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11:10 AM ET, October 28, 2019

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 Top News: 
Dade Hayes / Deadline:
AT&T CEO Randall Stephenson says the company forecasts that HBO Max will reach 50M US subscribers in its first five years after launching next spring  —  HBO Max will reach 50 million U.S. subscribers in its first five years after launching next spring, according to a forecast issued Monday …
Discussion: CNBC, Business Insider and Variety
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Cynthia Littleton / Variety:
AT&T says it will sell its majority stake in Central European Media Enterprises to Czech investment firm PPF Group for $1.1B in cash, shedding $575M in debt  —  AT&T has struck a deal to sell its majority stake in Central European Media Enterprises for $1.1 billion as part …
Justine Coleman / The Hill:
WaPo drew backlash for its digital headline on an obit of ISIS's Abu Bakr al-Baghdadi, calling him an “austere religious scholar”; the headline has been changed  —  The Washington Post changed the headline on its obituary for ISIS leader Abu Bakr al-Baghdadi after initially calling him an …
Theodore Schleifer / Vox:
Spotify says its CFO Barry McCarthy, who pioneered the direct listing model for IPOs, is leaving in January and will rejoin Spotify's board  —  Barry McCarthy at a conference for other dealmakers.  Photo by Drew Angerer/Getty Images  —  Spotify's CFO Barry McCarthy is leaving the company in January.
RELATED:
Spotify:
Spotify Q3: paid subs rose 31% YoY to 113M; MAUs grew 30% YoY to 248M; revenue up 28% YoY to €1.73B; net income of €241M, up from €43M in Q3 '18; stock up 16%+  —  NEW YORK—(BUSINESS WIRE)— Spotify Technology S.A. (NYSE:SPOT) today reported financial results for the third fiscal quarter …
Darrell Etherington / TechCrunch:
Nvidia unveils new $149 Shield TV and $199 Shield TV Pro with a faster Tegra X1+ processor, AI-based 4K upscaling, Dolby Vision HDR, and Dolby Atmos support  —  NVIDIA has a new family of Android TV-based streaming devices, as tipped early via a couple of leaks from online stores.
Ben Lindbergh / The Ringer:
With WaPo's new vertical Launcher, mainstream coverage of video games may finally overcome the “generational myopia” that excluded gaming from culture sections  —  With its new vertical Launcher, The Washington Post is the latest big outlet to dedicate resources to covering video games in a comprehensive manner.
Nieman Lab:
Reuters Institute: how Rappler, Daily Maverick, and The Quint are retreating from engaging audiences at-scale via social media to build stronger communities  —  Dramatic shifts in the media landscape over the past two decades — including the advent of social media, the rise of participatory audiences …
Fred Nicolaus / Business of Home:
Profile of Food52, a media and ecommerce platform majority-owned by The Chernin Group that began as a recipe blog and now sells a wide range of home products  —  Summer is wedding season, but summer's over.  This autumn, it's media companies that are getting married.
Paul Farhi / Washington Post:
Trump's South Lawn press gaggles, of which there have been 75, allow him to grab the spotlight while marginalizing the press  —  A great racket rises, like a symphony of a thousand hedge trimmers, from the South Lawn of the White House.  A shambling pack of men and women …
Deanna Ting / Digiday:
In Q3, Snapchat says total daily time spent on Discover increased by 40% YoY and 100+ Discover channels saw a monthly audience of more than 10M viewers  —  What was once a money pit for some publishers is now becoming more of a gold mine.  —  Snapchat Discover has become a profitable venture …
Charlotte Tobitt / Press Gazette:
RAJAR: podcasts now reach 8.4M listeners in the UK, up from 6M in 2018, with 7.4M people listening to the BBC online or through apps  —  LBC's audience has grown by almost 500,000 people in the past year to reach 2.6m, the highest weekly reach in the station's 46-year history.
 
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