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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 — The credibility gap can be bridged by independence. — Jeff Bezos is the owner of The Washington Post.
Discussion:
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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, Fox News, Gizmodo, @edzitron, Press Gazette, Nick Budden on LinkedIn, @harrietvane.bsky.social, @busbyj2.bsky.social, @petesouza@threads.net, Deadline, @pkafka, Quartz, @semaforben, @bonchieredstate, @matthewstoller, @daveweigel.bsky.social, @baseballcrank, @benthomasnz, @markmaxwelltv, @ethangach, @davidfolkenflik, The Gateway Pundit and Financial Times
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:
Defector, The Hill, The Atlantic and RedState
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:
@mollylroberts, @michele_norris, Washington Post, The Guardian, @benmullin, Ian Plunkett on LinkedIn, @VisualStuart@pdx.social, Breitbart, Poynter, Columbia Journalism Review, @jayrosen_nyu, @benmullin, @benmullin, @maxwelltani, @davidfolkenflik, @brianstelter, @hadas_gold, @davidfolkenflik, @maxwelltani, @davidfolkenflik, @davidfolkenflik, @maxwelltani, @davidfolkenflik, Axios, @jeff@newsie.social, @knittingknots2@mstdn.social and NPR
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.
Discussion:
New York Post, Fox News, CNN, The Hill, Washington Examiner, Filosofa's Word, Raw Story, Townhall, Tangle, American Greatness, HotAir, Cele|bitchy, RedState, Associated Press, Crikey and Breitbart
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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.
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 …
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, 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 …
Discussion:
Investor's Business Daily and Reddit Upvoted, more at Techmeme »
Ted Johnson / Deadline:
CNN says commentator Ryan Girdusky will no longer be welcome on the network after his offensive remark to fellow guest Mehdi Hasan on the NewsNight show — “There is zero room for racism or bigotry at CNN or on our air,” the network said in a statement shared by host Abby Phillip tonight.
Discussion:
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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,” …
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:
Forbes, Fortune, @worldguru.bsky.social, Digital Journal and The Information, more at Techmeme »
Bojan Pancevski / Wall Street Journal:
A profile of The Rest Is History, the most popular history podcast with 11M monthly downloads; sources: TRIH has 45K+ paying subscribers and earns $200K+/month — ‘The Rest Is History’ dives into the past with raucous good cheer and has captured a growing audience of young listeners.
Discussion:
@davidluhnow, @bopanc, @holland_tom, @bopanc, @alecmacgillis, @backtweetboi, @wsj, @holland_tom, @bopanc, @joshglancy and @thehistoryofth2
Georg Szalai / The Hollywood Reporter:
Vivendi's supervisory board approves a plan to separate Canal+, Havas, and Louis Hachette Group from Vivendi; shareholders are set to vote on December 9 — After final approval of the move designed to address “a very high conglomerate discount,” shares of pay-TV firm Canal+, ad giant Havas …
Discussion:
TVNewsCheck, The Wrap, @mediaevan, Deadline, Vivendi, Broadband TV News, Wall Street Journal, Variety and Bloomberg
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