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2:55 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
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.
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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: @wired.com and The Keyword
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.
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 …
C.J. Robinson / Columbia Journalism Review:
Tow Center identifies eight X bot accounts that use X's AI Note Writer API to write between 5% to 10% of the Community Notes visible to the public each day  —  Eight AI bots contribute about 10 percent of the platform's “Community Notes.”  —  Last month, videos of the No Kings protests circulated online among extensive news coverage.
Erik Torenberg / a16z:
a16z announces an eight-week new media fellowship for people with a record of creating “impactful content” via newsletters, podcasts, communities, and more  —  The a16z New Media Fellowship is an 8-week program and community for operators, creators, and storytellers shaping the future of media.
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.
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 …
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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