Mediagazer: AFP and Twitter partner to elevate credible information in Spanish in Latin America, Spain, and the US, a month after announcing a deal for Portuguese in Brazil (Agence France-Presse)

12:10 PM ET, October 28, 2022

Top News:

Elon Musk takes over Twitter and fires several top executives, including CEO Parag Agrawal, CFO Ned Segal, and policy head Vijaya Gadde — Musk's $44 billion deal to acquire the social media company closed on Thursday night. — SAN FRANCISCO — Elon Musk became Twitter's owner late Thursday …

Discussion: @elonmusk, New York Times, Axios, New York Times, @mmasnick, @nedsegal, @whey_standard, CNBC, The Atlantic, CNN, TechCrunch, New York Times, New York Magazine, @thierrybreton, Media Matters for America, The Hill, Reuters, MediaPost, Observer, The Daily Wire, Bloomberg, @mattzeitlin, Mediaite, Slate, Variety, Insider, New York Post, The Register, Wall Street Journal, Protocol, Reason, The Addition, ABC7, Bloomberg, The Information, Wired, Fortune, CBS News, Gizmodo, Broadband TV News, @donwinslow, MacRumors, @ericrweinstein, @tinch, Common Dreams, @film_girl, @jason_kint, @_lokeshsharma, Al Jazeera, Variety, @kaalateetham, @megan, @nickbilton, @geoffreyvs, The Week, @karaswisher, @mattzeitlin, @quinncy, @megbasham, @carnage4life, @dellcam, @jeffjarvis, @goldman, @penamerica, @danprimack, Politico, AppleInsider, @clarajeffery, Agence France-Presse, BuzzFeed News, Vanity Fair, The Guardian, CNET, CNN, The Hollywood Reporter, The Wrap, TechCrunch, The Desk, New York Post, Engadget, WFLA-TV, The Wildfire Newsletter, The Verge, The Daily Beast and Rolling Stone, more at Techmeme »

Todd Spangler / Variety:

Elon Musk pens an open letter to calm Twitter advertisers, arguing his goal is not “to make more money” and the service “cannot become a free-for-all hellscape” — Mega-billionaire Elon Musk, nearing the finish line in his rocky takeover of Twitter …

Discussion: Washington Post, @elonmusk, @sep, Insider, TechCrunch, MediaPost, Press Gazette, Insider, The Information, Billboard, WISC-TV, CNBC, Bloomberg, Forbes, @cwarzel, @daveyalba, The Daily Wire, New York Post, KTLA, Wired, The Verge, Axios, Bloomberg, @wajahatali, Associated Press, @schmittnyc, @bcappelbaum, Digiday, @miblogestublog, @mzhemingway, @schwarz, @adriennelaf, @emilybell, The Shortcut, @maxkennerly, @schwarz, @hayskali, @marklittlenews, Pirate Wires, @greg_price11, Los Angeles Times, @vprasadmdmph, @jayrosen_nyu, @briannawu, AdExchanger, NPR, @esqueer_, @adriennelaf, @justinhendrix, @pkafka, @goldman, @cwarzel, 9to5Mac, @donie, @ruthbenghiat, MAGA Underground, Vox, @theplumlinegs, @oneunderscore__, The Daily Beast, @robinw, Vanity Fair, Reuters, Media Matters for America, CBS News, The Drum, The Hill, Music Ally, Mumbrella, Tech Flash, Mediaite, Engadget, Fortune, Slate, Politico, Rolling Stone, PC Gamer, Financial Times, The Wrap and Ad Age, more at Techmeme »

Wall Street Journal:

Sources: ahead of Elon Musk's takeover, advertisers on Twitter are concerned about looser content moderation and potential conflicts of interest for car ads — Marketers worry about the Tesla CEO's stance on content moderation, potential conflicts in auto advertising if the Twitter deal completes

Erik Wemple / Washington Post:

A reassessment of The New York Times' apology and James Bennet's firing after Sen. Tom Cotton's op-ed: Bennet was right and Publisher A.G. Sulzberger was wrong — Controversy over an op-ed by Sen. Tom Cotton (R-Ark.) consumed the New York Times in June 2020 and claimed the job of then-editorial page editor James Bennet.

Defector:

Defector reports $3.8M in annual revenue, up from $3.2M in 2021, $3.7M in expenses, up from $3M in 2021, and 38K subscribers, who generated 95% of its revenue — Purpose of this report — Defector continues to have no outside investors and no intention of raising outside capital.

Ashley King / Digital Music News:

Music streaming service LiveOne and its subsidiary Slacker say a ruling ordering them to pay SoundExchange ~$10M in royalties could cause financial ruin — Is Slacker headed for bankruptcy? The company says SoundExchange's $10 million judgment could destroy them.

Discussion: Billboard and RAIN News

David Gutman / The Seattle Times:

A Washington judge fines Meta $24.66M, the maximum possible amount, after finding the company intentionally violated campaign finance disclosure laws 822 times — Meta, Facebook's parent company, was fined nearly $25 million Wednesday for intentionally and repeatedly violating Washington's campaign finance laws.

Discussion: Washington State, Associated Press, The Hill, @katieharbath, @jvagle, @evelyndouek, Horrific/Terrific, @agowa, CNET, MediaPost and Gizmodo

Benjamin Mullin / New York Times:

In an email, Chris Licht told staff that CNN will stop buying documentary films and original TV series and instead use long-form content produced internally — Acquired and commissioned documentary movies and TV shows like ‘Navalny’ and ‘Stanley Tucci: Searching for Italy’ are going away.

Discussion: Variety, IndieWire and @elwasson

Daniel Finn / The Wire:

Q&A with Tom Mills, the author of The BBC: Myth of a Public Service, on the BBC's start in 1922, government relationships, rethinking the license fee, and more — No broadcaster in the world today can rival the cultural prestige of the UK's British Broadcasting Corporation (BBC).

Kaya Yurieff / The Information:

Twitter confirms it shut down its Ticketed Spaces test indefinitely before Elon Musk's takeover of the company — Before Elon Musk's takeover of Twitter, the company paused paid tickets to its live audio feature Spaces, the social network confirmed. “We've paused the Ticketed Spaces test indefinitely …

more at Techmeme »

Agence France-Presse:

AFP and Twitter partner to elevate credible information in Spanish in Latin America, Spain, and the US, a month after announcing a deal for Portuguese in Brazil — AFP, one of the world's leading news agencies, and Twitter announced on Thursday a collaboration to identify …

Discussion: Adweek

The Verge:

Spotify updates its iOS app to remove audiobook purchasing instructions, replaced with a message saying “it's not ideal”, to comply with Apple's App Store rules — An update for Spotify's iOS app released Thursday had a big change for its audiobooks vertical — and not for the better.

Discussion: @chrismessina, @marcoarment, @jake_k, @caseynewton, XDA Developers and 9to5Mac

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More News:

Kif Leswing / CNBC:
Apple's Services revenue grew 4.98% YoY to $19.19B vs. $20.1B expected in Q4; fiscal year Services growth was above 14%, slower than 2021's 16% and 2020's 27%

Discussion: The Register, 9to5Mac, Apple, El País, @carnage4life, @jsnell, @claireatki, @samifathi_, Bloomberg, Engadget, Variety, MacRumors, The Verge, TechCrunch, Apple Inc. and AppleInsider, more at Techmeme »

Annie Palmer / CNBC:
Amazon reports Q3 advertising services revenue grew 25% YoY to $9.55B vs. $9.48B est., and subscription services revenue grew 9% YoY to $8.9B

Discussion: TechCrunch, CNET, Publishers Weekly, Front Office Sports, @tcarmody, @pt, Digiday, Insider, CoinDesk, Adweek, Observer, The Verge and Reuters, more at Techmeme »

Lauren Forristal / TechCrunch:
Source: Snapchat now pays creators using its TikTok clone Spotlight millions per year collectively, down from millions per week in 2021 and $1M per day in 2020

Discussion: @carnage4life, @blackamazon and XDA Developers, more at Techmeme »

Todd Spangler / Variety:
The New York Post fires an employee who hijacked its website and Twitter account to share racist and violent posts, calling the content “vile and reprehensible”

Davey Alba / Bloomberg:
NewsGuard: partisan organizations masquerading as local news outlets have spent about $3.94M on Facebook and Instagram ads so far in 2022, per Meta's Ad Library

Discussion: @jbenton, @jbenton, @jbenton, @dabeard, @daveyalba, @daveyalba, @daveyalba and @daveyalba

Earlier Picks:

Joe Rossignol / MacRumors:
Following complaints from prominent developers, Apple says the company “paused ads related to gambling and a few other categories on App Store product pages”

Discussion: CNBC, Gizmodo, @film_girl, 9to5Mac, The Verge, TechCrunch and Insider

Patrick Coffee / Wall Street Journal:
NYC-based OpenWeb, which helps outlets target readers with ads and manage comments, raised a $170M Series F at a $1.5B valuation, up from $1B+ in November 2021

Discussion: @aripap, @ericfranchi, @nadavshoval, @mjbarash, OpenWeb, OpenWeb and Livemint

Gerry Smith / Bloomberg:
CNN names Athan Stephanopoulos, previously the president of Vox Media's news site NowThis, as its chief digital officer, starting on November 14

Discussion: MediaPost, CNN, Broadband TV News, @versharma and Advanced Television

Georg Szalai / The Hollywood Reporter:
Comcast reports NBCU revenue down 4% to $9.6B and EBITDA up 24.6% YoY to $1.7B; Peacock has 15M+ subscribers, up 70% YTD, and accounted for a $614M EBITDA loss

Discussion: Front Office Sports, CNBC, Deadline, @tvgrimreaper and The Wrap

Daniel Zuidijk / Bloomberg:
Web Summit rescinds invitations to The Grayzone speakers, after a backlash over the website claiming Ukraine's government and military are sympathetic to Nazis

Discussion: @aaronjmate, @_richardhall, @jamesrbuk, @ichbinilya, @n_waters89, @maxblumenthal, @maxblumenthal, @maxblumenthal, @ggreenwald, @wallacemick, @gaberivera, @websummit, @websummit, @markltighe, @martinsfp and @oliviasolon

From Techmeme:

George Steer / Financial Times:
Nvidia closed down 10% on Friday, falling the most since March 2020 and losing more than $200B of its market value, as investors pull back from AI bets

Foo Yun Chee / Reuters:
Sources: EU may accept Apple's proposal to open its NFC payments tech to rivals, and may close its antitrust probe in May, letting Apple avoid hefty fines

Ryan Browne / CNBC:
Telegram partners with Tether to let the messaging app's ~900M users send USDT to each other through The Open Network blockchain

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