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2:05 PM ET, November 3, 2016


 Top News: 
Profile of Tronc chairman Michael Ferro, who is now tasked with saving the company after Gannett dropped its $683M bid and shares tumbled  —  In April 2012, Lupe Fiasco was on tour in Detroit when he got a phone call from a revved-up businessman named Michael Ferro.
Sharon Churcher / RADAR:
Fox News anchor Megyn Kelly claims former boss Roger Ailes sexually harassed her in new memoir to be released Nov. 15  —  The network's prize anchor drops a bombshell amid contract talks.  Is she ready to go?  —  Fox News star Megyn Kelly has unveiled explosive new charges against the network's founder …
Lucia Moses / Digiday:
Condé Nast's Wired Media Group is launching the Emerging Tech Council, a $4K/year membership program for executives who want to stay ahead of tech trends  —  In the quest for new sources of revenue, publishers have been launching subscription programs and events series.
Nick Kalman / Fox News:
Casting notice goes out for new “up-and-coming” conservative news network, the timing of which suggests Trump TV, but no specific employer is identified  —  Donald Trump denies he is interested in launching a new conservative news venture, but somebody sure is.
Shan Wang / Nieman Lab:
Pew report: 59% of US adults who feel highly attached to their local communities follow local news closely, as do 52% of those who always vote  —  Know your neighbors?  You also probably know something about what's going on down at city hall.  —  Clinton vs. Trump (vs. Johnson vs. Stein vs. McMullin? …
Peter Kafka / Recode:
Growth at Google and Facebook makes up all of the digital ad growth in 2016, some analysts say, as other companies facing shrinking shares  —  Uh-oh!  —  It's finally happening: Advertisers have started moving big chunks of their budgets from traditional media to the internet, and digital advertising is booming.
Hadas Gold / Politico:
NYT deputy politics editor Paul Volpe will join Politico next month as executive editor; current executive editor Peter Canellos will become editor-at-large  —  Big news on the homefront — Peter Canellos is taking on an investigate role and Paul Volpe is joining POLITICO from the New York Times.
Kurt Wagner / Recode:
Facebook's mobile ad business brought in $5.7B in Q3 2016, representing 84% of all the company's ad revenue  —  Facebook beat Q3 earnings estimates Wednesday.  —  Facebook delivered for Wall Street again — and its mobile ad business is driving the bus.  —  The social giant beat earnings …
Nick Denton / Medium:
Nick Denton confirms Gawker Media has settled with Hulk Hogan; three true stories will be removed, and staffers with equity can recoup salary or bonuses
George Slefo / Ad Age:
IAB: search advertising on desktop saw its first-ever decline, falling 12% to $8.9B in first half of 2016, but mobile search advertising grew 105% to $7.4B  —  Digital advertising revenue surged to a new high of $32.7 billion for the first half of 2016, up 19% from last year's record $27.5 billion …
Discussion: @adage, Recode and Poynter
Chris O'Shea / FishbowlNY:
Time Inc. reports Q3 revenue of $750M, down 3% YoY, with digital ad revenue up 63% thanks to Viant acquisition, native ads, and programmatic sales service  —  Time Inc.'s third quarter wasn't great, but it did have some positives.  Although overall revenue was down three percent to $750 million …
Discussion: Media Wire Daily
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 More News: 
Jon Brodkin / Ars Technica:
Department of Justice sues DirecTV and its owner, AT&T, claiming collusion with competitors during carriage talks for Los Angeles Dodgers games
John Ourand / SportsBusiness Daily:
Interview with Richard Sandomir on his 25 years of writing for The New York Times' sports section and his move to obituaries
Oliver Darcy / Business Insider:
Source: CNN has completed investigation into Brazile leak; Jeff Zucker says CNN will not work with TV One again, the network they partnered with for town hall
Ricardo Bilton / Nieman Lab:
Despite digital now accounting for 36% of NYT's overall revenue, Q3 earnings show print losses may be declining too rapidly to offset the slide
 Earlier Picks: 
Lisa Hagen / The Hill:
Trump campaign CEO Stephen Bannon says he will return to alt-right news site Breitbart, where he was executive chairman, when the election is over
Discussion: TheBlaze, The Wrap and BuzzFeed
Kelsey Sutton / Politico:
Wall Street Journal to debut overhauled, slimmed down version of print paper on November 14 and will cut staff from newsroom, including roughly 20 from one team