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3:45 PM ET, October 31, 2025

Mediagazer

 Top News: 
Todd Spangler / Variety:
Memo from Disney execs: YouTube pulled Disney channels before the expiration time of the carriage deal with “no advance notice to their subscribers, or to us”  —  Disney top brass told the troops that the media company's leaders are going to continue to fight for a “fair deal” …
RELATED:
Ben Schoon / 9to5Google:
Disney networks including ABC and ESPN go dark on YouTube TV after the two sides failed to reach a new carriage deal  —  YouTube TV customers have lost access to ABC, ESPN, and other Disney-owned channels this evening as a contract between Google and Disney failed to reach a renewal in negotiations …
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.
Justin Baragona / The Independent:
CBS has cut two streaming shows, disbanded its race and culture unit, eliminated the Johannesburg bureau; all eight on-air correspondents cut were women  —  EXCLUSIVE: Multiple sources told The Independent that senior foreign correspondent Debora Patta was added to the layoff list following …
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
Ethan Sandweiss / Indiana Public Media:
Jim Rodenbush, Indiana University's former director of student media, is suing the school, after he was fired when he refused to pull news from the school paper  —  Former director of student media Jim Rodenbush is suing Indiana University for wrongful termination.
Discussion: Indiana Daily Student
RELATED:
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 …
Michelle Kim / Rest of World:
A look at the rising popularity of virtual K-pop stars, usually created by artists wearing motion sensor suits, and the labor rights questions they raise  —  In an industry studded with megastars like BTS and Blackpink, virtual idols are building powerful new fandoms even while their true identities remain obscured.
Discussion: @restofworld.org
 
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 More News: 
Bill Grueskin / @bgrueskin.bsky.social:
Trump Media & Technology drops its $1.5B defamation lawsuit filed in 2023 against 20+ media outlets for misreporting that Truth Social lost $73M in 2023
 Earlier Picks: 
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
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
Todd Spangler / Variety:
Roku beats expectations with Q3 net income of $24.8M, vs. a net loss of $35.8M a year ago, and revenue of $1.21B, up 14% YoY; total streaming hours rose 12% YoY
 

 
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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