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7:55 AM ET, November 13, 2024

Mediagazer

 Top News: 
Jack Forrest / CNN:
President-elect Donald Trump announces he has chosen Fox News host and Army veteran Pete Hegseth to serve as his secretary of defense  —  President-elect Donald Trump announced Tuesday he has chosen Fox News host Pete Hegseth to serve as his secretary of defense.
RELATED:
Financial Times:
Media executives say that some brands were preparing to advertise on X once again, as Elon Musk was likely to gain an influential Trump administration role  —  Some brands had abandoned the site over moderation concerns  —  Elon Musk's support for Donald Trump is set to boost X's flagging business …
Dan Milmo / The Guardian:
The Guardian says it will no longer post on “any official Guardian editorial accounts” on “toxic media platform” X; reporters will still use X to gather news  —  Platform's coverage of US election crystallised longstanding concerns about its content, says Guardian
Todd Spangler / Variety:
Amazon is shutting down Freevee, its free, ad-supported streaming service launched in 2019 under the IMDb brand, and plans to move the content to Prime Video  —  Amazon is officially shutting down Freevee, its free, ad-supported video streaming service originally launched under the IMDb brand nearly five years ago.
John Koblin / New York Times:
Antenna: in Q2, 51.4M people bought at least one niche streaming service subscription, up from 24.5M in Q2 2022, as users flock to Hallmark+, BritBox, and more  —  Executives from the Hallmark Channel made a curious decision this fall: They started a new streaming service.
Discussion: TVNewsCheck
K.J. Yossman / Variety:
The UK's Barb: Netflix grew its ad tier from 2.78M homes in Q2 to 3.8M homes in Q3 and Disney+ from 820K homes to 1.2M homes over the same period  —  It looks like the industry pivot back towards ads is paying off for streaming platformers, at least in the U.K.
Jaspreet Singh / Reuters:
Spotify reports Q3 revenue up 19% YoY to €3.99B, vs. €4.02B est., MAUs up 11% to 640M, and forecasts Q4 profit and MAUs above est.; SPOT jumps 8%+  —  Audio-streaming giant Spotify (SPOT.N) forecast fourth-quarter profit above Wall Street estimates on Tuesday …
Emma Roth / The Verge:
YouTube is testing a new feature that will let a small group of creators use AI to “restyle” licensed songs for their Shorts through prompts  —  YouTube is testing a new feature that will let creators use AI to “restyle” licensed songs for their shorts.
Kyle Wiggers / TechCrunch:
Perplexity says it will begin experimenting with ads on its platform in the US starting this week; ads will be formatted as “sponsored follow-up questions”  —  AI-powered search engine Perplexity says it'll begin experimenting with ads on its platform starting this week.
Discussion: Perplexity Blog and Ad Age
Washington Post:
Olivia Nuzzi drops a request for a protective order against ex-fiancé Ryan Lizza, whom she accused of harassment following news of her relationship with RFK Jr.  —  After news broke of her relationship with Robert F. Kennedy Jr., Nuzzi accused ex-fiancé Lizza of harassment and blackmail, which he denied.
Bloomberg:
DirecTV plans to terminate its planned acquisition of Dish by midnight on November 22, 2024, if bondholders don't agree to a debt exchange  —  - Warning follows rejection by Dish bondholders of improved bid … “A successful exchange was a condition for acquiring the Dish video business …
 
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 More News: 
Sarah Perez / TechCrunch:
Particle, an AI newsreader, launches on iOS and iPadOS, offering features including Explain Like I'm 5 and a chatbot that lets you ask questions about stories
Nilay Patel / The Verge:
Q&A with the Recording Academy CEO Harvey Mason Jr. about moving the Grammys to Disney from 2027, revamping its pool of voters, disruption due to AI, and more
Discussion: Variety
 Earlier Picks: 
Todd Spangler / Variety:
IAC reports Q3 revenue at Dotdash Meredith up 5% YoY to $439.5M and a $22.1M operating profit; The Daily Beast is profitable, a first, and revenue rose 81% YoY
Mark Sweney / The Guardian:
Fortress Investment Group acquires Curzon, a UK arthouse film company with 16 cinemas across the UK, a distribution arm, and a streaming service
Wall Street Journal:
Sources: Disney board members are exploring fresh candidates in their search for a successor to Bob Iger, including EA CEO Andrew Wilson
Brian Steinberg / Variety:
Netflix says its ad tier has 70M MAUs globally, up from 40M in May 2024, and it sold all out available in-game inventory for its Christmas Day NFL broadcasts
 

 
From Techmeme:

Lee-Anne Mulholland / The Keyword:
Google files its proposed remedies in the DOJ's search antitrust lawsuit, including letting browser companies have multiple default agreements across platforms

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems
 
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