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5:10 PM ET, November 12, 2024

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 Top News: 
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  —  Disney board members are considering outsiders including the CEO of videogame company Electronic Arts  —  Disney is exploring fresh candidates …
Benjamin Mullin / New York Times:
Nicholas Carlson unveils Dynamo, a video-focused company that aims to make “cinematic” stories, and raised $3.4M from Henry Blodget, Jessica Lessin, and others  —  Nicholas Carlson is preparing to debut a media start-up of his own called Dynamo.Clark Hodgin for The New York Times
Wall Street Journal:
Meta plans to ask Facebook and Instagram users in Europe if they want to get “less personalized ads” and cuts subscription prices by 40%, a concession to the EU  —  The Facebook and Instagram owner faces pressure in Europe to ask before using data to target ads or train artificial intelligence.
Le Monde:
Le Monde, Le Figaro, Les Echos, and other French news outlets sue X, accusing it of running their content without paying, violating so-called neighboring rights  —  Several leading French news organizations said Tuesday, November 12, that they are suing social media platform X, accusing it of running their content without payment.
Lily Ford / The Hollywood Reporter:
Gary Lineker plans to step down from soccer show Match of the Day after 26 years, but extends his BBC Sport contract; he is the BBC's highest-paid presenter  —  The ex-England soccer captain has become the face of BBC Sport and the public broadcaster's highest-paid presenter since …
Reuters:
Tencent Music reports Q3 revenue up 6.8% YoY to ~$970M, below est., social entertainment revenue down 23.9%, and paying users up 15.5%; TME drops 5%+ pre-market  —  Tencent Music Entertainment (1698.HK) missed estimates for quarterly revenue on Tuesday, as Beijing's crackdown …
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  —  Netflix, a company that once dismissed the concept of allowing commercials around its popular streaming content, now can't seem to get enough of them.
Sara Fischer / Axios:
Source: Substack raised ~$10M in new funding; investors include Nate Silver and Omeed Malik, whose firm 1789 Capital backed Tucker Carlson's new media venture  —  - Substack's original value proposition of empowering writers to connect directly with their audiences has attracted a diverse set of writers …
Discussion: ZeroHedge News
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  —  Rebooting the member list, taking the show streaming — is it enough in the age of AI?
Discussion: Variety
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  —  The steep drops in search visibility could mean the end to outsourcing affiliate operations  —  The search visibility of the Forbes …
 
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 More News: 
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
Dominic Ponsford / Press Gazette:
An interview with The Sun's former royal editor Duncan Larcombe on Fleet Street “dark arts”, Sun's toxic newsroom, Prince Harry's “deluded” lawsuit, and more
 Earlier Picks: 
Tom Tapp / Deadline:
The Tennis Channel indefinitely suspends analyst Jon Wertheim for “inappropriate” comments he made on air about Wimbledon champ Barbora Krejčíková's appearance
Hugh Dougherty / The Daily Beast:
Chris Wallace quits CNN after three years, opting not to renegotiate his contract, and says he will instead go independent
 

 
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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