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5:48 PM ET, November 6, 2025

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 Top News: 
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 …
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 …
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:
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
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.
Etan Vlessing / The Hollywood Reporter:
Lionsgate reports Q2 revenue down 21% YoY to $475.1M, net loss of $113.5M, vs. $163.3M a year earlier, $276.4M in motion picture revenue, $198.7M in TV revenue  —  The Hollywood major released its latest financial results as a standalone film and TV studios company after splitting from its Starz streaming platform.
Juby Babu / Reuters:
News Corp reports Q1 revenue up 2% YoY to $2.14B, above $2.1B est., Dow Jones revenue up 6% to $586M, and News Media with “strong improvement in profitability”  —  Media conglomerate News Corp (NWSA.O) beat Wall Street estimates for first-quarter revenue on Thursday …
Discussion: The Wrap and News Corp
Suzanne Vranica / Wall Street Journal:
Madison & Wall: US ad spending is expected to grow 8.5% this year to $435.22B and Meta, Google, and Amazon are projected to account for 56% of the US ad market  —  An increase in targeted ads helps fuel revenue growth, easing some concern about the technology  —  Big tech is spending big on artificial intelligence.
Discussion: TVNewsCheck
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.
Aisha Malik / TechCrunch:
Meta launches Vibes, its short-form video feed of AI-generated videos, in Europe through the Meta AI app, following its US debut six weeks earlier  —  Meta announced on Thursday that Vibes, its short-form video feed of AI-generated videos, is launching in Europe in the Meta AI app.
 
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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”
 

 
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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