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5:10 PM ET, November 5, 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:
Paul Farhi / Washington Post:
NBC News retracts an erroneous story about the attack on Paul Pelosi that relied on an unnamed source, saying the story did not meet its standards  —  People at the network said the ‘Today’ show report was based on ‘unreliable’ information from a source who was unnamed in the story.
Brian Morrissey / The Rebooting:
Elon Musk's focus on Twitter Blue is part of a trend in which consumer tech platforms pivot away from advertising to recurring revenue through subscriptions  —  Tech's marriage of convenience to the ad industry hits the rocks  —  Request: Please fill out this survey as I think through what a Rebooting membership plan would look like.
Rory Carroll / The Guardian:
Lyra, Alison Millar's documentary film about murdered Northern Irish journalist Lyra McKee, is out now in UK and Irish theaters and on Channel 4 next year  —  An intimate documentary on the writer, who was shot dead at a riot in Derry, is released this week - tracing her impact on those around her and the fury that followed her killing
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.
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 …
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
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 …
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.
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 …
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 More News: 
Dawn Chmielewski / Reuters:
Fox wins 10-year right to buy an 18.6% stake for $3.72B in sports betting company FanDuel at a $20B valuation, settling a dispute with majority owner Flutter
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
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
 Earlier Picks: 
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
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
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

From Techmeme:

Safe Superintelligence Inc.:
Ilya Sutskever, Daniel Gross, and Daniel Levy announce Safe Superintelligence, an American company “with one goal and one product: a safe superintelligence”

Asa Fitch / Wall Street Journal:
As Nvidia passes Microsoft's market cap, John Chambers, who was Cisco's CEO when Cisco passed Microsoft in the dot-com boom, says the situation now is different

Katharine Gemmell / Bloomberg:
The UK CMA opens a merger inquiry into HPE's $14B acquisition of Juniper Networks, setting an August 14 deadline to decide on opening a full investigation

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