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9:00 AM ET, November 4, 2022

Mediagazer

 Top News: 
Faiz Siddiqui / Washington Post:
RELATED:
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 …
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
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.
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
RELATED:
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.
Murray Stassen / Music Business Worldwide:
Report: Spotify is exploring acquiring Anghami, a music streaming service focused on the Middle East and North Africa that went public via a SPAC merger in 2021  —  Spotify is reportedly considering buying its MENA-focused rival Anghami.  —  That's according to a report published by Dubai-based Frankly magazine.
Alexandra Bruell / Wall Street Journal:
Over 200 employees from 14 Gannett newsrooms are staging a one-day strike today to push for better wages and protest layoffs and other cost-cutting measures  —  Protest across 14 newsrooms follows recent layoffs and cost-cutting at local-news publisher  —  More than 200 Gannett Co. staffers …
Discussion: nyguild.org
RELATED:
@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/...
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.
Jennifer Maas / Variety:
AMC reports Q3 net revenue down 16% YoY to $681M as US ad sales dropped 10% YoY, and says it has 11.1M subscribers and streaming revenue grew 41% YoY  —  AMC Networks reported its third-quarter 2022 earnings Friday, revealing it hit 11.1 million paid streaming subscribers by the end of Q3 …
Jay Peters / The Verge:
Hands-on with Netflix's Basic with Ads: while most shows have pre-roll ads, mid-roll ads are more unpredictable; many popular shows are locked to higher tiers  —  Clicking into something on Netflix's new ads tier is a roll of the dice: you never know how many ads you might have to sit through.
 
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 More News: 
Chloe Chaplain / The i Paper:
Source: amid free speech criticism, the UK plans to remove the Online Safety Bill's “legal but harmful” content rules, except for material targeted at children
Sarah Perez / TechCrunch:
Substack announces Chat, an opt-in feature letting writers host discussions with their subscribers, available in the Substack iOS app and coming soon to Android
 Earlier Picks: 
Rachel Hall / The Guardian:
The BBC says The Papers episode where host Martine Croxall said she was “gleeful” when Boris Johnson pulled out of the race did not meet impartiality standards
Matthew Keys / The Desk:
Dish raises Sling TV prices to $40/month, double the price the company charged upon launching the base package seven years ago, and $55/month for both packages
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
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