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3:20 AM ET, October 27, 2023

Mediagazer

 Top News: 
Annie Palmer / CNBC:
Amazon Q3: ad revenue up 26% YoY to $12B, vs. $10.4B est., subscription revenue up 14% YoY to $10.1B, and North America segment sales up 11% YoY to $87.9B  —  - Amazon blew past analyst expectations for revenue and earnings in the third quarter.  —  Andy Jassy, CEO, Amazon
RELATED:
Jason Kilar / Variety:
As linear TV wanes and YouTube and TikTok grow, Hollywood studios and sports leagues need to deliver a product so good that 9 out of 10 households will buy it  —  Hollywood is hurting.  The financial backbone of the industry — linear television — is rapidly shrinking as consumers continue to cut the cord at alarming rates.
Josh Gerstein / Politico:
A federal judicial panel says it cannot allow live TV coverage of two Trump criminal trials set for next year, after requests from media and 38 US House members  —  A courts committee says it lacks authority to modify a broadcasting ban in time for the historic criminal cases against the former president.
Will Sommer / Washington Post:
Staff at USA Today's Reviewed say Gannett is undermining them by publishing articles that appear to be AI-generated and using fake bylines, which Gannett denies  —  Staff writers at Reviewed suspect that management published stories written by AI under the names of non-existent writers.
Brian Stelter / The Hollywood Reporter:
Conversations with 24 employees from ABC, NYT, and other outlets reveal the challenges of covering the Israel-Hamas war, including disinformation and defamation  —  An inside look at how correspondents are juggling online harassment even as they dodge the dangers of real-time reporting in the escalating conflict.
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The Daily Beast:
Al Jazeera reports that the wife, son, and daughter of its Gaza bureau chief, Wael Al-Dahdouh, were killed by an Israeli airstrike on the Nuseirat refugee camp
Andrew Tarantola / Engadget:
Leica releases the $9,480 M11-P camera, which watermarks photos with the Content Credentials metadata system, created by advocacy groups to fight misinformation  —  It automatically watermarks photos with Content Credentials metadata.  —  It's getting to the point these days that we can't even trust …
Mark Miller / TVNewsCheck:
Nexstar and ReachTV announce a distribution deal for NewsNation and The CW's sports programming, reaching 500K hotel rooms and 2,500+ TVs across 90+ US airports  —  Nexstar Media Group and ReachTV today announced that they are partnering to extend the distribution of Nexstar's cable news network NewsNation …
Washington Post:
Although creators are an economic juggernaut in the US, the industry remains broadly unregulated and largely fails to appear in the Census Bureau's job index  —  The U.S. Census Bureau tallies for the federal government an extensive list of 22,607 American industries, recognizing those who work …
Tristan Kirk / London Evening Standard:
The Noel Clarke vs. The Guardian libel trial begins; the actor sued the newspaper for £10M for calling him a “sexual predator”, based on testimony from 20 women  —  TV star says Guardian articles that accused him of sexual misconduct and bullying had ‘catastrophic’ impact on his career
Discussion: The Messenger and Variety
Wall Street Journal:
Private equity firm Silver Lake, which owns ~71% of Endeavor Group Holdings's voting stake, is working on a plan to take the company private; EDR jumps 24%+  —  The owner of WME and IMG said it was exploring options, but will keep its majority interest in TKO, the company that controls UFC and WWE
RELATED:
Mike Calia / CNBC:
Endeavor, Ari Emanuel's talent agency and sports company, announces a formal review of strategic alternatives for the company, which could mean a potential sale
 
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 More News: 
Hannah Murphy / Financial Times:
Meta reports Q3 revenue up 23% YoY to $34.15B and net income up 164% YoY to $11.58B, but CFO Susan Li warns the company has observed “softer ad spend” in Q4
Ben Mullin / @benmullin:
Jeff Bezos emails Washington Post staff: he is “committed to the future of the Post” and thinks “long term it's important that The Post return to profitability”
Etan Vlessing / The Hollywood Reporter:
Comcast reports NBCU Q3 revenue up ~1% YoY to $10.56B and a $1.97B adjusted EBITDA; Peacock had 28M subscribers, a $565M loss, and revenue up 64% YoY to $840M
 Earlier Picks: 
Financial Times:
Publisher Basic Books admits to apparent plagiarism in UK Shadow Chancellor's Rachel Reeves new book about women economists, including from Wikipedia and blogs
Sarah Perez / TechCrunch:
Direqt, which offers customizable AI chatbots to ESPN, GQ, Wired, Vogue, and other media companies, raised a $4.5M seed from Todd Parker, Dan Marino, and others
Jon Allsop / Columbia Journalism Review:
A look at Israeli Minister of Communications Shlomo Karhi's push to shut down Al Jazeera's Israeli operations, following his attempts to overhaul Israel's media
Tim Ingham / Music Business Worldwide:
Sources: Spotify plans major changes to its royalty model in Q1 2024, including a threshold of minimum annual streams before a track starts generating royalties