Mediagazer: 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 (Charlie Warzel/The Atlantic)

4:25 AM ET, November 11, 2024

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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.

Discussion: Semafor, @cwarzel@threads.net, Fox News, @craigsilverman@mastodon …, @deggans, @farhip, @benmazer, @haldavis3, @djkoessler, @cwarzel@threads.net, @cwarzel@threads.net, @cwarzel@threads.net, @cwarzel@threads.net and The Hill

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: @annaknicolaou

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 …

Discussion: @billackman, Digital Music News, Music Business Worldwide, The Times of Israel, Variety, CNN, The Hollywood Reporter, Bloomberg, Barron's Online, The Gateway Pundit, Reuters, Wall Street Journal, Reuters, New York Post, CNBC, Deseret News, Forbes and Bloomberg

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

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 Desk, Deadline, The Hollywood Reporter, Media Play News, The Streamable, Variety, AMC Networks Inc. and Benzinga

Dade Hayes / Deadline:
Paramount reports Q3 revenue down 6% YoY to $6.7B, operating income down 43% to $337M, DTC revenue up 10% to $1.7B, $49M DTC adjusted OIBDA, 72M Paramount+ subs

Discussion: @lucas_shaw, StreamTV Insider, Front Office Sports, TVNewsCheck, AdExchanger, IndieWire, Advanced Television, Streaming Better, Cord Cutters News, The Streamable, Media Play News and Bloomberg

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, TVNewsCheck, Reason, Reuters, Florida Phoenix and Fox News

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

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 …

Discussion: Mother Jones, The Guardian, @rob_airone, @marinawalkerg, @marinawalkerg, @bdoh, @nivcalderon, @kaedotcom, @basuashis, @hadas_gold, @jennwong.bsky.social, @reckless1280@threads.net, International Center …, @passantino@threads.net and Freedom of the Press …

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

Jim Milliot / Publishers Weekly:

News Corp's HarperCollins reports Q1 revenue up 4% YoY to $546M, led by a 15% YoY gain in digital sales; JD Vance's Hillbilly Elegy led titles with ~1.5M copies — HarperCollins followed up a strong quarter ended June 30, 2024, with more solid results in the quarter ended September 30, 2024.

Discussion: @juwanthecurator.bsky.social and John Cheary on LinkedIn

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

Discussion: Wall Street Journal, The Times, News Corporation and Reuters

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: Lawyers, Guns & Money, Commercial Observer, @benmullin, @patriciaeguino, Poynter, @benmullin, @benmullin, TVNewsCheck, @film_girl@threads.net, @ellaeliz@threads.net, @talia.barrington@threads.net, @mkarolian@threads.net, New York Post, Benjamin Mullin on LinkedIn, MediaPost, Washingtonian, @scotian.bsky.social and @juwanthecurator.bsky.social

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: @elizwgreen, @jessicahuseman, MEDIANAMA and Civic News Company on LinkedIn