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1:10 AM ET, October 27, 2021

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 Top News: 
Makena Kelly / The Verge:
Biden names Jessica Rosenworcel to officially lead the FCC, nominates Gigi Sohn as third Democratic commissioner, but it's unclear if Senate will confirm soon  —  And progressive Gigi Sohn as a third Democratic commissioner  —  President Joe Biden named acting Federal Communications …
Charlie Warzel / Galaxy Brain:
Sources say Facebook Papers have no sharing restrictions, so media outlets should model transparency and make them publicly accessible  —  OK, STRAP IN, NERDS:  —  Charlie Warzel @cwarzel  —  legitimately don't know how to consume this much facebook news  —  October 25th 2021  —  32 Retweets397 Likes
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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
Sara Fischer / Axios:
Good Information Inc., funded by Reid Hoffman and others, launches to invest in media companies that tackle misinformation  —  A new public benefit corporation backed by billionaires Reid Hoffman, George Soros, and others is launching Tuesday to fund new media companies and efforts that tackle disinformation.
Sarah Ellison / Washington Post:
Stewart Bainum's Baltimore Banner will be led by LAT's Kimi Yoshino, with a $15M budget for its first year and plans to hire roughly 50 reporters  —  The Maryland hotel magnate tried but failed to buy the Baltimore Sun.  Now he's trying to demonstrate a new business model for local news.
Tarpley Hitt / Gawker:
Sources: images in thousands of BuzzFeed posts were taken down in 2020 to ward off copyright claims; staffers can restore images if they're credited or licensed  —  In 2013, BuzzFeed ran a story about Bradley Cooper wearing a knit beanie so large it hid his entire hairline and fell down his neck …
Todd Spangler / Variety:
YouTube Q3 ad revenue rose to $7.2B, up 43% YoY and up from $7B in Q2; music and Premium subscribers surpassed 50M  —  YouTube kept raking in huge ad bucks in the third quarter of 2021 and now counts more than 50 million subscribers worldwide for its music and YouTube Premium services.
New York Times:
Netflix will bid for a 289-acre chunk of former US Army post Fort Monmouth in NJ, to create its second-largest production complex, behind ABQ Studios in NM  —  The streaming service said it would bid for a nearly 300-acre chunk of Fort Monmouth and it has the support of Gov. Phil Murphy.
Brian Steinberg / Variety:
YouTube TV adds Fox Nation as an optional add-on for $5.99/month, offering primetime opinion shows a day after they air on Fox News and more  —  Fox Nation, the subscription-based streaming service from Fox News Media, has debuted as an optional add-on on YouTube TV, a sign …
Mike Butcher / TechCrunch:
Admix, which serves ads in games, e-sports, VR, and AR, raises a $25M Series B co-led by Elefund and DIP Capital  —  Last year we covered Adtech startup Admix's $7 million Series A funding.  The London-based company brings ads to games, e-sports, virtual reality, and augmented reality.
Ashley Carman / The Verge:
Internal presentation details Amazon's “Project Mic”, a live audio app that lets users host radio shows, complete with music, focused on the US initially  —  A new app is in the works  —  Amazon is next on the list of companies getting into the live audio game.
 
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 More News: 
Conor Clark / Gay Times:
BBC faces backlash for an article by staffer Caroline Lowbridge, partly based on a small social media survey, with critics calling the story transphobic
Sarah Scire / Nieman Lab:
Q&A with Samantha Melbourneweaver, head of LAT's audience team, on the growing importance of such teams within newsrooms, plans for a “meme team”, and more
@novaramedia:
YouTube reinstates UK left-wing news outlet Novara Media's channel after deleting it without warning
 Earlier Picks: 
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
Amrith Ramkumar / Wall Street Journal:
LA-based esports collective FaZe Clan decides to go public through a SPAC merger, valuing the company at ~$1B