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1:15 PM ET, October 27, 2022


 Top News: 
Todd Spangler / Variety:
Elon Musk seeks to reassure 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, posted an open letter …
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 auto ads  —  Marketers worry about the Tesla CEO's stance on content moderation, potential conflicts in auto advertising if the Twitter deal completes
Charlie Savage / New York Times:
The US DOJ formally bans the use of subpoenas, warrants, or court orders to seize reporters' communications records or demand notes or testimony in leak probes  —  The rule codifies and expands a policy he issued in 2021, after it came to light that the Trump administration had secretly gone …
Zack Whittaker / TechCrunch:
The New York Post says it was hacked after several offensive articles and tweets appeared on its site and Twitter account, weeks after Fast Company's CMS breach  —  The New York Post, one of the biggest New York City daily newspapers, said it was hacked on Thursday after several offensive articles …
Sources: former The Hill owner Jimmy Finkelstein says he's raised at least $40M for a new digital news outlet billed as a Washington Post-Daily Mail hybrid  —  The media entrepreneur Jimmy Finkelstein has taken one step closer to launching a new entrant in the American news landscape …
Philip Bump / Washington Post:
Similar to its heavy coverage of a migrant caravan in 2018, Fox News has steadily ramped up mentions of crime as the US midterms approach  —  A few weeks ago, I wrote an article headlined “Crime is surging (in Fox News coverage)."  It was a follow-up to an article I'd written a few weeks prior …
Georg Szalai / The Hollywood Reporter:
NBCU reports adjusted EBITDA up 24.6% YoY to $1.7B and $9.6B revenue, down 4.3% YoY; Peacock has 15M+ subscribers, up 70% YTD, and a $614M adjusted EBITDA loss  —  Parent company Comcast also updates broadband subscriber trends at its cable systems business amid growth challenges across the industry.
Gerry Smith / Bloomberg:
CNN names Athan Stephanopoulos, previously the president of NowThis, as its chief digital officer, starting November 14  —  CNN has named Athan Stephanopoulos as its new chief digital officer, appointing a veteran of the online video business to grow its audience as the network braces for further cost-cutting.
Daniel Zuidijk / Bloomberg:
Web Summit rescinds invitations to speakers from Grayzone, after backlash over the website's anti-Ukrainian government stories  —  Web Summit, the largest technology conference in Europe, has withdrawn an invitation for speakers from the Grayzone, after a backlash against the website's anti-Ukrainian government narratives.
The Wire:
The Wire apologizes, saying technical evidence should have been independently verified and that it was deceived “by a member of our Meta investigation team”  —  Last week, The Wire formally retracted its Meta stories after conducting an internal review of the technical source material used …
Davey Alba / Bloomberg:
NewsGuard: partisan organizations masquerading as local news outlets spent about $3.94M on Facebook and Instagram ads so far in 2022, based on Meta's Ad Library  —  Facebook and Instagram are running millions of dollars in ads from so-called pink-slime newsrooms — partisan organizations masquerading …
Joe Rossignol / MacRumors:
Following complaints from prominent developers, Apple says it has “paused ads related to gambling and a few other categories on App Store product pages”  —  Original story from October 25 follows.  —  Apple today rolled out new ad placements in the App Store on the iPhone …
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 More News: 
Chris Roush / Talking Biz News:
Memo: Bloomberg Media is dropping programmatic ads from its website and apps starting on January 1, 2023, requiring brands to work directly with its media team
Discussion: @fxflow
 Earlier Picks: 
Annie Gowen / Washington Post:
A look at Cities 92.9, an Illinois talk radio station pushing election misinformation, run by a QAnon fan who studied journalism at Illinois State University