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.
Discussion:
TVNewsCheck, @benmullin, Washingtonian, @benmullin, @mkarolian@threads.net, @benmullin, New York Post, @talia.barrington@threads.net, @ellaeliz@threads.net, @patriciaeguino, @benmullin, @film_girl@threads.net, Benjamin Mullin on LinkedIn, @scotian.bsky.social, @juwanthecurator.bsky.social and MediaPost
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
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 …
Discussion:
TikTok, Spotify, Music Ally, Digital Music News, Billboard, Music Business Worldwide and The Verge, more at Techmeme »
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 …
Discussion:
Music Ally and @reuterslegal, more at Techmeme »
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.
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:
The Hollywood Reporter, AMC Networks Inc. and Benzinga
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 …
Discussion:
The Streamable, Streaming Better, Media Play News and Cord Cutters News
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.
Discussion:
MediaPost, @renee.diresta@threads.net, @claireeshaffer, @chronotope, @chronotope, @benghazi_ebooks, @rebexxxxa, @ncblake, @ethangach, @briantylercohen, @joeholder_, The Independent, @realvanjackson, @cheyennehuntca, @sowmyak, @chronotope, @karavoght, @ncblake, @maxwelltani, @claireeshaffer, @iamnickreynolds, @benghazi_ebooks, @walthickey, @bernstein, Instapundit, Taylor Lorenz on LinkedIn, Aaron Huertas on LinkedIn, @drjoehanson@threads.net, @avecruth@threads.net, Fast Company, Le Monde.fr, The Free Press, @michaelbishop.me, @dansinker@omfg.town, @taylorlorenz@mastodon.social, @taylorlorenz@mastodon.social, The Hollywood Reporter, Ad Age, Wired and The Information
RELATED:
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
Discussion:
Newslaundry, Deadline, Bloomberg, The Guardian, HuffPost, The Boston Globe, Arijit Bhaduri on LinkedIn and The Hill
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
Discussion:
news.com.au, Mumbrella, Sydney Morning Herald and Australian Financial Review
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:
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
Discussion:
Adweek, Benzinga, The Streamable and Variety
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
Discussion:
MediaPost, RetailWire, The Desk, Tv Technology, Streaming Better, StreamTV Insider, IndieWire, Quartz, Variety, WORLD SCREEN, The Information, Media Play News, CNBC and The Wrap
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