Slate says its magazine daily subscription sign-up rate was up 7x on a normal Wednesday day on November 6, after a 4x spike on the November 5 election day (Raquel 'Rocky' Harris/The Wrap)

Mediagazer: Slate says its magazine daily subscription sign-up rate was up 7x on a normal Wednesday day on November 6, after a 4x spike on the November 5 election day (Raquel ‘Rocky’ Harris/The Wrap)

Top News:

The Atlantic:

The 2024 US election cycle has shown that few seem to agree on who constitutes “the media”, what their role should be, or how much influence they have in 2024— “You are the media now.” That's the message that began to cohere among right-wing influencers shortly after Donald Trump won the election this week.
Discussion:

Max Tani /
Semafor: US legacy news outlets' coverage of Trump is likely to change as they end internal debates about “normalizing” Trump and acknowledge a political realignment

Charlie Warzel /
@cwarzel@threads.net: Don't really know how to write a post for this new column of mine. I think the media is in a weird, rough place. I don't think it was ‘the podcast election.’ I think it was the ‘nobody knows what anyone does online or how much it all matters’ election. The 'You're the media now' election (gift link) https://www.theatlantic.com/ ... @craigsilverman@mastodon.social: “The undeniable truth is that people, glued to their devices, like to consume information when it's informally presented via parasocial relationships with influencers ...and the feeling that only a slight gap separates creator and consumer.” — https://www.theatlantic.com/ ... @deggans: Charlie Warzel crystallizes things on the tip of my brain until he wrote them. On pro media's huge challenge today: “people, glued to their devices, like to consume information when it's informally presented via parasocial relationships with influencers.” https://www.theatlantic.com/ ...

Paul Farhi /
@farhip: Many a fine point in this @cwarzel piece about the criticisms of “the media:” —Did the media cover up Biden's decline? Did it also drive him from the race? —Did it fail to do its job? But is it also powerless and irrelevant? Something for everyone. Ugh. https://www.theatlantic.com/ ...

Benjamin Mazer /
@benmazer: “It is terribly difficult to make people care about things they don't already have an interest in...As a result, news organizations frequently take cues from what they perceive people will be interested in.” @cwarzel https://www.theatlantic.com/ ...

Hal Davis /
@haldavis3: .@cwarzel: They enjoy frenetic, algorithmically curated short-form video, streaming and long-form audio, and the feeling that only a slight gap separates creator and consumer. 2/ https://www.theatlantic.com/ ...

DJ Koessler /
@djkoessler: “'You are the media now.' That's the message that began to cohere among right-wing influencers shortly after Donald Trump won the election this week.” It's never been more urgent for Democrats to invest in the creator economy and media building. https://www.theatlantic.com/ ...

Charlie Warzel /
@cwarzel@threads.net: I've found some of the 'build/find the left's Joe Rogan' discourse disheartening in this vein. you don't build stuff like that anymore with the intention of becoming a behemoth. that's not really how it works with this stuff. and in the scramble to make sense of things …

Charlie Warzel /
@cwarzel@threads.net: All of this is a bit brain scrambling. I think there needs to be a reckoning about why so many people have tuned out/lost trust. But the information environment has also been poisoned in ways that only make this worse. …

Charlie Warzel /
@cwarzel@threads.net: For example. You can stop posting to Twitter (for me, its 98% just a vector to get trolled these days). I don't really want to lend my name and words to a platform owned by a guy who is trying to dismantle my industry. But also...it's where people you want to reach are. …

Charlie Warzel /
@cwarzel@threads.net: I wrote a lot of words over the last two days thinking out loud about ‘the media’ and this election. How it felt like lots of people in and outside the industry were confused about just how much influence the press has/should have. How its very hard to know what moves the needle and what matters. …

Jonathan Easley /
The Hill: Evening Report — Legacy media grapples with declining influence

RELATED:

User Mag:

Threads becoming inundated with liberal election fraud conspiracies highlights the shift toward a “post-truth” online landscape across the political spectrum— Over the past several days, Meta's Threads has become inundated with liberal election fraud conspiracies.

Discussion:
@taylorlorenz@mastodon.social and @taylorlorenz@threads.net, more at Techmeme »

Discussion:

Taylor Lorenz /
@taylorlorenz@mastodon.social: It's a mistake to say “well no elected officials are promoting election conspiracies” so it's not a big deal, when you have tens of thousands of liberal Democrat voters pushing hardcore election denialism and a platform like Threads boosting these conspiracies and actively downranking the journalists and news organizations attempting to combat them. …

Taylor Lorenz /
@taylorlorenz@threads.net: I wrote about how Threads has become a hotbed of liberal conspiracism and how dangerous it is that Democrats are engaging in such deep denialism of the truth https://www.usermag.co/...

Financial Times:

A profile of Interscope CEO John Janick, who was promoted to run UMG's US West Coast labels in March 2024, adding to speculation that he will one day be UMG CEO— Why Billie Eilish and Olivia Rodrigo chose John Janick — Dr Dre is frustrated. “What are you gonna do?” …

Discussion:
Bloomberg, @arogdc, @robinwigg and @annaknicolaou

Discussion:

Alex Rogers /
@arogdc: “What are you gonna do?” @dre asked a group of music executives. “We got a thousand mothafuckas in here . . . It would be great if somebody could entertain my question.” https://www.ft.com/... -@annaknicolaou

Robin Wigglesworth /
@robinwigg: SPECTACULAR feature on a new era at Interscope by @annaknicolaou https://www.ft.com/...

Anna Nicolaou /
@annaknicolaou: my first solo magazine cover 🖤 the story of John Janick, the CEO of Interscope Records, and how he's remade the legendary label through star signings like Billie Eilish and Olivia Rodrigo. (w/ appearances by Snoop Dogg, Dre and Lady Gaga) https://www.ft.com/... [image]

RELATED:

Billboard:

Bill Ackman, UMG board member and major shareholder, seeks to move UMG's stock listing and HQ to the US from Amsterdam, after Israelis were attacked in the city— The head of Pershing Square Capital, which owns 10% of UMG's stock, said moving UMG to the U.S. after attacks on Israelis overnight …

Discussion:

Bill Ackman /
@billackman: I am going to seek approval from the board of Pershing Square Holdings— in which I and my family own 23% of the shares—to eliminate its listing on the @euronext Amsterdam exchange. The board had been considering the move because our second listing on the @LSEplc now represents

Ryan Hogg /
Fortune: Billionaire investor Bill Ackman vows to abandon Amsterdam stock exchange over city's failure ‘to protect tourists’ as antisemitic violence erupts

Stuart Dredge /
Music Ally: Pershing Square Holdings boss wants UMG to be listed in the US

Ashley King /
Digital Music News: UMG Investor Pershing Square Holdings Is Leaving Euronext Amsterdam—Will UMG Follow?

Tim Ingham /
Music Business Worldwide: Bill Ackman wants to move Universal Music Group's financial HQ from Amsterdam to the US. Universal has warned it might not be possible.

Sharon Wrobel /
The Times of Israel: Billionaire investor Ackman seeks delisting from Amsterdam exchange after attack

Jem Aswad /
Variety: Billionaire Bill Ackman Calls on Universal Music to Move Its Listing to U.S. After Amsterdam Attacks, UMG Says He Does Not Have That Right

Alex Weprin /
The Hollywood Reporter: Bill Ackman Pushing Universal Music Group to Move Listing From Europe to U.S.

Auzinea Bacon /
CNN: Bill Ackman plans to pull his companies out of Amsterdam after antisemitic attacks

Susanne Barton /
Bloomberg: UMG Says Bill Ackman Can't Require It to Delist From Euronext

Angela Palumbo /
Barron's Online: Bill Ackman Looks to Remove Companies From Amsterdam Exchange In Wake of Antisemitic Attacks on Soccer Fans

Margaret Flavin /
The Gateway Pundit: Hedge Fund Billionaire Bill Ackman Seeks to Remove Pershing Square Holdings From Euronext Amsterdam Exchange After Brutal Attack on Jewish Soccer Fans

Mauro Orru /
Wall Street Journal: Bill Ackman Seeks to Scrap Pershing Square, Universal Music Listings in Amsterdam After Attacks

James Franey /
New York Post: Bill Ackman vows to yank hedge fund from Amsterdam-based stock exchange after soccer thugs target Jewish fans

Chase Martin /
Deseret News: Antisemitic attacks on soccer fans in Amsterdam condemned by Israeli and Dutch governments

Ty Roush /
Forbes: Bill Ackman Wants Firm's Listing On Amsterdam Stock Exchange Dropped After Antisemitic Attacks

The Wrap:

Slate says its magazine daily subscription sign-up rate was up 7x on a normal Wednesday day on November 6, after a 4x spike on the November 5 election day— “We deeply appreciate the support of our Slate Plus members who believe in the power of journalism,” editor-in-chief Hillary Frey says

Discussion:
@hilella, @benmullin and Slate

Discussion:

Hillary Frey /
@hilella: I am the editor in chief of @slate. We are not owned by a billionaire; we rely on our readers and listeners to support our work. Every single subscription counts. Please read/listen & join @slate plus. I ❤️this place and promise our work is worth it, now more than ever.

Ben Mullin /
@benmullin: Some news: I'm told Slate got *four times* more subs than an average day yesterday and today is pacing significantly ahead of that.

Press Gazette:

Daily Mail EIC Ted Verity says Mail+ has hit 100K paying subscribers, after launching the partial paywall in January 2024, and plans a US Mail+ launch in 2025— Mail Online has hit 100,000 paying subscribers to its partial paywall in less than ten months.

TechCrunch:

The Senate has a few weeks left to pass the PRESS Act, a federal “shield” bill for reporters that the House passed with unanimous, bipartisan support in January— Folks in America: Your senators only have a few weeks left to pass the PRESS Act, a federal “shield” …

Discussion:
@zackwhittaker@mastodon.social and The Verge

Discussion:

Zack Whittaker /
@zackwhittaker@mastodon.social: With weeks to go before the bill expires at the end of Congress, this is the last chance for U.S. senators to vote on the PRESS Act, a bipartisan federal “shield” law that protects journalists from giving up their sources, and more. …

Variety:

AMC Networks acquires full control of BBC America, after BBC Studios sold its remaining 50.1% interest in the channel to AMC Networks for $42M in cash— The U.S. media company has owned a 49.9% stake in the channel since 2014, which it purchased for $200 million in a deal with BBC Worldwide.

Discussion:
NewscastStudio, The Desk, @variety, @charterhousesq, Editor and Publisher, Cord Cutters News, TVNewsCheck, Deadline, The Wrap and WORLD SCREEN

Discussion:

Michael P. Hill /
NewscastStudio: BBC America becomes 100% U.S. owned @variety: AMC Networks has acquired full control in BBC America for $42 million. The U.S. media company has owned a 49.1% stake in the BBC Studios company since 2014, which it purchased at the time for $200 million. https://variety.com/... @charterhousesq: #AMC Networks ‘acquires full control of #BBC_America’ for $42 million https://variety.com/... see excerpt below 🤔 That should help BBC coffers - hope they get a good exchange rate when funds come back to #BBCstudios in the UK 😉 or does the money stay off-shore 🏝️ [image]

Mansha Daswani /
WORLD SCREEN: AMC Networks Takes Full Control Of BBC America

RELATED:

The Wrap:
AMC Networks report Q3 revenue down 5.9% YoY to $599.6M, operating income down 22% YoY to $93.7M, 11.8M streaming subscribers, $316M in subscription revenue

Discussion:
The Desk, Deadline, The Hollywood Reporter, Media Play News, The Streamable, Variety, AMC Networks Inc. and Benzinga

Discussion:

Jill Goldsmith /
Deadline: AMC Networks Beats Q3 Forecasts With Help From Netflix, Stock Pops

Georg Szalai /
The Hollywood Reporter: AMC Networks U.S. Ad Revenue Drops 10 Percent, Streaming Subs Rise to 11.8M

Erik Gruenwedel /
Media Play News: AMC Networks Adds 700,000 Quarterly Streaming Subs to Tally 11.3 Million

David Satin /
The Streamable: AMC Networks See Continued Revenue Declines, But Streamers Add Customers

Jennifer Maas /
Variety: AMC Networks U.S. Ad Sales Fall 10% in Q3 as Streaming Subscribers Tick Up by 200,000 to Reach 11.8 Million

Deadline:
Paramount reports Q3 revenue down 6% YoY to $6.7B, operating income down 43% to $337M, DTC revenue up 10% to $1.9B, $49M DTC adjusted OIBDA, 72M Paramount+ subs

Discussion:

Lucas Shaw /
@lucas_shaw: The good news for legacy media companies: Their streaming services are growing and now profitable. The bad news: They are still shrinking because streaming isn't offsetting the rapid decline of cable. https://www.bloomberg.com/...

Daniel Frankel /
StreamTV Insider: Paramount DTC revenue spikes 10% in Q3, adds 3.5M subs

Janet Stilson /
TVNewsCheck: Political And DTC Lead The Way For Paramount

Victoria McNally /
AdExchanger: Paramount's CTV Wing Achieves Its Second Quarter Of Profitability In A Row

Luke Bouma /
Cord Cutters News: Paramount+ Adds 3.5 Million Subscribers, But Overall Revenue Declines in Q3

David Satin /
The Streamable: Paramount+ Adds 3.5 Million Streaming Subscribers in Q3 2024 to Hit 72 Million

Erik Gruenwedel /
Media Play News: Paramount+ Added 3.5 Million Q3 Subscribers to Reach 72 Million Worldwide

Hannah Miller /
Bloomberg: Paramount Disappointing Sales Overshadow Streaming Gains

Reuters:

CNN must face Project Veritas' defamation lawsuit after a federal appeals court finds that Project Veritas plausibly alleged that CNN acted with actual malice— A U.S. federal appeals court on Thursday revived a defamation lawsuit accusing CNN of defaming Project Veritas in its explanation …

Discussion:
Newsbusters, Bloomberg Law, Courthouse News Service, American Thinker and TVNewsCheck

Discussion:

Nicholas Fondacaro /
Newsbusters: Federal Court Backs 2nd CNN Defamation Case, Calls Out Aversion to Truth

Bernie Pazanowski /
Bloomberg Law: Project Veritas' Defamation Suit Against CNN Revived on Appeal

Kayla Goggin /
Courthouse News Service: Project Veritas defamation suit against CNN gets new life at 11th Circuit

Peter Barry Chowka /
American Thinker: Failing cable news channel CNN likely to go to trial for libeling Project Veritas

Talking Biz News:

Memo: Business Insider founder Henry Blodget says he is leaving BI's board, will remain an adviser and contribute occasional columns, and plans to write a novel— Business Insider founder Henry Blodget sent out the following on Friday: — Team, — Seventeen years ago …

Discussion:
@thestalwart, @penenberg, @hblodget, The Wrap, @samro, @jfberke, @walthickey and @benmullin

Discussion:

Joe Weisenthal /
@thestalwart: Incredible. 17 years is multiple lifetimes in the world of digital media. I can't think of anyone who's had a more enduring, and influential success than @hblodget

Adam L. Penenberg /
@penenberg: @hblodget Congratulations, Henry. I watched from about 20 blocks away as you built your company from the ground up. Your first intern @jyarow was my student at NYU. You should be proud that you built an enduring media brand at a time so many others failed.

Henry Blodget /
@hblodget: Hello! Yesterday, I sent the note below to the team at Business Insider thanking them for their incredible work and colleague-ship over the years. Of course, many of the people who built BI — staff, audience, clients, investors, mentors— are elsewhere. So thank you all, too!

Bruce Haring /
The Wrap: Founder Henry Blodget Set to Leave Business Insider's Board

Sam Ro /
@samro: #JOLTS Epic run. @hblodget paved the way for a lot of careers. BI diaspora everywhere

Jeremy Berke /
@jfberke: End of an era. Congrats on a great run @hblodget.

Walter Hickey /
@walthickey: Henry Blodget has the single most impressive coaching tree in business media right now. Great guy, good for him, on to the next one.

The Hollywood Reporter:

Under Trump, media executives and M&A advisers predict fewer deal constraints, more encroachment by Big Tech onto Hollywood, and more broadcast TV consolidation— A palpable buzz has taken hold of corporate boardrooms that another four years of the Republican will free up dealmaking.

Discussion:
Cord Cutters News, The Hollywood Reporter, World of Reel, TVNewsCheck, New York Post, Axios, Fortune, Bloomberg, Techdirt

Discussion:

Luke Bouma /
Cord Cutters News: Warner Bros. Discovery Wants Max to Merger With Other Streaming Services

Georg Szalai /
The Hollywood Reporter: David Zaslav: Trump May Bring “Opportunity for Consolidation” That's “Positive” for Business

Jordan Ruimy /
World of Reel: David Zaslav Says Trump Presidency Could Be “Real Positive” For Consolidation

Ariel Zilber /
New York Post: Wall Street giddy as Trump White House expected to OK fresh wave of mergers and acquisitions

Paolo Confino /
Fortune: Wall Street is foaming at the mouth with all the possible mergers and acquisitions that may now go through with Trump as president

Chris Hughes /
Bloomberg: Banking on a Trumpian Deal Bonanza? Not So Fast.

CNN:

Experts on authoritarian leadership in Europe say Trump could do extensive damage to US press freedom, similar to Orbán in Hungary, Putin in Russia, and more— New York CNN — — President-elect Donald Trump has vowed to go after much of the media in his second term …

Discussion:

Julianne McShane /
Mother Jones: Press Freedom Groups Warn of the Threat Posed By Trump

Marina Walker /
@marinawalkerg: As the U.S. election results sink in, I have been thinking about my colleagues in places like India, Venezuela, Hungary, Philippines, who have a thing or two to teach us about how to produce world-changing journalism amid insults, persecution, harassment, and worse. 👇

Marina Walker /
@marinawalkerg: It's hard to predict exactly how much press freedom will deteriorate in the U.S. in a second Trump presidency, but the fact that we are even contemplating and bracing ourselves for such a scenario shows how profoundly abnormal and dangerous this moment is.

Brian Doherty /
@bdoh: Looks like years of this hysteria. The country elected a Republican President, not the CCP. [image]

Niv Calderon /
@nivcalderon: Just as it is now in Israel

Kim Andrew Elliott /
@kaedotcom: “... attacking journalists, discrediting their reporting, applying pressure on media owners to induce self-censorship, launching legal challenges, and leveraging wealthy allies to buy up media outlets to turn them into government mouthpieces.”

Ashis Basu /
@basuashis: “Governments around the world controlled by authoritarians and strongmen, including Russia, Hungary, India, and until recently, Poland, have moved to muzzle the free press and crush dissent” said @smoshavi

Hadas Gold /
@hadas_gold: How did authoritarian leaders in other countries weaken the free press? It wasn't big moments - it was “Death by a thousand cuts” — small, bureaucratic steps https://www.cnn.com/...

Jenn Wong /
@jennwong.bsky.social: No shit [embedded post]

Nilay Patel /
@reckless1280@threads.net: Oh good we're sending the CIA after the media, love to be a free speech absolutist

Sharon Moshavi /
International Center for Journalists: A World Where Facts Matter: Reflections on the 2024 Elections

Jon Passantino /