Roku reports Q3 revenue up 16% YoY to $1.06B, vs. $1.02B est., 85.5M streaming households, up 2M QoQ, and Q4 guidance below est.; ROKU drops 11%+ after hours (Alexandra Canal/Yahoo Finance)

Mediagazer: Roku reports Q3 revenue up 16% YoY to $1.06B, vs. $1.02B est., 85.5M streaming households, up 2M QoQ, and Q4 guidance below est.; ROKU drops 11%+ after hours (Alexandra Canal/Yahoo Finance)

Top News:

New Jersey Digest:

The Star-Ledger, New Jersey's largest newspaper, plans to end its print edition on January 30, 2025, citing growing costs and a shrinking demand for print— The Star-Ledger, New Jersey's largest newspaper, will stop publishing its print edition on January 30, 2025, transitioning fully to a digital format.
Discussion: New Jersey Online, New York Times, New Jersey Globe, Allison Altobelli on LinkedIn, New York Post, Morning Call, UPI, PennLive, New York Daily News, @jaspertylerkane, Jason Notte on LinkedIn, @davidfolkenflik, @jeffjarvis@mastodon.social, @jaspertylerkane, @bobbyolivier, @joeconchatv, @brianstelter@threads.net, Kevin Whitmer on LinkedIn and Associated Press

Discussion:

David Wildstein /
New Jersey Globe: Star-Ledger will stop print editions in 2025

Allison Altobelli /
Allison Altobelli on LinkedIn: Traditional newspapers died 8 years ago. I (and many other good people I know) kept administering CPR on the table long after they flatlined. …

Alexandra Steigrad /
New York Post: New Jersey Star-Ledger will end print edition in 2025

Christopher Dornblaser /
Morning Call: Express-Times to end its print edition, go all-digital

Doug Cunningham /
UPI: Star-Ledger, other New Jersey newspapers to end print editions in early 2025

Ed Kane Cudahy /
@jaspertylerkane: I interned at The Star-Ledger and was fortunate enough to write on a byline and they paid me. It was a great experience and taught me a lot and gave me confidence in my writing.

Jason Notte /
Jason Notte on LinkedIn: I learned to read by reading ads from The Star-Ledger on my grandmother's floor in Belleville, N.J. — That paper made me want to become a journalist and it …

David Folkenflik /
@davidfolkenflik: The future is now: NJ's largest newspaper, the Star-Ledger, will kill its print edition in 2025. Was once a top 12 US circulation paper. Sister paper Trenton Times too. https://www.nj.com/...

Jeff Jarvis /
@jeffjarvis@mastodon.social: Here's the Star-Ledger/NJ.com/Advance Local announcement. Note that all its NJ papers continue online except the Jersey Journal (where my office once was), which is fully folding. https://www.nj.com/...

Ed Kane Cudahy /
@jaspertylerkane: This is terrible news for older news consumers who don't consume news on digital platforms

Bobby Olivier /
@bobbyolivier: Yes, The Star-Ledger print edition is going away. The electronic version of the newspaper will remain. As will all of the work we already do on NJ dot com. It's a sad but necessary step for us as a digitally focused newsroom. Details in the story. https://www.nj.com/...

Joe Concha /
@joeconchatv: As it should. Don't know a soul who reads the print edition. Online only is the only way forward.

Brian Stelter /
@brianstelter@threads.net: Three daily papers in New Jersey — The Star-Ledger, The Times of Trenton and the South Jersey Times — are ending print publication in February. Same old story: “Rising costs, decreasing circulation and reduced demand for print.” https://www.nj.com/...

Kevin Whitmer /
Kevin Whitmer on LinkedIn: Inevitable. ... Sad. ... And totally unavoidable news that dropped today. — I hurt for my friends and former colleagues in departments whose jobs will be affected. …

Yahoo Finance:

Roku reports Q3 revenue up 16% YoY to $1.06B, vs. $1.02B est., 85.5M streaming households, up 2M QoQ, and Q4 guidance below est.; ROKU drops 11%+ after hours— Roku (ROKU) stock fell more than 10% in after-hours trading on Wednesday after the company's Q4 guidance disappointed …

RELATED:

The Hollywood Reporter:

Roku will stop giving quarterly updates on the number of streaming households and average revenue per user, starting Q1 2025, following Netflix's footsteps— “Our business has also grown and evolved, and we are now primarily focused on growing Platform revenue and profitability," the company said in the Q3 shareholder letter.

Discussion:
The Wrap, Reuters, Variety, Benzinga, Motley Fool, Barron's Online, Cord Cutters News, Media Play News, Deadline, Roku Inc. and Bloomberg, more at Techmeme »

Discussion:

Lucas Manfredi /
The Wrap: Roku reports Q3 revenue up 16% YoY to $1.06B, vs. $1.02B est., a net loss of $9.03M, vs. $330.1M in Q3 2023, and 85.5M streaming households, up 2M from Q2 2024

Todd Spangler /
Variety: Roku Q3 Earnings Top Estimates, Company to Stop Reporting Streaming Households Metric

Chris Katje /
Benzinga: Roku Q3 Earnings Highlights: Revenue Beat, EPS Beat, Streaming Households Hit 85.5 Million

JesterAI /
Motley Fool: Roku Revenue Surpasses $1B Milestone

Janet H. Cho /
Barron's Online: Roku Posts First $1 Billion Revenue Quarter, Smaller-Than-Expected Loss

Luke Bouma /
Cord Cutters News: Roku Reports Strong Q3 2024 Earnings, Surpasses $1 Billion in Revenue

Erik Gruenwedel /
Media Play News: Q3: Roku Platform Tops $1 Billion in Revenue, 85 Million Households With Streaming Hours Up 20%

Dade Hayes /
Deadline: Roku Tops Wall Street Estimates In First $1B Revenue Quarter; Streaming Provider To Stop Reporting Household Tally In 2025 Roku Inc.: Fellow Shareholders, — Fellow Shareholders, October 30, 2024 We delivered strong results in Q3 …

Bloomberg:

Google faces increasing legal challenges from Russia and fines in non-US courts, after YouTube blocked three Russian channels following the invasion of Ukraine— Law experts raise concerns about nationalism rearing its head in courts around the world — When YouTube blocked three Russian channels …

Discussion:

Edson Porto /
Edson Porto on LinkedIn: ⚖️ You might have heard that a Russian court fined Google 2.5 decillion (yes, decillion) rubles. …

Francis Bond /
Francis Bond on LinkedIn: Spoke to Bloomberg with Nikolas Ireland about the rise in “legal nationalism” and the weaponisation of court judgments across the globe: …

Jacob Roach /
Digital Trends: Russia's fine of Google amounts to 23,809,523 times all of the money that exists on Earth

Todd Feathers /
Gizmodo: Russian Court Wants Google to Cough Up $20,000,000,000,000,000,000,000,000, 000,000,000

Nieman Lab:

A decade after the Serial podcast launched, public radio executives say they think true crime podcasts can bolster interest and support for their organizations— Amid the downturn in audio, some executives think the public radio model — with a dash of true crime — might provide a way forward.

Discussion:
@jeffjarvis@mastodon.social, Nieman Lab and

Discussion:

Jeff Jarvis /
@jeffjarvis@mastodon.social: The desperate tabloidization of public radio.... The future of true crime sounds like...public radio? https://www.niemanlab.org/...

Laura Hazard Owen /
Nieman Lab: 10 years after Serial: Nieman Lab looks at crime news now

Washington Post:

CCDH: of 283 X posts in 2024 with false election claims that Community Notes members had responded to, only 20 had notes with enough votes to be publicly shown— X's crowdsourced fact-checking program has been hailed as a bold idea for social media. Research shows it's failing at a critical moment.

Discussion:
@deanbaker13.bsky.social, Engadget, The Washington Post on LinkedIn, @ma_franks, @willoremus and

Discussion:

Dean Baker /
@deanbaker13.bsky.social: It looks like Elon Musk is falling down on the job in keeping his site from spreading lies www.washingtonpost.com/technology/ 2...

Danny Gallagher /
Engadget: X's Community Notes feature has one job, and it's failing to do it The Washington Post on LinkedIn: When Elon Musk acquired Twitter in 2022, he laid off swaths of workers tasked with moderating the platform and embraced an experimental approach: asking users to fact-check one another. …

Dr. Mary Anne Franks /
@ma_franks: Least surprising news of the day:"Musk has touted the crowdsourcing program, called Community Notes, as “the best source of truth on the internet.” But the majority of accurate fact checks proposed by users on political posts are never shown to the public" https://www.washingtonpost.com/ ...

Will Oremus /
@willoremus: New research by @CCDHate and our data team find that Community Notes users often propose accurate fact-checks of misleading election posts — but 91% of those are never approved or shown on X. Gift link: https://www.washingtonpost.com/ ... w/ @TrishaThadani & @jeremybmerrill

Will Oremus /
@willoremus: NEW: We dove deep into X's “Community Notes” fact-checking program to see how it's faring against a tide of election misinformation, drawing on our own analysis & independent research. The verdict: It's an ingenious idea that is, at this crucial moment, completely overmatched. [image]

RELATED:

Engadget:
X says it has “re-architected” the scoring system for its Community Notes feature so that notes can now appear less than 20 minutes after a post is published

Discussion:
Reclaim The Net, @_jaybaxter_, @elonmusk and @communitynotes

Discussion:

Cindy Harper /
Reclaim The Net: Harris-Walz Social Media Machine Is Silencing Critics and Boosting Supporters

Jay Baxter /
@_jaybaxter_: Notes show up way faster now!! Behind the scenes, the eng team pulled off a rewrite of much of the backend scoring system to make this a reality. Really happy to see it paying off!! ⚡️

Elon Musk /
@elonmusk: Big upgrade to Community Notes! @communitynotes: Introducing Lightning Notes ⚡ People want fast notes. So we re-architected the system to score notes faster. Since rolling this out, we've seen notes go live in as little as 14m33s after being written, and 18m20s after the post itself was written. Ludicrously fast? Now reality! [image]

Axios:

Sources: NBC News plans to promote Way Too Early host Jonathan Lemire as the co-host of the “Morning Joe” 9am hour in January 2025— - His Red Sox obsession gives him plenty to banter about with Scarborough and co-host Willie Geist — along with Liverpool soccer, “Star Wars,” presidential biographies and table tennis.

Discussion:
TVNewsCheck, Raw Story, RedState and @maxwelltani

Discussion:

Max Tani /
@maxwelltani: Big, well-deserved move for @JonLemire

Deadline:

The Grammys, which have aired on CBS for over 50 years, will air on ABC, Hulu, and Disney+ starting from 2027, as part of a 10-year deal— The Grammy Awards ceremony, which has aired on CBS for over 50 years, has a new home. — Disney has snatched the rights to the annual music awards show …

Discussion:

Matthew Keys /
The Desk: Disney snatches rights to Grammy Awards, starting in 2027

Alexandra Steigrad /
New York Post: ABC mistakenly airs election results declaring Harris winner of key swing state

Adam Jacobson /
Radio & Television Business Report: The Recording Academy Shifts Grammy Telecasts to Disney

Kimberly Roots /
TVLine: Grammys to Leave CBS After 54-Year Run — Find Out Where They'll Land

Brian Steinberg /
Variety: Disney Snares Grammys From CBS in First Change for Music Awards in 50 Years

Loree Seitz /
The Wrap: Grammy Awards to Move From CBS to Disney in 2027 With 10-Year Streaming and Broadcast Deal

Antonio Pequeño IV /
Forbes: Grammy Awards Will Move From CBS To Disney In 2027 Under 10-Year Deal

August Brown /
Los Angeles Times: The Grammys telecast moves to Disney from CBS under new 10-year deal

Danny Gallagher /
Engadget: Disney nabs the broadcast and streaming rights to the Grammys away from CBS

Aaron Williams /
UPROXX: The Grammys Will Air On ABC, Hulu, And Disney+ Beginning In 2027

Molly Schuetz /
Bloomberg: Disney Wins Rights to Broadcast Grammys From 2027, Ousting CBS

The Hollywood Reporter:

Amazon invests in Spotter, a creator platform that counts MrBeast as a client and provides capital and tools to creators, as part of a wider partnership— Spotter, which counts MrBeast, Deestroying, and Dude Perfect as clients, will give the tech giant new ways to monetize content …

Discussion:
Natalie Yallouz on LinkedIn, Tubefilter, Variety, The Wrap, Business Insider, Axios, @kerrymflynn and Deadline

Discussion:

Natalie Yallouz /
Natalie Yallouz on LinkedIn: 🚀 Big news in the creator economy! Today, client Spotter announced a strategic collaboration and investment from Amazon, marking a pivotal moment in the content and Creator space. …

Todd Spangler /
Variety: Amazon Invests in Spotter, Which Has Paid Out More Than $940 Million to Creators

Lucas Manfredi /
The Wrap: Amazon Bets on Creator Economy With Investment in Spotter, Firm Behind MrBeast and Try Guys

Lucia Moses /
Business Insider: Dude Perfect's new Texas headquarters will also serve as a studio for YouTube creators

Kerry Flynn /
Axios: Amazon invests in creator company Spotter

Kerry Flynn /
@kerrymflynn: News: @amazon has invested in @SpotterCreators, a creator platform that provides capital and tools, as part of a wider partnership. The investment is part of an extension of Spotter's Series D round Details on @AxiosPro: https://www.axios.com/...

The Guardian:

Australia's ABC Chair Kim Williams says pursuing “digital titans for a fair cut of the revenues drained from mainstream journalism” is a “democratic imperative”— Kim Williams says funding local news and public interest journalism is crucial in a world where 'the distortion …

Discussion:
Crikey

Discussion:

Variety:

Barcelona-based Grup Mediapro launches a €1B sports rights brokering fund, targeting established and emerging sports— Grup Mediapro, the Barcelona-based global holding including The Mediapro Studio, is launching and will manage a €1 billion ($1.1 billion) sports rights brokering fund …

NPR:

The LA Times has lost 10,000 to 18,000 subscriptions, or up to 4.5% of its subscribers, since owner Patrick Soon-Shiong axed the paper's Harris endorsement— Subscribers keep deserting The Washington Post after it announced it would not endorse any candidate in the race for the White House.

Discussion:

Elahe Izadi /
Washington Post: After non-endorsement, 250,000 subscribers cancel The Washington Post

Sarah Scire /
Nieman Lab: The Washington Post's non-endorsement led to record-breaking weeks at other news orgs

Bari Weiss /
The Free Press: The Free Press Votes

Jason Koebler /
404 Media: The Billionaire Is the Threat, Not the Solution

Dave Jamieson /
HuffPost: The Biggest Non-Endorsements Of 2024 — A partial list of people and institutions withholding …

James Meyers /
One America News Network: Report: Washington Post Loses 250K Subscribers Over Decision Not To Endorse Harris

Ariel Zilber /
New York Post: Washington Post loses 250K — or 10% — of subscribers over decision not to endorse Kamala Harris: report

Kevin Beaumont /
@GossiTheDog@cyberplace.social: The Washington Post staff are having to report on their own demise at the hands of their owner. https://www.washingtonpost.com/ ...

Liam Reilly /
CNN: More than 250,000 Washington Post readers cancel subscriptions in revolt over non-endorsement

Rebecca Falconer /
Axios: WaPo subscribers flee en masse after Bezos' endorsement decision The Wrap: Washington Post Has Lost 250K Subscribers, LA Times 18,000 Since Owners Axed Kamala Harris Endorsements Fox News: WaPo staffer unsure paper can recover as Bezos-owned outlet sheds 250,000 subscribers over endorsement fiasco