Roku will stop giving quarterly updates on the number of streaming households and average revenue per user, starting Q1 2025, following Netflix's footsteps (Caitlin Huston/The Hollywood Reporter)

Mediagazer: Roku will stop giving quarterly updates on the number of streaming households and average revenue per user, starting Q1 2025, following Netflix's footsteps (Caitlin Huston/The Hollywood Reporter)

Top News:

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: Reuters, Variety, Benzinga, Barron's Online, Cord Cutters News and Bloomberg

Discussion:

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

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

RELATED:
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— The streamer and hardware maker, which has 85.5 million households, will stop reporting the metric starting in the first quarter of 2025

Discussion:
The Desk, Deadline, Media Play News, Roku Inc. and Benzinga

Discussion:

Matthew Keys /
The Desk: Roku net revenue surpasses $1 billion in Q3

Dade Hayes /
Deadline: Roku Tops Wall Street Estimates In First $1B Revenue Quarter; Streaming Provider To Stop Reporting Household Tally In 2025

Erik Gruenwedel /
Media Play News: Roku Platform Tops $1 Billion in Revenue, 85 Million Households, Streaming Hours Up 20% Roku Inc.: Fellow Shareholders, — Fellow Shareholders, October 30, 2024 We delivered strong results in Q3 …

CNBC:
Reddit reports Q3 revenue up 68% YoY to $348.4M, vs. $312.8M est., DAUs up 47% YoY to 97.2M, vs. 96.5M est., ARPU of $3.58, vs. $3.24 est.; RDDT jumps 24%+

Discussion:
MediaPost, Yahoo Finance, The Information, Benzinga, Ars Technica, CBS News, Forbes, The Verge, Fast Company, Motley Fool, The Media Leader, Entrepreneur, Associated Press, RetailWire, The Guardian, Business Insider, Boing Boing, Digital Trends, Reddit Investors, Reuters, AdExchanger, Financial Times, Richard King on LinkedIn, Investor's Business Daily and Bloomberg

Discussion:

Colin Kirkland /
MediaPost: Reddit Boosts Ad Revenue, Grows Daily Active Users In Q3

Brian Sozzi /
Yahoo Finance: Reddit CEO: We are becoming mainstream social media

Martin Peers /
The Information: Reddit Stock Soars 43% In Wake of Strong Earnings

Vaishali Prayag /
Benzinga: Reddit Stock Is Ripping Higher Wednesday: What's Happening?

Scharon Harding /
Ars Technica: Amid controversial changes, Reddit is getting more popular—and profitable

Alain Sherter /
CBS News: Reddit stock price soars after social media player reports profit milestone

Ty Roush /
Forbes: Reddit Stock Surges Nearly 40% Toward Best Day Ever After Revenue Beats Estimates

Emma Roth /
The Verge: Reddit is profitable for the first time ever, with nearly 100 million daily users

Michael Grothaus /
Fast Company: Reddit stock price: 3 reasons why RDDT is soaring to all-time highs

Anders Bylund /
Motley Fool: Why Reddit Stock Is Surging Today

Jack Benjamin /
The Media Leader: Reddit wants to compete in search

Blake Montgomery /
The Guardian: Reddit shares soar after company turns first-ever profit

Rob Beschizza /
Boing Boing: Reddit profitable for first time ever

Trevor Mogg /
Digital Trends: Reddit just achieved something for the first time in its 20-year history

Jaspreet Singh /
Reuters: Reddit shares jump 22% as AI deals boost quarterly revenue forecast

Anthony Vargas /
AdExchanger: Reddit's Ads Biz Exploded In Q3, Albeit From A Small Base

Hannah Murphy /
Financial Times: Reddit shares soar 25% as it turns its first profit

Richard King /
Richard King on LinkedIn: Wow! Huge revenue growth for Reddit!! And soooo many jobs posted!! Dozens and dozens of white-collar, corporate roles! Career site: https://lnkd.in/... …

Ryan Deffenbaugh /
Investor's Business Daily: Reddit Stock Surges As Strong Revenue Growth Powers Surprise Profit

Aisha Counts /
Bloomberg: Reddit Set to Hit Record High After Strong Sales Forecast

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 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:

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. …

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: …

Joshua Nelken-Zitser /
Business Insider: A Russian court hit Google with a fine larger than the world's GDP, stretching credulity

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

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:
Engadget, The Washington Post on LinkedIn, @ma_franks, @willoremus and

Discussion:

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]

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:
IndieWire, New York Post, Radio & Television …, Variety, The Wrap, Billboard, TVLine, TVNewsCheck, Forbes, Los Angeles Times, UPROXX, The Hollywood Reporter, Associated Press, Bloomberg and Just Jared

Discussion:

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

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

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

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

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

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

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:
Variety, The Wrap, Deadline, Business Insider, Axios and @kerrymflynn

Discussion:

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

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:

Columbia Journalism Review:

Journalists and liberal critics blast the NYT and other US news outlets for “sanewashing”, false equivalence, and more, and call for sharper political reporting— From sanewashing to false equivalence, many readers have had it with their favorite news publications. Editors would do well to listen.

Discussion:
Balloon Juice: I want to Change Bourbon Brands, but What About all the Distillery Workers, and the Craft of Distilling Itself?!? @jeffjarvis: .@CJR gave me the opportunity to write the story I've so wanted to write about the wave of liberal anger with the NY Times, Washington Post, et ilk, over campaign coverage, quoting many journalists and exploring theories. https://www.cjr.org/...

Jay Rosen /
@jayrosen_nyu: By @jeffjarvis: “I will not cancel my subscriptions, for I both want to support the good and necessary journalism still produced there and to stay on the case of these institutions. But I am disappointed in them, and often angry...” https://www.cjr.org/... Recommended.

Jennifer Schulze /
@newsjennifer: Like @jeffjarvis, I've spent my life as a journalist. I believe it is essential work now more than ever. I point out sanewashing, stenography, false equivalence, misleading headlines & other missteps for the simple reason that I want the journalism work to improve.

Steve Kettmann /
@stevekettmann: Great, great CJR piece by Jeff Jarvis, who many of us rely on to stay abreast of media trends. Please read. Very important article.

James Fallows /
@jamesfallows: Very good piece by @jeffjarvis in @CJR @flo_a: @jeffjarvis @CJR “Bouie regularly calls on history for explanation, something I wish more newsroom journalists would do.... Journalists like to say they write the first draft of history. Too often that means they ignore history.” @MissConstrue@mefi.social: Y'all, you know I have thoughts about the current state of American news. I have not been shy about what I think about the sanewashing and the clear and present danger of billionaires being in charge of information dissemination. …

Jeff Jarvis /
Jeff Jarvis on LinkedIn: The Columbia Journalism Review gave me the opportunity to write the story I've so wanted to write about the wave of liberal anger with the New York Times …

Bruce MacDonald /
@rationaldoge@hachyderm.io: “This is what makes us liberal critics sigh. Why “baseless claim” and not “racist lie”? And to paint this as merely a risky campaign tactic instead of what it is—an incitement to race hate and violence—is an abrogation of journalistic responsibility.” — Why Are Liberals Infuriated with the Media? …

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 …