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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 …
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Alex Weprin / The Hollywood Reporter:
WBD reports Q3 revenue down 6% YoY to $9B, a $148M net loss, $1.2B in debt repayment, streaming subscribers up 16% YoY to 128M, and $2.63B in streaming revenue — The company's streaming business was essentially flat year over year as subs stand at 128 million.
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Reuters:
Sources: Comcast has hired Goldman Sachs and Morgan Stanley to evaluate a prospective offer for Warner Bros. Discovery's studio and streaming businesses — Comcast has retained financial advisors and gained access to financial information as it explores a bid for Warner Bros Discovery's …
Discussion:
Awful Announcing, Financial Times, Variety, The Wrap, The Guardian, Deadline and TVNewsCheck
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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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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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.
Discussion:
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Matthew Keys / TheDesk.net:
A survey of 3,000 people in six countries: streaming viewers average 14 minutes looking for content to watch; 45% say the market is oversaturated with streamers — Streamers value the flexibility and choice that platforms like Netflix, Prime Video and Disney Plus offer them in the breadth …
Discussion:
Gracenote, The Verge, MediaBrief, nScreenMedia, Dexerto, TV Tech, Advanced Television and MediaPost
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.
Discussion:
Meta Newsroom, WinBuzzer and Business Insider, more at Techmeme »
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.
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.
Discussion:
TheDesk.net, Variety, The Wrap, Deadline, Lionsgate Studios and Media Play News
Blake Brittain / Reuters:
The owner of the Entrepreneur magazine sues Meta in California federal court, alleging the company used “at least hundreds” of its works to train AI models — The owner of business magazine Entrepreneur sued Meta Platforms (META.O) in California federal court on Thursday …
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