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2:45 PM ET, November 5, 2020


 Top News: 
Edmund Lee / New York Times:
NYT hits 7M subscribers as digital-only subscriber revenue tops print subscriber revenue, a first; Q3 net income doubled to $33.6M on revenue of $426.9M  —  For the first time, the publisher brings in more revenue from online readers than its print subscribers.
New York Times:
Trump and advisers erupted when Fox News called AZ for Biden; source: Jared Kushner called Rupert Murdoch; Jason Miller asked for a retraction that didn't come  —  The Fox News decision left the president fuming, and his team complaining.  Then he began casting aspersions on other states' vote counts.
Jack Shafer / Politico:
Despite a protracted count, the three major cable networks kept trying to sustain excitement over the US election rather than admitting there was no news  —  As Election Day 2020 coasted to a crawl and the West Coast voting precincts closed shop, the cable news networks were dazed to learn …
Matt Gertz / Media Matters for America:
On Wednesday morning, Fox & Friends was supporting Trump's attempted election theft, priming its audience to treat the ongoing counting of ballots as fraudulent  —  With the presidential election still up in the air as ballots continue to be counted in key states, President Donald Trump …
Oliver Darcy / CNN:
News anchors, including from Fox News, forcefully called out Trump after he prematurely declared himself the victor of the 2020 election
Jennifer Elias / CNBC:
YouTube says it won't remove an OANN video called “Trump won”, which claims Democrats are tossing GOP ballots, but says the video undermines election confidence  —  - Google-owned YouTube refused to take down a video that falsely claims Trump won the Presidential election and democrats committed voter fraud.
Memo: ESPN will lay off ~300 staff and not fill 200 open positions, citing COVID and shift to streaming; ESPN also won't renew contracts for some on-air talent  —  KEY POINTS  — The layoffs come as parent company Disney restructures its entertainment and media business.
Meredith Corporation:
Meredith reports earnings of $42M on revenue of $694M, down 4% YoY, but benefiting from a 43% increase in local political spot advertising over 2018  —  Delivers Record First Quarter Digital Advertising and Political Revenues  —  Generates Operating Cash Flow of $79 Million; $201 Million Cash on Hand
Discussion: @scottbrodbeck
Ingrid Lunden / TechCrunch:
TikTok seems to be testing a Learn tab to showcase education and how-to videos, which it's also populating with content from publishers like Self and WWD  —  How-to videos have been some of the most popular content on YouTube over the years, and now, to grow engagement and the pool of users …
Gerry Smith / Bloomberg:
Sinclair Broadcast Group wrote down the value of its regional sports networks by $4.23B, after paying $9.6B for them in August 2019  —  - Broadcaster paid $9.6 billion for the assets just last year  — YouTube and Hulu recently stopped carrying Sinclair's channels
Alexander Fanta /
Google News Initiative has given funding to Rwanda's New Times, which NGOs call a state mouthpiece; it withdrew funding to a similar outlet in Hungary in 2019  —  The Google News Initiative writes cheques to media around the globe, including pro-regime newspapers in countries under autocratic rule …
Discussion: @fantaalexx
Brian Steinberg / Variety:
Advertising Analytics: US presidential candidates spent nearly $247.5M on national TV ads between January 1, 2019, and Election Day, up 200% from 2016  —  “The amounts being spent, as compared to 2016, appear to be about two times as much,” says Mark Lieberman, CEO of Viamedia …
Discussion: @chriskeall and @cmarinucci
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