Top News:
Alex Heath / The Verge:
Meta says Apple updated its App Store rules to require IAPs for social media “boosts” to grow its business “while undercutting others in the digital economy” — Just when I thought the relationship between Apple and Meta couldn't get more hostile, here we are.
Discussion:
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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.
Discussion:
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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 …
Discussion:
TVNewser, @jayrosen_nyu, New York Post, Forbes, @sherman4949, @sherman4949 and @sherman4949
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.
Discussion:
@sewellchan, @evanasmith, @sewellchan, @sewellchan and @katie_robertson
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 …
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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
Discussion:
Insider, Reuters, Deadline, Music Ally, The Desk, Complete Music Update, Music Business Worldwide, MarketWatch, Variety and Billboard, more at Techmeme »
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.
Discussion:
@richlightshed, The Guardian, Billboard, Insider, @johngreen, Alphabet, The Hollywood Reporter, Quartz, Digiday, @hankgreen, Music Business Worldwide, @willguyatt, @techinsider, @digitalshields, @matthewkeyslive, The Wrap, Insider, Bloomberg, The Desk, 9to5Google and Wall Street Journal, more at Techmeme »
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 …
Discussion:
The Hollywood Reporter, MediaPost, ScreenRant, The Wrap, Variety, Advanced Television, IGN, Above the Line, @justrycole, @devindruid, @lloydkaufman, @brookeobie, @loudmouthjulia, @loudmouthjulia, @jesabelraay, @borys_kit, @jimlee, The Week, @johncena, @borys_kit, @loudmouthjulia, @dccomics, @krolljvar, @andykhouri, @clarisselou, SlashFilm, Media Play News, New York Post, Pop Culture Brain Daily, Next TV, CNET, The Verge, Bloomberg, The Playlist, Decider, GoldDerby, Insider, Polygon, The A.V. Club, Los Angeles Times, Adweek, TVLine, Gizmodo, Collider, WORLD SCREEN and IndieWire
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.
Discussion:
Consumer Brands Association and News/Media Alliance
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 …
Bron Maher / Press Gazette:
UK press regulator Impress kicks out Unity News Network, which grew out of the pro-Brexit campaign group UK Unity, over its Ukraine and COVID-19 vaccine content — Press regulator Impress has kicked right-wing Unity News Network out of its regulatory scheme “with immediate effect”.
Discussion:
@unitynewsnet
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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