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11:45 AM ET, November 1, 2023

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 Top News: 
Cheyenne Roundtree / Rolling Stone:
Filing: text messages show HBO execs used fake Twitter accounts to troll TV critics and drop comments on trade outlet stories between June 2020 and April 2021  —  Casey Bloys ordered staffers to create fake accounts to fire back at critics, according to text conversations reviewed by Rolling Stone as part of a new lawsuit
Financial Times:
Sources: Hunterbrook, founded by investor Nathaniel Brooks Horwitz and writer Sam Koppelman, plans a $100M fund to trade on stories unearthed by its news arm  —  Fund would get exclusive access to market-moving stories before they are published  —  A group of veteran US financial journalists …
Gerry Shih / Washington Post:
Apple told some Indian journalists that they had been targeted in state-backed iPhone cyberattacks, without attributing “any specific state-sponsored attacker”  —  NEW DELHI — Apple has warned at least 20 prominent Indians, including opposition politicians and journalists …
New York Times:
Condé Nast plans to cut ~5% of its workforce, or ~270 staff, citing digital ad pressures, a decline in social media traffic, and shifting audience behaviors  —  Roger Lynch, the chief executive, said the company was grappling with digital advertising pressures, a decline in social media traffic and shifting audience behaviors.
Ng Hong Siang / Channel NewsAsia:
SPH Media, Singapore's largest news publisher, plans to acquire Tech in Asia, which has ~90 employees across the region, and does not anticipate any layoffs  —  Sorry, the audio is unavailable right now.  Please try again later.  —  SINGAPORE: SPH Media has entered into an agreement …
Howard Koplowitz / al.com:
Alabama's Atmore News says its publisher and one of its reporters were arrested on October 25 for allegedly revealing grand jury secrets in a COVID funds report  —  A press freedom group on Tuesday called for charges to be dropped against the Alabama newspaper publisher and a reporter arrested Friday …
Kyle Wiggers / TechCrunch:
Vespa.ai, which recently spun out from Yahoo and drives searches and related-article recommendations on Yahoo-owned sites, raised $31M led by Blossom Capital  —  Vespa.ai, the big data serving engine that just a few weeks ago spun out from Yahoo (full disclosure: TechCrunch's parent company) …
Helen Coster / Reuters:
Thomson Reuters reports Q3 revenue up 1% YoY to $1.59B, News revenue up 6% YoY to $180M, operating profit up 11% YoY to $441M, and announces a $1B stock buyback  —  Thomson Reuters Corp (TRI.TO) on Wednesday reported higher-than-expected third-quarter profit as its biggest divisions serving legal …
Discussion: @pressgazette and Thomson Reuters
Brian Steinberg / Variety:
Shareholder letter: Netflix says its ad tier has 15M+ MAUs globally, accounting for ~30% of new sign-ups where it's available, and plans new ad formats for 2024  —  Netflix is ready to use “The Crown,” “Squid Game” and other signature series to take ad dollars from rival streamers.
Ted Johnson / Deadline:
In a US Copyright Office filing, the MPA says there is “no need” for new copyright legislation or special rules for AI and warns against “inflexible” guidelines  —  - MPA Sees “No Need” For New AI Copyright Legislation Or Special Rules, Warns Of “Inflexible” Guidelines
Discussion: @ladykatebond and CMU
Max Tani / Semafor:
Forbes journalists say some sources are refusing to give them sensitive information due to Forbes' new reported ownership by Russian businessman Magomed Musaev  —  The Scoop  —  Forbes journalists have told the publication's management that some sources are refusing to share sensitive information …
Discussion: @maxwelltani
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 More News: 
Taylor Lorenz / Washington Post:
A look at some of the creators who report and aggregate news on TikTok, YouTube, Instagram, and more, as people under 35 move away from traditional news outlets
 Earlier Picks: 
Dan Milmo / The Guardian:
The Guardian says its reputation was damaged after Microsoft Start placed an AI-generated poll about a woman's death next to the outlet's article about her
 

 
From Techmeme:

Gavin Anderegg / anderegg.ca:
Bluesky is working to become fully decentralized but it could take years amid financial concerns as it makes money only by selling domains for usernames

Wall Street Journal:
Sources: ByteDance is valuing itself at about $300B as part of a recent buyback offer, one of its highest valuations ever

Wall Street Journal:
Sources: T-Mobile's network was among the systems hacked by the China-linked Salt Typhoon group, and some foreign telecommunications firms were also compromised
 
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