IAC reports Q3 revenue at Dotdash Meredith up 5% YoY to $439.5M and a $22.1M operating profit; The Daily Beast is profitable, a first, and revenue rose 81% YoY (Todd Spangler/Variety)

Mediagazer: IAC reports Q3 revenue at Dotdash Meredith up 5% YoY to $439.5M and a $22.1M operating profit; The Daily Beast is profitable, a first, and revenue rose 81% YoY (Todd Spangler/Variety)

Top News:

Wall Street Journal:

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

Discussion:

Luke Bouma /
Cord Cutters News: Disney Widens CEO Search Beyond “Castle Walls,” Electronic Arts CEO Among Contenders

Evan DeSimone /
@mediaevan: I had Dana Walden for this, but the election outcome certainly doesn't help her. https://www.wsj.com/...

Alex Weprin /
@alexweprin: EA CEO Andrew Wilson is the first possible external candidate whose name has surfaced for the Disney CEO job (outside of Adam Silver last year) https://www.wsj.com/...

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

Discussion:

Kyle Chayka /
@chaykak: can you do “business journalism” while avoiding “political stories”? https://www.nytimes.com/...

Brian Steinberg /
@bristei: This venture idea reminds me a little of Great Big Story, the former CNN documentary video operation? https://www.nytimes.com/...

Scott Nover /
@scottnover: Genuine question: Since Blodget is banned from the securities industry, does that only affect his ability to invest in public companies? If this startup were to go public, would he have to divest?

Henry Blodget /
@hblodget: Yes, @nichcarlson IS launching a new media co! And thank goodness! Video is by far the most consumed and influential medium on the planet. But linear TV is dying. So the world needs a trusted, focused, native-digital-video journalism brand. Nick and Dynamo are building it!

Ben Mullin /
@benmullin: scoop: @nichcarlson is launching a new media company, Dynamo, with backing from @hblodget, @Jessicalessin and @ajs. Just don't call it a pivot to video!! https://www.nytimes.com/...

Nicholas Carlson /
@nichcarlson: My news is out!

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 …

Discussion:

Nik Roseveare /
Advanced Television: Lineker leaving Match of the Day

Dean Austen /
The Sun: My pal Gary Lineker has been brilliant on MOTD - but he wasn't happy when I told him he's even more divisive than ME

Frank Dalleres /
City A.M.: The three names in the frame as Lineker confirms Match of the Day leaving date

Gabrielle Wilde /
GB News: ‘Left-field choice’ tipped for MOTD role as BBC plan for major shake-up

Ali Watkins /
New York Times: Gary Lineker to Leave BBC's ‘Match of the Day’

Mallory Moench /
BBC: Gary Lineker to leave BBC's Match of the Day

Matt Webb Mitovich /
TVNewsCheck: ABC Sets Midseason Dates for ‘Rookie’, ‘Will Trent’, Tim Allen Comedy

Dan Sheldon /
New York Times: Gary Lineker leaving Match of the Day at end of season, will host BBC's 2026 World Cup coverage

Kasra Moradi /
The Mirror: Jermaine Jenas' awkward joke to Gary Lineker about taking his Match of the Day job

Martin Robinson /
Daily Mail: Axing Lineker will save BBC ‘millions’: Gary was ‘open’ …

Daniel /
@dan_ofthesouth: Go on @GaryLineker 🫡 [image] @bbcmotd: ‘A big part of my life right from the start.’ @GaryLineker speaking to @BBCBreakfast, reflecting on what Match of the Day means to him. #BBCFootball [video] @hltco: 25 years presenting MOTD is incredible when you think about it. Gary Lineker has been the face of this country's biggest football show for the entirety of millions of supporters' lives, he'll have been one of the first faces they associated with the game; that's some legacy. [image]

Helen Bushby /
BBC: Lineker to stop hosting Match of the Day, BBC confirms

@bbcmotd:
The end of an era, after more than 25 years hosting Match of the Day. Gary will continue to host the FA Cup and lead the BBC's 2026 World Cup coverage. #MOTD #BBCFootball [image]

Alexandra Topping /
The Guardian: BBC begins search for Gary Lineker's replacement as Match of the Day host @theeuropeanlad: Gary Lineker will be missed as presenter of Match of the Day. I remember watching this program every Saturday night as a little boy until now. Nostalgic, funny and class.

Dougie Critchley /
@dougiecritchley: Replacing Gary Lineker is a near impossible task. He is Match Of The Day. It's all multiple generations have ever known. Broadcasting behemoth!

Ellise Shafer /
Variety: Gary Lineker to Leave ‘Match of the Day’ at End of Season, Extends BBC Contract to 2026 World Cup

Arthur Weinstein /
Awful Announcing: Popular announcer Gary Lineker reportedly sets BBC departure

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

Discussion:

Natasha Lomas /
TechCrunch: Europe's DMA forces Meta towards ‘less personalized ads’

Jess Weatherbed /
The Verge: Meta plans to walk back its ‘pay or consent’ ad model in the EU.

Lex Zard /
@lexzard: This model is only legitimate if the third ‘less personilised’ option is able to pass the legitimate interest test - that is if processing personal data for this option does not require consumer consent. Not a big chance Meta can prove this https://about-fb-com.cdn.ampproject.org / ...

Mike Ryan /
@mikeryanretail: These “less personalized ads” will be contextual *within a session* and augmented by baseline demographics (age, gender, location) Rollout begins “in the coming weeks,” i.e. peak shopping season

Gian Volpicelli /
Bloomberg: Meta Unveils Less Targeted Ads to Allay EU Regulators' Concerns

Eric Seufert /
@eric_seufert: Meta is reducing the price of its subscription and introducing a Less Personalized Ads (LPA) scheme that will target ads only by context in the EU to comply with the DMA and new interpretations of the GDPR. [image] @metanewsemea: We will significantly reduce the price of Subscription for no ads, and offer people in the EU an additional new choice to use Facebook and Instagram for free with less personalized ads. We are doing this in response to feedback from EU regulators, even though evidence shows that

Markus Kasanmascheff /
WinBuzzer: Meta Adjusts Ads on Facebook and Instagram to Meet EU Demands

Kelvin Chan /
Associated Press: Facebook and Instagram users in Europe can opt for less personalized ads

Brian O'Donovan /
RTÉ: ‘Unskippable’ ads to feature on Facebook and Instagram

Sara Fischer /
Axios: Meta adjusts ad approach amid pressure from EU regulators

Adrian Weckler /
Irish Independent: Facebook and Instagram to introduce unskippable ads

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, Reuters, Telegraph, Daily Sabah and Al Jazeera

Discussion:

Angelique Chrisafis /
The Guardian: French news titles sue X over allegedly running their content without payment

Chris Price /
Telegraph: Europe's richest man sues Elon Musk's X

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, @brianstelter, @charliekirk11, @collinrugg, New York Times, Newser, Barrett Media, RedState, 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

Discussion:

KiMi Robinson /
USA Today: Chris Wallace will leave CNN 3 years after defecting from ‘Fox News Sunday’

Brian Stelter /
CNN: Chris Wallace departs CNN after three years at network

Brian Stelter /
@brianstelter: Statement from CNN CEO Mark Thompson: “Chris Wallace is one of the most respected political journalists in the news business with a unique track record across radio, print, broadcast television, cable television and streaming. We want to thank him for the dedication and wisdom

Charlie Kirk /
@charliekirk11: 77-year-old Chris Wallace will quit CNN and walk away from a seven-figure salary rather than renegotiate his contract. His plan is to go into independent streaming or podcasting, pointing to Joe Rogan and Charlamagne tha God's reach as inspiration. Legacy news outlets are losing [image]

Collin Rugg /
@collinrugg: JUST IN: Chris Wallace to quit CNN as he apparently seems to think the mainstream media is dying, says he is thinking about getting into podcasting. Wallace told the Daily Beast that streaming and podcasting is “where the action seems to be.” “This is the first time in 55 years [video]

Ameshia Cross /
@ameshiacross: No big surprises here. Streaming is the most lucrative and growing form of media out there...though I'm not sure who Wallace's audience is at this point, from a purely business perspective, a lot of people are cued in on streaming

Brian Stelter /
@brianstelter: Chris Wallace was one of the faces of CNN's election coverage just last week, so his exit may surprise viewers. But it is common for TV anchor contracts to align with election cycles and for networks to make major adjustments in the months afterward... https://www.cnn.com/...

Oliver Darcy /
Status: The Washington Posthaste — With a second Donald Trump presidency on the immediate horizon …

Taiyler S. Mitchell /
HuffPost: Chris Wallace Leaving CNN In Search Of Podcasting Or Streaming Venture

Brian Steinberg /
al.com: After leaving Fox News veteran journalist walking away from CNN

Charlie Nash /
Mediaite: Chris Wallace to Leave CNN

Vanessa Serna /
Page Six: Chris Wallace quits CNN after three years to explore streaming and podcasting

Rebecca Falconer /
Axios: Chris Wallace leaving CNN after 3 years

David Propper /
New York Post: CNN host Chris Wallace leaving network after 3 years to explore possible full-time podcasting career

Dominick Mastrangelo /
The Hill: Chris Wallace leaving CNN

Sharon Knolle /
The Wrap: Chris Wallace Quits CNN to Pivot to Streaming, Podcasting

Ted Johnson /
Deadline: Chris Wallace To Depart CNN After Three Years At Network

Brian Steinberg /
Variety: Chris Wallace Will Exit CNN

Sharon Knolle /
TVNewsCheck: Chris Wallace Quits CNN To Pivot To Streaming, Podcasting

Mike LaChance /
The Gateway Pundit: REPORT: Chris Wallace Leaving CNN After Three Years - Might Try Podcasting

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, Investing.com, Tencent Music, Variety and Music Business Worldwide

Discussion:

Elizabeth Dilts Marshall /
Billboard: Tencent Music Profit Jumps 35% on Subscriber Growth

Anusuya Lahiri /
Benzinga: Tencent Music's Q3 Revenue Tops $1 Billion, But Monthly Active Users Fall 3%, Stock Reacts Tencent Music: Tencent Music Entertainment Group Announces Third Quarter 2024 Unaudited Financial Results

Patrick Frater /
Variety: Tencent Music Enjoys Streaming Growth as Social Side Continues Slide

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:

Amy Reinhard /
About Netflix: Netflix Celebrates Two Years of Advertising

Lucas Manfredi /
The Wrap: Netflix's Ad Tier Explodes to 70 Million Monthly Users Globally

Harshita Mary Varghese /
Reuters: Netflix's ad-supported tier hits 70 million users

Chris Morris /
Fortune: In just two years, Netflix's ad-supported tier has signed up 70 million users, eclipsing total membership for Hulu, Peacock, and Apple TV+

Lawrence Bonk /
Engadget: Netflix's ad tier has attracted more than 70 million subscribers

Alex Weprin /
The Hollywood Reporter: Netflix Says Ad Tier Has Surged to 70M Users, Christmas Day NFL Games Sold Out

Wendy Lee /
Los Angeles Times: Netflix says ad-supported plan now has 70 million monthly active users

Alexandra Canal /
Yahoo Finance: Netflix ad tier reaches 70 million monthly active users

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 …

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:

Katie Robertson /
New York Times: New York Times Tech Guild Ends Strike

Wayne Friedman /
TVNewsCheck: Trade Desk Q3 CTV Ad Revenue Rises 36%

Brian Stelter /
@brianstelter: Some Times newsroom staffers are furious about how @NYTGuildTech handled this. National correspondent Jeremy W. Peters tells me: “The NewsGuild owes us, its dues paying members, an explanation for why they miscalculated so badly here. Unfortunately, when journalists need robust,

Ben Smith /
@semaforben: Bragging that “the apps and the website were slow to load” on election night ... @nyguild: Our @NYTGuildTech has wrapped up its Election ULP Strike and will return to work Tuesday. More here.... [image]

Corbin Bolies /
@corbinbolies: new: the NYT's tech guild ends its strike without getting to a contract, saying the strike served as a “warning” to NYT management. it adds that people can play NYT games. guild says the strike caused the NYT not to launch state-level needles (the presidential one went live) [image]

Max Tani /
@maxwelltani: Inbox: After a weeklong work stoppage coinciding with the election, unionized New York Times tech staff are ending their strike. The Guild said it does not have a contract yet. [image] @lessin: The striking new york times tech workers ‘warning’ their employer they are ‘coming back to work to move the fight inside’ ... please... the baller @nytimes response would be ‘stay home, forever, everything kept working fine with you’ ... [image] @nytguildtech: A WARNING TO THE TIMES: Tuesday, we will be returning to work, after a successful Election Week ULP Strike. We clearly demonstrated how valuable our work is to @nytimes. And now we'll move our fight inside. [image]

Lucia Moses /
@lmoses: New from me: @nyguild ending its tech worker strike vs the @nytimes after a week: https://www.businessinsider.com/ ...

Sharon Knolle /
The Wrap: New York Times Tech Workers End Strike Without Deal, Citing Impact Their Absence Had on Election Night Fox News: New York Times tech union ends weeklong strike with no contract in hand: ‘The vibes are not good’

Mike Janssen /
@mjanssen.bsky.social: My life can return to normal now (frantically Wordles) [embedded post]

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

Discussion:

David Satin /
The Streamable: DISH bondholders put DIRECTV merger in jeopardy, turn down new debt swap offer

Alexander Gladstone /
Wall Street Journal: Dish Bondholders Reject Debt Swap for Ergen's DirecTV Merger

Matthew Keys /
TVNewsCheck: Dish Creditors Reject Bond Exchange, Raising Questions About DirecTV Acquisition

Luke Bouma /
Cord Cutters News: Dish Network Bondholders Throw Wrench in DIRECTV Merger, Leaving Satellite TV's Future Uncertain

Matthew Keys /
The Desk: Dish creditors reject bond exchange, raising questions about DirecTV acquisition

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 …

Discussion:
Tennis.com, @bkrejcikova, @jon_wertheim, @pavyg, @bkrejcikova, @prickleandgoo, @bkrejcikova, @pavyg, Forbes, The Daily Beast, Associated Press, BBC, NBC News, Sports Business Journal, CNN, Us Weekly, Awful Announcing, Newser, Awful Announcing, HuffPost, Front Office Sports, OutKick, The Guardian, Awful Announcing, New York Post, Barrett Media, Fox News and GB News

Discussion:

Barbora Krejcikova /
@bkrejcikova: You might have heard about the recent comments made on Tennis Channel during the WTA Finals coverage that focused on my appearance rather than my performance. As an athlete who has dedicated herself to this sport, it was disappointing to see this type of unprofessional (cont.)

Jon Wertheim /
@jon_wertheim: A tennis twitter apology: [image]

Pavvy G /
@pavyg: This is the full transcript of what Jon Wertheim said; “What do you think I am...erm Barbora Krejcikova? Look at the forehead when Krejicikova and Zheng take the court....8 head.” He has since issued a public apology and has been suspended by the Tennis Channel. [video]

Barbora Krejcikova /
@bkrejcikova: 2/3 commentary. This isn't the first time something like this is happening in sports world. I've often chosen not to speak up, but I believe it's time to address the need for respect and professionalism in sports media. These moments distract from the true essence of (cont.) @prickleandgoo: So basically Jon Wertheim of @TennisChannel is apologising for getting caught, is that what I'm seeing here? This is disgusting. This is what women in sport have to deal with all the time, and it is unacceptable. [image]

Barbora Krejcikova /
@bkrejcikova: 3/3 sport and the dedication all athletes bring to the field. I love tennis deeply, and I want to see it represented in a way that honors the commitment we make to compete at this level.

Pavvy G /
@pavyg: @BKrejcikova A few people have asked to see the footage so here it is. I'm so sorry Barbora that you've had to endure this when all you are doing is working so hard and trying your best in being a professional, which can't be said for Jon Wertheim. All the best, we stand with you Barbora. ❤️ [video] Associated Press: Tennis Channel takes Jon Wertheim off the air for comment about Wimbledon champ Barbora Krejcikova

Katie Falkingham /
BBC: Krejcikova criticises journalist over forehead remark

Marlene Lenthang /
NBC News: Tennis Channel removes Jon Wertheim for ‘inappropriate’ remark about Barbora Krejcikova

Matias Grez /
CNN: Tennis Channel removes analyst indefinitely after comment about Barbora Krejčíková's forehead

Daniel Trainor /
Us Weekly: Tennis Channel Analyst Suspended After Making Fun of Star Player's Appearance on Air

Arthur Weinstein /
Awful Announcing: Tennis Channel commentator apologizes for bizarre hot mic comments

John Johnson /
Newser: Tennis Channel Suspends Analyst Over Hot Mic Joke

Ron Dicker /
HuffPost: Serves Him Right? Tennis Analyst Suspended After Mocking Player's Looks On The Air

Margaret Fleming /
Front Office Sports: Tennis Channel Suspends Journalist Jon Wertheim After Hot Mic Comments About Player's Appearance

Amber Harding /
OutKick: Tennis Analyst Jon Wertheim Suspended After Hot Mic Moment Making Fun Of Player's Forehead

Brandon Contes /
Awful Announcing: Hot mic catches Tennis Channel commentator making bizarre comment about women players

Zach Braziller /
New York Post: Tennis analyst pulled off air after hot-mic comments about Barbora Krejcikova Barrett Media: Tennis Channel Takes Jon Wertheim Off the Air ‘Indefinitely’ Following Comment About Barbora Krejcikova

Fox News:
Tennis Channel analyst suspended indefinitely after hot-mic comments made about 2024 Wimbledon champ