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10:00 AM ET, November 8, 2024

Mediagazer

 Top News: 
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.
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, Reuters and News Corporation
RELATED:
Connor Hart / Wall Street Journal:
News Corp names Lavanya Chandrashekar as its next CFO, succeeding Susan Panuccio, starting January 1 with an annual $1.4M base salary  —  Chandrashekar most recently served as CFO at Diageo  —  News Corp named Lavanya Chandrashekar as its next chief financial officer, succeeding Susan Panuccio …
Discussion: News Corporation
Blake Brittain / Reuters:
A US federal judge dismisses Raw Story and AlterNet's copyright lawsuit against OpenAI over LLM training, for now, saying the outlets couldn't show enough harm  —  A New York federal judge on Thursday dismissed a lawsuit against artificial intelligence giant OpenAI that claimed it misused articles …
Ben Smith / @semaforben:
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 …
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: The Hollywood Reporter and GOV.UK
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 …
Nancy Tartaglione / Deadline:
Sony Pictures reports Q2 revenue down 14% YoY to ~$2.39B, profit down 39% YoY to $124M, weighed down by lower TV series deliveries due to 2023 Hollywood strikes  —  That's a 39% decrease versus the similar quarter in 2023, on a U.S. dollar basis.  Adjusted OIBDA (Operating Income …
Discussion: TVNewsCheck and Variety
Taylor Lorenz / User Mag:
How conservatives nurtured and funded a vast network of online influencers and creators, and how structural disadvantages prevent the left from replicating it  —  Minutes after Donald Trump was declared the winner of the 2024 election, Dana White took the stage to thank the influencers who helped lead Trump to victory.
RELATED:
Clay Risen / New York Times:
Jim Hoagland, a two-time Pulitzer Prize winner, foreign correspondent, editor, and columnist for The Washington Post, died on November 4 at age 84  —  A two-time Pulitzer Prize winner, he was a reporter, editor and columnist for The Washington Post, renowned for his deeply sourced dispatches.
Discussion: Washington Post
Amanda Meade / The Guardian:
Nine Entertainment's acting CEO predicts AU$100M in cuts over the next two years and says staffers found to have engaged in harassment will be “held to account”  —  ‘There will be change at Nine and individuals will be held to account for behaviour of this nature’ acting CEO tells AGM
Dade Hayes / Deadline:
In an earnings call, David Zaslav says the Trump administration may be more merger friendly, enabling a “real positive and accelerated impact on this industry”  —  Warner Bros. Discovery CEO David Zaslav said Donald Trump's re-election as president bodes well for media M&A.
RELATED:
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
 
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 More News: 
Charlotte Tobitt / Press Gazette:
UK-based Digitalbox buys three entertainment and lifestyle sites from GRV Media; GRV's executive chairman says his company has pivoted to sports journalism
 Earlier Picks: 
Sam Roberts / New York Times:
Richard Winfield, who worked to protect reporters' sources, convinced judges to allow cameras in court, and more as general counsel for the AP, died at age 91
Discussion: TVNewsCheck