Top News:
Wall Street Journal:
Elon Musk says Twitter suffered “a massive drop in revenue” due to activist groups pressuring advertisers, despite doing “everything” to “appease the activists” — Chief of social-media company cites activist groups pressuring advertisers, as many staffers brace to lose jobs
Discussion:
@elonmusk, @laurenshirsch, Semafor, New York Times, CNBC, Insider, Grid News, The Verge, @erininthemorn, @loupas, Politico, Bloomberg, GeekWire, @nickstatt, @golub, @emptywheel, ABC7, The Daily Wire, @sruhle, @adam_creighton, @laurenshirsch, @ngrossman81, Fortune, Raw Story, @bgrueskin, @heerjeet, @ggreenwald, @gregstohr, @oliverdarcy, @nichcarlson, @therickwilson, @scottnover, @mattgertz, @mattgertz, @elivalley, @jeffjarvis, Bloomberg, Rolling Stone, Variety, AppleInsider, @elivalley, New Republic, The Daily Beast, @bradmossesq, @loudmouthjulia, Deadline, @evanhill, Reclaim The Net, The Guardian, PRWeek, Quartz, New York Post, The Hill, The Post Millennial and Boing Boing, more at Techmeme »
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Faiz Siddiqui / Washington Post:
Twitter lays off about half its staff, sending a “Your Role at Twitter” email to their company account for those staying and personal account for those leaving — Employees said the layoffs came across teams, as Twitter broadly reduced its workforce.
Discussion:
Bloomberg, CNN, New York Times, New York Magazine, Insider, The Indian Express, BBC, Awful Announcing, Deadline, Vanity Fair, Axios, Raw Story, Timeless & Timely, New York Post, ABC7, TMZ.com, The A.V. Club, al.com, @rmac18, @byronyork, @jesselehrich, Al Jazeera, Quartz, ZDNet, Engadget, Gizmodo, Insider, Scroll.in, Reuters, The Daily Wire, CNET, The Guardian, The Wrap, The Information, The Hill and The Hollywood Reporter, more at Techmeme »
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
Discussion:
@jimvandehei, PRWeek, New York Magazine, Insider, Rolling Stone, Washington Post, Engadget, The Drum, Fortune, @sarafischer, @sarafischer, @alexweprin, Mediaite, @sarafischer, The Daily Wire, CNN, #hottakeoftheday, @moveincircles, TechCrunch, @sarafischer, The Wrap, @alexweprin, Bloomberg, New York Post, @benmullin, @werty, @digiday, @gregbensinger, @fpwellman, @jason_kint, AdExchanger, Financial Times, The Guardian, Ad Age, Barrett Media and Vanity Fair, more at Techmeme »
Alex Sherman / CNBC:
Sources: Shonda Rhimes is among several creators telling Netflix that midroll ads disrupt storytelling; Netflix doesn't plan to share ad revenue with creators — - Shonda Rhimes, the high-powered producer behind “Bridgerton,” is among creators who have told Netflix they feel midroll advertising disrupts …
Discussion:
@mgsiegler and @taylorbuley
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Jay Peters / The Verge:
Hands-on with Netflix's Basic with Ads: most shows have pre-roll ads, the number of mid-roll ads is unpredictable, and many popular shows require a higher tier — 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.
Discussion:
@sherman4949, MediaPost, 9to5Mac, @richlightshed, IGN India, @sherman4949, Deadline, Engadget, The Verge, The Verge, CNET, Tubefilter, Inverse, 9to5Google, Collider, Forbes, Variety, Gizmodo, TechCrunch, The Streamable and Radio Times, more at Techmeme »
Jason Guerrasio / Insider:
The US DOJ charges two former MoviePass executives in a securities fraud case for allegedly trying to artificially inflate parent company HMNY's stock price — - Lowe and Farnsworth have been charged in a securities fraud case by the Department of Justice.
Discussion:
Financial Times, Bloomberg, CNBC, The Verge, U.S. Department of Justice and IndieWire, more at Techmeme »
Richard J. Tofel / Second Rough Draft:
Institutional investors like the Knight Foundation should give grants directly to news nonprofits rather than going through intermediaries like the INN and LION — Given limited resources, shouldn't more money go to news orgs directly, even if that means making hard choices?
Discussion:
@localmediarocks, @frannydink, @raju, @niemanlab, @ghanscom, @pilhofer, @jmhaigh, @localmediarocks, @dankennedy_nu, @dicktofel, @irenemckisson, @dw_grant and Nieman Lab
Josh Eidelson / Bloomberg:
US Thomson Reuters journalists represented by the NewsGuild vote to authorize a strike if progress isn't made in contract talks, which resume on November 14 — Thomson Reuters Corp. journalists in the US have authorized their union to call a strike against the media company …
Discussion:
@josheidelson and nyguild.org
Brian Steinberg / Variety:
Sources: MSNBC decided not to renew its contract with Tiffany Cross, the weekend host of Cross Connection, after executives grew concerned about her commentary — Tiffany Cross, the MSNBC weekend host who was known for running a freewheeling commentary program, is leaving the NBCUniversal-owned cable-news outlet.
Discussion:
Newser, @keitholbermann, @ynb, @marclamonthill, New York Post, Forbes, Los Angeles Times, TVLine, @deetwocents, Fox News, @ksvarnon, @delanosquires, @whstancil, @akilahobviously, @sianmorson, @kumarraonyc, @wesleylowery, The Daily Beast, @taradublinrocks, @michaelsmith, @whstancil, Mediaite, The Wrap, Barrett Media, Deadline, @ellenbarkin, @ynb, @natsechobbyist, @exavierpope, @adamserwer, The Post Millennial, The Daily Wire, The Hollywood Reporter and The Hill
Alexandra Bruell / Wall Street Journal:
Over 200 employees from 14 Gannett newsrooms are staging a one-day strike to push for better wages and benefits while protesting layoffs and other cost-cutting — Protest across 14 newsrooms follows recent layoffs and cost-cutting at local-news publisher — More than 200 Gannett Co. staffers …
New York Times:
How a Los Angeles police captain helped suppress details of a 2017 police report with sexual assault claims from the 1980s against former CBS CEO Leslie Moonves — A captain in the department, who had moonlighted as a security guard for CBS, disclosed to the network information …
Discussion:
@rachelabramsny, Washington Post, Variety, Los Angeles Times, CBS News, Newser and The Indian Express
Jason Gurwin / The Streamable:
Disney plans to increase the Hulu + Live TV base plan from $69.99/month to $74.99/month and the no-ads bundle from $74.99/month to $82.99/month on December 8 — Some customers were surprised when they began to receive a notification in the Hulu App of an upcoming price increase to Hulu + Live TV.
Discussion:
AppleInsider, @abnormalreturns, TechCrunch, Cord Cutters News and Engadget
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.
Discussion:
Frankly Magazine, Billboard, Music Ally and Digital Music News
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