Top News:
Daniel Thomas / Financial Times:
Trade body data: copyrighted music revenue was $45.5B in 2023, above cinema box office spending of $33.2B in 2023 and $41.9B in 2019; record labels made $28.5B — Annual revenues from copyrighted music hit almost $46bn last year, against $33.2bn for cinema
Discussion:
Pivotal Economics, CMU, Music Ally, Billboard and Will Page on LinkedIn
Mark Kleinman / Sky News:
Sources: CVC Capital Partners and a major European broadcaster, thought to be France's Groupe TF1, are among those considering a takeover of the UK's ITV — The commercial broadcaster is back on alert for takeover approaches as financial and industry players evaluate offers which could lead …
Discussion:
The Guardian, The Times, Deadline, City A.M., Bloomberg, Advanced Television and RTÉ
Brian Stelter / CNN:
As Elon Musk posts memes about buying MSNBC, sources say one liberal billionaire expressed interest in buying the channel; Comcast is not looking to sell MSNBC — Elon Musk has called MSNBC “the utter scum of the Earth.” He has said the channel “peddles puerile propaganda.”
Joe Flint / Wall Street Journal:
Sources: NBC's new deal with Macy's to keep the Thanksgiving Day Parade on NBC and Peacock has an average annual fee of $60M+, up from ~$20M in the current deal — Macy's and NBC near pact that would raise the spectacle's annual average price to $60 million.
Discussion:
@bsdtectr.bsky.social and Just Jared
Max Tani / Semafor:
Sources: CNN is considering making network anchor Kaitlan Collins its chief White House correspondent and relocating her show from New York to DC — The Scoop — CNN's leadership says it doesn't want to go back to its wall-to-wall 24-hour coverage of Donald Trump when he returns to the White House in January.
Discussion:
New York Post and TVNewsCheck
David Gilmour / Mediaite:
Elon Musk appears to confirm that posts containing links in their main text are deprioritized on X, says it is to stop “lazy linking” — Elon Musk confirmed that posts containing links in their main text are deprioritized on X in a revelation that renews criticism that the platform …
Discussion:
Business Insider, @markbrooks, @stevesi, @almostmedia, @seyitaylor, @stuartbuck1, @designationsix.bsky.social, @alicekeeler.com, @kwanza.bsky.social, @mikeshenderson.bsky.social, @andrewlseidel.bsky.social, @deadendgg.bsky.social, New Republic, @mattnavarra.com, @paulg, @romansphoto.bsky.social, @elonmusk, @paulg, @laurenmeidasa.bsky.social, @ernie@writing.exchange, Althouse and Benzinga
Lucas Shaw / Bloomberg:
The music industry is entering a cycle of consolidation, driven by a slowdown at the major labels, the growing market for independents, and the rapacity of PE — The music industry is entering new era, one driven by a slowdown at the major labels, the growing market for independents and the rapacity of private equity.
Discussion:
@lucas_shaw, @lucas_shaw and @lucas_shaw
Geneva Abdul / The Guardian:
Internal email: the UK's Reach plans to merge staff at The Daily Mirror and celebrity magazine OK! to cut costs, but the move won't result in cutting of roles — Merging of daily newspaper and celebrity magazine employees is latest move by owner, Reach, to cut costs
Reporters Without Borders:
Investigation: how hack-for-hire Appin tried silencing 15+ outlets since 2022 over articles, newsletters, and podcasts covering Appin's “ethical hacking” — Whether based in the US, Switzerland, France or India, any media outlet investigating the “ethical hacking” of Appin …
Discussion:
@rsf_inter and Reporters Without Borders on YouTube, more at Techmeme »
Manuel Roig-Franzia / Washington Post:
An interview with Alsu Kurmasheva of RFE/RL, a seasoned editor and broadcaster who spent months in a Russian prison before being released in a prisoner swap — Russian authorities put Radio Free Europe/Radio Liberty's Alsu Kurmasheva behind bars, but they couldn't outsmart her.
Discussion:
Voice of America, Kathleen Moore on LinkedIn and Freedom of the Press …
Anna Marie de la Fuente / Variety:
NBC News launches its 24/7 streaming service NBC News Now in Latin America in two of its biggest markets, Mexico and Brazil — NBC News' 24/7 streaming platform, NBC News Now, is launching in Mexico and Brazil, Latin America's biggest markets, as it continues to expand across the world.
Discussion:
The Desk and TVNewsCheck
Greg Stohr / Bloomberg:
SCOTUS seeks the US government's views in the $1B copyright fight between Cox Communications and Sony, Warner Music, Universal Music, and other music companies — - Sony among companies suing Cox over customer song downloads — Appeals court tossed out big 2019 jury award against Cox
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