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1:45 PM ET, October 28, 2019

Mediagazer

 Top News: 
Reeves Wiedeman / New York Magazine:
Deep dive inside Condé Nast amid years of drama, downsizing, and shakeups sheds light on Anna Wintour and others' struggle to revert falling influence and sales  —  “It's dreadful,” Anna Wintour said in early October, looking out the south-facing windows of her 25th-floor office …
RELATED:
Wall Street Journal:
AT&T reaches a truce with activist investor Elliott Management, agrees to regular share buybacks, new directors, no more major M&A, and more in three year plan  —  Elliott had challenged telecom giant's strategy; AT&T commits to regular share buybacks, plans to avoid major acquisitions
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  —  Spotify CFO Barry McCarthy is leaving the company in January.  —  Barry McCarthy, the pioneer behind a novel method to take companies public …
Discussion: New York Times
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.
 
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 More News: 
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
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
 Earlier Picks: 
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