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7:30 PM ET, October 28, 2019

Mediagazer

 Top News: 
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 …
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
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:
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.
Matthew De Silva / Quartz:
Spotify says 14% of MAUs listen to podcasts, podcast hours streamed grew 39% QoQ, and podcast engagement is driving increases in free to paid conversion  —  Spotify's stock price leaped 15% today (Oct. 28) as the music streaming service delivered a surprise profit for its third quarter.
Discussion: CNBC and Complete Music Update
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
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  —  NBCUniversal has been testing out a new ad unit that allows viewers to buy — directly from their phone — products featured on the show they're watching.
 
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 More News: 
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
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