Mediagazer: 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%+ (Jaspreet Singh/Reuters)

10:20 AM ET, November 13, 2024

Top News:

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

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.

Discussion: Mediaite, TVNewsCheck, TMZ.com, Business Insider, RedState, Forbes, @mediaite, Al Jazeera, @loudmouthjulia.bsky.social, Bloomberg, @loudmouthjulia.bsky.social, @loudmouthjulia.bsky.social, Sandra Rose, @verambergen, @colbyhall, @ericlevitz, @deggans, @blackknight10k, @thedailyshow, The Wrap, Louder With Crowder, The Independent, Barrett Media, The Daily Caller, The Hill, Washington Examiner, @wdavisx3, The Mirror, Townhall, emptywheel, News18, @noahcrothman, @realjeremycarl, Aviation Week Network, @yashar, The Times of Israel, Raw Story, UPI, Newsbusters, CBS News, Breitbart, Washington Post, @paulrieckhoff@threads.net, @aaron.rupar@threads.net, Roll Call, New York Times, WHEC.com, Los Angeles Times, Lawyers, Guns & Money, Breaking Defense, The Korea Herald, Air & Space Forces Magazine, Variety, ZeroHedge News, Defense News, Wall Street Journal, Donald J. Trump on Truth Social, USA Today, @juddlegum.bsky.social, @joyce_white_vance@threads.net, @senwarren@threads.net, @mmfa.bsky.social, @mmfa.bsky.social, NPR, TVLine, @dangillmor@mastodon.social, ABC News, Fox News, al.com, @Tengrain@mastodon.social, Politico, @donmoyn.bsky.social, @opinionhaver.bsky.social, Reuters, @donmoyn.bsky.social, The Hollywood Reporter, @donmoyn.bsky.social, Axios, New York Post, @pbump.com, @chrislhayes.bsky.social, @bencollins.bsky.social, @chrislhayes.bsky.social, HuffPost, Instapundit, Crooks and Liars, The Gateway Pundit, The National Pulse, Rolling Stone, CNBC, Daily Mail, NBC Bay Area, Deadline and IJR, more at Techmeme »

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 …

Discussion: Mediaite, ZeroHedge News, Politico, Deadline, New York Times, @annmlipton@esq.social, @carnage4life@mas.to and RedState, more at Techmeme »

Diana Falzone / Mediaite:

Sources: Alina Habba, the lawyer who represented Trump in high-profile cases, is the front-runner to serve as press secretary in the incoming White House — Alina Habba, a lawyer who represented Donald Trump in a series of high-profile cases, has emerged as a front-runner to serve …

Discussion: Mediaite, So What, @atrupar, @aidnmclaughlin, @GottaLaff@mastodon.social, New York Post, The Hill, The Independent, Daily Mail and IJR

Axios:

Sources: Trump's confidants are considering changes to daily press briefings in the White House that would give access to newer, MAGA-aligned voices — - Trump's first administration tried to ban outlets it saw as unfavorable from off-camera press briefings.

Discussion: @sophiacai99

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.

Emma Roth / The Verge:

Google says it will test removing news articles from EU-based publishers from Search for 1% of users in France, Poland, Greece, Belgium, and other EU countries — As Google continues to navigate its relationship with publishers, regulators, and news readers, the company is starting a pretty drastic test …

Discussion: The Keyword

Chris Roush / Talking Biz News:

Yahoo Finance hires Anthony Galloway as head of content; he was previously the WSJ's chief content officer of editorial video, audio, and voice programming — Anthony Galloway has been hired as head of content for Yahoo Finance. — He will be responsible for leading programming …

CNBC:

Liberty Media plans to spin off most assets, besides F1 racing, into publicly traded company Liberty Live, and says CEO Greg Maffei will step down by 2024's end — Liberty Media announced Wednesday it's spinning off most assets besides Formula One auto racing into a separate publicly traded company …

Discussion: The Wrap, Variety, Sportico, The Hollywood Reporter, Deadline and KUSA-TV

Callie Holtermann / New York Times:

Bluesky says it has gained 1M+ users in the week since the US election, mostly in the US, the UK, and Canada, and now has 14.7M users in total — With one million new accounts added since the U.S. elections, Bluesky has solidified itself as an option for people looking to change their social media service.

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 …

Discussion: TVNewsCheck, MEDIANAMA, The Media Leader, Variety, @richlightshed, @richlightshed, Music Business Worldwide, @richlightshed, @eldsjal, The Information, CNBC, Billboard, Music Ally, Investing.com, Spotify, Bloomberg and Deadline

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.

Discussion: Cord Cutters News, The Media Leader and Advanced Television

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More News:

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

Discussion: TVNewsCheck

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

Discussion: Music Ally, YouTube Community, Engadget, MEDIANAMA, TechCrunch and Tubefilter, more at Techmeme »

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”

Discussion: Perplexity Blog and Ad Age, more at Techmeme »

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

Discussion: TVNewsCheck, Reuters, CNBC, Cord Cutters News, Advanced Television, The Desk, StreamTV Insider, Deadline, The Streamable, Yahoo Finance, Wall Street Journal and Benzinga

Max Tani / Semafor:
Email: some of Al Jazeera's Gaza reporters say they will no longer broadcast until the network pays what they say are months of missing expense reimbursements

Discussion: @maxwelltani

Winston Cho / The Hollywood Reporter:
Mario Gabelli, largest holder of nonvoting Paramount shares, asks the FCC to delay transferring broadcast licenses to Skydance until he decides whether to sue

Discussion: The Wrap, Variety, New York Post, @tiltowl.bsky.social, Deadline, The Wrap and TVNewsCheck

David Satin / The Streamable:
EchoStar reports a Q3 net loss of $142M on revenue of $3.89B, with Sling TV adding 145K customers but satellite service Dish losing 188K; SATS falls 12.9%

Discussion: CNBC, EchoStar Corporation, The Desk, Tv Technology, Streaming Better, The Wrap, Benzinga, The Hollywood Reporter and Cord Cutters News

Earlier Picks:

Adweek:
Google cracks down on affiliate SEO businesses run by third parties, leading to much lower search visibility for those businesses at Time, WSJ, CNN, and others

Discussion: Mark Stenberg on LinkedIn and @simondowens@threads.net

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.

Discussion: Poynter, Columbia Journalism Review, @lachcartwright, Page Six, The National Pulse, New York Post, Business Insider, New York Times, The Wrap, @jenhoward.bsky.social and @maxwelltani@threads.net

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

Discussion: @particle_news, @particle_news, @particle_news, @particle_news, MediaPost, Particle and The Verge

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

Haroon Siddique / The Guardian:
ECHR rules in favor of Daily Mail publisher ANL, which argued that forcing media orgs to pay success fees when they lose a case violates free speech rights

Discussion: @ChrisMayLA6@zirk.us, Byline Times and Press Gazette

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

From Techmeme:

Bloomberg:
Polymarket says the FBI seized CEO Shayne Coplan's phone and electronics; source: the DOJ is investigating Polymarket for allegedly accepting bets from US users

Ramish Zafar / Wccftech:
AMD says it will lay off ~4% of its global staff to align “resources with our largest growth opportunities”; SEC filing: AMD had 26,000 employees at 2023's end

Bloomberg:
Sources: OpenAI plans to launch a new AI agent codenamed Operator, which can use a computer to take actions on a person's behalf, in January

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