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7:50 PM ET, November 4, 2022


 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
Faiz Siddiqui / Washington Post:
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
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
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.
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?
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
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.
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 …
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.
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.
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 More News: 
Sources: Apple is building a live TV ad network and talking to ad partners as part of its deal to stream Major League Soccer games starting in February 2023
Financial Times:
Sources: Rishi Sunak is expected to drop the proposed sale of Channel 4 from a broader media bill aiming to bring Britain's broadcasting into the digital age
 Earlier Picks: 
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
[Thread] Insider's union demands that management bargain over changes in writers' metric goals and the elimination of roles, after the paywall strategy shifts
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