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9:20 PM ET, October 25, 2021

Mediagazer

 Top News: 
The Information:
More than 12 news outlets, including AP and Fox Business, form a consortium to sift leaked Facebook docs from Frances Haugen, reporting stories separately  —  It's not often that major news organizations coordinate to sift through a large trove of leaked company documents and agree …
RELATED:
Wall Street Journal:
Internal docs show frequent heated debates among Facebook staff and execs about how to rank, fact check, and moderate content of right-wing pubs like Breitbart  —  Employees allege content rules aren't enforced for Breitbart and other right-wing publishers for fear of public blowback …
Ben Smith / New York Times:
How Frances Haugen maximized the impact of her leaked Facebook documents, rolling them out first to WSJ and then broadening to a large group of outlets
Todd Spangler / Variety:
Cameo makes its first acquisition, buying Represent, which develops and operates direct-to-fan ecommerce sites for celeb clients like Leonardo DiCaprio  —  Cameo, the startup that has built a fast-growing business selling video shout-outs from celebrities (and others), is extending into a new line of fandom business.
Financial Times:
Fox launches Fox Weather in a new HQ with 120 meteorologists and a ceiling that changes color with the weather, as critics say it will face credibility issues  —  TV channels bet that reports of increasingly extreme climate can pull them out of a ratings nosedive
Stephen Witt / New Yorker:
Profile of Patrick Soon-Shiong, a controversial doctor who bought LA Times with “little due diligence” thinking owning it would be “easier than curing cancer”  —  The billionaire doctor has become one of Los Angeles's most prominent civic leaders, after a boundary-pushing ascent in medicine.
Dade Hayes / Deadline:
Redbox, the DVD rental and streaming company, goes public on the Nasdaq after a $590.3M SPAC merger, surging ~24% on its debut; shares are up ~34% after hours  —  Redbox, originally a disc-dispensing network of kiosks developed by executives at McDonald's, kicked off a new corporate chapter today by becoming a publicly traded company.
Amrith Ramkumar / Wall Street Journal:
LA-based esports collective FaZe Clan decides to go public through a SPAC merger, valuing the company at ~$1B  —  Backed by the singer Pitbull and other entertainment and sports celebrities, FaZe Clan targets Gen Z and millennial consumers  —  Youth-focused online platform FaZe Clan Inc …
Stephanie Condon / ZDNet:
Facebook says Q3 ad revenue grew 33% YoY to $28.28B but warns of “continued headwinds” in Q4 due to Apple's ATT changes in iOS  —  The social media giant also expects its “metaverse” investments will reduce operating profits by $10B for FY 2021, as it begins breaking out Facebook Reality Labs as its own business segment
Alison Weissbrot / Campaign:
GroupM and Hogarth partner on an addressable content practice that combines performance targeting with personalized messaging and content  —  The partnership between the two WPP agencies aims to bring more personalized creative to clients.  —  For a long time, the advertising industry …
Discussion: Ad Age and MediaPost
Sarah Scire / Nieman Lab:
Vox Media's branded podcast More Than This features an “immersive transcript” rich in visuals for audiences that are deaf and hard of hearing  —  The podcast More Than This had a challenge.  How could they recreate the emotions, pacing, and atmosphere of their episodes without using any audio?
Ben Hubbard / New York Times:
Citizen Lab: the iPhone of Ben Hubbard, an American reporter for NYT, was hacked in 2020 and 2021, likely by Saudi Arabia using NSO's Pegasus; NSO denies claim  —  Invasive hacking software sold to countries to fight terrorism is easily abused.  Researchers say my phone was hacked twice, probably by Saudi Arabia.
 
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