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1:30 PM ET, November 3, 2020

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 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 …
Nicholas Quah / Hot Pod News:
Q&A with Casey Newton on Spotify's need to articulate a content policy after the latest Rogan-Jones episode and its transition from infrastructure to publisher  —  I've been following Casey Newton's work for closely quite some time now, particularly over the past few years as he's zeroed …
Discussion: Vulture and @caseynewton
CNBC:
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: The Media Nut, 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
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  —  IFRS revenues and organic revenues up 2% “Big 3” revenues up 4%; organic revenues up 5% Operating profit up 21%; adjusted EBITDA up 42%
Discussion: Reuters
Fort Worth Star-Telegram:
Management at McClatchy's Fort Worth Star-Telegram voluntarily recognizes union for newsroom employees  —  Journalists at the Fort Worth Star-Telegram plan to form a union, and management agreed on Monday to recognize the organizing effort, averting the need for a vote.
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  —  As the CEOs of Twitter, Google, and Facebook testified before the US Senate just weeks before the election …
Discussion: Protocol
 
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 More News: 
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
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
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