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7:55 AM ET, October 21, 2020


 Top News: 
Janko Roettgers / Protocol:
Netflix plans to test a 48-hour free weekend in India, dubbed StreamFest and scheduled for Dec. 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:
The Information:
Sources: Jeffrey Katzenberg tried to sell Quibi's catalog to NBCUniversal and Facebook, but both passed; Katzenberg told others he may shut down the company  —  Jeffrey Katzenberg may be nearing the end of the road with his mobile video streaming service Quibi.
Beatrice Verhoeven / The Wrap:
Variety EIC Claudia Eller returns after a 5-month leave and will hold that role through summer 2022; Cynthia Littleton, her successor, to be co-editor-in-chief  —  Variety Editor in Chief Claudia Eller will resume her role on Oct. 26 following an almost five-month leave …
Thornton McEnery / New York Post:
Sources: Mike Bloomberg discussed a SPAC deal with Bill Ackman of Pershing Square Tontine Holdings to take Bloomberg LP public; Bloomberg spokesman denies talks  —  Michael Bloomberg has been in talks to take his media empire public through an entity controlled by billionaire Bill Ackman, The Post has learned.
Georg Szalai / Hollywood Reporter:
Verizon Media reports Q3 revenue of $1.7B, down 7.4% YoY but up 21.2% QoQ; FiOS TV lost 61,000 subscribers  —  The telecom giant, led by CEO Hans Vestberg, added 144,000 net new broadband customers, “the most since the fourth quarter 2014.”  —  Telecom giant Verizon on Wednesday reported …
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  —  - Former Disney executive Salaam Coleman Smith joins board  —  Pinterest Inc. has added media industry veteran Salaam Coleman Smith …
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.
Thomas Seal / Bloomberg:
UK's Independent to launch in India in the next few months and in China in a year, says sales and profits grew in the “double digits” in FY ended last month  —  - Sales, profits grew in the ‘double digits’ in last fiscal year  — Editor Christian Broughton to become managing director
Discussion: Press Gazette and @jeffjarvis
Hamilton Nolan / Columbia Journalism Review:
Elite news outlets like WaPo are the most vulnerable orgs when powerful people no longer care how they get covered, a shift that threatens democracy  —  This month we learned that Tesla, a $400 billion public company run by one of the richest people in the world, has done away …
Antonio Garcia-Martinez / The Pull Request:
Elite news media outlets in the US are being torn apart by their own squabbles and destined to abandon the century-long tradition of non-partisan journalism  —  In what's becoming a Pull Request tradition, this is a companion piece to an interview of Martin Gurri, the great prophet of the media revolt.
Salvador Rodriguez / CNBC:
Snap reports Q3 revenue of $679M, up 52% YoY, vs $555.9M est., DAUs were up ~18% YoY to 249M, average number of daily Snaps up 25% YoY; Snap up 23%+ after hours  —  - Snap's stock price soared more than 15% after hours on Tuesday as the company posted an unexpected, adjusted profit along …
Ted Johnson / Deadline:
Trump campaign wants Thursday's debate to focus on foreign policy, protests possible rule changes like muting candidate's mics by an “unnamed person”  —  Donald Trump and Joe Biden are scheduled to meet again on Thursday for the second and presumably last debate …
Alana Wise / NPR:
Debate commission announces new rule where only the candidate with the floor will have an open mic during new two minute sessions of uninterrupted speaking time
Steven Perlberg / Digiday:
The Atlantic has new NY offices and had record subscriptions but is stuck in a long CEO selection process and has been posting losses since its staff expansion  —  During a rambling press conference last month, U.S. president Donald Trump blasted the Atlantic as “a second-rate magazine,” …
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 More News: 
Jasper Craven / Battle Borne:
After it shut down last week, a look back at NYT's At War, which launched in 2009 as a successor to Baghdad Bureau blog, as pubs scale back coverage of US wars
Jason Gurwin / The Streamable:
Quibi is now available to stream natively on Apple TV, Amazon Fire TV, and Android TV devices, but not on Roku or gaming consoles
Discussion: 9to5Mac and Cord Cutters News
Josef Adalian / Vulture:
Peanuts holidays specials won't air on a free network for the first time ever as Apple buys rights to them, but they'll be free on Apple TV+ for a limited time
Dave McNary / Variety:
AMC Theatres says it may have to file for Chapter 11 in SEC filing about an agreement to sell up to $15M in shares
Sara Fischer / Axios:
Stir, which helps creators split revenue from online collaborations on platforms like YouTube and Patreon, raises $4M in seed funding and launches a public beta
 Earlier Picks: 
David Plotz:
Ex-Atlas Obscura CEO David Plotz is launching City Cast, a national network of daily local podcasts, this winter; Graham Holdings owns the for-profit outlet
Todd Spangler / Variety:
ViacomCBS promotes Pluto TV CEO Tom Ryan to president and CEO of ViacomCBS Streaming, overseeing the future Paramount+ and Pluto TV
Laura Wagner / VICE:
The New Yorker suspends reporter Jeffrey Toobin, sources say after he masturbated during a Zoom call; Toobin says he did not realize his video was on
In a letter, Sacramento Bee News Guild asks McClatchy's new CEO to reconsider a proposal to tie journalists' annual performance reviews and raises to page views