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2:00 PM ET, November 4, 2024

Mediagazer

 Top News: 
Katie Robertson / New York Times:
The NYT reports Q3 digital subscribers hit 260K, for 11.9M in total, digital ad revenue rose 8.8% YoY to $81.6M, and The Athletic turned its first profit  —  The Times reported steady growth in digital subscriptions in the third quarter and a profit for The Athletic for the first time since it acquired the sports site in 2022.
RELATED:
The New York Times Company:
The NYT reports Q3 revenue up 7% YoY to $640.2M, subscription revenue up 14.2% YoY to $322.2M, and operating profit up 20.7% YoY to $76.7M  —  NEW YORK, November 4, 2024 - The New York Times Company (NYSE: NYT) announced today third- quarter 2024 results.  Key Highlights
Katie Robertson / New York Times:
The Times Tech Guild, representing 600+ NYT devs, data analysts, and more, goes on strike ahead of the US election; management offered a 2.5% annual wage rise  —  The Times Tech Guild represents more than 600 software developers and others who run the back-end systems behind The Times's digital operation.
RELATED:
Max Tani / @maxwelltani:
In email to staff, AG Sulzberger says the NYT Tech Guild strike will likely continue through the election and accuses the Guild of blocking essential journalism  —  NYT publisher AG Sulzberger emails the Times newsroom saying the NYT Tech Guild strike will likely continue through the election. He says it is “troubling that the Tech Guild would try to block this public service at such a consequential moment for our country.” [image]
Max Tani / Semafor:
At an internal meeting, NYT editors shared what they thought of internal and external feedback, “explicit threats from Trump about us in the media”, and more  —  The Scoop  —  With the 2024 presidential election a few weeks away, one question was top of mind for staff at The New York Times …
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Washington Post:
Pointing at media personnel during a rally, Trump says “someone would have to shoot through the fake news” to hit the bulletproof glass and “I don't mind that”  —  Trump's latest comments were an escalation of violent language he and his supporters have used in recent days.
Alex Weprin / The Hollywood Reporter:
Source: NBC gave the Trump campaign free commercial time in response to Harris' SNL appearance, including an unusual ad during Sunday's NASCAR coverage  —  Trump appeared in spots that aired during Sunday's coverage of both sporting events on NBC, speaking directly to the camera.
Porter Anderson / Publishing Perspectives:
PEN America: 10,046 school books bans across 29 states were recorded from July 2023 to June 2024, up ~200% YoY; Florida had 4,500+ bans and Iowa had 3,600+ bans  —  Calling US book bannings ‘tragic for young people,’ PEN America, four days before the 2024 US elections, cites a one-year 200-percent increase in such censorship.
Discussion: Maryland Matters, PEN America and UPI
Fox:
Fox Corp reports Q1 revenue up 11% YoY to $3.6B, affiliate revenue up 6% YoY to $1.8B, ad revenue up 11% YoY to $1.3B due to political ads, and $832M net income  —  NEW YORK, NY, November 4, 2024 - Fox Corporation (Nasdaq: FOXA, FOX; “FOX” or the “Company") today reported financial results for the three months ended September 30, 2024.
Sarah Kessler / New York Times:
Q&A with Kay Koplovitz on her transition to becoming a VC with Springboard after selling USA Networks, why women-led startups are underestimated, DEI, and more  —  Kay Koplovitz still remembers her first negotiation.  Her family was moving from one suburb of Milwaukee to another …
 
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 More News: 
Rob Davies / The Guardian:
Earlier in 2024, Sky found it had accidentally underpaid its ad partners, including Paramount and WBD, and now faces a bill for hundreds of millions of pounds
Discussion: Telegraph
Jon Gambrell / Associated Press:
The US says it believes Iranian-American journalist Reza Valizadeh, who once worked for US-funded broadcaster Radio Farda, has been detained for months by Iran
Katie Robertson / New York Times:
How Joanna Coles and Ben Sherwood are trying to revive The Daily Beast, amid conflicts with the staff, tech problems, and skepticism towards their vision
 Earlier Picks: 
Richard Sandomir / New York Times:
James Ledbetter, a former media critic who wrote for The Village Voice, was Inc. magazine EIC, and started fintech newsletter FIN, died on October 28 at age 60
Devin Gordon / New York Times:
AI in Hollywood is a tech leap with a vast impact but remains a tool, not a replacement, for creatives; its speed, quality, and cost allow for VFX breakthroughs
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November

Bloomberg:
Preqin data: Southeast Asia's AI startups raised just $1.7B across 122 deals so far in 2024, out of ~$20B across 1,845 deals for the whole Asia-Pacific region
 
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