Top News:
Oliver Darcy / CNN:
Sources: Protocol, the tech news-focused website launched by Robert Allbritton in early 2020, will shutter later this week and lay off its entire staff of ~60 — New York CNN Business — Protocol, the upstart technology news website launched by former Politico owner and publisher Robert Allbritton …
Discussion:
@oliverdarcy, @issielapowsky, New York Post, @nickstatt, @fmanjoo, @ashleymayer, @mmasnick, @ballmatthew, @aricohn, @pierce, Talking Biz News, @tcarmody, @tcarmody, @patrickmcgee_, @rmac18, @caitlinwolper, @bombur, @tonyromm, @markyarm, @passantino, @jbenton, @thedextriarchy, @taylorlorenz, @scottnover, @maxwelltani, @kcoxdc, @jank0, @birnbaum_e, @patbits, @sheila_dang, @dannyjpalmer, @benbrodydc, @keithchu, @edzitron, @jake_k, @gaberivera, @karlbode, @ebonybowden, @bendreyfuss, @anna_c_kramer, @jtemple, @jamesliamcook, @blkahn, @donie, @viacristiano, @tcarmody, @karlbode and @jasonhowell, more at Techmeme »
Alex Sherman / CNBC:
David Zaslav says the ad market is weaker than at any point in 2020 and that HBO went from making $2B in 2019 to losing ~$3B in 2021 as content spending surged — - Warner Bros. Discovery CEO David Zaslav spoke Tuesday at RBC's 2022 Global TIMT Conference in New York.
Matt Novak / Gizmodo:
The New York Times' bizarre SBF profile presents the disgraced founder through a gauzy lens, fails to challenge him, and gives him the benefit of the doubt — FTX filed for bankruptcy on Friday, leaving reasonable people to wonder how a cryptocurrency platform founded in 2019 …
Discussion:
New York Times, @ercwl, The Verge, NPR, New York Post, Bloomberg, Fortune, @austen, @antoniogm, @aaron_renn, @kevinroose, @dandarkpill, @mayazi, @adamscochran, @dominicmadori, Cointelegraph, @ulonnaya, @coloradotravis, @trungtphan, @shitmgmtsays, @renato_mariotti, @0xsisyphus, @jamesgleick, @johnedeaton1, @diviacaroline, @abelmike, @coloradotravis, @dominic2306, Brad DeLong's Grasping Reality, @krugermacro, @chainlinkgod, bookforum.com and Insider, more at Techmeme »
Axios:
Sources: the consortium in exclusive talks to buy Forbes includes investment firms GSV Ventures and SUN Group, in a deal that values Forbes at ~$800M — After a chaotic path ended in a failed SPAC IPO earlier this year, Forbes Media is now in exclusive talks to sell to a consortium of investors …
Discussion:
Observer and Talking Biz News
Isabel Debre / Associated Press:
Israel says the US DOJ opened an investigation into the fatal shooting of Palestinian American journalist Shireen Abu Akleh, calling the probe a “grave mistake” — Israel's Defense Minister Benny Gantz said Monday the U.S. Department of Justice has launched an investigation …
Discussion:
Axios, Haaretz, The Times of Israel, Al Jazeera, @ap, @borzou, @hadas_gold, @jdakwar, @freedomofpress, Semafor, @zekejmiller, @kampeas, @digiphile, Committee to Protect …, Wall Street Journal, The Times of Israel, Reuters, National Press Club, BBC, Jerusalem Post, Washington Post, Associated Press, Al Jazeera, The Hill, Proximities, The Guardian and The Hill
J. Clara Chan / The Hollywood Reporter:
BuzzFeed reports Q3 revenue up 15% YoY to $103.7M, a $27M net loss, vs. $3.6M YoY, time spent down 32% YoY to 151M hours, and ad revenue flat YoY at $50.4M — Total revenue reached $103.7 million for the quarter, representing a 15 percent year-over-year increase.
Discussion:
Press Gazette, @rafat, AdExchanger, Dow Jones Newswires and BuzzFeed
Sara Fischer / Axios:
Sources: European PE firm CVC and media collective Group Black are pursuing a joint bid to buy Vox Media, though Vox is not looking to sell — CVC Capital Partners and Group Black are pursuing a joint bid to buy Vox Media, according to sources familiar with the matter.
Discussion:
The Wrap, @jessicalessin, @joshtpm, @ethangach and @strngwys
Financial Times:
YouTube introduces Shorts shopping features, letting users buy products while scrolling through videos, diversifying its revenue streams during a weak ad market — World's biggest online videos platform seeks new forms of revenue — YouTube is ramping up its push into ecommerce …
Discussion:
PRWeek, CNET, TechCrunch, The Verge, City A.M. and @mattnavarra, more at Techmeme »
Dominic Ponsford / Press Gazette:
The editor of the UK's Tortoise says podcasting is profitable for the slow news publisher and the “bedrock of everything we do”, despite huge investment costs — The editor of Tortoise Studios, Ceri Thomas, has told Press Gazette how podcasts went from an experiment …
Discussion:
@adamrutherford
Lorenzo Tondo / The Guardian:
Trial of Italian journalist Roberto Saviano begins after Prime Minister Meloni sued him for defamation for calling her a “bastard” — Giorgia Meloni is suing Gomorrah writer for criminal defamation over comments about her migrant policy — The Italian writer Roberto Saviano …
Discussion:
@guyverhofstadt, @pen_int, The Hill, The Hollywood Reporter and Deadline
Christopher Palmeri / Bloomberg:
Disney plans to air the first two episodes of Andor on Hulu, ABC, FX, and Freeform cable channels starting November 23 as a way to promote Disney+ — Walt Disney Co. will air the first two episodes of its Star Wars TV series Andor on several of its broadcast and cable TV outlets …
Discussion:
CNET, IndieWire, Variety, The Playlist, Decider, Collider, The Hollywood Reporter, TVLine, ScreenRant, SlashFilm, The Streamable, Gizmodo, Deadline, Next TV, The Wrap, The Verge and Media Play News
Stuart Dredge / Music Ally:
Tencent Music reports Q3 revenue down 5.6% YoY to ~$1.04B and net profit up 38.7% YoY to ~$154M; paying subscribers grew 19.8% YoY to 85.3M — Chinese music-streaming giant Tencent Music Entertainment (TME) has published its financial results for the third quarter of 2022.
Discussion:
Digital Music News, Variety, Music Business Worldwide, @musically, Tencent Music and Reuters
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