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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 — THE SCOOP — The wave of canceled subscriptions to the Washington Post marks the end of an era in which news organizations marketed themselves …
Discussion:
@davidfolkenflik, Townhall, Gizmodo, The Wrap, Fox News, @edzitron, @pkafka, Quartz, @semaforben, @bonchieredstate, Deadline, @matthewstoller, @daveweigel.bsky.social, @harrietvane.bsky.social, @baseballcrank, @petesouza@threads.net, @benthomasnz, @markmaxwelltv, Press Gazette, @ethangach, @davidfolkenflik, @busbyj2.bsky.social and The Gateway Pundit
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Edward Helmore / The Guardian:
Source: WaPo subscription cancellations hit 250,000 on Tuesday, or 10% of subscribers, since Friday, 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:
NPR, @stacycowley, @kenvogel, The Handbasket, @nelson@tech.lgbt, @carlmalamud@official …, @mpm@mstdn.social and The Hill
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 — Bossing around editorial boards is the province of a newspaper owner. — It turns out editorial writers don't like having their work spiked.
Discussion:
Defector, The Hill and The Atlantic
Jeff Bezos / Washington Post:
Jeff Bezos says presidential endorsements “create a perception of bias” and WaPo ending them is a “principled decision”, but wishes the change was made earlier
Discussion:
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Max Tani / Semafor:
Two more Washington Post opinion writers, David Hoffman, who accepted a Pulitzer Prize last week, and Molly Roberts, resign from its editorial board
Discussion:
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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:
Financial Times, Forbes, Fortune, The Information, @worldguru.bsky.social and Digital Journal, 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.
Discussion:
Reuters, Snap Inc., Investor's Business Daily, Benzinga, Deadline, The Hollywood Reporter, Bloomberg and Snap Inc., more at Techmeme »
Jonathan Vanian / CNBC:
Reddit 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 20%+ after hours — Reddit shares jumped 16% in extended trading on Tuesday after the social media company reported third-quarter results …
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:
@_jaybaxter_, @elonmusk and @communitynotes, more at Techmeme »
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 …
Josh Fiallo / The Daily Beast:
USA Today says it won't issue a presidential endorsement, nor will any of Gannett's 200 other papers; USA Today's 2020 Biden endorsement was a first since 1982 — PLAYING IT SAFE — The national newspaper, which endorsed Joe Biden four years ago, says it'd rather have its editors focussed on local elections.
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James Rainey / Los Angeles Times:
Sources: the LA Times, with fewer than 400,000 subscribers, saw 7,000+ cancellations for “editorial reasons” after declining to endorse in the presidential race — - Both papers have faced reader anger after declining to endorse, with critics saying the institutions failed them.
Mariella Moon / Engadget:
Amazon plans to shut down its Kindle Vella serialized story platform in February 2025; users won't lose access to unlocked stories after the program closes — It's winding down the service over the next few months. — Amazon, in what it described as a “difficult decision,” …
Ted Johnson / Deadline:
Andrea Mitchell says she will end her daily MSNBC show in January after the inauguration but will keep reporting for NBC News; she joined the network in 1978 — On MSNBC's Andrea Mitchell Reports today, she told viewers, “And after sixteen years of being in the anchor chair every day …
Bloomberg:
Netflix signs a deal with NBCU to license live-action films starting in 2027 and renews its agreement for DreamWorks and Illumination animated films — The live-action films from Universal Pictures and Focus Features, which include franchises such as Fast & Furious and Jurassic Park …
Discussion:
Comic Book, The Streamable, BGR, Variety, Deadline, Media Play News, IndieWire, @philthepill.bsky.social, The Wrap, The Verge and The Hollywood Reporter
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