Top News:
Joe Pompeo / Vanity Fair:
Some journalists say they are deleting their Twitter DMs, as many scoff at the idea of an $8 verification fee and make plans to use rival social media platforms — Journalists are deleting DMs, scoffing at Musk's $8 verification fee, and even considering bolting from the platform.
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Bloomberg, Detroit News, Al Jazeera, Washington Post, @astrokatie, Second Guess, @clairehoworth, @knightlat, @helentobin, @pkafka, @scottnover, The Hill, @mlcalderone, @tvgrimreaper, @joepompeo, The Atlantic, Insider, OpenSecrets.org, American Prospect, Waivly, @niubi, Forbes, Tubefilter and Columbia Journalism Review
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Wall Street Journal:
General Mills and Audi paused Twitter ads, and sources say Pfizer and Mondelez did too; Elon Musk talked with WPP and its clients like Unilever and Google — Advertisers are concerned about a flurry of executive departures at Twitter and new owner Elon Musk's plans for content moderation
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@jimvandehei, Financial Times, Axios, Digiday, Ad Age, The Guardian, @benmullin, New York Times, New York Post, Washington Post, @werty, @jason_kint, @fpwellman, @gregbensinger, @digiday and Fortune, more at Techmeme »
Casey Newton / Platformer:
Sources: Twitter plans to shut down newsletter platform Revue, acquired in January 2021, by the end of 2022, and has paused its four-month-old Notes product — A new Vine camera is in. Notes and Revue are out — With massive layoffs expected to hit Twitter tomorrow …
Joe Flint / Wall Street Journal:
Since WarnerMedia's Discovery merger on April 8, the stock is down ~48%, debt is higher than at other media companies, and sources say 1,000+ have been let go — Merger created streaming-media giant, but leveraging company's assets has been tough in a competitive market
Discussion:
SlashFilm, The Hollywood Reporter, The A.V. Club, TVLine, @jbflint, @mattgertz, @rwhelanwsj, @digitalshields, @keachhagey, @jbflint, @jbflint and @jtoonkel
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Lillian Rizzo / CNBC:
Warner Bros. Discovery misses with Q3 revenue of $9.82B, vs. $10.36B est., adds 2.8M streaming customers to reach 94.9M total, and TV networks revenue fell 8% — - Warner Bros. Discovery reported third-quarter earnings after the bell on Thursday, missing analysts' estimates on revenue.
Discussion:
Financial Times, TechCrunch, The Streamable, @ballmatthew, Wall Street Journal, @masasoncap, Deadline, The Hollywood Reporter, @jbflint, @jbflint and @pkafka
@insiderunion:
[Thread] Insider's union demands that management bargain over changes in writers' metric goals and the elimination of roles, after the paywall strategy shifts — Yesterday, our @insiderunion colleagues marched on global editor-in-chief @nichcarlson to demand he and other members of @thisisinsider management bargain with us about massive proposed changes to the newsroom. How did we get here? 🧵A thread... https://twitter.com/...
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Semafor, @thenickguy, @insiderunion, @insiderunion, @insiderunion, @maddierenbarger, @palafo, @insiderunion, @insiderunion, @om, @insiderunion, @crossingjessica, @stokessamanthaj, @insiderunion, @aprjoy, @dubsrewatcher, @insiderunion, @ben__tobin, @rafat, @jeffjarvis and @tatejamesdotcom
Alex Sherman / CNBC:
CNBC cancels primetime general news show The News with Shepard Smith to refocus on business and market coverage; source: Smith plans to leave later in November — - CNBC has canceled “The News with Shepard Smith” after two years. — Smith is leaving the network after his show concludes later this month.
Discussion:
Variety, Semafor, The Hollywood Reporter, Talking Biz News, @aidnmclaughlin, @sherman4949, New York Post, @keitholbermann, @justinbaragona, Deadline, The Wrap, @bobbybigwheel, @newspolitics, @ajkatztv, Newser, @joeconchatv, TVLine, Forbes, @maxwelltani, Mediaite, @ccadelago, The Hill, Next TV, The Post Millennial, The Daily Wire, The Daily Beast and Barrett Media
Alexandra Bruell / Wall Street Journal:
Advance Publications, which owns 24 newspapers and Condé Nast, plans to stop printing Alabama's three largest newspapers and make them digital-only in February — Advance Publications to make Birmingham News, Huntsville Times and Press-Register digital-only
Discussion:
al.com, @jeremylittau, @mikestobbe, @tmorris504, @dankennedy_nu, The Rural Blog, @maghielse, @connorasheets, @johnhammontree, @aaronkfoley and @tristanbaurick
Brent Lang / Variety:
Lionsgate reports Q2 revenue of $875.2M and a loss of $1.75B, mainly due to write-downs; Lionsgate+ will exit seven markets including France, Germany, and Japan — Lionsgate swung to a loss of $1.8 billion in its most recent fiscal quarter, which it attributed to restructuring charges around Starz and its international operations.
Discussion:
The Wrap, Lionsgate, Next TV, IndieWire, Media Play News, Deadline and The Hollywood Reporter
Todd Spangler / Variety:
AMC Networks adds 11 new free ad-supported channels to the Roku Channel in a multiyear deal expansion; AMC+, Shudder, and Acorn TV remain Premium Subscriptions — AMC Networks is bringing 11 new free, ad-supported TV (FAST) channels to the Roku Channel — including a selection of episodes …
Discussion:
The Streamable, Next TV and Media Play News
Reuters:
Sources: Rupert Murdoch is pursuing a Fox/News Corp reunion because combining live game broadcasts and sports coverage would help with Fox Sports' betting foray — Rupert Murdoch's proposal to recombine News Corp (NWSA.O) and Fox Corp (FOXA.O) and capitalize on sports betting has yet …
Rick Edmonds / Poynter:
Gannett reports a Q3 loss of $54M, matching its Q2 loss, revenue down 10% YoY, and paid digital subscriptions up 28.5% YoY to 1.98M, passing 2M after Q3's end — Despite a third-quarter loss of $54 million, the company points to gains in digital subscriptions and success with cost-saving measures.
Discussion:
USA Today, Gannett, @jeffplatsky, Press Gazette and @rickedmonds
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