Top News:
Bloomberg:
Snap announces a deal to distribute Perplexity's search engine to Snapchat users; Perplexity will pay Snap $400M through a combination of cash and equity — Snap Inc. announced a $400 million partnership with Perplexity AI Inc. to distribute the firm's AI search engine to Snapchat users globally, according to a statement Wednesday.
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Jonathan Vanian / CNBC:
Snap reports Q3 revenue up 10% YoY to $1.51B vs. $1.49B est., DAUs up 8% to 477M vs. 476M est., and announces a $500M share buyback; SNAP jumps 23%+ after hours — Snap shares climbed more than 20% on Wednesday after the company issued its third-quarter earnings, reporting revenue …
Alex Sherman / CNBC:
Sources: WBD is exploring strategic alternatives, including a possible split or sale of the entire company, with a public decision expected by Christmas — Paramount Skydance has a clear holiday wish this year: acquiring Warner Bros. Discovery. Fittingly, it may have to wait until Christmas to find out if Santa Zaslav delivers.
Discussion:
Awful Announcing, The Wrap, TheDesk.net, Media Play News and @sherman4949
Flora Garamvolgyi / The Guardian:
Hungarian journalists raise concerns after a pro-Orbán media group bought Blikk, the country's most-read tabloid with ~3M online readers per month, from Ringier — Blikk, a tabloid with about 3 million online monthly readers, bought by pro-Orbán media group Indamedia
Katie Robertson / New York Times:
NYT reports 12.33M subscribers in Q3 after adding 460K digital subs, total revenue up 9.5% YoY to $700.8M, and adjusted operating profit up 26.1% YoY to $131.4M — The Times now has 12.33 million total subscribers to all of its products. It has said it is aiming for 15 million by the end of 2027.
Isabella Simonetti / Wall Street Journal:
Letter: the MPA sent Meta a cease-and-desist over Instagram's use of “PG-13” for teen content restrictions, calling it “literally false and highly misleading” — Meta says it never claimed or implied that its teen accounts were officially PG-13 rated or certified by MPA
Rick Porter / The Hollywood Reporter:
Netflix rolls out a new ad metric called monthly active viewers, or MAV, and says it has 190M such viewers across the 12 countries where it offers an ad tier — The streamer is rolling out a stat it calls monthly active viewers. — Netflix is rolling out a new advertising metric …
Alex Reisner / The Atlantic:
A profile of nonprofit Common Crawl, which has scraped billions of webpages since 2013, including paywalled ones, to build an archive used by OpenAI and others — “You shouldn't have put your content on the internet if you didn't want it to be on the internet,” Common Crawl's executive director says.
Jazz Tangcay / Variety:
IMDb adds 12 new professional credit categories, including intimacy coordination, choreography, craft services, puppetry, and voice actor dubbing — IMDb has added 12 new professional credits including intimacy coordination, choreography, craft services, puppetry, voice actor dubbing and more.
Discussion:
The Wrap, IndieWire, The Hollywood Reporter, @dave-wallace.bsky.social and Emily Glassman on LinkedIn
Jake Kanter / Deadline:
Source: the BBC made changes to content and editorial oversight at its BBC Arabic network amid an internal debate about “anti-Israel bias” — Deadline understands that BBC News chiefs overhauled BBC Arabic's online Press Review item — which collates media reporting from the Middle East …
Discussion:
Straight Arrow News, The Sun and GB News
Ben Mullin / @benmullin:
Axios co-founder Jim VandeHei announces cuts affecting 19 people on its product, tech and design teams — Axios co-founder Jim VandeHei announces cuts affecting 19 individuals on the product, tech and design teams, per note. “This is a difficult, but necessary, move to meet our evolving tech strategy.”
Discussion:
@ellenychang
The Intercept:
YouTube confirms it removed 700+ videos from three prominent Palestinian human rights groups in early October to comply with the US State Department's sanctions — A documentary featuring mothers surviving Israel's genocide in Gaza. A video investigation uncovering Israel's role in the killing of a Palestinian American journalist.
Discussion:
Social Media Today, @richards1052.bsky.social, @chooten.bsky.social, @willoremus.com, Daily Sabah, @betterhn20.e-work.xyz, @michaelbarenboim.bsky.social, @_zachfoster, Implicator.ai, @falasteen47, @fabiochiusi.bsky.social, @receipts_lol, @ccrjustice.org, @jonahmv, @nickturse.bsky.social, @jonahmv.bsky.social and Middle East Monitor, more at Techmeme »
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