Top News:
Steven Waldman / Columbia Journalism Review:
Jeff Bezos should donate The Washington Post to a public charity that maintains its quality and independence, as he is too financially compromised to own it — His conflicts of interests are insurmountable. He can take a heroic path to strengthen journalism.
Discussion:
Washington Post, @nypoet, @tvgrimreaper, @glastris, @ckrewson, @froomkin, @mediaevan, @dicktofel, @mikeelk, @margotroosevelt, Newser, Harrie Vredenburg on LinkedIn, @ddimick, @lenfestinst, @rich1, @stevenwaldman, Lauren Gustus on LinkedIn, Hard-G History, @kegill@mastodon.social, Chris Rauber on LinkedIn, @heidilifeldman@mastodon …, Semafor and r/Journalism
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Oliver Darcy / Status:
Sources: potential buyers line up in case Jeff Bezos ever sells WaPo, including Kara Swisher, who would assemble investors and seek to merge it with Vox Media — Potential suitors for The Washington Post are eagerly positioning themselves, waiting for the day in which Jeff Bezos might choose …
Amazon Inc.:
Amazon Q3: revenue up 11% YoY to $158.9B, a $15.3B net income vs. $9.9B in Q3 2023, a $17.4B operating income vs. $11.2B in Q3 2023; AMZN jumps 5%+ after hours — Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its third quarter ended September 30, 2024.
Discussion:
GeekWire and Cord Cutters News
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Annie Palmer / CNBC:
Amazon reports Q3 AWS revenue up 19% YoY to $27.5B and AWS operating income of $10.4B, up from $7B in Q3 2023, and subscription sales up 11% to $11.3B — - CNBC Councils — CNBC on Peacock — Join the CNBC Panel — Supply Chain Values — Select Shopping — Ad Choices
Discussion:
Variety, Yahoo Finance and GeekWire, more at Techmeme »
Dade Hayes / Deadline:
In its Q3 earnings call, Comcast CEO Mike Cavanagh says the company is weighing spinning off its cable networks and open to “partnerships in streaming” — Comcast President Mike Cavanagh delivered an eye-opening update to investors on this morning's third-quarter earnings call …
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Georg Szalai / The Hollywood Reporter:
Comcast reports Peacock's Q3 losses fell to $436M, down from $565M in Q3 2023, revenue rose 82% YoY to $1.5B, and subscribers rose 3M from June to 36M
Discussion:
TVNewsCheck, The Desk, Deadline, Streaming Better, The Wrap, Benzinga, Media Play News, The Streamable, Cord Cutters News, IndieWire and Variety
Lillian Rizzo / CNBC:
Comcast reports Q3 net income down 10% YoY to $3.63B and revenue up 6.5% YoY to $32.07B; revenue for media, mainly composed of NBCU, rose 37% YoY to $8.23B
Discussion:
MediaPost, Sportico, Motley Fool, The Streamable, Light Reading, The Information, Cord Cutters News, Tv Technology, Bloomberg, Reuters and Barron's Online
Shirin Ghaffary / Bloomberg:
OpenAI unveils ChatGPT Search to let users search for timely information using GPT-4o, after testing the feature in July 2024, a direct challenge to Google — The new option will let the chatbot's users search for timely information much as they would on the web.
Discussion:
Reuters, TechCrunch, Fast Company, Gizmodo, Yahoo Finance, Forbes, MarTech, Eric Herbel on LinkedIn, VentureBeat, Quartz, The Information, Ars Technica, Wired, CNBC and Adweek, more at Techmeme »
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Gerrit De Vynck / Washington Post:
OpenAI says ChatGPT Search draws on articles from the WSJ and others it has deals with, and will direct election-related queries to sources like AP and Reuters — The artificial intelligence developer's chatbot can now search and summarize the web. — SAN FRANCISCO — Artificial intelligence …
Discussion:
Adweek, Fast Company, Android Authority, 9to5Mac, BGR, GeekWire, Engadget, 9to5Google, VentureBeat, The Verge, Android Authority, Financial Times, Search Engine Land and DNyuz, more at Techmeme »
Kali Hays / Fortune:
Internal memo: Block CEO Jack Dorsey says Tidal is in for another mass layoff; insiders say as many as 100 people could be laid off, or ~25% of Tidal's staff — Block CEO and founder Jack Dorsey wants streaming music app Tidal to operate like a startup again - and that means layoffs
John O'Nolan:
Ghost's CEO details the organization's governance structure and says the open-source CMS generates ~$7.5M in annual revenue and has been profitable for 12 years — Ghost is a distributed non-profit foundation which gives away all of its intellectual property under a permissive MIT license.
ProPublica:
An investigation finds eight deceptive operations on Meta's platforms that collectively controlled 340+ Pages and placed 160K ads to collect users' information — Co-published with Tow Center for Digital Journalism — Deceptive Political Ads: Eight deceptive advertising networks …
Nico Grant / New York Times:
Media Matters: from May to August 2024, the top 30 conservative YouTube channels posted 286 videos containing US election misinformation, racking up 47M+ views — In June 2023, YouTube decided to stop fighting the most persistent strain of election misinformation in the United States …
Discussion:
Reclaim The Net and Media Matters for America, more at Techmeme »
Andrew Webster / The Verge:
Disney+ rolls out a top 10 list on the app's home screen, in line with Netflix, Max, Apple TV+, and Prime Video — As Disney Plus has grown, finding things to watch has become increasingly challenging. So the streaming service is rolling out a top 10 list featured on the home screen in hopes of improving discoverability.
Discussion:
Decider, BGR and The Walt Disney Company
@baltsunguild:
The Baltimore Sun Guild's news members plan a byline strike November 3-10, citing sliding journalistic standards and union-busting proposals from management — NEW: The Baltimore Sun Guild's news members are launching a seven-day byline strike, from Nov. 3 to Nov. 10, including Election Day, citing sliding journalistic standards and union-busting proposals raised by management at the bargaining table. [image]
Discussion:
@baltsunguild and r/Journalism
Dominic Ponsford / Press Gazette:
Guardian Media Group CEO Anna Bateson shares details of Tortoise Media's bid for The Observer and says “difficult decisions” are ahead if the deal falls through — Anna Bateson says Observer is loss-making but has chance to be sustainable with Tortoise.
Discussion:
Press Gazette, New Statesman and Sky News
Alexandra Canal / Yahoo Finance:
Roku reports Q3 revenue up 16% YoY to $1.06B, vs. $1.02B est., 85.5M streaming households, up 2M QoQ, and Q4 guidance below est.; ROKU drops 11%+ — Roku (ROKU) stock fell more than 10% in after-hours trading on Wednesday after the company's Q4 guidance disappointed, despite the media player reporting …
Discussion:
Billboard, Benzinga, Streaming Better and Media Play News
RELATED:
Caitlin Huston / The Hollywood Reporter:
Starting in Q1 2025, Roku plans to stop giving quarterly updates on the number of streaming households and average revenue per user, following Netflix
Discussion:
StreamTV Insider, Cord Cutters News, YourStory.com, Advanced Television, Roku Inc., Motley Fool, Benzinga, Barron's Online, Reuters, Variety, Deadline, Bloomberg and The Wrap
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