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6:53 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 the creators telling Netflix that midroll ads disrupt storytelling, and Netflix doesn't plan to share ad revenue with them  —  - Shonda Rhimes, the high-powered producer behind “Bridgerton,” is among creators who have told Netflix they feel midroll advertising disrupts their storytelling, sources say.
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 make grants directly to news nonprofits rather than going through intermediaries like 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 remains stalled in contract talks, which resume November 14  —  Thomson Reuters Corp. journalists in the US have authorized their union to call a strike against the media company …
Discussion: @josheidelson and
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 …
Brian Steinberg / Variety:
Sources: MSNBC did not renew the contract of Tiffany Cross, 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.
Sources: Apple is building an advertising network for live television as part of its deal to stream Major League Soccer games from February 2023  —  Apple Inc. is building an advertising network for live television as part of its deal to stream Major League Soccer games next year, according to people with knowledge of the matter.
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.
Jason Gurwin / The Streamable:
Hulu + Live TV prices go up on December 8: the base plan rises from $69.99/mo to $74.99/mo, and the bundle with no ads rises from $74.99/mo to $82.99/mo  —  Some customers were surprised when they began to receive a notification in the Hulu App of an upcoming price increase to Hulu + Live TV.
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 More News: 
Financial Times:
Sources: Rishi Sunak is expected to drop the 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