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10:05 AM ET, November 3, 2020

Mediagazer

 Top News: 
Benjamin Mullin / Wall Street Journal:
TV news networks say they gamed out how to handle initial vote tabulations that could be misleading and are prepared to push back on false claims by candidates  —  Networks have gamed out how to handle initial vote tabulations that could be misleading, causing a ‘red mirage’ or ‘blue mirage’
RELATED:
New York Times:
NYT brings back “the needle” but only for Georgia, N. Carolina, and Florida, and says it won't offer a single needle for the overall election due to mail voting  —  We'll have live estimates for Florida, Georgia and North Carolina.  —  For many Times readers …
CNBC:
Wall Street Journal:
Sources: Quibi mulled options like a freemium model and had 450K subs paying $4.99/mo. when it closed, far less than the 7.4M it targeted for its first year  —  The instincts of Jeffrey Katzenberg and Meg Whitman, who headed the start-up, proved wrong  —  When Jeffrey Katzenberg and Meg Whitman …
Axios:
Facebook says it will rely on election results from Reuters, the Associated Press, and six independent decision desks at major media outlets it didn't identify  —  Facebook said Monday it would be relying on consensus results from the National Election Pool/Edison via Reuters, the Associated Press …
Discussion: CNBC, Wired and Poynter
RELATED:
Sara Fischer / Axios:
Twitter says it will use at least two sources, from among ABC News, AP, CNN, CBS News, Decision Desk HQ, Fox News, and NBC News, to call US election results
Margaret Sullivan / Washington Post:
With fears that Trump may prematurely claim victory, journalists must do something that is not in their nature: be patient and not join a rush to judgment  —  Almost two months before the 2016 presidential election, Dave Wasserman, an editor at the nonpartisan Cook Political Report, wrote a prescient piece.
Dade Hayes / Deadline:
Fox reports $2.72B in Q1 revenue with overall ad revenue falling 7% YoY to $969M due to loss of live sports, but Fox News ad revenue rose 18% YoY  —  Fox Corp. beat Wall Street analysts' forecasts for its fiscal first quarter, delivering revenue of $2.72 billion, but COVID-19 continued …
Tim Peterson / Digiday:
An in-depth look at the fall of CNN's Great Big Story short-form video subsidiary, founded in 2015, which failed to meet sales goals and turn a profit  —  On the morning of Sept. 22, employees at Great Big Story received some good news.  The digital video publisher's biggest advertiser …
Discussion: Fast Company
Nathan Bomey / USA Today:
Gannett Q3: $31.3M net loss on $814.5M revenue, down 19.5% YoY; 1.03M paid online subs, up 31.1% YoY; print ad rev down 30.9% YoY; digital ad rev down 13.5% YoY  —  Nearly a year after completing a major media merger, USA TODAY owner Gannett is betting on paid digital subscriptions …
 
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 More News: 
Craig Silverman / BuzzFeed News:
Profile of video hosting site Rumble, which has become a home to right-wing figures like Dan Bongino and Devin Nunes, and says it had 60M unique visitors in Oct
Discussion: Protocol
Lucas Shaw / Bloomberg:
TikTok signs deal with Sony to let its users keep using songs from Sony's labels; source: TikTok is paying Sony significantly more now than in its previous deal
 Earlier Picks: 
Columbia Journalism Review:
A review finds that less than half of 1,100 posts across Facebook and Instagram containing falsehoods debunked by third-party partners bore fact-checking labels
The Guardian:
UK High Court rules against Johnny Depp in his libel suit against The Sun and its publisher News Group Newspapers, which described him as a “wife beater”
Ben Smith / New York Times:
Since 2016, Trump's ongoing spectacle has slowed the decline of legacy media, but this election, regardless of who wins, marks the end of an era for the media