Mediagazer: 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 (Jeff Horwitz/Reuters)

5:25 PM ET, November 6, 2025

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.

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: Ben Colman on LinkedIn, Modern Diplomacy, @wired.com, @psst-org.bsky.social, @jeffhorwitz.bsky.social and The Keyword

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.

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

Discussion: ESPN Press Room U.S., Sports Business Journal, Awful Announcing, Cord Cutters News, Front Office Sports, Defector, Barrett Media, @jeremydstanley.com, Dow Jones Newswires, The Hollywood Reporter, Reuters, CNBC, PennLive and TVNewsCheck

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: @lencombs.bsky.social, Kaitlin Tosh on LinkedIn, @reijer.bsky.social, @eloquence@social.coop, @labourlewis, @streettough, @jonathancohn.bsky.social, @supertanskiii, @peterstefanovi2, @gillmartin.bsky.social, @allrightidiots, @badassmutha.bsky.social, @caroleducky.bsky.social, @altrocks.bsky.social, @ianbetteridge.com, @j4ck.xyz, @jonburkeuk, @editkev.football, @chrislawsnp, @greenpeteru, @geomannie@mastodon.scot, @skynews, @alonso_gd, @stevemnomoremister …, @alxrchrds.bsky.social, Jörg Tittel on LinkedIn, WinBuzzer, @bournemouth4eu.bsky.social, @narindertweets, @lorak.bsky.social, @doctoryak.bsky.social, @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, The Verge, MediaBrief, nScreenMedia, Dexerto, TV Tech, Advanced Television and MediaPost

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

Richard Rushfield / The Ankler:

Analysis: in 2025, only 17% of North America's top 100 highest-grossing films were directed by non-white filmmakers, down from 27% in 2021 and 24% in 2023 — Last week, I had the whim to take a look and see where things stood for female directors in Hollywood.

Discussion: Elle, Variety, People, The A.V. Club, Daily Mail and Screen Rant

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.

Discussion: Meta Newsroom, WinBuzzer and Business Insider

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.

Discussion: Radio & Television …, John Karpinski on LinkedIn, Zachary Claudio on LinkedIn, Inside Radio, Barrett Media and MediaPost

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Lawrence Bonk / Engadget:
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Etan Vlessing / The Hollywood Reporter:
Nexstar reports Q3 revenue down 12.3% YoY to $1.19B and net income down 64% to $65M as ad revenue fell 23.5% to $476M due to lower political ad revenue

Discussion: TVNewsCheck, TheDesk.net, Deadline, Radio & Television …, TVNewsCheck, The Wrap, Barrett Media, Variety and Nexstar Media Group, Inc.

Alex Weprin / The Hollywood Reporter:
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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

Discussion: Variety, Sports Business Journal, Streaming Better, Wall Street Journal, The Wrap, Wall Street Journal and Reuters

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Daniel Thomas / Financial Times:
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Daniel Thomas / Financial Times:
ITV reports January-September 2025 revenue up 2% YoY to £2.8B and digital ad revenue up 15% YoY, but warns the late UK Budget is causing advertiser pullback

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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”

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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”

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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

Discussion: Fortune and @alexeheath.com

From Techmeme:

Helena Horton / The Guardian:
X limits Grok's image generation and editing to paying subscribers after widespread outcry over its use to create sexually explicit and violent imagery

Carmen Arroyo / Bloomberg:
Docs: xAI had a net loss of $1.46B in Q3, up from $1B in Q1; sources: xAI told investors it plans to build AI that will eventually power Optimus humanoid robots

Shirin Ghaffary / Bloomberg:
OpenAI is rolling out a HIPAA-compliant version of ChatGPT for clinicians to assist with medical reasoning and administrative tasks, at Cedars-Sinai and others

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