Mediagazer: Chris Wallace quits CNN after three years, opting not to renegotiate his contract, and says he will instead go independent (Hugh Dougherty/The Daily Beast)

11:45 AM ET, November 12, 2024

Top News:

Sources: Disney board members are exploring fresh candidates in their search for a successor to Bob Iger, including EA CEO Andrew Wilson — Disney board members are considering outsiders including the CEO of videogame company Electronic Arts — Disney is exploring fresh candidates …

Discussion: Cord Cutters News, @mediaevan, @alexweprin and @dylanbyers

Benjamin Mullin / New York Times:

Nicholas Carlson unveils Dynamo, a video-focused company that aims to make “cinematic” stories, and raised $3.4M from Henry Blodget, Jessica Lessin, and others — Nicholas Carlson is preparing to debut a media start-up of his own called Dynamo.Clark Hodgin for The New York Times

Discussion: TVNewsCheck, @chaykak, @bristei, @scottnover, @hblodget, @benmullin and @nichcarlson

Lily Ford / The Hollywood Reporter:

Gary Lineker plans to step down from soccer show Match of the Day after 26 years, but extends his BBC Sport contract; he is the BBC's highest-paid presenter — The ex-England soccer captain has become the face of BBC Sport and the public broadcaster's highest-paid presenter since …

Hugh Dougherty / The Daily Beast:

Chris Wallace quits CNN after three years, opting not to renegotiate his contract, and says he will instead go independent — The veteran broadcaster, 77, will walk away from his seven-figure role in a watershed moment for cable TV. — EXCLUSIVE — Chris Wallace is quitting CNN …

Discussion: USA Today, CNN, ZeroHedge News, @charliekirk11, @collinrugg, @brianstelter, Newser, New York Times, RedState, Barrett Media, Poynter, @ameshiacross, @brianstelter, Status, HuffPost, IJR, al.com, Raw Story, Mediaite, Page Six, Axios, New York Post, The Hill, TVLine, The Wrap, Deadline, Variety, Fox News, Twitchy, TVNewsCheck, The Gateway Pundit, Just Jared and The Hollywood Reporter

Wall Street Journal:

Meta plans to ask Facebook and Instagram users in Europe if they want to get “less personalized ads” and cuts subscription prices by 40%, a concession to the EU — The Facebook and Instagram owner faces pressure in Europe to ask before using data to target ads or train artificial intelligence.

Discussion: TechCrunch, noyb, Reuters, The Verge, @lexzard, @mikeryanretail, Bloomberg, Associated Press, @eric_seufert, @metanewsemea, WinBuzzer, RTÉ, Axios, Meta and Irish Independent, more at Techmeme »

Brian Steinberg / Variety:

Netflix says its ad tier has 70M MAUs globally, up from 40M in May 2024, and it sold all out available in-game inventory for its Christmas Day NFL broadcasts — Netflix, a company that once dismissed the concept of allowing commercials around its popular streaming content, now can't seem to get enough of them.

Discussion: Deadline, About Netflix, Bloomberg, The Wrap, Reuters, Fortune, Engadget, The Information, Los Angeles Times, The Hollywood Reporter, CNBC and Yahoo Finance, more at Techmeme »

Le Monde:

Le Monde, Le Figaro, Les Echos, and other French news outlets sue X, accusing it of running their content without paying, violating so-called neighboring rights — Several leading French news organizations said Tuesday, November 12, that they are suing social media platform X, accusing it of running their content without payment.

Discussion: TechCrunch, The Guardian, Telegraph, Reuters, Daily Sabah and Al Jazeera

Reuters:

Tencent Music reports Q3 revenue up 6.8% YoY to ~$970M, below est., social entertainment revenue down 23.9%, and paying users up 15.5%; TME drops 5%+ pre-market — Tencent Music Entertainment (1698.HK) missed estimates for quarterly revenue on Tuesday, as Beijing's crackdown …

Discussion: Billboard, Benzinga, Music Business Worldwide, Investing.com, Variety and Tencent Music

Lucia Moses / Business Insider:

The New York Times says the Tech Guild is ending its strike after a weeklong work stoppage; during the strike, dozens of tech workers crossed the picket line — New York Times tech workers are ending their strike after a weeklong stoppage, Business Insider first reported.

Discussion: Washington Post, New York Times, TVNewsCheck, @brianstelter, The Verge, @semaforben, @nyguild, @corbinbolies, @maxwelltani, @lessin, @nytguildtech, @lmoses, The Wrap, Fox News, MediaPost and @mjanssen.bsky.social, more at Techmeme »

Sara Fischer / Axios:

Source: Substack raised ~$10M in new funding; investors include Nate Silver and Omeed Malik, whose firm 1789 Capital backed Tucker Carlson's new media venture — - Substack's original value proposition of empowering writers to connect directly with their audiences has attracted a diverse set of writers …

Bloomberg:

Letter: a group of Dish creditors rejects a bond-exchange offer that is key to the company's proposed acquisition by DirecTV, ahead of a November 12 deadline — The steering committee of Dish lenders made its case to a wider group of bondholders, calling the deal one of the largest …

Discussion: The Streamable, Wall Street Journal, TVNewsCheck, Cord Cutters News, The Desk, CBS News and Benzinga

Tom Tapp / Deadline:

The Tennis Channel indefinitely suspends analyst Jon Wertheim for “inappropriate” comments he made on air about Wimbledon champ Barbora Krejčíková's appearance — Longtime tennis analyst, Tennis Channel commentator and 60 Minutes contributor Jon Wertheim …

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Mark Sweney / The Guardian:
Fortress Investment Group acquires Curzon, a UK arthouse film company with 16 cinemas across the UK, a distribution arm, and a streaming service

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Dominic Ponsford / Press Gazette:
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Oliver Darcy / Status:
Q&A with The New Yorker editor David Remnick about low morale in media after Trump's victory, MAGA Media's role in poisoning the public discourse, and more

Discussion: CNN, The Hill and Mediaite

Todd Spangler / Variety:
Endeavor agrees to sell OpenBet and IMG Arena, its sports gambling and tech businesses, in a $450M management buyout backed by Endeavor chief Ari Emanuel

Discussion: WORLD SCREEN, @lucas_shaw, Front Office Sports, TVNewsCheck, Los Angeles Times, The Wrap, Reuters, Sportico, Deadline and The Hollywood Reporter

Maria Heeter / Financial Times:
IAC says it is weighing spinning off its 85% stake in Angi and is open to selling other assets as the media group slims down

Discussion: The Information, Reuters, Benzinga, MediaPost, Barron's Online and CNBC

Alexandra Bruell / Wall Street Journal:
Sources: VP and GM of Google News Shailesh Prakash, who moved from The Washington Post to Google two years ago, has resigned

Discussion: TVNewsCheck, Hindustan Times, The Information, MediaPost and New York Post

The Information:
Sources: more than a year before the US election, TikTok executives revamped moderation rules and trust and safety staff to make it more appealing to Trump fans

Discussion: @erinkwoo, @thedragonfeeder, @srimuppidi, @semaforben, @amir, @mrbrooksher.bsky.social and @nojustdan.bsky.social, more at Techmeme »

Earlier Picks:

Brian Stelter / CNN:
Fox News contributor Tom Homan leaves the network to become Trump's “border czar”, showing how Trump is poised to re-make the “Fox News White House”

Max Tani / Semafor:
US legacy news outlets' coverage of Trump is likely to change as they end internal debates about “normalizing” Trump and acknowledge a political realignment

Discussion: HotAir, @pkafka, @stphnfwlr, @pressgazette, @tednesi, @shelbytalcott, @jayshams, @aidnmclaughlin, @maxwelltani, @chrisschaef, @taylorlorenz, @maxwelltani, Business Insider and Instapundit

Brian Steinberg / Variety:
An interview with Arnon Mishkin, who has directed Fox News' decision desk for years, about its Fox News Voter Analysis, improvements for the 2026 midterms, more

Discussion: @bristei

Charlotte Tobitt / Press Gazette:
Free London business newspaper City AM plans to drop its Monday print edition, going down to three days per week and putting a small number of roles at risk

Discussion: @athenae.bsky.social and Talking Biz News

Zac Bowden / Windows Central:
Microsoft confirms moving its news content services back under the MSN brand, after previously moving them to Microsoft Start branding in 2021

Discussion: WinBuzzer and @zacbowden

Raquel ‘Rocky’ Harris / The Wrap:
Slate says its daily subscription sign-up rate was 7x a normal day on November 6, the day after the 2024 Election, and 4x a normal day on election day itself

Discussion: Media Play News, @hilella, @benmullin and Slate

Charlotte Tobitt / Press Gazette:
Daily Mail EIC Ted Verity says Mail+ has hit 100K paying subscribers, after launching the partial paywall in January 2024, and plans a US Mail+ launch in 2025

Discussion: @pressgazette

From Techmeme:

Kent Walker / The Keyword:
Google says the US DOJ's “wildly overbroad proposal goes miles beyond the Court's decision”, would hurt US consumers and jeopardize US' global tech leadership

Daniel Howley / Yahoo Finance:
Nvidia reports Q3 revenue up 94% YoY to $35.1B, vs. $33.2B est., Data Center revenue up 112% to $30.8B, vs. $29B est., and forecasts Q4 revenue above estimates

Matt Swayne / The Quantum Insider:
Google researchers introduce AlphaQubit, a machine-learning decoder that surpasses existing methods in identifying and correcting quantum computing errors

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