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6:55 PM ET, October 18, 2024

Mediagazer

 Top News: 
Reuters:
Netflix gained 5.1M new subscribers in Q3, vs. 4M est., and says more than 50% of signups were for its ad-supported tier in countries where it was available  —  Netflix (NFLX.O) picked up 5.1 million streaming subscribers in the third quarter, topping Wall Street estimates by more than 1 million …
RELATED:
Sarah Whitten / CNBC:
Netflix reports Q3 revenue up 15% YoY to $9.83B, vs. $9.76B est., paid memberships up 14% to 282.72M, vs. 282.15M est., and net income of $2.4B; NFLX jumps 7%+  —  LOS ANGELES — Netflix posted third-quarter earnings Thursday that beat on the top and bottom lines as its advertising business continued to grow.
Todd Spangler / Variety:
Netflix forecasts 2025 revenue of $43B-$44B, which would be 11%-13% higher than its 2024 guidance, and targets a 2025 operating margin of 28% vs. 27% in 2024
CNN:
A federal judge issues a restraining order against Florida's surgeon general for threatening TV stations with criminal charges for airing a pro-abortion ad  —  New York CNN —  —  “To keep it simple for the State of Florida: it's the First Amendment, stupid.”
Mark Stenberg / Adweek:
Bloomberg launches a Weekend Edition to reduce churn; CPO Julia Beizer says the publisher has 740K subscribers, of which about 40% are from outside the US  —  The new editorial product will focus on the intersection of finance and culture, boosting weekend readership
Discussion: Bloomberg and Talking Biz News
Richard J. Tofel / Second Rough Draft:
Some Knight Foundation grantees detail funding issues, including long delays after approval, and say they've been told it is pausing most grants through H1 2025  —  Looking at front-loading, an unannounced strategic review, and a hold on “prioritizing” new grants
Financial Times:
Filings: Nigel Farage has increased his shares in GB News from 300K shares to 500K, and George Farmer, former CEO of Parler, has become an investor  —  City fund manager Helena Morrissey and chief executive Angelos Frangopoulos also awarded extra stock  —  Nigel Farage has increased …
Matilda Battersby / The Bookseller:
Penguin Random House amends its copyright notice globally to prohibit the use of books for training AI; the notice will be included in new titles and reprints  —  The world's biggest trade publisher has changed the wording on its copyright pages to help protect authors' intellectual property …
Kirsten Eddy / Pew Research Center:
Pew: 37% of Republicans and 38% of Democrats trust information from social media; 40% of Republicans and 78% of Democrats trust national news organizations  —  Republicans are now nearly as likely to trust the information that comes from social media sites as they are to trust information …
Discussion: Raw Story and Fox News
Marah Eakin / Wired:
Inside the inaugural Culver Cup, a generative AI film competition sponsored by AWS and FBRC.ai giving filmmakers AI tools and three weeks to submit a short  —  Amazon is hosting AI filmmaking competitions.  Meta is letting directors test Movie Gen. As tech companies develop new tools …
 
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 More News: 
Hanaa' Tameez / Nieman Lab:
A year after its launch, The Guardian's European edition generates 15% of the company's pageviews, and one-time donations from European readers increased by 45%
Matthew Keys / The Desk:
The FCC proposed a $147K fine against Disney's ESPN after the network used Emergency Alert System tones in promotional spots in 2023; ESPN can appeal
Billy Binion / Reason:
The US Supreme Court revives the case of citizen journalist Priscilla Villarreal, who is suing Texas officials for her arrest over asking questions of police
Sara Fischer / Axios:
Memo: Google will block US election ads after the polls close on November 5 to prevent misinfo about voting, including candidates prematurely claiming victory
 Earlier Picks: 
Miles Kruppa / Wall Street Journal:
Prabhakar Raghavan will leave his role overseeing Google search and ads products, to be replaced by Nick Fox; Raghavan will become Chief Technologist
Sara Fischer / Axios:
Prime Video announces a one-night special on US election results starting at 5pm Nov. 5, hosted by Brian Williams, in Amazon's first news video investment
Meta:
Meta announces first results from its work with Blumhouse Productions on a pilot program seeking creative industry feedback on Meta's AI video model Movie Gen
Jake Kanter / Deadline:
In an email to staff, the BBC says it has abandoned the recruitment process for its first ever royal editor, a position announced in December 2023
 

 
From Techmeme:

Connie Loizos / TechCrunch:
Report: OpenAI sees a clause in its Microsoft contract, which cuts off Microsoft's access to OpenAI tech if OpenAI develops AGI, as a path to a better contract

The Verge:
A judge grants Google a temporary stay on the Epic ruling while Google appeals, which means Google might not have to change Play Store practices for years

Financial Times:
Fuji Soft's board decided to keep backing KKR's ~$4B buyout offer despite Bain's $4.2B bid, in a rare battle between PE titans over a Japanese software company
 
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