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11:05 PM ET, October 19, 2021


 Top News: 
Jessica Bursztynsky / CNBC:
Netflix reports Q3 revenue of $7.48B, up 16% YoY, operating income of $1.76B, up 33% YoY, and 214M paid subs, adding 4.4M YoY and beating estimates of 3.84M  —  - Netflix is set to report earnings after the bell Tuesday.  —  Netflix CEO Reed Hastings  —  Netflix shares were up more than 2% …
Jeff Kotuby / The Streamable:
Report: Netflix and YouTube had a 47% combined share of “connected TV time spent” in June, down just 2% from January 2020 despite growth in rival services  —  Netflix and YouTube may be far more dominant than we realize.  —  According to a report from LightShed Partners …
Laura Hazard Owen / Nieman Lab:
The three remaining board members of Akron's The Devil Strip launch a $75K GoFundMe campaign to try to keep the publication afloat, after its abrupt demise  —  Akron, Ohio's “community-owned magazine,” The Devil Strip, gained attention for its unusual business model: It claimed to be the …
Filing: John Malone's Liberty Media sold its entire stake in iHeartMedia, apparently ending Liberty's long-running effort to gain control of the broadcaster  —  What do you think?  Add your comment below.  —  LIBERTY MEDIA CORP. has sold off its 5,941,248 shares of iHEARTMEDIA Class A Common Stock at $25.25/share.
Discussion: Billboard
Brian Steinberg / Variety:
AMC Networks announces an initiative to let advertisers use programmatic ad buying for live TV inventory  —  AMC Networks wants to make it possible for advertisers to buy time in linear broadcasts of “The Walking Dead” or “Better Call Saul” in the same way they do digital commercial inventory.
Discussion: Ad Age
Sara Fischer / Axios:
Facebook says the News Tab makes up 30% of its news referral traffic for participating publishers and it is testing new News Tab content like local alerts  —  Facebook is looking to introduce more news products for its News Tab in coming months, including more curated collections around big events …
Daisuke Wakabayashi / New York Times:
Nonprofit Lady Freethinker sues YouTube, claiming failure to remove animal abuse videos is a breach of contract with users  —  An animal rights group said the site had ignored efforts to get clear violations taken down.  YouTube said it had removed hundreds of thousands.  —  The videos are disturbing.
Edward Ongweso Jr / VICE:
Facebook posts an odd thread attacking 30+ unnamed journalists “finishing up a coordinated series of articles based on thousands of pages of leaked documents”  —  The company decried the use of embargoes to coordinate a coming series of reporting on thousands of pages of leaks, despite regularly using embargoes itself.
Todd Spangler / Variety:
Comcast unveils XClass smart TVs starting at $298, available at Walmart, and offering 12 months of ad-supported Peacock Premium for free in the US  —  Comcast is going direct-to-consumer — offering streaming TV services to consumers across the U.S., including outside its traditional service areas …
Amanda Meade / The Guardian:
The Sydney Morning Herald editor Lisa Davies resigns after five years leading the newsroom, leaving both the Herald and the Sun-Herald without editors  —  Davies is to step down immediately, leaving both the Herald and Sun-Herald without editors  — Download the free Guardian app; get our morning email briefing
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 More News: 
Dorany Pineda / Los Angeles Times:
The Black Mountain Institute at University of Nevada Las Vegas will stop publishing The Believer magazine in spring 2022, citing the pandemic's financial impact
Paul Farhi / Washington Post:
WaPo promotes Cameron Burr to senior managing editor and gives the chief product officer title to Kat Downs Mulder, currently managing editor for digital
 Earlier Picks: 
Zoe Schiffer / The Verge:
Ahead of the Wednesday walkout, Netflix's trans employees release demands including putting a warning on transphobic content and boosting trans-affirming titles
Nieman Lab:
Analysis of 141K headline A/B tests run by 293 news sites: such tests can boost stories' traffic but no single feature of writing style makes much difference
Wall Street Journal:
Sources: Moonbug, owner of the popular children's show CoComelon, is exploring a sale or IPO at a $3B+ valuation, and is projecting a ~$100M profit this year
Ben Smith / New York Times:
Axel Springer removes Bild editor Julian Reichelt after an NYT report detailed allegations that he behaved inappropriately with women at the publication