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

Archived Page Info:

This is a snapshot of Mediagazer at 7:50 AM ET, November 7, 2024.

View the current page or another snapshot:

Who's Hiring in Media?

Output Producer, CA — AP

China Markets Correspondent, Shanghai — Reuters

Senior Assignment Editor, DC — WaPo

Breaking News Editor, Tokyo — Bloomberg

Senior Correspondent - Wealth, NY — WSJ

Reporter - Ottawa Bureau — Globe & Mail

Local Government Reporter, IA — The Gazette

Research Director, CA — OCBJ

Immigration Enforcement Reporter — Documented

Presque Island Reporter, ME — Bangor Daily News

Contributing Parks Ed. - SW, CA — SFGATE

AI Content Editor, WA — Outlier

Legislative Reporter, TN — Daily Memphian

Editorial Assistant, Remote US — Launch Potato

Elon Musk Reporter, NY or CA — The Information

Government & Politics Editor, WA — Seattle Times

Business & GA Reporter. VT — VTDigger

Sports Reporter, WA — Everett Herald

Energy Reporter, TX — Houston Chronicle

Senior Reporter, SC — Island Packet

Trade & Climate Correspondent, DC — FT

Reporter, WI — Racine County Eye

Political Newsletter Writer, CO — The Lever

Jackson Reporter, MS — Verite

Music Editor, AZ — Phoenix New Times

Breaking News Reporter, NV — Las Vegas Sun

Fearless Reporter/Producer, IA — BPC

Reporter II - Technology, Remote — NPR

Editor, Remote US — Daily Kos

City Reporter, WA — Tacoma News Tribune

Executive Editor, OR — Lookout Local

Education & Budget Reporter, CA — Politico

Senior Writer/Editor, FL — Gulfshore Business

Media Editor, Remote — Axios

Add your company here

See Also:

Mediagazer: site main

Mediagazer River: reverse chronological Mediagazer

Mediagazer Mobile: for phones

Mediagazer Leaderboard: Mediagazer's top sources

Subscribe:

Mediagazer RSS feed

Mediagazer on X

Mediagazer on Mastodon

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:

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

Sister Sites:

Techmeme
Top news and commentary for technology's leaders, from all around the web

memeorandum
What US political commentators are discussing online right now

WeSmirch
The top celebrity news from all around the web on a single page