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4:45 PM ET, October 28, 2019

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RELATED:
Wall Street Journal:
AT&T reaches a truce with activist investor Elliott Management, agrees to regular share buybacks, new directors, no more major M&A, and more in three year plan  —  Elliott had challenged telecom giant's strategy; AT&T commits to regular share buybacks, plans to avoid major acquisitions
Todd Spangler / Variety:
AT&T says it will spend $1.5B-$2B on HBO Max in 2020 and $1B per year in both 2021 and 2022, expects profitability in year four  —  AT&T is telling investors it has the intestinal fortitude to win in the streaming wars — even as its traditional TV business continues to crumble.
Discussion: Ad Age, Fortune, @xpangler, Engadget and The Wrap
Reeves Wiedeman / New York Magazine:
Deep dive inside Condé Nast amid years of drama, downsizing, and shakeups sheds light on Anna Wintour and others' struggle to revert falling influence and sales  —  “It's dreadful,” Anna Wintour said in early October, looking out the south-facing windows of her 25th-floor office …
Maxwell Tani / The Daily Beast:
G/O Media memo to staff says “Deadspin will write only about sports” and to focus 100% of resources on sports; the site also covered politics, culture, and more  —  Sports—and sports alone—must be “the sole focus” of the website, new management said Monday in a memo obtained by The Daily Beast.
RELATED:
Deadspin:
Deadspin staff tell readers they are “as upset with the current state of our site's user experience as you are” regarding autoplay videos  —  We have received a great deal of feedback from you, our readers, about the sound-on autoplay videos that have been inundating our sites.
Judd Legum / Popular Information:
How Ben Shapiro's massively popular right-wing site The Daily Wire gets promoted in an inauthentic, coordinated manner by 14 Facebook pages followed by millions  —  This is the online version of the Popular Information newsletter.  You can get independent accountability journalism in your inbox every week.
Justine Coleman / The Hill:
WaPo drew backlash for its digital headline on an obit of ISIS's Abu Bakr al-Baghdadi, calling him an “austere religious scholar”; the headline has been changed  —  The Washington Post changed the headline on its obituary for ISIS leader Abu Bakr al-Baghdadi after initially calling him an …
Theodore Schleifer / Vox:
Spotify says its CFO Barry McCarthy, who pioneered the direct listing model for IPOs, is leaving in January and will rejoin Spotify's board  —  Spotify CFO Barry McCarthy is leaving the company in January.  —  Barry McCarthy, the pioneer behind a novel method to take companies public …
Discussion: @teddyschleifer and New York Times
RELATED:
Spotify:
Spotify Q3: paid subs rose 31% YoY to 113M; MAUs grew 30% YoY to 248M; revenue up 28% YoY to €1.73B; net income of €241M, up from €43M YoY; stock closes up 16%
Ben Lindbergh / The Ringer:
With WaPo's new vertical Launcher, mainstream coverage of video games may finally overcome the “generational myopia” that excluded gaming from culture sections  —  With its new vertical Launcher, The Washington Post is the latest big outlet to dedicate resources to covering video games in a comprehensive manner.
Discussion: @genepark and @latoyapeterson
Darrell Etherington / TechCrunch:
Nvidia unveils new $149 Shield TV and $199 Shield TV Pro with a faster Tegra X1+ processor, AI-based 4K upscaling, Dolby Vision HDR, and Dolby Atmos support  —  Nvidia has a new family of Android TV-based streaming devices, as tipped early via a couple of leaks from online stores.
Piya Sinha-Roy / Hollywood Reporter:
Discussion: The Playlist and Business Insider
 
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 More News: 
Anthony Ha / TechCrunch:
NBCUniversal launches its ShoppableTV ad unit, which displays QR codes during TV shows that take viewers to ecommerce sites, across its unscripted programming
Discussion: Broadcasting & Cable
The Guardian:
BBC presenter Samira Ahmed launches equal pay case, says she was paid £440/episode for Newswatch while Jeremy Vine was paid £3,000/show for Points of View
 Earlier Picks: 
Fred Nicolaus / Business of Home:
Profile of Food52, a media and ecommerce platform majority-owned by The Chernin Group that began as a recipe blog and now sells a wide range of home products
Nieman Lab:
Reuters Institute: how Rappler, Daily Maverick, and The Quint are retreating from engaging audiences at-scale via social media to build stronger communities
Paul Farhi / Washington Post:
Trump's South Lawn press gaggles, of which there have been 75, allow him to grab the spotlight while marginalizing the press