Top News:
Ben Mullin / @benmullin:
Axios co-founder Jim VandeHei announces cuts affecting 19 people on its product, tech and design teams — Axios co-founder Jim VandeHei announces cuts affecting 19 individuals on the product, tech and design teams, per note. “This is a difficult, but necessary, move to meet our evolving tech strategy.”
Discussion:
The Wrap and @ellenychang
Bloomberg:
Snap announces a deal to distribute Perplexity's search engine to Snapchat users; Perplexity will pay Snap $400M through a combination of cash and equity — Snap Inc. shares surged more than 25% in extended trading after the company announced a $400 million partnership with Perplexity AI Inc …
Discussion:
Silicon Republic, The Indian Express, Business Insider, Digit, Moneycontrol, Snap Inc., NextBigWhat, BMI, Social Media Today, The Information, Financial Times, Deadline, SiliconANGLE, Search Engine Journal, Wall Street Journal, @shiraovide.bsky.social, The Hollywood Reporter, Engadget, Benzinga and The Verge, more at Techmeme »
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Alex Sherman / CNBC:
Sources: WBD is exploring strategic alternatives, including a possible split or sale of the entire company, with a public decision expected by Christmas — Paramount Skydance has a clear holiday wish this year: acquiring Warner Bros. Discovery. Fittingly, it may have to wait until Christmas to find out if Santa Zaslav delivers.
Discussion:
Awful Announcing, The Wrap, @sherman4949, Sports Media Watch, TheDesk.net and Media Play News
Flora Garamvolgyi / The Guardian:
Hungarian journalists raise concerns after a pro-Orbán media group bought Blikk, the country's most-read tabloid with ~3M online readers per month, from Ringier — Blikk, a tabloid with about 3 million online monthly readers, bought by pro-Orbán media group Indamedia
Rick Porter / The Hollywood Reporter:
Netflix rolls out a new ad metric called monthly active viewers, or MAV, and says it has 190M such viewers across the 12 countries where it offers an ad tier — The streamer is rolling out a stat it calls monthly active viewers. — Netflix is rolling out a new advertising metric …
Oliver Darcy / Status:
McClatchy is eliminating its real-time national news operation, closing its Washington bureau, and withdrawing from the White House press pool — The calendar invite was vague, referring only in general terms to a restructuring update. The team wasn't too taken aback by it; they knew change was coming.
Discussion:
Facebook Groups, American Crisis, @steventdennis, @steventdennis, @andrwfhenderson, @will_doran, @steventdennis, @steventdennis, @steventdennis, @dani__battaglia, @will_doran, @jenns_stories, @dabenner.bsky.social, @hammbear2024.bsky.social, @damon.kiesow.net, @bryancurtis.bsky.social, @dewline.bsky.social, @jeffjarvis.bsky.social, Media Nation, @paulguinnessy.bsky.social, @oliverdarcy.bsky.social, Paramount Press Express, The Christian Post and r/Journalism
Scharon Harding / Ars Technica:
As Google's YouTube TV and Disney continue a contract dispute, customers have lost some access to DVR files and digital movie purchases via Movies Anywhere — In addition to reducing access to popular live content, the corporate conflict is highlighting another frustration in the streaming era.
Discussion:
9to5Google, Android Police, Decode TV, The Verge and nScreenMedia
Katie Robertson / New York Times:
NYT reports 12.33M subscribers in Q3 after adding 460K digital subs, total revenue up 9.5% YoY to $700.8M, and adjusted operating profit up 26.1% YoY to $131.4M — The Times now has 12.33 million total subscribers to all of its products. It has said it is aiming for 15 million by the end of 2027.
Isabella Simonetti / Wall Street Journal:
Letter: the MPA sent Meta a cease-and-desist over Instagram's use of “PG-13” for teen content restrictions, calling it “literally false and highly misleading” — Meta says it never claimed or implied that its teen accounts were officially PG-13 rated or certified by MPA
Todd Spangler / Variety:
Sinclair Q3: revenue fell 16% YoY to $773M, a $1M net loss, vs. net income of $94M a year ago; CEO Chris Ripley calls Disney-Google dispute an “antitrust issue” — Company's ABC affiliates had boycotted ‘Jimmy Kimmel Live!’ in September over host's Charlie Kirk comments
Alex Reisner / The Atlantic:
A profile of nonprofit Common Crawl, which has scraped billions of webpages since 2013, including paywalled ones, to build an archive used by OpenAI and others — “You shouldn't have put your content on the internet if you didn't want it to be on the internet,” Common Crawl's executive director says.
Jazz Tangcay / Variety:
IMDb adds 12 new professional credit categories, including intimacy coordination, choreography, craft services, puppetry, and voice actor dubbing — IMDb has added 12 new professional credits including intimacy coordination, choreography, craft services, puppetry, voice actor dubbing and more.
Alex Heath / Sources:
Inside Kalshi's NYC HQ on election night, as it handled ~$100M in trades on the mayoral race that day, calling it for Mamdani 36 minutes before any media outlet — Election night at Kalshi HQ Inside Kalshi's quiet Manhattan office on election night, co-founder Tarek Mansour showed …
Discussion:
@alexeheath.com
