Top News:
Dade Hayes / Deadline:
AMC Networks says it is reducing its 1,800 person workforce by “less than 5%” through voluntary buyouts — AMC Networks, which is continuing to navigate the transition from linear TV to streaming, is shedding less than 5% of its global workforce of 1,800 employees via voluntary buyouts.
Discussion:
TVNewsCheck, Advanced Television, The Streamable, The Wrap, Streaming Better and Variety
RELATED:
Georg Szalai / The Hollywood Reporter:
AMC Networks reports revenue down 6.3% YoY to $561.7M, operating income down 40.7% to $55.5M, streaming revenue up 14% to $174M, and 10.4M streaming subscribers — The company, led by CEO Kristin Dolan, posted its third-quarter results. — AMC Networks, the company behind such cable channel brands …
Discussion:
Media Play News and Deadline
Brier Dudley / Local News Initiative:
How three Northwest newspapers have remained independent and avoided closure: selling to employees, diversifying print operations, and nurturing future owners — As independent newspapers shutter across the U.S., a handful of Northwest publishers defy the trend.
Discussion:
What's New in Publishing
Associated Press:
Farmers' Almanac, first printed in 1818, says its 2026 edition will be its last, citing financial challenges; access to the online version will end in December — Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. Share
Washington Post:
A look at Bari Weiss' first month at CBS News, as staffers express concern over unclear lines between the Free Press and CBS, disparate layoff impacts, and more — The opinion journalist took over as editor in chief in October, launching a new era for the network amid layoffs, confusion and shifting expectations.
Bailey Lipschultz / Bloomberg:
Trump Media reports Q3 net sales down 3.8% YoY to $972.9K and a net loss of $55M, up from $19M in Q3 2024; its stock is down 70% from a January high — Less than one year into Donald Trump's second term and the post-election ebullience has evaporated from shares of his social media company …
Discussion:
Forbes, Reuters, Blockonomi, Amazon Web Services, Inc., Decrypt and Media Play News
Paul Sandle / Reuters:
ITV says it is in preliminary talks to sell its media and entertainment division to Comcast's Sky for £1.6B, a deal that would require regulatory approval — - ITV says in preliminary talks over M&E division sale — Sale would be for free-to-air channels and streaming platform
Discussion:
Sky News, The Guardian, The Times, Telegraph, The Wrap, The Drum, The Standard, Financial Express, Screen, Decode TV, The Guardian, Dow Jones Newswires, BBC, TVNewsCheck, Proactive, RTÉ, The Independent, Wall Street Journal, City A.M., BusinessCloud, Variety, The Sun, Deadline, Mirror, Bloomberg, Advanced Television, Gamereactor UK, The Hollywood Reporter, TVBEurope, Broadband TV News and campaignlive.co.uk
Allegra Kirkland / Talking Points Memo:
A former Teen Vogue editor reflects on the magazine's legacy as a point of entry for early-career journalists and the pressure it faced not to cover politics — If you just skimmed the press release, you wouldn't really get the scale of it. On Monday, Vogue.com announced that Teen Vogue …
Discussion:
@chrisburkeshay, @thewrap, The Free Press, @cabridges.bsky.social, @joshtpm.bsky.social, @leximcmenamin.com, @lockdownyourlife.com, @melissagiragrant.com, @andreachalupa.bsky.social, twitchy.com, UnHerd, Allegra Kirkland on LinkedIn, Andrea Riquier on LinkedIn, Jennifer Yeko on LinkedIn, Madeline McGee on LinkedIn, Laid Off and Semafor
Jake Bleiberg / Bloomberg:
WaPo says it was impacted by a series of breaches involving Oracle's E-Business Suite, whose flaws were exploited by a ransomware gang — The Washington Post was impacted as part of a series of breaches involving a popular Oracle Corp. product, the newspaper company said on Thursday.
Discussion:
TechCrunch, Reuters, Silicon UK and Security Affairs
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 …
Julian Wyllie / Current:
Boston's GBH plans to cut 15 positions by January, the fourth round of layoffs in 2025; GBH was set to receive 8% of its budget, or ~$18M, in federal funding — GBH in Boston announced Thursday that it is cutting 15 positions in its finance, marketing, technology and children's programming departments.
Discussion:
The Boston Globe
Allison Smith / Modern Retail:
Shopify joined Substack in October, the latest and the biggest company to do so and a sign that brands take Substack seriously as a marketing channel — American Eagle. Rare Beauty. The RealReal. These are some of the biggest brands that have, within the past year, launched their own Substack newsletters.
Discussion:
Allison Smith on LinkedIn
