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8:55 AM ET, October 26, 2022


 Top News: 
Sheila Dang / Reuters:
Internal research: Twitter has been losing “heavy tweeters”, who tweet three to four times a week, as their interest in news, sports, and entertainment wanes  —  “Is Twitter dying?” billionaire Elon Musk mused in April, five days before offering to buy the social media platform.
Alex Heath / The Verge:
Emma Roth / The Verge:
Spotify says Apple's behavior is “choking competition” after Apple rejected its proposed audiobook purchasing process three times for breaking App Store rules  —  The company called Apple practices “anticompetitive” and said it was “choking competition” in a blog post published …
Todd Spangler / Variety:
YouTube's ad revenue dropped 1.9% YoY to $7.07B in Q3, below expectations of $7.42B and representing its first year-over-year drop in at least two years  —  Overall, Alphabet, Google's parent company, also came in below analyst estimates.  The company posted revenue of $69.1 billion and earnings per share of $1.06 for Q3.
Dawn Chmielewski / Reuters:
Spotify reports Q3 revenue up 21% YoY to €3.04B, MAUs up 20% YoY to 456M vs. 448.6M est., and Premium subs up 13% YoY to 195M; stock drops 6%+ on ad growth miss  —  Audio streaming service Spotify Technology SA (SPOT.N) Tuesday surpassed Wall Street's estimates for revenue and subscriber gains …
Todd Spangler / Variety:
ESPN sells a majority stake in its 27-year-old extreme sports franchise X Games to PE firm MSP Sports; ESPN will continue as its US linear broadcast partner  —  Financial terms of the deal were not disclosed.  MSP will assume day-to-day operational control of the X Games business, which will spin off from ESPN.
Anthony D'Alessandro / Deadline:
Guardians of the Galaxy filmmaker James Gunn and DC Films producer Peter Safran will co-lead DC Studios, the Warner Bros. Discovery unit set to replace DC Films  —  Finally, Warner Discovery Boss David Zaslav has a new head of DC studios; not one but two and it's Guardians of the Galaxy …
Caleb Wilson / Food Business News:
David Chavern, News/Media Alliance's president and CEO since 2015, plans to leave to become the Consumer Brands Association's president and CEO in January 2023  —  ARLINGTON, VA. — David Chavern will be the new president and chief executive officer for the Consumer Brands Association, effective Jan. 3, 2023.
Lila Shapiro / New York Magazine:
A look at writer and filmmaker Stephen Elliott's motivations in the upcoming defamation case he has brought against Shitty Media Men list creator Moira Donegan  —  Moira Donegan created the “Shitty Media Men” list to address a moral injustice.  Stephen Elliott says he's suing her for the same reason.
Sara Fischer / Axios:
Sources: YouTuber MrBeast is looking to raise ~$150M at a ~$1.5B valuation, to expand his video empire further into merchandise, restaurants, and consumer goods  —  MrBeast, the YouTube star-turned entrepreneur, is looking to raise around $150 million for his business at a roughly $1.5 billion valuation …
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 More News: 
Brooks Barnes / New York Times:
With Hollywood cutting spending, some worry that DEI initiatives spurred by the #MeToo movement and Black Lives Matter protests will stagnate or be rolled back
Patrick Coffee / Wall Street Journal:
A look at the increased use of celebrity deepfakes in ads, with or without their permission, raising legal and ethical questions for the marketing industry
Therese Bottomly / Oregonian:
The Oregonian issues an apology for its past promotion of racist and xenophobic views and publishes an examination of its history since its founding in 1861
Sara Fischer, Axios' media reporter for six years, joins CNN as an on-air contributor on the media beat; Fischer will continue to oversee Axios' media coverage
 Earlier Picks: 
Benjamin Lindsay / The Wrap:
BBC and Disney plan to stream Doctor Who on Disney+ outside the UK and Ireland as part of a new joint venture, moving the show away from BBC America and AMC+
Peter Lee / Hong Kong Free Press HKFP:
A Hong Kong court finds Apple Daily founder Jimmy Lai guilty of fraud for use of the defunct pro-democracy newspaper's HQ; Lai has been in custody since 2020
Baranjot Kaur / Reuters:
Report: the UK's Channel 4 is exploring being acquired by a nonprofit trust as an alternative to privatization; C4 is currently publicly owned but funded by ads
Discussion: Media Voices and Telegraph