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3:50 PM ET, October 30, 2024

Mediagazer

 Top News: 
New Jersey Digest:
The Star-Ledger, New Jersey's largest newspaper, plans to end its print edition on January 30, 2025, citing growing costs and a shrinking demand for print  —  The Star-Ledger, New Jersey's largest newspaper, will stop publishing its print edition on January 30, 2025, transitioning fully to a digital format.
RELATED:
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.
Mike Allen / Axios:
Sources: NBC News plans to promote Way Too Early host Jonathan Lemire as the co-host of the “Morning Joe” 9am hour in January 2025  —  - His Red Sox obsession gives him plenty to banter about with Scarborough and co-host Willie Geist — along with Liverpool soccer, “Star Wars,” presidential biographies and table tennis.
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
Variety:
Barcelona-based Grup Mediapro launches a €1B sports rights brokering fund, targeting established and emerging sports  —  Grup Mediapro, the Barcelona-based global holding including The Mediapro Studio, is launching and will manage a €1 billion ($1.1 billion) sports rights brokering fund …
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  —  Subscribers keep deserting The Washington Post after it announced it would not endorse any candidate in the race for the White House.
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
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.
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.
 
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 More News: 
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
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%+
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
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
 Earlier Picks: 
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
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
Erik Wemple / Washington Post:
Jeff Bezos' decision to block the WaPo's presidential endorsement might be a cowardly and unprincipled decision, but he is acting within his rights as the owner
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