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8:25 AM ET, October 22, 2020


 Top News: 
Meg Whitman and Jeffrey Katzenberg confirm Quibi is shutting down: “Our failure was not for lack of trying; we've considered and exhausted every option”  —  We started with the idea to create the next generation of storytelling and because of you, we were able to create and deliver …
Wall Street Journal:
Sources: Quibi decided to shut down and return $350M in capital to investors rather than trying to prolong the life of the company via another big investment  —  Streaming service designed for mobile users struggled to resonate amid pandemic, crowded marketplace
The Information:
Sources: Jeffrey Katzenberg tried to sell Quibi's catalog to NBCUniversal and Facebook, but both passed
John Whitehouse / Media Matters for America:
Tucker Carlson hosted a former WH speech writer on his Fox News show for a segment attacking NBC News reporter Brandy Zadrozny for basic reporting techniques  —  Zadrozny is just really good at her job  —  During the October 21 edition of his Fox News show, Tucker Carlson hosted Darren Beattie …
Mother Jones:
Former Facebook employees describe tests of News Feed algorithm changes and their impact on left- and right-leaning news sites, with tweaks to favor the right  —  For indispensable reporting on the coronavirus crisis, the election, and more, subscribe to the Mother Jones Daily newsletter.
Rob Walker / Marker:
Profile of Nick Quah, who says Hot Pod, his newsletter about podcasting, has between 20,000 and 25,000 subscribers and earns six figures  —  Nick Quah's newsletter vaulted him from obscurity to industry expert — a formula everyone is now trying to crack  —  It  —  was early November 2014, and Nicholas Quah was irritated.
Janko Roettgers / Protocol:
Netflix to test a 48-hour free streaming event in India, dubbed StreamFest and scheduled for December 4, and may bring the promotion to other countries later  —  Netflix is looking to promote its service with a 48-hour free streaming event, confirmed COO Greg Peters during the company's Q3 2020 earnings call Tuesday afternoon.
Lauren Feiner / CNBC:
Netflix reports Q3 revenue of $6.44B, up 22.7% YoY, vs $6.38B est., and 2.2M paid net adds in Q3 vs 6.8M in Q3 2019 and 10.1M in Q2 2020
AT&T Q3: HBO Max subscribers reach 28.7M and top 57M worldwide with HBO; HBO hits revenue of $1.8B, down 2.1% YoY; Warner Bros. revenue is $2.4B, down 27.7% YoY  —  AT&T touted the growth of WarnerMedia's HBO Max premium streamer, with activations more than doubling in the third quarter to 8.6 million.
Jared Newman / Fast Company:
Descript, which offers a simple podcast editing tool, expands into video editing, letting users edit videos by rearranging a transcript  —  For the past few years, Descript has offered an intuitive way to edit podcasts, letting you cut, paste, and delete from a written transcript to modify the corresponding audio.
Owen Thomas / San Francisco Chronicle:
Hearst is offering San Francisco Chronicle employees voluntary buyouts in an effort to cut expenses  —  Hearst, the owner of The Chronicle, offered employees voluntary buyouts Tuesday in an effort to cut its expenses as the economic effects of the coronavirus pandemic and the outlook for many businesses remained unclear.
Discussion: @jordan_rubio, @haleaziz and @palewire
Jacob Feldman /
ESPN to put about 10% of its overall written output on ESPN+, making it available only to subscribers, though breaking news will remain free  —  As of Nov. 9, five daily ESPN radio shows' telecasts will be exclusively available on the platform for both live and on-demand viewers.
Discussion: New York Post and Awful Announcing
Esther Kezia Thorpe / Media Voices Podcast:
Podcast transcript of Casey Newton, Thomas Baekdal, Simon Owens, Anne Helen Petersen, and Josh Sternberg on going solo and earning revenue directly from readers  —  Over the past few weeks, there have been a number of high-profile examples of journalists leaving publications to launch their own newsletters.
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 More News: 
Jon Brodkin / Ars Technica:
FCC's top lawyer defends its authority to interpret Section 230, saying 1996 legislation that included Section 230 amended a 1934 act that created the FCC
Pew Research Center:
Pew study: 75% of US adults are paying “very” or “fairly” close attention to presidential election news, based on a survey Oct. 6-12, up from 66% a month prior
Leah Asmelash / CNN:
Student journalists at the Daily Gamecock, USC's independent student newspaper, say they are taking a two week hiatus, citing burnout and mental health concerns
 Earlier Picks: 
Kurt Wagner / Bloomberg:
Pinterest adds Salaam Coleman Smith, former top exec of Disney's ABC Family and president of NBCUniversal's Style Media, to its board of directors