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1:45 PM ET, November 6, 2025

Mediagazer

 Top News: 
Tony Maglio / The Hollywood Reporter:
ESPN announces DraftKings as the new sports betting partner for ESPN Bet, effective December 1 with a “full rollout expected in 2026”  —  That was a short-lived exit.  —  Remember when ESPN was exiting the online sports-betting business an hour ago?  Not anymore.
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Christopher Palmeri / Bloomberg:
Disney and Penn Entertainment agree to end ESPN Bet on December 1, after failing to capture significant market share; they signed a 10-year, $2B deal in 2023  —  Walt Disney Co. and Penn Entertainment Inc. agreed to mutually end their ESPN Bet sports-betting venture on Dec. 1 after failing to capture a significant market share.
Jeff Horwitz / Reuters:
Docs: Meta projected in December 2024 that 10.1% of its 2024 revenue, or $16B, came from ads for scams and banned goods, including ~$7B from “higher risk” ads  —  Meta projected 10% of its 2024 revenue would come from ads for scams and banned goods, documents seen by Reuters show.
RELATED:
Craig Silverman / Wired:
A look at CollectiveMetrics.org, a new nonprofit founded by two ex-Meta ad executives that aims to bring more transparency to digital advertising to fight scams  —  Rob Leathern and Rob Goldman, who both worked at Meta, are launching a new nonprofit that aims to bring transparency to an increasingly opaque …
Discussion: The Keyword
Max Tani / Semafor:
Sources: Condé Nast fired four staffers who were among a group of over a dozen that confronted its HR head over the Teen Vogue closure and other recent cuts  —  The Scoop  —  Condé Nast abruptly fired four staffers who were among a group of more than a dozen employees …
Sky News:
Investigation: X amplifies right-wing and extreme political content in the UK, as Elon Musk endorses fringe politicians and encourages nationalist sentiment  —  For nine months, Sky News' Data and Forensics team has been investigating whether X's algorithm amplifies right-wing and extreme content.
Daniel Thomas / Financial Times:
Sources: RedBird Capital taps Apollo to provide the debt for its £500M Telegraph takeover, ahead of a UK decision over whether to refer the deal to Ofcom  —  US buyer secures funding ahead of government decision on referring takeover to regulators  —  RedBird Capital Partners has lined …
Discussion: Telegraph and City A.M.
Etan Vlessing / The Hollywood Reporter:
Nexstar reports Q3 revenue down 12.3% YoY to $1.19B and net income down 64% to $65M as ad revenue fell 23.5% to $476M due to lower political ad revenue  —  The latest financial results follow Nexstar unveiling a deal with smaller rival Tegna to merge its local TV stations amid the continuing consolidation of the U.S. broadcast sector.
Alex Weprin / The Hollywood Reporter:
Cable company Altice changes its name to Optimum Communications and will change its NYSE ticker symbol to OPTU on November 19  —  The cable company (which was once called Cablevision) will begin trading under the ticket OPTU later this month.  —  The cable company Altice …
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 …
RELATED:
Jonathan Vanian / CNBC:
Snap reports Q3 revenue up 10% YoY to $1.51B, above $1.49B est., DAUs up 8% YoY to 477M, above 476M est., and announces a $500M share buyback; SNAP jumps 23%+
 
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 More News: 
Alex Simon / SFGATE:
Apple's MLS broadcasts stand out for their graphics, on-site crews, and global audience focus, as one Apple exec says sports viewing currently “kind of sucks”
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”
 Earlier Picks: 
Oliver Darcy / Status:
McClatchy is eliminating its real-time national news operation, closing its Washington bureau, and withdrawing from the White House press pool
 

 
From Techmeme:

Caroline Haskins / Wired:
The AI boom is driving an unprecedented wave of data center construction, but there aren't enough skilled workers in the US, such as electricians, to keep up

Rob Copeland / New York Times:
A look at Michael Saylor's Strategy, known for buying bitcoin via creative financing strategies, as its stock trades way below its peak amid the crypto downturn

Christopher Mims / Wall Street Journal:
TrendForce: data centers will use 70%+ of the high-end memory chips all manufacturers will produce in 2026, with little new manufacturing capacity until 2027
 
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