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10:30 AM ET, November 5, 2024

Mediagazer

 Top News: 
Mandy Dalugdug / Music Business Worldwide:
UMG, ABKCO, and Concord sue Believe and its subsidiary TuneCore for $500M+, alleging Believe built its business via “industrial-scale copyright infringement”  —  Universal Music Group (UMG), along with ABKCO Music & Records, and Concord Music Group, filed a major copyright infringement lawsuit …
Reuters:
French judicial source: investigators searched Netflix's offices in France and the Netherlands as part of a preliminary investigation into tax fraud laundering  —  Investigators searched the offices of U.S. streaming giant Netflix (NFLX.O) in France and the Netherlands as part …
Manish Singh / TechCrunch:
India issues a notice to Wikipedia over bias concerns, questioning if it should be classified as a publisher, after judges called its open editing “dangerous”  —  Wikipedia is facing mounting regulatory pressure in India as local authorities question whether the platform …
Christopher Palmeri / Bloomberg:
Sources: Shari Redstone does not plan to stay on the board of Paramount Global after the company completes its planned merger with Skydance Media  —  Shari Redstone won't stay on the board of Paramount Global after the company completes its planned merger with Skydance Media, according to people familiar with her plans.
Joshua Benton / Nieman Lab:
Around 75% of the largest US newspapers aren't endorsing anyone for president this year, as publishers try not to annoy any sliver of their remaining customers  —  Led by risk-averse corporate owners, dozens of the biggest U.S. newspapers have decided their editorials should express opinions …
Sara Fischer / Axios:
Meta informs ad partners that it will extend its ban on new election ads for the week leading up to the election until several days after the polls close  —  - It later adjusted its policies to temporarily stop all social issue, electoral, or political ads from running after the polls closed on November 3rd.
The Information:
Sources: ByteDance's international revenue grew 60%+ YoY to ~$17B in H1 2024, and overall revenue grew 35% YoY to ~$73B, after growing 40% YoY in H1 2023  —  TikTok parent ByteDance increased its international revenue more than 60% to about $17 billion in the first half of 2024 …
Elisabeth Egan / New York Times:
An interview with Craig Garnett, the publisher of The Uvalde Leader-News, about his new book Uvalde's Darkest Hour, the aftermath of the school shooting, more  —  Craig Garnett, the publisher of The Uvalde Leader-News, opens up about covering a tragedy that was — and is — too close to home.
Etan Vlessing / The Hollywood Reporter:
Altice USA's Optimum lost 77K subscribers in Q3, bringing total subs to 2.1M; revenue fell 4% YoY to $2.2B, with a loss of $43M, down from a $66.8M profit YoY  —  The cable operator, led by Dennis Mathew, has introduced new digital TV packages to target cord-cutters and consumers shifting online.
Discussion: TVNewsCheck, The Desk and Altice USA
Ellen Clegg / What Works:
After The Minnesota Star Tribune decided last summer not to endorse anyone for president, 15 former opinion staffers posted their own endorsement online  —  The Washington Post and the Los Angeles Times shocked readers, staff and political observers when their billionaire owners killed editorial endorsements …
Discussion: @dankennedy_nu and Media Nation
Devin Coldewey / TechCrunch:
As the NYT Tech Guild goes on strike, Perplexity CEO Aravind Srinivas offers the AI company's services to the NYT to help ensure election coverage is available  —  The CEO of AI search company Perplexity, Aravind Srinivas, has offered to cross picket lines and provide services to mitigate …
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
Katie Robertson / New York Times:
The NYT reports adding 260K digital subscribers in Q3, for 11.9M in total, with digital ad revenue up 8.8% YoY to $81.6M, and The Athletic had 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.
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 More News: 
Alyson Krueger / New York Times:
A profile of Town & Country EIC Stellene Volandes, who is trying to keep the Hearst-owned 178-year-old magazine relevant via social media and its website
Todd Spangler / Variety:
Amazon unveils X-Ray Recaps on Prime Video, an AI feature that generates “spoiler-free and concise summaries” of TV shows, in beta to Fire TV users in the US
 Earlier Picks: 
Daniel Thomas / Financial Times:
BBC Chair Samir Shah calls for UK's “outdated” regulatory regime to be improved to let public service broadcasters compete with US streaming giants for viewers
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
 

 
From Techmeme:

Bloomberg:
Sources: Canadian authorities arrest Alexander “Connor” Moucka, who is allegedly behind the June and July 2024 hacks of up to 165 Snowflake users including AT&T

Marshall Cohen / CNN:
CCDH: before the election, Elon Musk made 87 X posts that were debunked by fact-checkers, hitting 2B+ views; his political posts had 17.1B views since July 2024

Financial Times:
In its annual report, Apple warns of future products perhaps never exceeding the iPhone's profitability, “geopolitical tensions”, and AI features' safety risks
 
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