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7:20 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 …
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 …
Brianna Tucker / Washington Post:
An NC Republican Party spokesman appeared to threaten ProPublica, citing party ties to Trump's administration, and tried to coerce the outlet to kill a story  —  Communications director Matt Mercer later says in a social media post that Trump should “feed ProPublica to the USAID wood chipper.”
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.
RELATED:
Sarah Perez / TechCrunch:
Bluesky says it has hit 40M users and plans to launch “dislikes” in beta to tailor content rankings and reply rankings  —  Social network Bluesky, which on Friday announced a new milestone of 40 million users, will soon start testing “dislikes” as a way to improve personalization on its main Discover feed and others.
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
Andrew Deck / Nieman Lab:
An analysis of AI training datasets, compiled by The Atlantic, shows AI models were trained on hundreds of thousands of YouTube videos from news publishers  —  YouTube channels from major news publishers and creators were in video data sets used by Microsoft, Meta, Snap, Runway AI, and Bytedance.
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: 
Kritika Lamba / Reuters:
Getty and Perplexity sign a multi-year licensing agreement to let the AI startup display Getty's images across its search and discovery tools
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
Discussion: Mediaweek
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
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.
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
 

 
From Techmeme:

Bloomberg:
iRobot files for Chapter 11 bankruptcy and reaches a restructuring agreement to hand over control to its secured lender and main Chinese supplier Shenzhen Picea

Financial Times:
DTCC: credit default swaps tied to a handful of US tech groups have climbed 90% since early September, as investors seek ways to protect against an AI debt bust

Financial Times:
Sources: the UK government wants Apple, Google, and others to block explicit images at the OS level by default to protect kids and have adults verify their ages
 
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