Top News:
Charlie Warzel / The Atlantic:
The 2024 US election cycle has shown that few seem to agree on who constitutes “the media”, what their role should be, or how much influence they have in 2024 — “You are the media now.” That's the message that began to cohere among right-wing influencers shortly after Donald Trump won the election this week.
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Taylor Lorenz / User Mag:
Threads becoming inundated with liberal election fraud conspiracies highlights the shift toward a “post-truth” online landscape across the political spectrum — Over the past several days, Meta's Threads has become inundated with liberal election fraud conspiracies.
Discussion:
@taylorlorenz@mastodon.social and @taylorlorenz@threads.net, more at Techmeme »
Anna Nicolaou / Financial Times:
A profile of Interscope CEO John Janick, who was promoted to run UMG's US West Coast labels in March 2024, adding to speculation that he will one day be UMG CEO — Why Billie Eilish and Olivia Rodrigo chose John Janick — Dr Dre is frustrated. “What are you gonna do?” …
Discussion:
Bloomberg, @arogdc, @robinwigg and @annaknicolaou
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Elizabeth Dilts Marshall / Billboard:
Bill Ackman, UMG board member and major shareholder, seeks to move UMG's stock listing and HQ to the US from Amsterdam, after Israelis were attacked in the city — The head of Pershing Square Capital, which owns 10% of UMG's stock, said moving UMG to the U.S. after attacks on Israelis overnight …
Raquel ‘Rocky’ Harris / The Wrap:
Slate says its magazine daily subscription sign-up rate was up 7x on a normal Wednesday day on November 6, after a 4x spike on the November 5 election day — “We deeply appreciate the support of our Slate Plus members who believe in the power of journalism,” editor-in-chief Hillary Frey says
Discussion:
@hilella, @benmullin and Slate
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:
NewscastStudio, The Desk, @variety, @charterhousesq, Editor and Publisher, Cord Cutters News, TVNewsCheck, Deadline, The Wrap and WORLD SCREEN
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Dade Hayes / Deadline:
Paramount reports Q3 revenue down 6% YoY to $6.7B, operating income down 43% to $337M, DTC revenue up 10% to $1.9B, $49M DTC adjusted OIBDA, 72M Paramount+ subs
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
Discussion:
The Desk, Deadline, The Hollywood Reporter, Media Play News, The Streamable, Variety, AMC Networks Inc. and Benzinga
Zack Whittaker / TechCrunch:
The Senate has a few weeks left to pass the PRESS Act, a federal “shield” bill for reporters that the House passed with unanimous, bipartisan support in January — Folks in America: Your senators only have a few weeks left to pass the PRESS Act, a federal “shield” …
Discussion:
@zackwhittaker@mastodon.social and The Verge
Charlotte Tobitt / Press Gazette:
Daily Mail EIC Ted Verity says Mail+ has hit 100K paying subscribers, after launching the partial paywall in January 2024, and plans a US Mail+ launch in 2025 — Mail Online has hit 100,000 paying subscribers to its partial paywall in less than ten months.
Jonathan Stempel / Reuters:
CNN must face Project Veritas' defamation lawsuit after a federal appeals court finds that Project Veritas plausibly alleged that CNN acted with actual malice — A U.S. federal appeals court on Thursday revived a defamation lawsuit accusing CNN of defaming Project Veritas in its explanation …
Discussion:
Newsbusters, Bloomberg Law, Courthouse News Service, American Thinker and TVNewsCheck
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:
@thestalwart, @penenberg, @hblodget, The Wrap, @samro, @jfberke, @walthickey and @benmullin
Winston Cho / The Hollywood Reporter:
Under Trump, media executives and M&A advisers predict fewer deal constraints, more encroachment by Big Tech onto Hollywood, and more broadcast TV consolidation — A palpable buzz has taken hold of corporate boardrooms that another four years of the Republican will free up dealmaking.
Discussion:
Cord Cutters News, The Hollywood Reporter, World of Reel, TVNewsCheck, New York Post, Axios, Fortune, Bloomberg, Bloomberg and Techdirt
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 …
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