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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 …
Discussion:
The Independent, Talking Points Memo, The Wrap, Variety, Deadline, The A.V. Club, Allegra Kirkland on LinkedIn, Andrea Riquier on LinkedIn, Jennifer Yeko on LinkedIn, Madeline McGee on LinkedIn, IJR, @courtney@pdx.social, The Wrap, @levinejonathan, @kirk_bado, @goodbyealma, @goodbyealma, @goodbyealma, @goodbyealma, @maxwelltani, @condeunion, @leyrer@23.social, Le·gal In·sur·rec·tion, @jakelahut, @dinfontay.com, @coreyatad.com, @thefrontlist.org, @maxwelltani, @nataliekorach, @nataliekorach, NewsGuild of New York and The Daily Caller
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:
Financial Times, The Wrap, The Guardian and TVNewsCheck
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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.
Discussion:
Variety, Sports Business Journal, Streaming Better, Wall Street Journal, Reuters, The Wrap and Wall Street Journal
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.
Discussion:
Awful Announcing, ESPN Press Room U.S., Front Office Sports, Los Angeles Times, Sports Business Journal, TheDesk.net, TVNewsCheck, The Boston Globe, Boston Herald, Washington Times, ESPN, New Jersey Online, Dallas Morning News, Dow Jones Newswires, iDrop News, Variety, The US Sun, Deadline, The Wrap, Business Insider, Investor's Business Daily, Barrett Media, The Athletic, Sports Video Group, Sportico, PennLive, Lisa Scherzer on LinkedIn, Adweek, New York Post, Sports Media Watch, Axios, TV Tech, The Verge, Fox Business, al.com and CityNews Halifax
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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.
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TechCrunch, Marketing Dive, WebProNews, The Daily Beast, eMarketer, WeRSM, @dylanreeve.com, Ken Palla on LinkedIn, @jeffhorwitz.bsky.social, @thezedwards.bsky.social, CNBC, Engadget, Ars Technica, @mulvihill79, @joshsternberg.com, Forbes, Sherwood News, @occrp, @briankrebs@infosec.exchange, @shiraovide.bsky.social, BonTech Labs, @karlbode.com, @chopaganda.bsky.social, @jvl.org.uk, @jason_kint, @whotargets.me, @agmacdougall, @rtushnet.bsky.social, Mashable, @jonkeegan.com, Ukrainian National News, @cernovich, @girlsreallyrule, The Information, @jason_kint, @mxbernhard.bsky.social, @mattbrown.bsky.social, Sherwood News, @jason_kint, @kyle_a_morse, @petertl.bsky.social and Morningstar, more at Techmeme »
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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:
@peternimmo.bsky.social, @lencombs.bsky.social, Kaitlin Tosh on LinkedIn, @reijer.bsky.social, @labourlewis, @eloquence@social.coop, @peterstefanovi2, @gillmartin.bsky.social, @ianbetteridge.com, @j4ck.xyz, @editkev.football, @greenpeteru, @geomannie@mastodon.scot, @skynews, @alonso_gd, @stevemnomoremister …, @alxrchrds.bsky.social, Jörg Tittel on LinkedIn, @lorak.bsky.social, @doctoryak.bsky.social, @streettough, @jonathancohn.bsky.social, @supertanskiii, @allrightidiots, @badassmutha.bsky.social, @caroleducky.bsky.social, @altrocks.bsky.social, @jonburkeuk, @Fife4Europe@mastodon.scot, @chrislawsnp, WinBuzzer, @bournemouth4eu.bsky.social, @narindertweets, @pickardje.bsky.social, @drjennings.bsky.social, @mrjamesob.bsky.social, @johnnyryan@eupolicy.social, @pre@boing.world, @Natasha_Jay@tech.lgbt, @ottoenglish.bsky.social, @iandunt.bsky.social and @felicityhannah.bsky.social, more at Techmeme »
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, MediaBrief, The Verge, nScreenMedia, Dexerto, TV Tech, Advanced Television and MediaPost
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
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, Yahoo Finance, Wall Street Journal 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.
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