Top News:
Sarah Whitten / CNBC:
Netflix beats with Q3 revenue up 5.9% YoY to $7.93B, $1.4B net income, down from $1.45B YoY, 2.4M net global subscribers added, vs. 1.09M est.; stock is up 10%+ — Follow your favorite stocksCREATE FREE ACCOUNT — Netflix reported third-quarter earnings after the bell. Here are the results.
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New York Times, Netflix, Reuters, CNET, Forbes, Financial Times, Variety, Yahoo Finance, TechCrunch, CNN, Los Angeles Times, Gizmodo, Deadline, @sherman4949, @sherman4949, @loudmouthjulia, @loudmouthjulia, @loudmouthjulia, @loudmouthjulia, @lucas_shaw, Wall Street Journal, Consequence and Media Play News, more at Techmeme »
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Todd Spangler / Variety:
Netflix plans to stop sharing projected subscriber numbers in its earnings starting in Q4 2022, instead stressing new revenue streams like ads and paid sharing — Netflix will no longer share projected subscriber targets in upcoming earnings reports — a closely tracked metric among investors …
Discussion:
Next TV, Deadline, The Verge, The Desk, IndieWire and LightShed Partners, more at Techmeme »
Ben Smith / Semafor:
Inside the NYT's identity crisis, as some in its new administrative layer say their mission seems to be enacting radical cultural change as slowly as possible — Ben is the co-founder and Editor-in-Chief of Semafor, coming over from the New York Times. Sign up for his media newsletter, out every Sunday night!
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@semafor, Fox News, Mediaite, @jessicalessin, @niubi, @brian_riedl, New York Post, @dkthomp, @reedalbergotti, @froomkin, @nprinskeep, @nachristakis, @tomzellerjr, @jenzerb, @jbarro, @sstossel, @jbenton, @joshuahol, @owillis, @oliverdarcy, @bgrueskin, @semaforben, @brandyljensen, @jaycaruso, @tomgara, @samthielman, @kylepope and The Hill
Aditi Agrawal / Newslaundry:
The Wire suspends its stories on Meta's controversial XCheck program until it carries out a “thorough review”; cited cybersecurity experts deny being consulted — Varadarajan confirmed the news site will review ‘all material and documents and sources’.
Discussion:
The Wire, @kani5hk, Semafor, @thewire_in, TechCrunch, The Verge, @digitaldutta, @swodinsky, @rasmus_kleis, @greatbong, @aditi_muses, @rachelmetz, @thewire_in, @saikatd, @caseynewton and The Register, more at Techmeme »
Julia Felton / Greensburg Tribune-Review:
Pittsburgh Post-Gazette workers go on strike; union demands include ending the “illegal” halt of negotiations and reinstating last contract's terms — Newsroom workers at the Pittsburgh Post-Gazette, represented by the Newspaper Guild of Pittsburgh, went on strike at noon Tuesday.
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WITF, @johnfetterman, WTRF-TV, Pittsburgh City Paper, @pghguild, Poynter, @colin_dunlap, @pghguild, @robtornoe, WPXI-TV, @mattdpearce, The NewsGuild and The Bookseller
Alex Sherman / CNBC:
Ben and Justin Smith's Semafor launches, with stories in a “Semaform”, featuring The News, Reporter's View, Room for Disagreement, The View From, and Notable — - Semafor, a new global news company, debuted Tuesday. — The company is launching with $25 million in funding.
Discussion:
Semafor, Observer, Nieman Lab, @njones, Reuters, The Wrap, @rmc031, @7im, @mims, @tomgara, @halhod, @semaforben, Associated Press, Today in Tabs, @jbenton, @jakeswearingen, @reedalbergotti, @digiphile, @anthony, @viajoshhunt, Deadline, @digiphile, @danprimack, @shortformernie, @dicktofel, Adweek, @daveweigel, @arctictony, @helenkennedy, @shortformernie, @davewiner, @kylepope and bookforum.com
Joe Reedy / Associated Press:
Amazon Prime Video will stream an NFL game at 3pm on the day after Thanksgiving in 2023; the company will pay between $50M and $70M per year for the game — The NFL will expand to Black Friday beginning next season. — The league announced Tuesday that Amazon Prime Video will stream a game on the day after Thanksgiving.
Discussion:
Variety, Los Angeles Times, CNN, Ad Age, Sports Illustrated, Deadline, The Streamable, Awful Announcing, Amazon Studios, TVLine, @amypalcic and The Hollywood Reporter
Perry Bacon Jr / Washington Post:
The US should spend $10B+, ~$30 per American, on nonprofit local news outlets for every community, which are open to everyone, with transparent points of view — My vision for addressing the huge decline in local journalism involves hiring 87,000 new journalists for about 1,300 news organizations with more than $10 billion in funding.
Discussion:
@jeffjarvis, @perrybaconjr, @raju, @washingtonpost, @heidilegg, @elipariser, @sewellchan, @rafat, @kemc, @dankennedy_nu, @vivian, @kwoodsome, @dsmith_tucson, @jeremylittau, @davidclinchnews, @mherskovitz, @nancyromm, @kawulf, @aaronguhreen, @doritoribio, @vwpickard, @christopherotts, @seandkennedy, @mckaycoppins, @ryanvanvelzer and Media Nation
Zoe Samios / Sydney Morning Herald:
How News.net, one of the most ambitious new Australian journalism ventures in decades, failed to launch, and now owes current and ex-staff thousands of dollars — Normal text sizeLarger text sizeVery large text size — In early April, about 25 journalists and sales executives gathered …
Discussion:
@theage, @spencerhowson and @corinne_podger
Aisha Majid / Press Gazette:
Sistrix: Google's September 2022 algorithm update affected several UK publishers, as search rankings for LADbible fell 52%, Mail Online 37%, and The Mirror 27% — Ten of the leading news websites in the UK saw their visibility in search rankings reduced as a result of Google's latest core algorithm update in September.
Discussion:
@mattnavarra
Pew Research Center:
In 2021, 11% of high-circulation newspapers and 3% of high-traffic digital news outlets experienced layoffs, compared with 33% and 18% respectively in 2020 — The percentage of large newspapers and digital news sites that experienced layoffs fell considerably in 2021 when compared with the year prior …
Discussion:
Nieman Lab and @pewjournalism
Patrick Brzeski / The Hollywood Reporter:
Xi Jinping's third term bodes ominously for China's film market; Artisan Gateway: China's box office total for 2022 is $3.88B thus far, down 33% from 2021 — Regulators in the country have clamped down on Hollywood imports and narrowed the range of Chinese films deemed politically acceptable.
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