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9:50 AM ET, October 30, 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 ad revenue reached $74.18B, up from $65.85B in Q3 2024  —  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
Discussion: Billboard and The Wrap
Liam Scott / Columbia Journalism Review:
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 …
RELATED:
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
Marc Schneider / Billboard:
UMG and Stability AI announce a partnership to develop music creation tools powered by “responsibly” trained AI  —  Following its Udio pact, the label group says it will team up with Stability AI to build AI tools that are “trained responsibly” and with proper licensing.
RELATED:
Katherine Sayre / Wall Street Journal:
Karissa Bell / Engadget:
Mark Zuckerberg says Threads has 150M DAUs, up from 100M+ in December 2024, and Meta has rolled out ads globally in the Threads feed with plans to add video ads  —  Ads in the Threads feed have rolled out globally and video ads are on the way.  —  Threads has grown to 150 million daily active users.
RELATED:
Jaspreet Singh / Reuters:
Meta recorded a $15.93B one-time income tax charge related to Trump's Big Beautiful Bill, and expects 2025 capex of $70B-$72B, up from its $66B-$72B forecast
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 …
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  —  Users can now create character cameos and combine clips together to make longer multi-scene videos.
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  —  “A Notice of Settlement of Entire Case has been filed in this case,” said an order placed in the Los Angeles Superior Court docket Wednesday.
Erik Wemple / New York Times:
Los Angeles Times:
Sources: Paramount layoffs will affect CBS, CBS News, and cable channels including MTV and Comedy Central  —  - Paramount began laying off 1,000 workers this week with another 1,000 planned later on as new owners pursue $2 billion in expense cuts across the company.
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”
 
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 More News: 
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
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
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
 Earlier Picks: 
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
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
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
 

 
From Techmeme:

Bailey Lipschultz / Bloomberg:
SpaceX raises $75B in the biggest-ever IPO, after selling 555.6M shares at $135 each, giving it a market value of $1.77T

Maxwell Zeff / Wired:
Anthropic backtracks on its decision to quietly limit Fable 5's ability to develop LLMs, saying “requests will visibly fall back to Opus 4.8”, after backlash

Wall Street Journal:
Sources: OpenAI is considering drastically lowering the prices it charges users for tokens in anticipation of similar cuts the startup expects Anthropic to make

 
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