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3:15 PM ET, November 1, 2022


 Top News: 
Elon Musk / @elonmusk:
Twitter Blue to cost $8/month, with half as many ads, ability to post long video and audio, priority in replies, paywall bypass for some publishers, and more  —  Twitter's current lords & peasants system for who has or doesn't have a blue checkmark is bullshit. Power to the people! Blue for $8/month.
Sara Fischer / Axios:
Twitter's Chief Customer Officer Sarah Personette has “resigned” after over four years and says she believes the new administration is committed to brand safety  —  Sarah Personette, Twitter's chief customer officer who's been with the company for more than four years …
James Ball / New Statesman:
Elon Musk's plan to monetize Twitter verification risks alienating creators and advertisers while helping accounts spread fake news  —  Elon Musk's latest brainwave risks alienating the users Twitter depends on and would expose it to lawsuits.  —  Let us start with a confession …
New York Times:
Sources: ad holding company IPG has issued a recommendation through its media agencies for clients to pause spending on Twitter because of moderation concerns  —  At least three Twitter executives have left in recent days, as one of the world's largest ad companies said clients should pause spending on the social media platform.
Wall Street Journal:
Sources: Twitter is planning to end the ability of Twitter Blue subscribers to access ad-free articles from hundreds of publishers
New York Times:
A US federal judge blocks Penguin Random House's bid to acquire Simon & Schuster, saying the DOJ demonstrated the merger might “substantially” harm competition  —  The government's case blocked the merger of two of the United States' largest publishers and reflected a more aggressive approach to curbing consolidation.
David Pierce / The Verge:
YouTube rolls out Primetime Channels in the US, with shows and movies from 35 partners, including Paramount+ and Epix, and plans to add NBA League Pass soon  —  Streaming services are coming to YouTube.  The company is rolling out a new feature called Primetime Channels that will bring shows …
Kaitlyn Tiffany / The Atlantic:
A look at video site Rumble, which has been on an upward trajectory since H2 2020, when right-wing star Dan Bongino moved from YouTube and took an equity stake  —  When Donald Trump was banned from Twitter in January 2021, it was obvious that he would have to find somewhere else to post.
Sara Fischer / Axios:
Sources: CVC Capital Partners looks to partner with Group Black on its bid to buy BDG Media, providing equity; Blackstone also eyes a role in the acquisition  —  CVC Capital Partners is looking to partner with Group Black on its bid to buy BDG Media, according to sources.
Brooks Barnes / New York Times:
Disney+ unveils a “limited test” offering exclusive access to select merchandise for US subscribers before it goes on sale in regular retail stores on Nov. 8  —  The Walt Disney Company announced that it would experiment with offering Disney+ subscribers exclusive access to themed merchandise.
Eileen AJ Connelly / The Wrap:
Fox Corp reports Q1 revenue up 5% YoY to $3.19B, compared to $3.17B estimates, ad revenue up 8% YoY to $1.22B, and $613M net income, down from $708M YoY  —  Fox Corp. on Tuesday said revenue rose 5% in the first quarter of television giant's fiscal year to $3.19 billion …
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 More News: 
Sara Fischer / Axios:
Parrot Analytics plans to unveil a system that predicts the monetary value of streaming titles; Squid Game is on track to become Netflix's most lucrative series
Sara Fischer / Axios:
Instagram is paying millennial-focused media company ATTN: six figures to create content to fight Spanish-language misinformation ahead of the US midterms
J. Clara Chan / The Hollywood Reporter:
Amazon expands Music for Prime members, offering ad-free podcast listening and increasing its music library from 2M to 100M songs, available on shuffle mode
Georg Szalai / The Hollywood Reporter:
SiriusXM reports its satellite radio unit added 187K self-pay subscribers in Q3 and lost 49K promotional subscribers; Pandora lost 52K net self-pay subscribers
Discussion: Billboard and Inside Radio
 Earlier Picks: 
Kevin Rawlinson / The Guardian:
A UK high court judge dismisses a libel claim brought by James Dyson against Channel 4 over allegations of worker exploitation at Dyson suppliers' factories
Discussion: Bloomberg
Kayleigh Barber / Digiday:
Hearst plans to launch its commerce marketplace FirstFinds on November 1 after its beta launch on October 24 with 1,000+ products picked by a five-person team
Max Tani / Semafor:
Sources: ProPublica is scrambling to verify Chinese Communist Party memoranda, after criticism that its expose about a Wuhan lab was based on a mistranslation