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Max Tani / Semafor: Sources: Condé Nast fired four staffers who were among a group of over a dozen that confronted its HR head over the Teen Vogue closure and other recent cuts -
Jeff Horwitz / Reuters: Docs: Meta projected in December 2024 that 10.1% of its 2024 revenue, or $16B, came from ads for scams and banned goods, including ~$7B from “higher risk” ads -
Craig Silverman / Wired: A look at CollectiveMetrics.org, a new nonprofit founded by two ex-Meta ad executives that aims to bring more transparency to digital advertising to fight scams -
Christopher Palmeri / Bloomberg: Disney and Penn Entertainment agree to end ESPN Bet on December 1, after failing to capture significant market share; they signed a 10-year, $2B deal in 2023 -
Sky News: Investigation: X amplifies right-wing and extreme political content in the UK, as Elon Musk endorses fringe politicians and encourages nationalist sentiment -
New! Reuters: Sources: Comcast has hired Goldman Sachs and Morgan Stanley to evaluate a prospective offer for Warner Bros. Discovery's studio and streaming businesses -
Alex Weprin / The Hollywood Reporter: WBD reports Q3 revenue down 6% YoY to $9B, a $148M net loss, $1.2B in debt repayment, streaming subscribers up 16% YoY to 128M, and $2.63B in streaming revenue -
Matthew Keys / TheDesk.net: A survey of 3,000 people in six countries: streaming viewers average 14 minutes looking for content to watch; 45% say the market is oversaturated with streamers -
Juby Babu / Reuters: News Corp reports Q1 revenue up 2% YoY to $2.14B, above $2.1B est., Dow Jones revenue up 6% to $586M, and News Media with “strong improvement in profitability” -
Suzanne Vranica / Wall Street Journal: Madison & Wall: US ad spending is expected to grow 8.5% this year to $435.22B and Meta, Google, and Amazon are projected to account for 56% of the US ad market -
C.J. Robinson / Columbia Journalism Review: Tow Center identifies eight X bot accounts that use X's AI Note Writer API to write between 5% to 10% of the Community Notes visible to the public each day -
Richard Rushfield / The Ankler: Analysis: in 2025, only 17% of North America's top 100 highest-grossing films were directed by non-white filmmakers, down from 27% in 2021 and 24% in 2023