Mediagazer: Snap reports Q3 revenue up 5% YoY to $1.19B, vs. $1.11B est., net loss up 2% YoY to $368M, DAUs up 12% YoY to 406M, vs. 405.7M est., and won't give Q4 guidance (Jonathan Vanian/CNBC)

5:05 PM ET, October 24, 2023

Top News:

Todd Spangler / Variety:

YouTube Q3 ad revenue rose 12.5% YoY to $7.95B, vs. $7.81B est.; in Q3 2022, YouTube's ad revenue fell short of expectations after falling 1.9% — Internet video giant YouTube larded its coffers with $7.95 billion in ad revenue for third quarter of 2023, representing a 12.5% year-over-year increase …

Discussion: Alphabet Inc., @tookthescenicroute … and The Hollywood Reporter, more at Techmeme »

Jonathan Vanian / CNBC:

Snap reports Q3 revenue up 5% YoY to $1.19B, vs. $1.11B est., net loss up 2% YoY to $368M, DAUs up 12% YoY to 406M, vs. 405.7M est., and won't give Q4 guidance — - As part of Snap's “internal forecast,” the company said that it expects sales in its fourth quarter to fall in the range …

Discussion: Variety, Bloomberg, @jonathan_vanian_1@threads.net, @alexheath@threads.net, The Hollywood Reporter, Snap Inc. and Observer, more at Techmeme »

Wall Street Journal:

The entertainment industry grapples with the same debates over the Israel-Hamas war that are playing out on college campuses, in offices, and among friends — Dave Chappelle spars with a fan; writers union members criticize leaders over silence — A midshow spat between comedian Dave Chappelle and a fan.

Discussion: Rolling Stone, The Hill, Bollyinside, Los Angeles Times, The Wrap, Variety, The Hollywood Reporter, The Wrap and Vibe

Sharon Knolle / The Wrap:
WGA East explains that the union hasn't released a public statement about the Israel-Hamas war to protect its journalist members, which make up 40% of the guild

Discussion: Variety, Bollyinside, The Hollywood Reporter, Deadline, New York Times and WGA for Peace

Mark Gurman / Bloomberg:

Sources: Apple plans to update tvOS with a redesigned TV app around December and discontinue some of its Apple TV apps to steer more users toward the TV app — - Company envisions one place for customers to find video — Dedicated apps for buying movies and shows will be phased out

Discussion: The Streamable, Macworld, Engadget, @markgurman, MacRumors and 9to5Mac, more at Techmeme »

Brian Schwartz / CNBC:

Tucker Carlson's Last Country signed its first advertising deal, worth at least $1M, with conservative-friendly shopping app Public Square, on October 20 — - Former Fox News host Tucker Carlson's new media company signed its first advertising deal. — The agreement is with conservative …

Discussion: The Hill, @pogue.bsky.social, Michael Seifert on LinkedIn and The Wrap

Melissa Heikkilä / MIT Technology Review:

A look at Nightshade and Glaze, UChicago researchers' tools that help artists “mask” or even “poison” their work to break AI models later trained on the data — A new tool lets artists add invisible changes to the pixels in their art before they upload it online …

Discussion: The Daily Beast, Krista Jäntti on LinkedIn, Krista Jäntti on LinkedIn, Theo Priestley on LinkedIn, Dubravko Dolic on LinkedIn, Engadget, Rafael Brown on LinkedIn, Prof J. Mark Bishop on LinkedIn, @moh_kohn@mastodon.scot, @vruz@mastodon.social, @rthornton777@mastodon.social, @00Aaron@social.coop and @ashedryden@scholar.social

CNN:

Asked about their coverage of the hospital blast in Gaza, the WSJ declines to comment, the AP and Al Jazeera ignore inquiries, Reuters and CNN admit no fault — Most news organizations seem eager to sweep last week's negligent coverage of the Gaza hospital explosion under the rug …

Discussion: Vanity Fair, @charlottetklein, @coreypein.bsky.social and Nieman Lab

Anja Karadeglija / National Post:

The Canadian Association of Broadcasters urges the government to also regulate services beyond Google's and Meta's, like Apple News, under the Online News Act — The association said only Google and Meta are covered by the Online News Act, ‘even though there are other platforms that benefit from the distribution of news content’

Discussion: @jbenton and @jbenton

Chris Welch / The Verge:

Crunchyroll launches its streaming service on Amazon's Prime Video Channels in the US for $7.99+ per month, and coming to Canada, Sweden, and the UK this week — If you're a Prime Video subscriber, beginning today, you can start streaming Crunchyroll, the popular anime service, right from inside the Prime Video app.

Discussion: Screen Rant, The Streamable, Engadget, Collider, About Amazon, Cord Cutters News, Billboard, Next TV, Deadline, Media Play News and The Wrap

Marisa Kabas / The Handbasket:

A dozen female former Rolling Stone employees describe Jann Wenner's office culture as “a dictatorship” with “palpable fear” and “a horrible place for women” — “The men were very angry all the time, and some of them would have full on fits—like, full-on toddler-like tantrums."

Discussion: @marissarothkopfeats …, @sareneleedswrites@threads.net, @jorcru.bsky.social, @franzferdinand2.bsky.social, @aprilrc.bsky.social, @markshore.bsky.social, The Daily Beast, @marisakabas.bsky.social, @ferrifrigida.bsky.social, @whatisdoni.bsky.social and Rolling Stone

Elvira Pollina / Reuters:

DAZN and Sky retain the rights to screen live Serie A matches in Italy for the next five seasons, after 17 of 20 Italian soccer clubs approved bids worth €4.5B+ — DAZN and Sky will keep the rights to screen live Serie A matches in Italy for the next five seasons after Italian clubs …

Discussion: @tariqpanja, Forbes, The Athletic, Ian Nuttney on LinkedIn, SportsPro, WORLD SCREEN, Sportico, Broadband TV News, Front Office Sports and Bloomberg

Ashley Carman / Bloomberg:

Spotify Q3: revenue up 11% YoY to €3.4B, MAUs up 26% to 574M, subscribers up 16% YoY to 226M, and €32M operating income, vs. a €44.6M loss est.; SPOT jumps 9%+ — Spotify Technology SA rose the most since January after the music-streaming giant reported third-quarter results …

Discussion: Yahoo Finance, The Information, The Wrap, The Verge, Deadline, Billboard, Digital Music News, Music Ally, @richlightshed, The Hollywood Reporter and Spotify, more at Techmeme »

Science:

Science open-access journal eLife fires EIC Michael Eisen for quote posting an Onion article on X about Palestinians; eLife editor Lara Urban resigns in protest — eLife's Michael Eisen ousted for social media posts perceived as siding with Palestinians over Israel

Discussion: New York Post, Mediaite, @gonzalormoreira, @mbeisen, The Daily Beast, @acdha@thepit.social, @agoldmund, @heavyredaction, @joelmathis.bsky.social, @mostlyphysics@fediscience.org, @elisabethbik.bsky.social and @kameryn.bsky.social

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Brian Steinberg / Variety:
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Discussion: Lucas Shaw on LinkedIn and Bollyinside

The Daily Beast:
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Discussion: Defector, Mediaite, The Wrap, @jbenton, @jayrosen_nyu, @mediaevan, @jayrosen_nyu, @jbenton and @paleofuture.bsky.social

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Jay Peters / The Verge:
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Aisha Malik / TechCrunch:
TikTok tests letting users upload 15-minute videos, after raising its maximum video limit to 10 minutes in February 2022, to attract longer-form video creators

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