Top News:
Katie Robertson / New York Times:
The New York Times reports Q3 revenue up 9.3% YoY to $598.3M, an $89.8M adjusted operating profit, 10M+ subs, and subscription revenue up 15.7% YoY to $282.2M — The company reported an adjusted operating profit of $89.8 million in its latest quarter, up from $69 million a year earlier.
The Guardian:
UK publisher Reach plans to cut 450 jobs as part of proposals to trim operating costs by 5% to 6% in 2024; in January, Reach laid off 200 staff to save £30M — Reach says job losses part of plans to reduce costs by 5% to 6% in 2024 and accelerate digital-first strategy
Reuters:
OCCRP co-founder Drew Sullivan says analysis shows government-tied hackers tried to plant NSO spyware on Indian journalist Anand Mangnale's iPhone on August 23 — Government-backed hackers tried to plant spyware made by NSO Group on the iPhone of an Indian journalist working for the Organized Crime …
Kenneth Chang / New York Times:
Nature retracts a high-profile paper on the discovery of a superconductor, the second paper by Ranga P. Dias retracted by the journal in just over a year — It was the second paper led by Ranga P. Dias, a researcher at the University of Rochester, that the journal Nature has retracted.
Discussion:
Ars Technica, Nature, @dangaristo, @ionerrea, Las Vegas Review-Journal and TechCrunch
Brian Steinberg / Variety:
WBD reports Q3 revenue up 1% YoY to $9.9B, a $417M net loss, down from a $2.31B loss YoY, global DTC subscribers fell 0.7M to 95.1M, and ad revenue fell 12% YoY — The owner of CNN, the Warner Bros. studio and the Max streaming service said its net loss narrowed to $417 million …
Brent Lang / Variety:
An interview with Chairman of Netflix Film Scott Stuber on scaling back annual film releases to focus on quality, being more selective in bidding wars, and more — In 2018, “Saturday Night Live” captured the public perception of Netflix as a ceaseless river of content.
Discussion:
The Streamable, @brentalang, @variety, The Hollywood Reporter and @lanceulanoff
RELATED:
Salvador Rodriguez / Wall Street Journal:
Meta plans to require advertisers to disclose running political ads with media altered by AI or other software, starting in early 2024, ahead of the US election — Facebook parent said new policy to go into effect beginning next year, ahead of U.S. presidential primaries
Hanaa' Tameez / Nieman Lab:
How the Financial Times, The New York Times, Vox, The Times of India, CNN en Español, and other news publishers are using WhatsApp Channels to share news — We talked to the Financial Times, La Nación, The New York Times, Vox, Chilango, the Times of India …
Discussion:
New York Times, Insider, @ishaantharoor, @niemanlab, @damianradcliffe, @hanaatameez and David Cohn on LinkedIn, more at Techmeme »
Alexandra Topping / The Guardian:
Presenter Carol Vorderman quits her BBC Radio Wales show, saying she will “not be silenced” by the BBC's new social media rules on voicing political opinions — Presenter says bosses had decided she ‘must leave’ after she continued to express political opinions online
Discussion:
Variety, @russincheshire, @tiannathewriter, @libbycwatson, @terri_white, @cymrurouge, @kelechnekoff, @carolvorders, @zenlan@mstdn.social, GB News and HuffPost
Simon Owens / Simon Owens's Media Newsletter:
A look at the Sunday Long Read, a newsletter launched in 2015 that curates longform online journalism, and now has 25K+ subscribers and commissions its stories — Don Van Natta Jr. and Jacob Feldman grew the newsletter to over 25,000 subscribers. … The entire genesis of the Sunday Long Read newsletter …
Discussion:
Media Voices, @dvnjr and @jacobfeldman4
Reuters:
IAC reports Q3 revenue down 15% YoY to $1.11B and a $390.5M net loss, up from a $63.8M loss in Q3 2022; Dotdash Meredith revenue fell 11% to $417.5M — Internet holding company IAC (IAC.O) beat Wall Street third-quarter revenue estimates on Tuesday, as the owner of publisher Dotdash Meredith saw traffic growth return for core brands.
Jesse Whittock / Deadline:
ITV reports revenue up 1% YoY to £2.98B in January to September, ad revenue down 7% YoY, Studios revenue up 9% YoY to £1.52B, digital sales up 23% YoY to £340M — - Brit List 2023 Revealed: Family Adventure Feature On Dyslexic School Kid Sent To Stay With ‘Super Gran’ Tops List
Discussion:
The Guardian, Financial Times, Broadband TV News and Advanced Television
Jennifer Maas / Variety:
Nexstar reports Q2 net revenue down 10.8% YoY to $1.1B, adjusted EBITDA down 51.9% YoY to $236M, a $60M loss for the CW, and core ad revenue down 2.3% to $391M — Nexstar reported its third-quarter 2023 earnings Wednesday, revealing TV ad revenue was down overall 23% for the July-September quarter.
Discussion:
TVNewsCheck, The Hollywood Reporter and Nexstar Media Group, Inc.
Caitlin Huston / Hollywood Reporter:
Spotify now offers US paid subscribers 15 hours of free access to 200K+ audiobooks per month, after launching the service in the UK and Australia on October 3 — The podcast and music platform will offer U.S. paid subscribers 15 hours of free listening to audiobooks as it continues its rollout of the new offering.
Discussion:
Publishers Weekly, Variety, Billboard, TechCrunch, Spotify, The Bookseller, @spotifynews, @yogscastlewis, @engineering_bae, 9to5Mac, The Verge and @richontech, more at Techmeme »
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