Top News:
Mark Stenberg / Adweek:
Sources: Recurrent Ventures dismisses CEO Alex Vargas after one year and elevates its co-founder and former North Equity Managing Director Andrew Perlman to CEO — Co-founder Andrew Perlman, a private equity executive, replaces Alex Vargas in the role — The media company Recurrent Ventures …
Paresh Dave / Wired:
Ad blockers saw record uninstalls in October after YouTube expanded its crackdown on ad blockers, while those unaffected by the clampdown saw record installs — YouTube expanded a “test” that threatens to cut off users who don't turn off their ad blocker. Developers of the tools are scrambling to respond.
Sara Fischer / Axios:
Wired plans to launch a vertical on the impact of tech on US and global elections and politics in the coming weeks, run by four full-time writers and an editor — Wired, the technology publication owned by Condé Nast, is launching a new vertical that will focus on the intersection …
Discussion:
Talking Biz News, @jmhaigh, Patrick Garrigan on LinkedIn, Katie Drummond on LinkedIn and @williamturton
Michael Lipka / Pew Research Center:
US survey of 4,742 Black adults: 41% say they get news and info from local outlets often and 58% say local journalists are mostly in touch with their community — Local news is an important part of many Black Americans' information diet. Overall, about three-quarters of Black adults …
Discussion:
@pewresearch
Valerie Ettenhofer / SlashFilm:
Nicolas Cage says his cameo in The Flash looked nothing like what he filmed, calling to mind debates about performances being co-opted without actors' consent — If Nicholas Cage's surprise cameo in “The Flash” felt strange to you, you're not alone: it also caught the actor himself off guard.
Mark Stenberg / Adweek:
Comscore: The Verge's YoY traffic fell every month but one after September 2022's redesign; The Verge: loyal user base is up 62% from January to September 2023 — The publisher, like much of the industry, has seen traffic steadily decline — When The Verge launched its redesigned website last September …
Discussion:
Simon Owens's Media Newsletter and Geoff Schiller on LinkedIn
Catherine Shu / TechCrunch:
Dashtoon, which lets writers turn their story ideas into comics using generative AI tools and lets them publish comics as daily episodes, raised a $5M seed — Dashtoon wants to make anyone with a story to tell into a comics artist, even if they can't draw.
Discussion:
Sanidhya Narain on LinkedIn and Amogh Vaishampayan on LinkedIn
NBC News:
On Instagram, journalists and creators inside Gaza see a surge in followers as they document the Israel-Hamas war, even as Meta has broadly moved away from news — One journalist has added more than 12 million followers. The work highlights some of the challenges and dangers of covering the conflict.
Joseph Hoppe / Wall Street Journal:
The UK CMA says Meta pledged to let Facebook Marketplace users opt out of Meta using their data and limit how the company uses ad data for product development — Meta has signed commitments to not use its advertising customers' data — The U.K. competition regulator said Meta Platforms …
Discussion:
CNN, GOV.UK, Bloomberg Law, TechCrunch and The Guardian, more at Techmeme »
Caitlin Huston / The Hollywood Reporter:
FuboTV reports a record 1.477M paid subscribers in North America in Q3; North American revenue rose 43% YoY to $313M and ad revenue rose 34% YoY to $30.3M — The company also saw improvements in revenue and raised its full-year guidance. — Streaming platform FuboTV reported 1.477 million paid subscribers …
Discussion:
@tvgrimreaper, The Streamable, Advanced Television and Next TV
Kayla Cobb / The Wrap:
AMC Networks reports Q3 revenue down 7% YoY to $637M, net income down 25% YoY to $68M, streaming revenue up 9% YoY to $142M, and subscribers up 4% YoY to 11.1M — The company reported adjusted earnings per share of $1.85 and added 100,000 streaming subscribers
Discussion:
The Streamable, The Hollywood Reporter, Variety, Media Play News and Next TV
Andrew Donohue / Voice of San Diego:
A look at The San Diego Union-Tribune's future under new owners Alden Global Capital: employees estimate Alden cut ~30% of the newsroom after buying the outlet — As the Fourth of July approached last year, The San Diego Union-Tribune prepared to do something it'd never done in its 154 years of existence …
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