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4:30 AM ET, October 5, 2023

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 Top News: 
Sheila Dang / Reuters:
Guideline: X's monthly US ad revenue has declined 55%+ YoY in each of the 10 months since Elon Musk's Twitter takeover in October 2022 through August 2023  —  Monthly U.S. ad revenue at social media platform X has declined at least 55% year-over-year each month since billionaire Elon Musk bought …
Bloomberg:
Sources: AT&T is exploring options for its 70% DirecTV stake, such as adding a new investor or selling the stake and exiting the venture as early as August 2024  —  - Telecoms giant majority owns DirecTV with private equity TPG  — Declining pay-TV customer base has cut into AT&T's cash flow
Discussion: The Desk and Cord Cutters News
Natalie Korach / The Wrap:
X starts removing preview headlines from posts with article links, showing only the lead image and domain name; Elon Musk mentioned the change in August 2023  —  The platform formerly known as Twitter now only displays outside sites' featured images on its iPhone app
Ashley Carman / Bloomberg:
Memo: Amazon is shutting down Amp, its live audio streaming app launched in March 2022 that let users act like DJs by playing music and talking alongside songs  —  The service launched in March 2022 following a frenzy around live-audio services during the pandemic.
Freedom of the Press Foundation:
Over 50 media and civil rights groups write to US AG Merrick Garland, demanding transparency over the FBI raiding Tim Burke's house and seizing his equipment  —  FOR IMMEDIATE RELEASE:  —  An FBI raid on the home newsroom of Florida journalist Tim Burke in May prompted over 50 organizations …
The Hindu:
The actions on NewsClick by India's government, which has shown itself to be intolerant of critical journalism, smack of extreme vendetta and brazen harassment  —  The arrests and actions in the Newsclick case are aimed at a chilling effect  —  Even for a government that has shown itself …
Deadline:
SAG-AFTRA and the AMPTP met on October 4 for contract negotiations to end the strike, with studio CEOs attending, and plan to meet on October 6 and on October 9  —  SAG-AFTRA and the Alliance of Motion Picture and Television Producers on just wrapped their second day of renewed talks …
Georg Szalai / The Hollywood Reporter:
Wall Street and music industry analysts see Spotify's move into audiobooks as an opportunity for the company to increase its profit margins and value for users  —  An Evercore ISI analyst expects the effort to be a higher margin business than its music offerings, while a Morgan Stanley expert highlighted …
Peter Kafka / Vox:
Netflix and Max both offering Dune illustrates a strategic shift at Big Media companies, which Wall Street has pushed to cut spending and generate more revenue  —  Remember when Netflix's competitors, like Warner Bros., kept their biggest stuff on their own streaming services?  That's so 2021.
Hamilton Nolan / How Things Work:
Cable news networks continue to hire politicians' relatives and former White House flacks as news anchors, breaking the most basic rules of ethical journalism  —  It's kind of impressive how long cable news has been openly corrupt.  —  When you work in the parts of the media where I have spent …
Anna Nemtsova / The Daily Beast:
The family of award-winning Ukrainian journalist Victoria Roshchyna says she has been missing since August 3, when she returned to Russian-occupied territory  —  Victoria Roshchyna has been missing since Aug. 3.  Her father told The Daily Beast that her family is desperate to find out where she is.
 
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 More News: 
Sarah Scire / Nieman Lab:
The Messenger hires AI company Seekr to flag clickbait, bias, and more; reporters can get a score reflecting their political lean that is visible to readers
Ian Youngs / BBC:
GB News fires hosts Laurence Fox and Calvin Robinson after concluding its internal investigations, and says its “investigation into Dan Wootton continues”
Mia Sato / The Verge:
Patreon rolls out new features for creators and fans, like a new visual brand identity, a revamped mobile app, an updated home feed, and free membership tiers
Sarah Perez / TechCrunch:
Meta rolls out generative AI features for advertisers, including to create backgrounds, expand images, and write versions of ad text based on the original copy
 Earlier Picks: 
Todd Spangler / Variety:
WBD hikes the monthly price of Discovery+ without ads in the US from $6.99 to $8.99 and in Canada from CA$6.99 to CA$8.99; the US ad tier remains at $4.99/month
Nicholas Casey / New York Times:
A look at Monitor Michoacán, a Mexican news outlet that closed after two of its journalists reporting on drug violence and government corruption were murdered
Samanth Subramanian / The Guardian:
A profile of Michael Lewis, as he talks about his new book, Going Infinite, why he considers SBF to be essentially genuine, The Blind Side controversy, and more
 

 
From Techmeme:

Cecilia D'Anastasio / Bloomberg:
Take-Two announces a fall 2025 release date for GTA VI, reports Q4 bookings down 3% YoY to $1.35B, and lowers its FY 2025 bookings forecast from $7B+ to $5.55B+

Wall Street Journal:
DOJ charges five people for allegedly duping 300+ US companies into hiring North Korea-linked remote IT workers and helping fund the country's nuclear program

Javier Espinoza / Financial Times:
The EU opens a formal DSA investigation into Meta, to assess if Facebook, Instagram, and its other apps were reinforcing “rabbit hole” effects and other issues
 
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