Top News:
Edward Helmore / The Guardian:
Source: WaPo subscription cancellations hit 250,000 on Tuesday, or 10% of subscribers, since October 25, based on the number of cancellation emails sent out — Reader backlash against decision not to make presidential endorsement rolls on despite Bezos defense of decision
Discussion:
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RELATED:
David Folkenflik / NPR:
The LA Times has lost 10,000 to 18,000 subscriptions, or up to 4.5% of its subscribers, since owner Patrick Soon-Shiong axed the paper's Harris endorsement
Discussion:
The Wrap
Semafor:
WaPo subscribers canceling shows how much its anti-Trump stance was marketing, as many seemed to be there for the mission, not necessarily the content
Discussion:
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Erik Wemple / Washington Post:
Though Jeff Bezos' decision to block WaPo's presidential endorsement is editorially violent and destabilizing fiat, he is acting within his rights as the owner
Discussion:
Poynter, Heartland Signal, Fortune, The Drum, Washington Examiner, Defector, CBS News, Patterico's Pontifications, Associated Press, The Atlantic, The Independent, RedState, Newser, DNyuz, KDFX-TV, Society of Professional …, Daily Caller News Foundation, The Hill, CNBC, Fox News, Deadline and Semafor
Todd Spangler / Variety:
An amended FCC filing shows that Skydance CEO David Ellison will hold 100% of the Ellison family's voting interests in the combined Paramount-Skydance company — Prior documentation indicated that Oracle founder Larry Ellison would be majority owner of National Amusements Inc.
Discussion:
TVNewsCheck, @femme_mal@mstdn.social, TVNewsCheck, The Wrap, Bloomberg, Deadline and The Hollywood Reporter
Todd Spangler / Variety:
YouTube Q3 ad revenue grew 12.2% YoY to $8.92B, vs. $8.89B est.; total ads and subscription revenues passed $50B over the past four quarters for the first time — YouTube generated a cool $8.92 billion in advertising revenue for the third quarter of 2024 as the world's biggest video-streaming …
Discussion:
MEDIANAMA, MediaPost, Alphabet Inc., TVNewsCheck, City A.M., @lucas_shaw, YourStory.com, Digital Music News, SiliconANGLE, The Register, Benzinga, Capital Brief, The Information, Cord Cutters News, The Desk, The Verge, Reuters, Fortune, The Wrap, Quartz, ZeroHedge News, Investor's Business Daily, @philthepill.bsky.social, 9to5Google, Deadline, Semafor, The Hollywood Reporter, CNBC and Media Play News, more at Techmeme »
Jeff Jarvis / Columbia Journalism Review:
Journalists and liberal critics blast the NYT and other US news outlets for “sanewashing”, false equivalence, and more, and call for sharper political reporting — From sanewashing to false equivalence, many readers have had it with their favorite news publications. Editors would do well to listen.
Chris Roush / Talking Biz News:
Consumer Reports gets a $5M investment from Craig Newmark Philanthropies to conduct new investigations into cyber harms, AI systems, privacy concerns, and more — Consumer Reports has received a a new investment of $5 million from Craig Newmark Philanthropies that will accelerate its vision …
Discussion:
@consumerreports and Innovation at Consumer Reports
Amanda Meade / The Guardian:
Australia's ABC Chair Kim Williams says pursuing “digital titans for a fair cut of the revenues drained from mainstream journalism” is a “democratic imperative” — Kim Williams says funding local news and public interest journalism is crucial in a world where 'the distortion …
Discussion:
Crikey
Neel Dhanesha / Nieman Lab:
A decade after the Serial podcast launched, public radio executives say they think true crime podcasts can bolster interest and support for their organizations — Amid the downturn in audio, some executives think the public radio model — with a dash of true crime — might provide a way forward.
Discussion:
Nieman Lab and Nieman Lab
Jeremy Fuster / The Wrap:
SAG-AFTRA announces a deal with Ethovox, an AI company building a “foundational voice model” based on voices of members, who would get an ongoing revenue share — The company, owned and run by voice actors, will guarantee consent and compensation for union members with whom it works
Karissa Bell / Engadget:
X says it has “re-architected” the scoring system for its Community Notes feature so that notes can now appear less than 20 minutes after a post is published — The fact checks can now appear less than 20 minutes after a post is published, the company said.
Discussion:
@elonmusk, @_jaybaxter_ and @communitynotes, more at Techmeme »
Jonathan Vanian / CNBC:
Snap reports Q3 revenue up 15% YoY to $1.37B vs. $1.36B est., DAUs up 9% YoY to 443M, issues light Q4 guidance, and announces $500M stock repurchase program — Snap reported better-than-expected third-quarter results on Tuesday, but issued light fourth-quarter guidance. The stock slipped in extended trading.
Jonathan Vanian / CNBC:
Reddit reports Q3 revenue up 68% YoY to $348.4M, vs. $312.8M est., DAUs up 47% YoY to 97.2M, vs. 96.5M est., ARPU of $3.58, vs. $3.24 est.; RDDT jumps 24%+ — Reddit shares jumped 16% in extended trading on Tuesday after the social media company reported third-quarter results …
Ben Thompson / Stratechery:
Meta is well positioned to be AI's main beneficiary, including by applying generative AI to ads, which at some point will be indistinguishable from content — Stratechery has benefited from a Meta cheat code since its inception: wait for investors to panic, the stock to drop …
Discussion:
Reuters, @captainplanetow, @supbagholder, @borrowed_ideas, The Information, Financial Times, Forbes, Digital Journal and Fortune, more at Techmeme »
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