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, Lauren Gustus on LinkedIn, @nypoet, @glastris, Hard-G History, @ckrewson, @froomkin, @mediaevan, @dicktofel, @mikeelk, @margotroosevelt, @ddimick, @lenfestinst, @rich1, @stevenwaldman, @kegill@mastodon.social, Chris Rauber on LinkedIn, @heidilifeldman@mastodon …, Semafor and r/Journalism
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Sarah Scire / Nieman Lab:
A broad group of news outlets attracted new subscribers after WaPo's lack of an endorsement for president; The Philadelphia Inquirer gained 4,200+ subscribers — The Philadelphia Inquirer had its best week for new subscriptions ever and The Guardian U.S. broke its single-day fundraising record — twice.
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 — Third-quarter revenue in the conglomerate's studios segment was driven by the strong box office performances of ‘Despicable Me 4’ and ‘Twisters.’
Discussion:
TVNewsCheck, The Wrap, The Streamable, IndieWire and Deadline
RELATED:
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.
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
Discussion:
@kalihays1@threads.net, Digital Music News, San Francisco Chronicle and Benzinga, 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 …
Discussion:
TVNewsCheck, Adweek, CNBC and The Hollywood Reporter
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:
Streaming Better and Media Play News, more at Techmeme »
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:
Advanced Television, Cord Cutters News, The Wrap, YourStory.com, Motley Fool, Benzinga, Barron's Online, Reuters, Roku Inc., Variety, Deadline and Bloomberg, more at Techmeme »
Mia Sato / The Verge:
Fox, ABC, and others are broadcasting graphic and hateful ads paid for by political candidates during the World Series; the FCC requires stations accept the ads — The World Series between the Los Angeles Dodgers and the New York Yankees is in full swing, and millions of people in the US …
Discussion:
FOX 4 Kansas City WDAF-TV
Meta Investor Relations:
Meta reports Q3 revenue up 19% YoY to $40.59B, net income up 35% to $15.69B, and family daily active people up 5% to 3.29B on average for September 2024 — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2024.
Charlotte Tobitt / Press Gazette:
Ofcom fines GB News £100K for giving Rishi Sunak a “mostly uncontested platform”, but won't enforce payment until judicial review of its decision is complete — Ofcom said Rishi Sunak was given a “mostly uncontested platform” on GB News. — Ofcom has fined GB News £100,000 …
Discussion:
The Guardian, Variety, Advanced Television, City A.M., Sky News, GB News, Telegraph, The Sun, Guido Fawkes, The National Pulse, The Media Leader, Deadline, The Mirror and Politics.co.uk
Andrew Webster / The Verge:
Nintendo launches Nintendo Music, an iOS and Android app that lets Switch Online subscribers stream or download gaming tunes from Nintendo titles — This time, it's a mobile app called Nintendo Music, which lets users listen to classic gaming tunes from Nintendo games spanning the last few decades …
Discussion:
Screen Rant, Engadget, Digital Music News, 9to5Google, Variety, BGR and Comic Book, more at Techmeme »
Committee to Protect Journalists:
Journalists and experts explain why 2024 has been dangerous for press in Pakistan, with at least six journalists killed over direct or suspected work ties — Hope for justice in journalist murders is dim across the world, but especially in Pakistan, which has appeared on CPJ's Global Impunity …
Discussion:
@sonalidhawan_, Voice of America, Reuters and Civil Georgia
Ben Strauss / Washington Post:
A look at the feud over NFL reporters talking to players in locker rooms, after the players union cut off long-accepted access, calling the practice “outdated” — Journalists say locker-room access is critical to covering the league. Some players want to take the conversation outside.
Discussion:
Associated Press and @benjstrauss
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