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9:30 AM ET, November 6, 2025

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 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.
RELATED:
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.
Todd Spangler / Variety:
Amazon signs a deal that gives its DSP access to iHeartMedia's streaming music and livestream radio now and to its podcasts and broadcast radio stations in 2026  —  Amazon is letting advertisers get their audio spots in front of more ears through an expanded pact with iHeartMedia for programmatic ads.
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: City A.M.
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%+
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”  —  How Apple's deal with Major League Soccer is changing the sports television game  —  As the first company to hit …
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: TVNewsCheck, @ellenychang and The Wrap
Todd Spangler / Variety:
Sinclair reports Q3 revenue down 16% YoY to $773M and $1M net loss, vs. a $94M net income YoY; 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 Heath / Sources:
Inside Kalshi's NYC HQ on election night, as it handled ~$100M in mayoral race trades that day, calling it for Zohran 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: Fortune and @alexeheath.com
 
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 More News: 
Oliver Darcy / Status:
McClatchy is eliminating its real-time national news operation, closing its Washington bureau, and withdrawing from the White House press pool
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
 Earlier Picks: 
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
Jazz Tangcay / Variety:
IMDb adds 12 new professional credit categories, including intimacy coordination, choreography, craft services, puppetry, and voice actor dubbing
Todd Spangler / Variety:
Paramount signs a deal with Professional Bull Riders to make Paramount+ the primary streamer for the PBR Unleash the Beast tour, after a similar deal with UFC
 

 
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

A.J. Vicens / Reuters:
US and Canadian authorities warn that Chinese hackers are using the Brickstorm malware to install backdoor access within unnamed government and IT entities

Casey Newton / Platformer:
A look back at five years of Meta's Oversight Board, whose rulings on the relatively small number of cases it hears have generally had limited impact
 
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