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9:30 PM ET, October 29, 2025

Mediagazer

 Top News: 
Todd Spangler / Variety:
Alphabet reports YouTube's Q3 ad revenue rose 15% YoY to $10.26B, vs. $10.01B est., and Google's advertising revenue reached $74.18B, up from $65.85B a year ago  —  YouTube, the internet's biggest video streaming platform, continues to flex its muscles as an advertising powerhouse …
RELATED:
Alex Heath / Sources:
Sources: YouTube reorganizes its leadership team, with three product teams reporting to CEO Neal Mohan, and announces a “voluntary exit program” for US staff  —  Neal Mohan's internal memo about YouTube's “next frontier” and opt-in layoffs.  —  ∙ Paid
Todd Spangler / Variety:
YouTube reorganizes its product group, naming Christian Oestlien as head of all subscription products, including YouTube TV, Music, and Premium  —  YouTube is making a significant reorganization to its product teams, with veteran exec Christian Oestlien taking the reins of a newly created group housing …
Discussion: Billboard and The Wrap
Jonathan Vanian / CNBC:
Meta reports Q3 revenue up 26% YoY to $51.2B vs. $49.4B est., net income down 83% to $2.7B due to a $15.9B one-time income tax charge; META down 6%+ after hours  —  Here's how the company did, compared with estimates from analysts polled by LSEG:  — Earnings per share: $7.25 adj. vs. $6.69 estimated
RELATED:
Todd Spangler / Variety:
Paramount Skydance lays off ~1,000 staff, mostly in the US; in a memo, David Ellison says the cuts “are necessary to position Paramount for long-term success”  —  Paramount Skydance, aiming to get leaner and meaner, today is laying off about 1,000 employees, mostly in the U.S. David Ellison …
RELATED:
Los Angeles Times:
Sources: Paramount layoffs will affect CBS, CBS News, and cable channels including MTV and Comedy Central
Pooja Rajkumari / TheStreet:
Crypto media company Blockworks is closing its newsroom, launched in 2021, and will focus on software and data, continuing its main newsletters and podcasts  —  Founded in 2017, the crypto media outlet says the move marks the next phase of its growth.  —  Blockworks, a leading crypto media company …
Zachary Leeman / Mediaite:
The Times of London says its “reporter had been misled by an individual falsely claiming to be” Bill de Blasio; it took down its story after two hours  —  The Times of London was duped by a Bill De Blasio impersonator, with the former New York City mayor saying he was “appalled” to see the false quotes published.
Ana Marie Cox / Talking Points Memo:
Patron-supported journalism, including newsletters on platforms like Patreon and Substack, offers only a precarious income for many journalists  —  Writing about the failure of patron-supported journalism is itself a kind of confession.  It hasn't worked for me, and I struggle to weigh my guilt around that …
Sara Fischer / Axios:
Apollo Global reaches a deal to sell AOL to Bending Spoons, sources say in a deal valued at ~$1.5B; AOL has about 30M MAUs across its email and web properties  —  Apollo Global Management has reached a deal to sell AOL to Italian tech holding group Bending Spoons in a deal valued at roughly $1.5 billion, Axios has learned.
Simon Goodley / The Guardian:
The Telegraph's sale to RedBird Capital faces new controversy after the paper linked RedBird's John Thornton to Chinese leader and suspected spy chief Cai Qi  —  Media group's own paper publishes photo of RedBird Capital chair with alleged spy ring chief  —  The sale of the Telegraph Media Group …
Jess Weatherbed / The Verge:
YouTube is using AI to upscale videos uploaded at between 240p and 720p to HD on TV screens, but users can opt out, and plans 4K upscaling “in the near future”  —  The platform is optimizing its TV experience with new resolution upscaling and shopping features.
Gene Park / Washington Post:
Nintendo plans to release the soundtrack for The Legend of Zelda on vinyl globally, a year after launching its own music app, as it seeks to expand beyond games  —  A “Breath of the Wild” vinyl release is another sign that Nintendo wants to be a broader entertainment company.
 
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 More News: 
Matthew Keys / TheDesk.net:
Fubo and Hulu with Live TV complete their merger; Fubo CEO David Gandler will be the CEO of the new combined company, also called Fubo, with 6M+ customers
The Verge:
Grokipedia hands-on: many articles clone Wikipedia, but deviate significantly on topics Elon Musk cares about, with inaccuracies on some scientific topics
Winston Cho / The Hollywood Reporter:
A US judge turns down Dr. Phil's bid to proceed under Chapter 11 bankruptcy for his media startup Merit Street and converts the case to a Chapter 7 liquidation
Financial Times:
John Malone steps down as chair of F1 owner Liberty Media and Liberty Global; he remains the shareholder with the most voting rights
The Hollywood Reporter:
Sources detail how Paramount's Taylor Sheridan partnership fell apart, even as NBCU's Donna Langley courted him; Paramount never made an offer to retain him
 Earlier Picks: 
Hanaa' Tameez / Nieman Lab:
RISJ survey across 24 countries: news creators and influencers gain more attention in countries with struggling traditional media and high social media usage
Trishla Ostwal / Adweek:
Some ad buyers say brands are increasingly spending on Reddit due to the site's prominence in AI-powered search results and its growing audience
Discussion: Benzinga and Implicator.ai
 

 
From Techmeme:

Kurt Wagner / Bloomberg:
Sources: Meta is considering deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January

Kif Leswing / CNBC:
Apple says general counsel Kate Adams and policy chief Lisa Jackson will retire, and Jennifer Newstead, Meta's former chief legal officer, will replace Adams

Will Oremus / Washington Post:
Two studies suggest AI chatbots can shift political views more effectively than TV campaign ads, especially by presenting many claims, regardless of accuracy
 
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