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7:30 PM ET, October 30, 2025

Mediagazer

 Top News: 
John Melloy / CNBC:
Netflix announces a 10-for-1 stock split, after its shares boomed over the last three years to above $1,000 a share  —  Netflix announced a 10-for-1 stock split, a move that changes nothing fundamentally about the company, but could make the pricey individual shares more accessible to the retail investor.
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Reuters:
Sources: Netflix is exploring a bid for WBD's studio and streaming business and has tapped investment bank Moelis & Co to evaluate a prospective offer  —  - Netflix hires Moelis & Co for Warner Bros Discovery bid evaluation  — Sarandos confirms no interest in legacy media networks like CNN
Bill de Blasio / The Nation:
Ex-NYC mayor Bill de Blasio says people must demand better journalism after The Times of London failed to meet basic standards of confirming identity  —  The Times of London failed to meet even the basic standards journalism.  We should demand better from our media.
RELATED:
Brendan Ruberry / Semafor:
A man named Bill DeBlasio, quoted in a Times story as ex-NYC mayor de Blasio, says he just played along in response to Times' email and used ChatGPT to respond  —  The Scoop  —  The man at the heart of a high-stakes mix-up that rippled through global political journalism in the final days …
Loree Seitz / The Wrap:
Apple reports Q4 revenue from Services, which includes the App Store, Apple Pay, Apple TV, Apple Music, and iCloud, up 15% YoY to $28.75B, vs. $28.17B est.  —  Services revenue grew 15% in the period, outpacing iPhone sales  —  Apple posted fiscal fourth-quarter earnings and revenue …
Lucas Manfredi / The Wrap:
Amazon reports Q3 ad revenue up 24% YoY to $17.7B and subscription services revenue up 11% YoY to $12.6B  —  Sales for subscription services, which includes Prime Video, grew 11% to $12.6 billion during the quarter  —  Amazon shares surged 9% on Thursday as the tech giant smashed Wall Street expectations …
Jonathan Vanian / CNBC:
Reddit reports Q3 revenue up 68% YoY to $585M, vs. $546M est., and daily active uniques up 19% to 116M, vs. 114M est.; RDDT jumps 5%+ after hours  —  Reddit reported third-quarter earnings on Thursday in which the company beat on the top and bottom, but the company saw its user growth for logged-in users slow down once again.
Liam Scott / Columbia Journalism Review:
Q&A with Isaac Chotiner, who has been called the “interview assassin”, on why he likes Q&A's, how he structures them, why he points out contradictions, and more  —  If Isaac Chotiner comes calling for an interview, is it best to just hang up?
Katherine Sayre / Wall Street Journal:
Audiochuck signs a deal, a source says worth $150M, with Fox to put the Crime Junkie video podcast on Tubi; Fox One and Tubi will distribute Audiochuck podcasts  —  The true-crime podcast maker Audiochuck has signed a deal with Fox Corp.'s FOXA 4.57%increase; green up pointing triangle Tubi Media Group …
RELATED:
Connor Hart / Wall Street Journal:
Fox reports Q1 revenue up 4.9% YoY to $3.74B and profit of $599M, down from $827M in Q1 2025; TV unit ad revenue rose 6% YoY to $1.07B, driven by Tubi
Glenn Peoples / Billboard:
Universal Music Group reports Q3 revenue of €3.02B, up 5.3% YoY, beating €2.92B estimated, slow streaming revenue growth, and physical sales revenue up 18.4%  —  The KPop Demon Hunters soundtrack, Sabrina Carpenter and Morgan Wallen help propel UMG to solid gains — if the euro's strength against the U.S. dollar is ignored.
RELATED:
Marc Schneider / Billboard:
UMG and Stability AI announce a partnership to develop music creation tools powered by “responsibly” trained AI
Katherine Sayre / Wall Street Journal:
UMG partners with AI music generator Udio to launch a subscription service for creating music with licensed songs in 2026, in part to settle a copyright lawsuit
Joe Flint / Wall Street Journal:
A look at YouTube TV's terms in negotiations with Disney and others; sources say YouTube wants one- or two-year deals, below the three-to-five-year deal norm  —  The Google-owned pay-TV service also is in a dispute with Univision  —  YouTube TV has become an 800-pound gorilla in the media business.
Sara Fischer / Axios:
Puck acquires Air Mail, the startup founded by Graydon Carter; source: Carter and co-editor Alessandra Stanley will step down as part of the stock-and-cash deal  —  Subscription newsletter company Puck has acquired Air Mail, the digital media startup founded by magazine veteran Graydon Carter, Puck confirmed to Axios on Thursday.
Discussion: New York Times, The Wrap and Breaker
David Folkenflik / NPR:
A federal judge sets a December date for a bench trial in NPR's lawsuit claiming the CPB yanked away a planned $36M contract under intense White House pressure  —  NPR's lawsuit against its decades-long partner, the Corporation for Public Broadcasting, is headed for trial in December, a federal judge ruled Thursday.
 
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 More News: 
Sophie Culpepper / Nieman Lab:
The Salt Lake Tribune launches The Southern Utah Tribune, a free monthly newspaper, its latest local news product after a Cache Valley newsletter and Moab paper
Jess Weatherbed / The Verge:
OpenAI's Sora app adds new features, including “character cameos” to create AI deepfakes of pets, illustrations, and more, clip stitching, and leaderboards
 Earlier Picks: 
Kendra Barnett / Adweek:
Alphabet passed $100B in quarterly revenue for the first time, in Q3; Sundar Pichai says “AI Overviews drive meaningful query growth” and AI Mode has 75M DAUs
Lillian Rizzo / CNBC:
Comcast reports NBCU Q3 revenue down 20% YoY to $6.6B, EBITDA up 28% to $832M, 41M Peacock subscribers, and a $217M Peacock loss, down from a $436M loss YoY
Erik Wemple / New York Times:
A profile of Shirish Dáte, a White House reporter for HuffPost, whose treatment by top Trump officials stands out, with regular insulting and disparaging texts
Dominic Patten / Deadline:
Disney and YouTube settle their legal dispute over YouTube's hiring in May of former Disney executive Justin Connolly to be global head of media and sports
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”
 

 
From Techmeme:

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

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

A.J. Vicens / Reuters:
US and Canadian authorities warn that Chinese hackers are using the Brickstorm malware to install backdoor access within unnamed government and IT entities
 
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