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6:35 PM ET, October 25, 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.
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:
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.
Todd Spangler / Variety:
SEC filing: Warner Bros. Discovery expects to incur $3.2B-$4.3B in post-merger restructuring charges, including $2B-$2.5B in content write-offs, through Q4 2024  —  The media company disclosed expected ranges for the charges in an SEC filing Monday.  For the third quarter of 2022 …
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  —  Jimmy Lai, the founder of defunct Hong Kong pro-democracy tabloid Apple Daily, has been convicted of fraud after being found …
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  —  As editor of The Oregonian, the current leader of the newsroom, I unreservedly apologize to our readers and our community for the racism …
Guillermo Altares / El País:
An interview with Andrew Wylie, arguably the world's most powerful literary agent, about the attack on Salman Rushdie, Amazon behaving “like ISIS”, and more  —  The world's leading literary agent speaks about Salman Rushdie, Stephen King, Donald Trump and the e-commerce giant
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  —  Sara Fischer is joining CNN as an on-air contributor on the media beat, the network announced today.
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 More News: 
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+
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: Telegraph
 Earlier Picks: 
Lachlan Cartwright / The Daily Beast:
ABC News sources say they believe the raid on the home of investigative producer James Gordon Meek was not tied to his work and he resigned for personal reasons
Natasha Singer / New York Times:
Ahead of the 2022 midterms, US political campaigns use voter-profiling companies with vast amounts of data and scores to target ads on guns, vaccines, and QAnon
Kris Holt / Engadget:
Austin-based staff at Alphabet subcontractor YouTube Music Content Operations file with the NLRB for union recognition after a supermajority signed union cards
Discussion: Polygon