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2:30 PM ET, November 4, 2025

Mediagazer

 Top News: 
Ashley Carman / Bloomberg:
Spotify reports Q3 revenue up 12% YoY to €4.3B, above €4.23B est., subscribers up 12% YoY to 281M, MAUs up 11% YoY to 713M, and a €582M operating income  —  Spotify Technology SA reported active users and sales in the third quarter that surpassed analysts' expectations even as ad-supported revenue fell.
RELATED:
Sarah Perez / TechCrunch:   Spotify says it now has nearly 500K video podcasts and more than 390M users have now streamed a video podcast on its platform, up 54% YoY
Jake Evans / ABC:
Australia plans to introduce legislation this week requiring streamers with 1M+ Australian subscribers to spend 10%+ of their local expenditure on local content  —  In short:  —  Streaming platforms such as Netflix, Disney+ and Amazon Prime will be required to spend a share of their local revenue on making Australian programs.
Sam Tobin / Reuters:
The UK's High Court rules against Getty in its lawsuit against Stability AI over its image generator; the judge calls the ruling “extremely limited in scope”  —  Getty Images largely lost its landmark lawsuit against artificial intelligence company Stability AI over its image generator at London's High Court on Tuesday.
Caitlin Huston / The Hollywood Reporter:
Sources: Netflix has sent out dozens of requests to agents at WME, UTA, and CAA for video podcast creators, and plans to launch video podcasts in early 2026  —  The streamer has sent out dozens of requests to agents at WME, UTA and CAA for video podcast creators.
RELATED:
Ashley Carman / Bloomberg:
Sources: Netflix is in talks to license video podcasts from iHeartMedia and is seeking exclusivity, meaning full episodes would no longer be uploaded to YouTube
Xander Elliards / The National:
Emma Roth / The Verge:
OpenAI launches its Sora app on Android, including in the US, Canada, and Japan; the app got 1M+ downloads in the five days after its September iOS launch  —  Now, more people can create and share AI-generated videos on the app's social feed. … OpenAI has brought its AI video app, Sora, to Android.
Katie Robertson / New York Times:
Gannett is renaming itself USA Today Co., after its flagship paper, effective November 18 and switching to trading under the ticker symbol TDAY on the NYSE  —  The company, which publishes more than 200 local newspapers across 42 states, is adopting the name of its flagship publication.
Discussion: TVNewsCheck, Adweek, Axios and Business Wire
Jennifer Maas / Variety:
AI companion tech company Genies launches a tool for celebrities and their agents to develop “expressive AI identities” that can interact with fans  —  AI companion tech company Genies has launched a new creation tools product that will enable celebrities and their talent management organizations …
Sophie Culpepper / Nieman Lab:
The Philadelphia Citizen, a decade-old nonprofit dedicated to solutions journalism, acquires Philadelphia Magazine, another instance of nonprofit consolidation  —  The Philadelphia Citizen, the decade-old nonprofit dedicated to solutions journalism and civic engagement, has acquired Philadelphia Magazine.
Todd Spangler / Variety:
YouTube rejects Disney's request to restore ABC on November 4, Election Day, amid an ongoing blackout caused by a dispute over rate hikes and pricing  —  The war of words between Disney and Google continues — on the fourth day of the blackout of ESPN, ABC and other Disney networks on YouTube TV amid a fee dispute.
Katie Deighton / Wall Street Journal:
Coca-Cola releases new AI-generated ads for the 2025 holidays, after finding people didn't know or care about the use of AI, despite criticism for its 2024 ads  —  ‘Holidays Are Coming’ faster and cheaper for the soda giant, which caught heat last year for its AI-generated ads
Katie Kilkenny / The Hollywood Reporter:
Condé United and The NewsGuild “strongly condemn” Teen Vogue's consolidation, saying it will throttle staff diversity and blunt its progressive political bent  —  The union, which reps staffers, says the move was “clearly designed” to blunt the journalism of the brand, which has leaned in to progressive politics.
RELATED:
Vogue:
Teen Vogue is joining Vogue.com but will keep its own identity; Vogue Head of Editorial Content Chloe Malle will lead Teen Vogue, as EIC Versha Sharma leaves
Sean James / Mediaite:
In an unaired segment of his 60 Minutes interview on November 2, Trump said CBS paid him a lot of money to settle his lawsuit over Kamala Harris' 2024 interview  —  One part of President Donald Trump's 60 Minutes interview on Sunday that did not air live: The president gloating that CBS paid …
RELATED:
Cynthia Littleton / Variety:
Trump praised Skydance's Paramount takeover and Bari Weiss' appointment, saying it is the “greatest thing” that has happened “to a free and open and good press”
 
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 More News: 
Emma Jacobs / Financial Times:
Corporate podcasts are increasingly incorporating video elements, with major companies like IBM and Google producing video interviews featuring executives
 Earlier Picks: 
Washington Post:
Source: Laura Loomer has been credentialed to cover the Pentagon, joining a new cohort of right-wing media that have agreed to the Pentagon's new press policy
Charlotte Tobitt / Press Gazette:
Ofcom rules that Talk presenter Kevin O'Sullivan breached due impartiality rules during his January 30 show, rejecting News UK's defence he is a “shock jock”
Discussion: The Guardian
Peter Kafka / Business Insider:
Fox News ran a story based on AI-generated videos about SNAP beneficiaries before correcting the story; Newsmax aired a similar segment with AI-generated clips
 

 
From Techmeme:

Bailey Lipschultz / Bloomberg:
Filing: SpaceX aims to raise $75B in its IPO, selling 555.6M shares at $135 each, which would value the company at almost $1.77T

Katherine Blunt / Wall Street Journal:
Alphabet upsized its equity raise to $84.75B, including $35B in underwritten public offerings, up from a planned $30B; a source says it contacted ~75 investors

Carl Franzen / VentureBeat:
Google introduces Gemma 4 12B, a unified, encoder-free open multimodal model that can run locally on devices with 16GB of VRAM or unified memory

 
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