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11:45 AM ET, October 26, 2022

Mediagazer

 Top News: 
Alex Heath / The Verge:
RELATED:
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 …
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 Sherman / CNBC:
Sources: CNN CEO Chris Licht has finished a broad business review, as part of a plan to eliminate 1,000+ Warner Bros. Discovery jobs before the end of 2022  —  - CNN CEO Chris Licht talked to CNBC about why he took the job, why he thinks some coverage of him has been “painfully inaccurate …
Katie Robertson / New York Times:
The Texas Tribune, one of the biggest nonprofit newsrooms in the US, names Sonal Shah as CEO; The Tribune has 10K+ paying readers and 175K+ newsletter subs  —  Sonal Shah will take over from Evan Smith, who has run the nonprofit news organization since he co-founded it in 2009.
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 …
RELATED:
Anne Steele / Wall Street Journal:
Spotify CEO Daniel Ek says US subscribers can expect price hikes in 2023, after recent increases by Apple and YouTube; Premium has cost $9.99/month since 2011
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.
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.
Adam Bernstein / Washington Post:
Neema Roshania Patel, a founding editor of The Lily, The Washington Post's news site for millennial women, dies of gastric cancer at 35  —  Neema Roshania Patel, a founding editor of The Washington Post's news site for millennial women, The Lily, and most recently an editor …
Charlotte Tobitt / Press Gazette:
The US Sun, launched three years ago, says it now has almost 100 journalists in New York and August was its best month yet with 250M page views  —  Three years after launching in the US, bosses at The Sun say they have “incredibly ambitious aspirations” and “don't really see a ceiling” on how far they can grow across the Atlantic.
 
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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
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
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
 Earlier Picks: 
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
CNN:
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
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+
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
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
 

 
From Techmeme:

Sam Kim / Bloomberg:
South Korean national statistics data: chip output grew 65.3% YoY in February 2024, the most since late 2009, with demand for AI-related memory driving growth

Meredith Whittaker / LPE Project:
The TikTok divestment bill will not offer any meaningful privacy protection from China, but it will further entrench the dominance of US-based social networks

Kyle Wiggers / TechCrunch:
AI21 Labs launches Jamba, an AI model that integrates two architectures: transformer and Mamba, which is based on the Structured State Space model

 
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