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4:15 PM ET, November 3, 2020


 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’
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
Alex Sherman / CNBC:
Sources: AT&T in talks to sell a significant minority stake in DirecTV, AT&T Now, and U-Verse pay-TV, where the buyer would run pay-TV distribution operations  —  - AT&T is considering selling significant minority stake in DirecTV, AT&T Now and U-Verse pay-TV operations.
Wall Street Journal:
Sources: Comcast is in talks with Walmart to develop and distribute smart TVs, as the cable giant looks to become a dominant hub for streaming apps  —  Under the terms being discussed, the retail giant would promote TV sets running Comcast software and receive share of recurring revenue
Discussion: The Streamable
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 …
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
Jack Nicas / New York Times:
Study: YouTube's recent efforts to reduce recommendations of misinfo from fringe channels worked, but Fox News is now the most recommended for election videos  —  To battle false information, YouTube cut its recommendations to fringe channels and instead promoted major networks, especially Fox News.
Sarah Perez / TechCrunch:
Hulu enables Watch Party social viewing on for its live-streamed election coverage, provided by ABC News, the first time it's done so for a live event  —  Hulu is bringing its Watch Party social viewing feature to its live-streamed election news coverage, provided via its existing partnership with ABC News Live.
Discussion: The Streamable
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 …
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 More News: 
Thomson Reuters:
Thomson Reuters says Q3 revenue rose 2% YoY to $1.44B with operating profit of $318M; Reuters News had revenue of $154M, down 2% YoY
Discussion: Reuters
Fort Worth Star-Telegram:
Management at McClatchy's Fort Worth Star-Telegram voluntarily recognizes union for newsroom employees
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
 Earlier Picks: 
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
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
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