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1:45 PM ET, November 7, 2025

Mediagazer

 Top News: 
Dade Hayes / Deadline:
AMC Networks says it is reducing its 1,800 person workforce by “less than 5%” through voluntary buyouts  —  AMC Networks, which is continuing to navigate the transition from linear TV to streaming, is shedding less than 5% of its global workforce of 1,800 employees via voluntary buyouts.
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Georg Szalai / The Hollywood Reporter:
AMC Networks reports revenue down 6.3% YoY to $561.7M, operating income down 40.7% to $55.5M, streaming revenue up 14% to $174M, and 10.4M streaming subscribers  —  The company, led by CEO Kristin Dolan, posted its third-quarter results.  —  AMC Networks, the company behind such cable channel brands …
Discussion: Media Play News and Deadline
Allegra Kirkland / Talking Points Memo:
A former Teen Vogue editor reflects on the magazine's legacy as a point of entry for early-career journalists and the pressure it faced not to cover politics  —  If you just skimmed the press release, you wouldn't really get the scale of it.  On Monday, Vogue.com announced that Teen Vogue …
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Max Tani / Semafor:
Sources: Condé Nast fired four staffers who were among a group of over a dozen that confronted its HR head over the Teen Vogue closure and other recent cuts
Associated Press:
Farmers' Almanac, first printed in 1818, says its 2026 edition will be its last, citing financial challenges; access to the online version will end in December  —  Add AP News on Google Add AP News as your preferred source to see more of our stories on Google.  Share
Bailey Lipschultz / Bloomberg:
Trump Media reports Q3 net sales down 3.8% YoY to $972.9K and a net loss of $55M, up from $19M in Q3 2024; its stock is down 70% from a January high  —  Less than one year into Donald Trump's second term and the post-election ebullience has evaporated from shares of his social media company …
Reuters:
Sources: Comcast has hired Goldman Sachs and Morgan Stanley to evaluate a prospective offer for Warner Bros. Discovery's studio and streaming businesses  —  Comcast has retained financial advisors and gained access to financial information as it explores a bid for Warner Bros Discovery's …
Julian Wyllie / Current:
Boston's GBH plans to cut 15 positions by January, the fourth round of layoffs in 2025; GBH was set to receive 8% of its budget, or ~$18M, in federal funding  —  GBH in Boston announced Thursday that it is cutting 15 positions in its finance, marketing, technology and children's programming departments.
Discussion: The Boston Globe
Paul Sandle / Reuters:
ITV says it is in preliminary talks to sell its media and entertainment division to Comcast's Sky for £1.6B, a deal that would require regulatory approval  —  - ITV says in preliminary talks over M&E division sale  — Sale would be for free-to-air channels and streaming platform
Jake Bleiberg / Bloomberg:
WaPo says it was impacted by a series of breaches involving Oracle's E-Business Suite, whose flaws were exploited by a ransomware gang  —  The Washington Post was impacted as part of a series of breaches involving a popular Oracle Corp. product, the newspaper company said on Thursday.
Allison Smith / Modern Retail:
Shopify joined Substack in October, the latest and the biggest company to do so and a sign that brands take Substack seriously as a marketing channel  —  American Eagle.  Rare Beauty.  The RealReal.  These are some of the biggest brands that have, within the past year, launched their own Substack newsletters.
Cynthia Littleton / Variety:
An interview with SAG-AFTRA President Sean Astin on 2026 AMPTP talks, the Jimmy Kimmel suspension, Tilly Norwood AI controversy, the microdrama boom, and more  —  Veteran actor sounds the alarm on the unchecked spread of generative AI content: ‘We need to protect our very dignity, our humanness’
Ja'han Jones / MSNBC:
USAGM Acting CEO Kari Lake plans to shut down Szabad Europa, RFE/RL's Hungarian service, for programming that has “undermined” Trump policy by opposing PM Orban  —  The de facto head of the U.S. Agency for Global Media says she's shutting down the Hungarian branch of Radio Free Europe because it opposed Orban.
 
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From Techmeme:

Upmanyu Trivedi / Bloomberg:
The UK CMA says Apple and Google committed to making app store changes to ensure fairness to developers and consumers, and asks market players for their views

Juro Osawa / The Information:
xAI co-founder Tony Wu says he “resigned”, following co-founder Igor Babuschkin's exit in August 2025; Wu was in charge of reasoning and reported to Elon Musk

Morgan Lee / Associated Press:
Opening statements in New Mexico's Meta lawsuit: state prosecutors argue that Meta misrepresented the safety of its platforms, while Meta's attorney pushes back
 
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