Top News:
Variety:
AMC Networks acquires full control of BBC America, after BBC Studios sold its remaining 50.1% interest in the channel to AMC Networks for $42M in cash — The U.S. media company has owned a 49.9% stake in the channel since 2014, which it purchased for $200 million in a deal with BBC Worldwide.
Discussion:
Editor and Publisher, @variety, @charterhousesq, Deadline, TVNewsCheck, The Wrap, Cord Cutters News and WORLD SCREEN
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Kayla Cobb / The Wrap:
AMC Networks report Q3 revenue down 5.9% YoY to $599.6M, operating income down 22% YoY to $93.7M, 11.8M streaming subscribers, $316M in subscription revenue — Subscribers to AMC+ grew 5% in the third quarter of 2024 and now total 11.8 million — AMC Networks posted disappointing earnings results during …
Discussion:
AMC Networks Inc., Deadline, Media Play News, The Streamable, Variety, The Hollywood Reporter and Benzinga
Sean Burch / The Wrap:
News Corp reports Q1 revenue up 3% YoY to $2.58B, net income up 148% YoY to $144M, Dow Jones revenue up 3% YoY to $552M, and WSJ subscriptions up 7% YoY to 4.3M — The Murdoch-led media company reported 5.9 million Dow Jones subscribers, up 11% — News Corp., the home to The Wall Street Journal …
Discussion:
The Times, News Corporation and Reuters
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Benjamin Mullin / New York Times:
Memo: WaPo CEO Will Lewis tells staff they'll be expected to work from the office five days a week, instead of three, by June 2, and by February 3 for managers — All employees at The Post will be expected to return to the office by June 2. Managers must be back in the office full time by Feb. 3.
Discussion:
Commercial Observer, @benmullin, @patriciaeguino, TVNewsCheck, @benmullin, @benmullin, @film_girl@threads.net, Washingtonian, @talia.barrington@threads.net, @ellaeliz@threads.net, @mkarolian@threads.net, New York Post, Benjamin Mullin on LinkedIn, @scotian.bsky.social, @juwanthecurator.bsky.social and MediaPost
Chris Roush / Talking Biz News:
Memo: Business Insider founder Henry Blodget says he is leaving BI's board, will remain an adviser and contribute occasional columns, and plans to write a novel — Business Insider founder Henry Blodget sent out the following on Friday: — Team, — Seventeen years ago …
Discussion:
@benmullin, @jfberke, @samro and @walthickey
Sarah Perez / TechCrunch:
TikTok launches Share to TikTok, which lets users directly share music from Apple Music and Spotify in a post to their TikTok Feed or in DMs via TikTok Messages — TikTok on Thursday debuted a new feature that will more closely connect its app, which already influences which songs top the charts …
Hadas Gold / CNN:
Experts on authoritarian leadership in Europe say Trump could do extensive damage to US press freedom, similar to Orbán in Hungary, Putin in Russia, and more — New York CNN — — President-elect Donald Trump has vowed to go after much of the media in his second term …
Sarah Scire / Nieman Lab:
A look at Votebeat's use of a Slack channel to answer questions for journalists on the election, connecting reporters with experts through at least December 8 — “The problem with voting stories is that the people who make themselves most available don't know what the hell they're talking about.”
Discussion:
@jessicahuseman and Civic News Company on LinkedIn
Jake Kanter / Deadline:
The UK government launches a forum that includes the BBC, Sky, and Ofcom to examine ways of preserving linear TV for older and underprivileged audiences — The UK government plans to examine ways of sustainably preserving linear television for older and underprivileged audiences amid the streaming revolution.
Discussion:
@francarnell.bsky.social, The Hollywood Reporter and GOV.UK
New York Times:
US prosecutors claim a second Iranian-directed plot existed to assassinate US-based activist and journalist Masih Alinejad, along with a plot to kill Trump — The allegation came in a complaint that said Masih Alinejad, a Brooklyn activist, had been the target of a second assassination attempt.
Ben Smith / @semaforben:
In a note to staff, Roula Khalaf says US editor Andrew Edgecliffe-Johnson is leaving the FT for Semafor and will be replaced by Derek Brower from December 1 — A huge hire for @semafor Business, and more news to come on this front.
Discussion:
Talking Biz News
Dade Hayes / Deadline:
Paramount Q3: revenue down 6% YoY to $6.73B, operating income down 43% to $337M, DTC revenue up 10% to $1.86B, DTC adjusted OIBDA of $49M, 72M Paramount+ subs — Paramount Global posted mixed third quarter financial numbers as its TV and film divisions dipped, but bosses are pointing …
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