Mediagazer: WBD report Q3 revenue down 3% YoY to $9.62B, adjusted EBITDA down 18% YoY to $2.4B, and net income of $135M, as its box offices numbers drop (Deadline)

7:50 AM ET, November 7, 2024

Top News:

Lili Loofbourow / Washington Post:

A look at Amazon Prime Video's election night show, with former NBC News anchor Brian Williams, a wide array of news team members and guests, and a surreal set — The former NBC News anchor's deeply strange (and ambitious) live stream captured the surrealism of the night.

Discussion: @thr, Salon, @chaseman777@threads.net, @baratunde@threads.net, @estellasrevenge@threads.net, The Hollywood Reporter, Variety, About Amazon, Barrett Media, Deadline, The Wrap, GeekWire, Decider and Washington Examiner

Deadline:

Nielsen: 42.3M viewers watched election night coverage across 18 US TV networks, down 25% from 2020; Amazon Prime Video was not included in the measurement — The measurement was in the 7 p.m. - 11 p.m. ET period, which was hours before the final tally of Trump's win and Vice President Kamala Harris' loss was in.

Discussion: DNyuz, The Hollywood Reporter, Los Angeles Times, Adweek, Nielsen, @jeremymbarr, @alexweprin, Axios, The Desk, Wall Street Journal, Associated Press, @benjaminmullin@threads.net, Barrett Media, Variety, The Wrap and Media Play News

Maxwell Zeff / TechCrunch:

Perplexity's US election hub offered helpful, real-time election insights and maps on November 5, linking to reliable resources and providing historical context — On Tuesday, two AI startups tried convincing the world their AI chatbots were good enough to be an accurate …

Discussion: Wired, VentureBeat, Maxwell Zeff on LinkedIn, Aravind Srinivas on LinkedIn, Business Insider and Fortune, more at Techmeme »

Amanda Gerut / Fortune:

Streams Charts: Election Day livestreams generated ~84M hours of watch time, with 80.6% on YouTube, where Fox News had 1.14M peak viewers, beating other outlets — A man seen watching the broadcasting of the U.S. election results at the restaurant in Bangkok.

Discussion: Streams Charts and DNyuz

New York Times:
In the election run-up, TV networks had prepared for a long wait, like in 2020, that didn't come; around 2:30AM ET, every network covered Trump's victory speech

Discussion: DNyuz, @davidoatkins, Poynter, Variety and The Guardian

Sara Fischer / Axios:

How Trump and his allies could go after the media in his second term through harassment campaigns and lawsuits, draining the companies of time, money, and trust — - “The regulatory threat is on the edges at most,” said Andrew Jay Schwartzman, a veteran communications lawyer.

Discussion: @maxwelltani, Freedom of the Press …, @freedomofpress, @trevortimm, @benmullin, @perspectvortex, @mehdirhasan, @karlbode.bsky.social, @robeno, @kittypurrzog, @matthewkeyslive, @matthewkeyslive, Alternet.org, Boing Boing, Columbia Journalism Review, Politico, Deadline and Sara Fischer on LinkedIn

Brian Stelter / CNN:

After Trump won, US journalists question what a “red wave” election says about the information environment and the media's credibility, influence, and audience — New York CNN — — Donald Trump's return to power is a hinge point for the American media - in ways big, small, and to be determined.

Discussion: KDFX-TV, Semafor and Decider

New York Times:

How Trump, a master of the media, embraced online celebrities and podcasts in the 2024 election cycle, evolving beyond tabloids, reality TV, X, and cable news — Donald J. Trump has embraced tabloids, reality TV, Twitter and cable news. This year, he moved on to podcasts and online streamers.

Benjamin Mullin / New York Times:
Experts say news outlets could see a “Trump bump 2.0”, but it would be more muted than in his first term due to news fatigue and changing consumption habits

Discussion: @benmullin, @harrymccracken@mastodon …, @brendancarrfcc, @zammer.bsky.social and TVNewsCheck

Kurt Schlosser / GeekWire:
Jeff Bezos, who ended the WaPo endorsing political candidates, congratulates Donald Trump on his “political comeback and decisive victory” in a rare X post

Deadline:

WBD report Q3 revenue down 3% YoY to $9.62B, adjusted EBITDA down 18% YoY to $2.4B, and net income of $135M, as its box offices numbers drop — Warner Bros Discovery added more than seven million net subscribers in the third quarter of 2024 as its international Max rollout gathered pace …

Georg Szalai / The Hollywood Reporter:

WBD reports Q3 adjusted EBITDA for DTC, including streaming and pay-TV, of $289M, up from $111M in Q3 2023, and 110.5M subscribers, up 7.2M from Q2 2024 — The David Zaslav-led conglomerate posted its third-quarter results. … The company, led by CEO David Zaslav, on Thursday …

Discussion: The Wrap, Reuters, CNBC and Yahoo Finance

Reuters:

Canada orders TikTok's business in the country to be dissolved, citing national security risks, but says it is not blocking Canadians' access to the app — Canada on Wednesday ordered the wind up of TikTok's business in the country citing national security risks, but added the government …

Christopher Palmeri / Bloomberg:

US filing: Paramount Global talked to WBD about a merger for months before giving up after receiving no offer; Paramount held talks with at least 12 bidders — - Comcast also took an early look but wanted a streaming deal — Skydance ultimately emerged as winning bidder for CBS parent

Discussion: The Desk, The Streamable, Cord Cutters News, Business Insider and Variety

Jesse Whittock / Deadline:

ITV reports revenue down 8% YoY to £2.74B in January to September 2024, Studios revenue down 20% YoY to £1.21B due to strikes, and plans £20M in extra cost cuts — UK network ITV is planning an additional £20M ($25.9M) in net cost savings, as impacts …

Discussion: Advanced Television, London Evening Standard and The Hollywood Reporter

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More News:

Caitlin Huston / The Hollywood Reporter:
Sinclair reports Q3 revenue up 20% to $917M, net income of $94M, vs. a $46M loss YoY, political ad revenue up 31% over 2020 but slightly below its guidance

Discussion: TVNewsCheck, Sinclair, Inc, The Desk, StreamTV Insider and NewsBlues.com

Todd Spangler / Variety:
In his second term, Trump may replace top FTC and DOJ officials who have chilled dealmaking, making 2025 a breakout year for media mergers and acquisitions

Discussion: @sherman4949 and Deadline

Charlotte Tobitt / Press Gazette:
In a letter to a UK parliamentary committee, the FT says news organizations are forced to accept Google's AI crawlers due Googlebot's presence on most websites

Georg Szalai / The Hollywood Reporter:
UK Culture Secretary Lisa Nandy unveils plans to broaden the scope of media merger laws to include the purchase of UK online news outlets and news magazines

Discussion: HoldtheFrontPage and Advanced Television

Sacha Biazzo / Columbia Journalism Review:
How journalists cover drug violence in Sinaloa, Mexico, avoiding “narco gossip” and terms like “executed” and attempting to verify videos made by cartels

Discussion: New York Times

Earlier Picks:

Lucia Moses / Business Insider:
Sources: ~100 NYT Tech Guild members cross the picket line to work on Election Day; NYT engineer and union steward Benjamin Harnett says the figure is under 50

Discussion: New York Times, @corbinbolies, @nate_cohn, @alexselbyb, Mother Jones, @coreypein.bsky.social, Fox News, Game File, Semafor, Slate, Le Monde.fr, MediaPost, Boing Boing, Townhall, Eurogamer.net, Breitbart and The Western Journal

Ryan Grim / Drop Site News:
In a November 3 internal email, Patrick Soon-Shiong cites Trump and Harris' stance on the Israel-Hamas war among the reasons the LAT didn't endorse a candidate

Discussion: Columbia Journalism Review, @petersterne, @dropsitenews, The Guardian, Washington Examiner and Scroll.in

Tom Phillips / The Guardian:
Federal police in Brazil formally charge the alleged mastermind of the murders of UK journalist Dom Phillips and indigenous expert Bruno Pereira in June 2022

Discussion: Reporters Without Borders

Alexandra Steigrad / New York Post:
iHeart says it is laying off employees; a source says the layoffs affect less than 5% of a workforce of more than 10,000 employees

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”

From Techmeme:

Kent Walker / The Keyword:
Google says the DOJ's “wildly overbroad proposal goes miles beyond the Court's decision”, would hurt US consumers, and jeopardize the US' global tech leadership

Jay Peters / The Verge:
Adam Mosseri says Threads is rebalancing ranking to prioritize content from people that users follow, warns that creators' “unconnected” reach may go down

Paige Smith / Bloomberg:
The CFPB will supervise tech companies with digital wallets, like Apple Pay, Google Pay, and Venmo, with 50M+ annual transactions, treating them more like banks

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