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11:50 PM ET, October 30, 2025

Mediagazer

 Top News: 
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
RELATED:
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.
Variety:
Sources: Gayle King, who has anchored CBS News' morning show for over a decade, is expected to leave the program next year; her existing contract expires in May  —  Mainstay of network's morning show may shift to different role as contract expiration approaches in May
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.
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
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.
Amanda Meade / The Guardian:
Siobhan McKenna, News Corp's Australian broadcasting chief, is leaving in Q4; she was Lachlan Murdoch's top adviser, including for the family trust case  —  Company's Australian broadcast chief, who was involved in negotiations over Murdoch family's succession plans, to depart media giant
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
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
 
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 More News: 
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
 Earlier Picks: 
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
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
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
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
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

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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