Fox Corp reports Q1 revenue up 11% YoY to $3.6B, affiliate revenue up 6% YoY to $1.8B, ad revenue up 11% YoY to $1.3B due to political ads, and $832M net income (Fox)

Mediagazer: Fox Corp reports Q1 revenue up 11% YoY to $3.6B, affiliate revenue up 6% YoY to $1.8B, ad revenue up 11% YoY to $1.3B due to political ads, and $832M net income (Fox)

Top News:

New York Times:

The NYT reports Q3 digital subscribers hit 260K, for 11.9M in total, digital ad revenue rose 8.8% YoY to $81.6M, and The Athletic turned its first profit— The Times reported steady growth in digital subscriptions in the third quarter and a profit for The Athletic for the first time since it acquired the sports site in 2022.
Discussion: @benmullin and CNBC

Discussion:

Ben Mullin /
@benmullin: The @nytimes just added another 260,000 paid digital subs, @katie_robertson reports. And @TheAthletic turned in its first profitable quarter: https://www.nytimes.com/...

RELATED:
The New York Times Company:

The NYT reports Q3 revenue up 7% YoY to $640.2M, subscription revenue up 14.2% YoY to $322.2M, and operating profit up 20.7% YoY to $76.7M— NEW YORK, November 4, 2024 - The New York Times Company (NYSE: NYT) announced today third- quarter 2024 results. Key Highlights

Discussion:
Bloomberg and @aulia@mementomori.social

Semafor:

At an internal meeting, NYT editors shared what they thought of internal and external feedback, “explicit threats from Trump about us in the media”, and more— The Scoop — With the 2024 presidential election a few weeks away, one question was top of mind for staff at The New York Times …

Discussion:
@reedgalen, @clarajeffery, @jalexa1218, @joshschwerin, @drvolts, @elienyc, @emptywheel, @dangillmor@mastodon.social, @semaforben, @petersterne, @rickperlstein and Mediaite

Discussion:

Reed Galen /
@reedgalen: They can go jump in a lake.

Clara Jeffery /
@clarajeffery: The internal debate over whether/when/why NYT has gotten more direct in spelling out danger of Trump (which yes it has) is fascinating. But the last paragraph, where masthead talks of what another term would mean for journalism...that's the one to clock [image]

Jamesetta Williams /
@jalexa1218: Great reporting by @maxwelltani but difficutl to read. In fact, most of the criticism from the left is actually good faith commentary by smart readers. Coverage of Biden vs Trump's age is the perfect ex of undeniable double standards. It's frustrating that Kahn refuses to see it.

Josh Schwerin /
@joshschwerin: When the NYT eliminated the public editor role they said it was because people on social media would serve as watchdogs. Now the NYT harshly dismisses social media criticism. Zero accountability. [image]

David Roberts /
@drvolts: Kahn seems bound & determined not to understand the critique. Incredibly frustrating.

Elie Mystal /
@elienyc: My key takeaway from this is that Kahn and the NYT DGAF and as long as they have 10,000,000 subscribers, they never will. Remember this next time tells you that cancelling “only hurts” the journalists, because right here Kahn is saying: we have 10M so everyone else is wrong. @emptywheel: .@maxwelltani claims @DougJBalloon “attempts to parody Times story conceits and headlines with questionable success.” https://www.semafor.com/... [image]

Dan Gillmor /
@dangillmor@mastodon.social: Semafor should post the full audio of the NY Times internal meeting (adjusting volumes so that the Times can't figure out via triangulation who was holding the recorder). The story reporting on the event is grossly insufficient especially given Semafor's right-wing leanings... https://www.semafor.com/...

Ben Smith /
@semaforben: In a frank internal meeting, The New York Times wrestled with its political role - ⁦@maxwelltani⁩ https://www.semafor.com/...

Peter Sterne /
@petersterne: Semafor's @maxwelltani reports on an internal NYT meeting, in which the paper's leaders dismiss liberal criticism, double down on the “Screams Without Words” article and argue that younger journalists lack appreciation for independent journalism. https://www.semafor.com/...

Rick Perlstein /
@rickperlstein: “the paper's leaders...dismissed those outside critics as politically-motivated actors hoping to push the Times to the left.” So fucking insulting to be dismissed as a partsan for trying to push the Times to...accurately representing reality. https://www.semafor.com/...

Caleb Howe /
Mediaite: ‘Defiant’ NYT Leadership Accused of ‘Sanewashing’ Trump in 90-Minute Internal Meeting, Semafor Reports

RELATED:
Washington Post:

Pointing at media personnel during a rally, Trump says “someone would have to shoot through the fake news” to hit the bulletproof glass and “I don't mind that”— Trump's latest comments were an escalation of violent language he and his supporters have used in recent days.

Discussion:
Poynter, Deadline, Metro.co.uk, @coachfinstock.bsky.social, The Times of Israel, Raw Story, @jpjassy.bsky.social, @alaynatreene, @faineg.bsky.social, @digiphile@threads.net, @coachfinstock.bsky.social, @annmlipton.bsky.social, @ronaldfilipkowski@threads.net, @rachelbitecofer, UPI, @kolchak@threads.net, @alaynatreene, Forbes, Axios, Daily Mail, RedState, CBS News, @noahshachtman@threads.net, @cdarwin@c.im, Politico, @crampell, Alabama Reflector, New York Post, Reuters, HuffPost, Must Read Alaska, Rolling Stone, Salon, Fox News, The Independent, The Gateway Pundit, Townhall and ZeroHedge News

Discussion:

Ted Johnson /
Deadline: Donald Trump Says He Doesn't Mind If Someone Were To “Shoot Through The Fake News”

Tom Sanders /
Metro.co.uk: Trump says he ‘should have never left the White House’ in long, rambling speech @coachfinstock.bsky.social: Reporters are literally being told it's OK if someone shoots you and the NYT can't even take it seriously. It is not a joke. You really want your reporters find out if it is? You are outside your damn mind and a danger to your own employees. [embedded post] The Times of Israel: Trump says he 'shouldn't have left' White House, wouldn't mind if reporters are shot

Tom Boggioni /
Raw Story: ‘His brain is deteriorating’: Trump attacked after encouraging shooters at Sunday rally @jpjassy.bsky.social: That is not Trump going “off-message.” His abhorrent threats against reporters, and the foundations of a free press in a free country, have been part of his message for years. [embedded post]

Alayna Treene /
@alaynatreene: Trump in PA says he wouldn't mind if somebody were to “shoot through the fake news” if they were trying “to get to me” “But all we have really over here is the fake news, right. And to get me somebody would have to shoot through the fake news and I don't mind that so much”

Faine Greenwood /
@faineg.bsky.social: Journalists are sadly murdered for doing their jobs on a regular basis globally, and I really wish more American reporters could wrap their brains around “it absolutely could happen here, Donald Trump specifically wants to kill people like you, and ass-kissing won't guarantee you're safe.” [embedded post]

Alex Howard /
@digiphile@threads.net: Trump said he “wouldn't mind” if an assassin had to shoot through the Americans covering his campaign in the press corps: https://www.washingtonpost.com/ ... A President should always “mind” if Americans are murdered, no matter our race, religion, sex, party, profession. This is disqualifying hatred.

@coachfinstock.bsky.social:
Trump: let's shoot some journalists — JD Vance: lol nah he's kidding [embedded post]

Ann M. Lipton /
@annmlipton.bsky.social: it was the ap headline. but i do feel like i've seen more news headlines highlighting specific wild stuff trump (and rfk jr) have been saying, than I have in the past. — I feel like, for a while, the assumption was - it's baked in, so this stuff wasn't emphasized. Then the MSG rally broke through. …

Ron Filipkowski /
@ronaldfilipkowski@threads.net: Why is Drudge covering this election more accurately than legacy media?

Rachel Bitecofer /
@rachelbitecofer: Trump's closing message: Wouldn't it be great if we could shoot journalists?!

Ryan Anderson /
@kolchak@threads.net: Trump telling supporters, many of whom are deeply unhinged, that he wouldn't mind if someone murdered journalists should be deeply concerning. They can read between the lines.

Alayna Treene /
@alaynatreene: This comes after Trump & his team spent Friday defending his violent comments about Liz Cheney — something they don't want to be doing just days before the election “Let's put her with a rifle standing there with nine barrels shooting at her, OK?” Trump said of Cheney Thurs

Katelyn Caralle /
Daily Mail: Donald Trump jokes assassins would have to ‘shoot through the fake news’ to kill him and launches blistering presidential election attack

Bob Hoge /
RedState: Yet Another Faux Controversy As Lamestream Media Tries to Twist Trump's Words About ‘Fake News’

Noah Shachtman /
@noahshachtman@threads.net: Quite the headline out of Philly.

Chuck Darwin /
@cdarwin@c.im: Trump says he doesn't mind someone shooting at journalists at rally — Donald Trump told a crowd on Sunday that he wouldn't mind if someone shot at the news media present at his rally here, — escalating his violent rhetoric at one of his closing campaign events where he repeatedly veered off-message. …

Catherine Rampell /
@crampell: Trump says he doesn't mind someone shooting at journalists at rally https://www.washingtonpost.com/ ...

Kim Lyons /
Alabama Reflector: Trump rants about polls, says 'I don't mind' if someone shoots ‘through the fake news’ at rally

Ryan King /
New York Post: Trump riffs at rally that a sniper would have to ‘shoot through the fake news’ to get to him

Steve Holland /
Reuters: Trump says he wouldn't mind if someone shot through ‘the fake news’ to get him

Suzanne Downing /
Must Read Alaska: Mainstream media goes ballistic over Trump remarks

Alex Galbraith /
Salon: “Something's very wrong there”: Pelosi says Trump's brain is “deteriorating”

Lucy Leeson /
The Independent: Trump boasts sniper would have to ‘shoot through the fake news’ to get to him

Cristina Laila /
The Gateway Pundit: ANOTHER HOAX: Kamala's Camp and Fake News Claim Trump Wants Liz Cheney Executed by Firing Squad - Here's What Trump Really Said (VIDEO)

Leah Barkoukis /
Townhall: Trump Campaign Responds to 'Fake News Media's Latest Hoax'

New York Times:

The Times Tech Guild, representing NYT developers, data analysts, and more, goes on strike ahead of the US election; management offered a 2.5% annual wage rise— The Times Tech Guild represents more than 600 software developers and others who run the back-end systems behind The Times's digital operation.

Discussion:

Patricia Sauthoff /
@sauthoff.bsky.social: Today's crossword puzzle shall go unfinished. [embedded post]

Hamilton Nolan /
@hamiltonnolan: Hopefully these workers get their long overdue contract today but it must be said that if the NYT forces its tech workers to strike ON ELECTION DAY it will be the funniest management fuckup in media union history.

Hamilton Nolan /
@hamiltonnolan: NO WORDLE TODAY respect the picket line

David Folkenflik /
@davidfolkenflik: NYT tech guild announces it walks off the job - their members help power a lot of the digital elements readers turn to daily... and especially on big moments like Election Night [image] @nytimesguild: We know from personal experience that this decision was not taken lightly. @NYTGuildTech believes deeply in the mission of The Times and we believe in them. They have our backs everyday to help produce world class journalism. Today, and every day, we stand with @NYTGuildTech ✊ @nytguildtech: We are on ULP strike. We gave @nytimes management months of notice of our strike deadline, we made ourselves available around the clock, but the company has decided that our members aren't worth enough to agree to a fair contract and stop committing unfair labor practices. [image]

Annie Shields /
@anastasiakeeley: Do you play wordle or connections? Listen up: the workers who make these games will be on strike soon unless @nytimes agrees to a fair contract. This means breaking your streak to not cross the picket line! Enjoy the archive today while you can! [image]

@nytguildtech:
After our Bargaining Committee continued to push for a fair contract over the weekend, management still refused to get serious and make a deal. Therefore, we are going on a ULP strike. See you on the picket line ✊ https://www.nytimes.com/...

Amanda Hess /
@amandahess: At midnight, @NYTGuildTech went on strike! These workers power the fundamental technology that supports our election coverage around the clock. Management can stop the strike by agreeing to a fair contract with just cause. Show your support: https://actionnetwork.org/... @NYTGuildTech@union.place: After our Bargaining Committee continued to push for a fair contract over the weekend, management still refused to get serious and make a deal. Therefore, we are going on a ULP strike. See you on the picket line ✊ https://www.nytimes.com/... …

Tero Kuittinen /
@teroterotero: I stand with my election geek brothers - stand firm!!

Brian Stelter /
@brianstelter: This just in: “The @NYTGuildTech - the union that powers the technology behind election coverage at The New York Times - has walked off the job in a ULP strike that threatens Election Day.” [image]

Julianne McShane /
Mother Jones: New York Times Tech Workers Threaten Election Day Strike

Publishing Perspectives:

PEN America: 10,046 school books bans across 29 states were recorded from July 2023 to June 2024, up ~200% YoY; Florida had 4,500+ bans and Iowa had 3,600+ bans— Calling US book bannings ‘tragic for young people,’ PEN America, four days before the 2024 US elections, cites a one-year 200-percent increase in such censorship.

Discussion:
PEN America, Maryland Matters, UPI, DNyuz, Publishers Weekly, Orlando Sentinel, Associated Press and Creative Loafing Tampa Bay

Discussion:

William J. Ford /
Maryland Matters: Maryland schools tie South Carolina for banned books in PEN America report

Andrew Albanese /
Publishers Weekly: PEN America Report Confirms School Book Bans Are Surging

Steven Walker /
Orlando Sentinel: Florida again leads U.S. in book bans, new report finds

Hillel Italie /
Associated Press: Jodi Picoult's ‘Nineteen Minutes’ tops PEN America of books banned in schools

Fox:

Fox Corp reports Q1 revenue up 11% YoY to $3.6B, affiliate revenue up 6% YoY to $1.8B, ad revenue up 11% YoY to $1.3B due to political ads, and $832M net income— NEW YORK, NY, November 4, 2024 - Fox Corporation (Nasdaq: FOXA, FOX; “FOX” or the “Company") today reported financial results for the three months ended September 30, 2024.

Discussion:
Variety, TVNewsCheck, The Hollywood Reporter and Deadline

Discussion:

Brian Steinberg /
Variety: Political Ads, Soccer Drive Q1 Fox Profit

Mark K. Miller /
TVNewsCheck: Scripps Q3 Station Revenue Climbs 26%

New York Times:

James Ledbetter, a former media critic who wrote for The Village Voice, was Inc. magazine EIC, and started fintech newsletter FIN, died on October 28 at age 60— He wrote the Press Clips column for The Village Voice, held top jobs at Inc. magazine and Slate, and wrote a book …

Discussion:
TVNewsCheck, The Village Voice, FIN, Inc.com, Talking Biz News, @ellenychang, @nickgillespie, @villagevoice, @eamonlynch, @heerjeet, @kenli729, @jeffbercovici, @estherbrooklyn, @grossdm, @econhardship, @helaineolen, @hennesseyedit, @nkulw, @davidwhitford, @therichardpanek, @scaramucci, @lisquart, @theopedproject, @kantrowitz, @mccarthyryanj, @tenuredradical, @c_spencer_, @mkonnikova, @hollybizonthego, @greenwombat, @felixsalmon, @hollybizonthego, The Wrap and Talking Biz News

Discussion:

R.C. Baker /
The Village Voice: Remembering Jim Ledbetter and His Exposé, ‘The Unbearable Whiteness of Publishing’

Graham Winfrey /
Inc.com: James Ledbetter, Former Editor-in-Chief of Inc., Dies at 60

Chris Roush /
Talking Biz News: Longtime biz journalist Ledbetter dies at 60 @ellenychang: I am heartbroken to hear of the passing of James Ledbetter. He was an extremely kind person who was generous with his time, eager to help any journalist out and a joy to be around. I just saw him in February and he was eager to start his career at KPMG. [image]

Nick Gillespie /
@nickgillespie: Saddened to learn of the death of James Ledbetter, a writer and editor who cut a broad swath in a tough industry. Condolences to his family and friends. https://talkingbiznews.com/... @villagevoice: Remembering Voice stalwart Jim Ledbetter with this monumental piece from 1995, in which a longtime New Yorker contributor told him, “The closest I ever got to a person of color was a young white fact-checker with dreads.” https://www.villagevoice.com/ ...

Eamon Lynch /
@eamonlynch: Saddened to hear of Jim's passing. He was a friendly face who greeted me fresh off the boat as an intern at The Village Voice and for years beyond at bars and poker games. RIP.

Jeet Heer /
@heerjeet: This is such sad news. Jim was a fine journalists and a very well-grounded soul. His book One Nation Under Gold (about the gold standard) is a splendid read.

Kenneth Li /
@kenli729: Jim was one of the greats in NY media. He took a shot on me as a young reporter at The Industry Standard and were colleagues at Reuters. Amazing reporter, editor, columnist. Will miss him alot.

Jeff Bercovici /
@jeffbercovici: A huge loss. Jim was a hero of mine from my earliest days in journalism and when I had the chance to work for him, I felt like I'd made it. Smarter than anyone, so kind and generous to writers, a keeper of journalism's best traditions, a warm and funny man and proud, loving dad.

Esther Kaplan /
@estherbrooklyn: I'm stunned to hear the news. What a smart and good-hearted person we have lost. I first met Jim at the Village Voice and he's one of those people who just stayed in touch always, sending along good writers and ideas, there to share a round of drinks and a big, big laugh.

Daniel Gross /
@grossdm: Jim did it all—and did it all better and longer than virtually anyone else. Look all around Twitter today and you'll see how many people regarded working with him as a highlight @econhardship: Please join us in remembering and celebrating Jim Ledbetter, a brilliant and kind person, editor, and EHRP supporter and board member. Our executive director @lisquart, and Jim's longtime friend, remembers him here

Helaine Olen /
@helaineolen: I am distraught. Jim Ledbetter was warm, wonderful generous, a great friend to many, and a great editor and reporter. He's the editor who commissioned the essay that turned into my book, Pound Foolish. He will be missed. I will miss him.

Ray Hennessey /
@hennesseyedit: This is awful news. Jim was an outstanding human, a good friend, and one of the most thoughtful editors. May his memory be a blessing.

David Whitford /
@davidwhitford: After I took a buyout at Fortune on the cusp of 60, Jim hired me at Inc. I will always be grateful. He was a kind, supportive, accomplished professional. My thoughts and prayers are with his family.

Richard Panek /
@therichardpanek: Yes. I don't know where to begin. If the grade-school term “best friend” has any meaning, he was mine. We bonded, and bonded some more, and then kept connecting. Tonight I keep thinking, “I should email him about this absurd news”—and then.... Thank you, Maria.

Anthony Scaramucci /
@scaramucci: I had to look it up; I thought you were calling me a bird. Turns out NOT. Condolences for your friend.

Alissa Quart /
@lisquart: Loved Jim Ledbetter since the day I met him in 1993 @villagevoice . Kind, sharp, emo, a great editor, a wicked wit, erudite but also a troubadour... I will never be able to make this make sense of his early departure & the hole he has left in NYC, the media & my♥️. @econhardship @theopedproject: We are deeply saddened to share the passing of @jledbetter, a brilliant journalist, author, and long-time Mentor-Editor with @TheOpEdProject since 2009. Jim was a pioneer in business journalism, holding leadership roles at @KPMG, FIN, Inc. magazine, @Reuters, @Slate, @TIME, [image]

Alex Kantrowitz /
@kantrowitz: Beautiful remembrance of @jledbetter, one of the good ones. Gone too soon. https://www.inc.com/...

Ryan McCarthy /
@mccarthyryanj: . @jledbetter was the rare journalist who could be a mentor while making you feel like a peer, or just, as often, a conspirator. I didn't appreciate the skill and wisdom with which he gave me advice until years later. What an enormous loss https://talkingbiznews.com/...

Claire Potter /
@tenuredradical: I am going to miss @jledbetter terribly. He was a good friend an encouraging editor, and never turned down one of my pitches—only made them better. I'll miss your kind and funny spirit, Jim. https://talkingbiznews.com/...

Christian Spencer /
@c_spencer_: My time with the @observer was brief, but I want to say thank you once again for the opportunity. RIP @jledbetter

Maria Konnikova /
@mkonnikova: Absolutely devastated to learn that @jledbetter has died. He was my editor, my friend, a mentor to so many (myself included). We were just talking about getting drinks last month. I'm gutted that we didn't. A true force, gone far too early. https://talkingbiznews.com/...

Holly Sraeel /
@hollybizonthego: .@jledbetter possessed an innate ability to look at something and see around the corner, a skill he masterfully deployed in covering media, politics, business + technology. https://open.substack.com/...

Todd Woody /
@greenwombat: Terrible news about Jim Ledbetter's passing. It was an absolute pleasure to work with him in the wild days of The Industry Standard magazine and later crossed paths with Jim at Fortune and Reuters, where he gave me a contract gig. Condolences to his family & friends. @jledbetter

Felix Salmon /
@felixsalmon: The best word I have ever written in my career as a journalist was when I wrote a piece about @Scaramucci that ended with calling him a “popinjay”. The truth can now be told: That word wasn't my idea, it was suggested by the great @jledbetter, an indelible force for generations

Holly Sraeel /
@hollybizonthego: If you already love and respect @jledbetter as a writer, or want to understand why everyone is devastated by his sudden death, then revisit this epic 2-part investigative piece from 1995—The Unbearable Whiteness of Publishing—in @villagevoice. https://www.villagevoice.com/ ...

Bruce Haring /
The Wrap: James Ledbetter, Media Analyst and Author, Dies at 60

Chris Roush /
Talking Biz News: NYC event to honor Ledbetter is next week

Associated Press:

The US says it believes Iranian-American journalist Reza Valizadeh, who once worked for US-funded broadcaster Radio Farda, has been detained for months by Iran— An Iranian-American journalist who once worked for a U.S. government-funded broadcaster is believed to have been detained by Iran for months now …

Discussion:
Axios, New York Times, Firstpost, Bloomberg, Fox News, DNyuz, Voice of America, Reuters, New York Daily News and The Times of Israel

Discussion:

Amelia Nierenberg /
New York Times: U.S. Confirms Reports That Iran Arrested an Iranian-American Citizen Fox News: American journalist detained in Iran as Supreme Leader Khamenei threatens US, Israel, State Department says

Michael Lipin /
Voice of America: Exclusive: US says it is looking into case of American jailed in Iran

Joseph Wilkinson /
New York Daily News: Iranian-American citizen being held prisoner in Iran: feds

New York Times:

Q&A with Kay Koplovitz on her transition to becoming a VC with Springboard after selling USA Networks, why women-led startups are underestimated, DEI, and more— Kay Koplovitz still remembers her first negotiation. Her family was moving from one suburb of Milwaukee to another …

Discussion:
- Helena Torras on LinkedIn, more at Techmeme »

The Guardian:

Earlier in 2024, Sky found it had accidentally underpaid its ad partners, including Paramount and WBD, and now faces a bill for hundreds of millions of pounds— Sky Media will have to recompense business partners after discovering it had miscalculated what it owed them

Discussion:
Telegraph

Discussion:

Christopher Williams /
Telegraph: Sky hit with bill for hundreds of millions after advertising fiasco

The Guardian:

A look at ultranationalist Israeli broadcaster Channel 14, which counts Netanyahu as a supporter and is fast becoming the country's most-watched news source— Channel 14, which counts Netanyahu as a supporter, has denied allegations that its coverage has incited war crimes

Discussion:
@kaedotcom and @ayoub@spore.social

Discussion:

Kim Andrew Elliott /