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Trump says US will do business with Ukraine, Russia after war ends
US president says he would like to ‘get back to life where Russia and Ukraine make a deal’ | Anadolu
Four injured after car crashes into Hendersonville business, officers say
Four people were taken to a hospital after a car crashed into a business Saturday morning, police said.
Cracking a smile regularly may be good not just for your mood but for your health
Reminding yourself to smile more often can make you more friends, boost your mood and make you feel better, research says.
Vinny Guadagnino Says ‘Jersey Shore' 'Triggered' His Mental Health Issues
The reality television star recounted the repetitive drinking and partying on 'Jersey Shore' as being "grueling."
Barack Obama to rally for Abdul El-Sayed in Michigan ahead of key US Senate race
The former Democratic president is showing major support in Detroit for the progressive Michigan candidate in final days before US midterm elections
Netflix’s Leadership Shake Up…Explained
(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) Well, I had a simple article planned for this week. Called “Whoa, I Missed It!”, I’d take a gander at a few important-but-under-the-radar stories I didn’t cover while I wrote about all things “Skydance. (Formerly known as “the saga of Netflix trying to buy Warner Bros., but not Discovery, then Paramount-Skydance bought all of Warner Bros. Discovery”.) Alas, that article will have to wait. Netflix made news. Ironically, my “Whoa, I Missed It!” article would have mostly been about “content” strategy decisions, which is also what today’s article is about. But instead of the entire industry, this article will only cover Netflix’s decision to upend their film and TV content teams. Just that! So that’s the full topic of the day. I’m going to tackle the issue in the opposite direction of the way “stuff” flows: uphill. We’ll start at film, then move onto TV, and then onto the CEOs themselves, and the strategy questions that still remain. But we start with the numbers driving this. Let’s dive in. Subscribe Most Important Story of the Week - Netflix Upends Their Corporate Hierarchy I’ve got a lot of thoughts, but we’ll start with the most common response to yesterday’s article. Let’s Talk Stock Price More than one person, responding to what I published two days ago, pointed out that, well, actually, the thing driving Netflix’s actions is this: In short, stock price! Even if Netflix isn’t obsessed with their own share price—they probably are, but, for the record, my strategic advice to every CEO is to absolutely ignore stock prices, which will, ironically, probably help the stock price long-term—most everyone thinks they are. By the way, I prefer market capitalization to stock prices, because it’s a more apples-to-apples way to compare companies: But there’s an even better way to look at it, and it kinda casts some doubt on the entire push here: price-to-earnings. I have a long list of articles that I wish I had written, and chief among them is an article titled, “Am I Still a Netflix ‘Bear’?” meaning someone who thinks Netflix’s stock is overvalued. As of last summer, Netflix had solved their biggest problem—which for me (circa 2019) was the lack of free cash flow—but their stock was CRAZY overvalued. That’s this chart here: Why did Netflix’s stock price increase to a price-to-earnings ratio of 50 last summer? What financial metric changed so quickly? Nothing. Given that, historically, mature entertainment companies average 10 to 20, with 16 being the average, that increase made little sense. Netflix’s stock swoon these last eight or so months wasn’t irrational; the stock price rise last year was. So if you want a really hot Netflix take, here it is: Netflix’s stock price has been going down because the financial industry recovered its senses, not because of any strategic mistake. Yes, that would imply that cleaning house may have been a mistake. That’s why the charts yesterday are so important, because they show that Netflix did have a strategic problem (a lack of hits) and that’s what they moved to address. (One could also argue the industry drastically overrated Netflix’s growth prospects, but that’s a financial industry problem, not a Netflix strategy problem per se. Some growth estimates are just crazy. *cough* AI *cough*) Now, the last time Netflix’s stock price crashed—circa 2022—it gave them an opening. I’d argue Netflix insiders knew they needed to expand post-COVID-19 crisis, adding advertising, cracking down on password sharing, and dabbling in sports. But if they had done that when their stock price was high, it would give folks a reason to second guess their strategy. (Arguably, last year, when Netflix pursued the Warner Bros. merger, it gave the industry a chance to review their business.) Instead, after the 2022 fall, they had the opening to make strategic changes. We may see Netflix pivot again following this latest slide. For example, the “binge versus weekly” conversation is alive and well again. Same for expanding into theaters even more. And adding both linear channels and streaming bundles. And maybe more either social, user-generated, vertical, or creator content. But the first shift came with who is making the content calls. A Message from Our Sponsor Last winter Pulp Fiction was on Netflix. For those same 90 days, it was also free, with ads, on Pluto TV and the Roku Channel. That is not a glitch, and it is not rare. The title has run on 20 different US streaming services since 2019, across 80 separate windows, and for more than 600 of those days it sat on a paid subscription service and a free ad-supported one at the same time. Almost nobody can see this, because when a title leaves a service, the record that it was ever there tends to leave with it. Reelgood keeps that record, dated to the day rather than the month: 4MM+ movie, show and episode titles across 300+ services globally, with timestamped arrivals, departures and moves across SVOD, AVOD, TVOD and vMVPD. Licensing teams price against every prior window. Rights teams check what a licensee actually delivered, and when. Pick a title you think you know: data.reelgood.com/title-availability Film - Dan Lin Want to know why I don’t opine on individual film or TV executives, especially new hires? Dan Lin. As I always caution, it’s really, really, really tough to predict which executives will succeed in new roles and which won’t. The successful head of co-production/finance partner, Rideback, Lin was considered for the head of DC Studios job before taking the job as the head of Netflix. By all accounts at the time, this was a smart hire. (That’s my read of the news coverage anyways.) But now that Netflix has fired Dan Lin, we got a slew of news stories about how he was doing a terrible job. In sports media, Bryan Curtis, new Substack writer/podcaster from The Ringer, calls this the “now you tell us” story, when you only hear the bad news after a star athlete leaves a sports team. In this case, now they tell us that Dan Lin was bad with talent after he got kicked out the door. So was Dan Lin a flop? It’s actually tough to say. While film moves faster than TV, even two years isn’t really enough time to evaluate a person’s output. The new head hasn’t really taken control. As Emily Horgan noted, it takes much longer than two years to produce animated films, so yeah, it’s definitely too early to judge in that domain. As for live-action films, I just published an article by Brandon Katz called “Netflix’s Summer of Bummer”, but I’d point out Netflix had a bad summer two years ago too. Arguably, their best summer came from KPop Demon Hunters last year and Happy Gilmore 2, the latter of which I saw credited to Lin. Then, the stories came out that Dan Lin clashed with talent, both Ben Affleck and Greta Gerwig, classic “now they tell us” factoids to explain his firing. This may have been true, but also should have been expected given that he was given the mandate to bring budgets back in check, especially after Rebel Moon. So if he made folks upset, well, that’s what he was hired to do! But also, he was described as “well-liked” at his hiring! In that case, I’m a bit sympathetic to Lin, since he may have been undercut by senior leadership, as often happens. Basically, a CEO hires a subordinate to be their “bad cop” and keep budgets in check, but then when talent complains, the CEO ends up undercutting them. That’s how I think you end up with a Narnia movie as expensive as any of the other flops, along with a film executive the town no longer likes. As a result, I think that Netflix is now executing a classic “hire the opposite” move by hiring Peter Rice. This phrase comes from my experience following football and basketball coaching decisions, where teams generally hire the opposite of who they just had. If you have an offense-minded head coach, hire the defensive guy. Or in college football, if you have a strong recruiter, then you pivot to an “X’s and Os” type of guy. Or in pro basketball, if you have a very analytically minded coach, you hire the player-friendly guy. I see that here. After dropping Scott Stuber—arguably a talent-friendly executive with lax budget control—Netflix hired the business guy to keep costs in check. Now Netflix is pivoting back to Peter Rice and presumably a more talent-friendly regime. (Disney, by the way, has done this twice: hiring business guys to succeed talent-friendly Bob Iger. It didn’t work out last time.) When it comes to Peter Rice…we’ll see! Maybe he works out, but maybe he doesn’t. I’d actually say the biggest problem is that Netflix still hasn’t solved its “IP Problem”, in that they don’t own much IP, so they just have a lower hit rate. The new executive won’t solve that. (Though buying Lionsgate would help.) Share “Content” - Bela Bajaria I almost published yesterday’s article after this column, but ended up flipping the order, because it told the story so well. So if you want the data for why Netflix is looking at TV to fix their problems, it’s in that article, this graph in particular: I know I just wrote that it’s often hard to judge executives, but Bajaria ran TV for six years and film for three and a half more. That’s more than enough to judge hit rates, and Netflix needs more hits. That’s the story. Since 2023, Netflix hasn’t had as many hit shows as it used to, and many of its previous power house TV shows have ended their runs (Stranger Things most of all). Also, many shows from 2020 to 2022 probably pre-dated Bajaria’s tenure. (That said, one thing may have been outside of Bajaria’s control, which I explain below.) Let’s lump some content strategy thoughts about Netflix and TV into one place: We’re just getting started with this issue, but the rest is for paid subscribers of the Entertainment Strategy Guy, so if you’d like to find out… Why I partially blame Squid Game for Netflix’s latest troubles… What is “the football trap”... Why it might not be the TV shows or films’ fault at all… What change I don’t think Netflix will make... How Bela Bajaria evolved Netflix’s TV strategy in smart ways… Whose departure likely submarined Bajaria’s final few years… One sneaky explanation for Netflix’s content struggles... And a whole lot more... ...please subscribe! We can only keep doing this great work with your support.
Peter Thiel says Apple has done 'nothing new' post Steve Jobs
The billionaire venture capitalist said eccentric CEOs like Elon Musk "are way better for society" than Apple Chairman Tim Cook.
Cottage Health nurses announce unionization campaign, expect vote on representation by end of the year - Santa Barbara News-Press
Cottage is a healthy workplace and a desirable place to work, administrators say, citing pay increases and hiring and retention trends.
Honeywell Technologies CEO Says Business Is Growing Faster Than Expected
Honeywell International Inc. stock traded lower in premarket trading Thursday after the company reported mixed third-quarter results, with adjusted earnings beating Wall Street expectations while revenue fell short of estimates. Earnings Beat Estimates, Revenue Falls Short The company, which uses...
New York state woman charged with voting illegally says she recently learned she wasn’t a citizen
Marva Cook was adopted as a toddler and had always assumed she was a U.S. citizen, she told Homeland Security investigators earlier this month, according to the criminal complaint.
Final Screen Tests for Next James Bond Under Way in London
Screen tests for the next James Bond have begun in London. Jack Lowden and Callum Turner lead the field, while Amazon MGM Studios says…
IDF, Defense Ministry struggle with amount of reservists seeking mental health care, experts say
The IDF Spokesperson's Unit said the military places the utmost importance on providing mental health care and has expanded the capacity and quality of its services since the war's beginning.
Zelenskyy says Starlink is working again in Ukraine
Zelenskyy's comments came after a chaotic 10-day period when connection speeds for Starlink were throttled in Ukraine.
Jenna Ortega says Disney Channel media training ruined her sense of boundaries: ‘No pressure!’
Ortega starred on “Stuck in the Middle” from 2016 to 2018.
Ukraine regains critical Starlink service after restrictions disrupt drone operations
Ukraine says Starlink connections are again stable on fast-moving military equipment after restrictions hindered operations against Russia.
Jenny McCarthy says Derek Hough told her ‘there’s no hope’ for her on ‘DWTS’
Jenny McCarthy remembers ‘Dancing With the Stars’ judge Derek Hough saying ‘there’s no hope’ for her on the dance floor.
“Wicker” stars have a theory on why women are ‘slightly feral’ over Alexander Skarsgård’s character
Skarsgård’s sexy basket is “the whole package,” costar Olivia Colman says.
Does mouth taping actually work? What the science says about this viral sleep trend
Mouth tape is trending for snoring, but research suggests limited benefits and potentially serious risks for people with breathing problems.
Missouri Doesn't Need More Marijuana Business Licenses, State Study Says, But Questions Remain About Ownership Concentration
“Ownership-based analyses would provide a more comprehensive assessment of market structure by evaluating concentration across common ownership groups.” By Rebecca Rivas, Missouri Independent Missouri regulators say the state doesn’t need to issue more licenses to grow, manufacture or sell marijuana because the legal cannabis market is meeting consumer demand. But the statewide study behind that conclusion couldn’t […]
Epstein files take back seat in midterms but experts say issue has not gone away
Other voter concerns have prevailed but return of Congress likely to see renewed focus on late sex offender’s activities
C.E.O.s Say the A.I. Rollout Is Going Well. Employees Feel Differently.
Surveys show workers and executives have different views on A.I.
Tech guru Paul Wick says 'doom and gloom' over AI is overblown
Paul Wick of Seligman Investments said the tech industry seems "healthier" today than during the Internet bubble, but flagged some trends to watch.
Palantir cofounder says wife nicknamed AI agent after tradwife
Joe Lonsdale asked the "tradbot" to help his two-year-old break up with his binky: "It's telling me when to and when not to give it to him."
Leclerc tops both Austin practices but warns Verstappen and Antonelli have more in hand
Charles Leclerc was fastest in both Friday practice sessions at the United States Grand Prix, but he does not think he goes into qualifying as the favourite. The Ferrari driver believes Max Verstappen and Kimi Antonelli have more pace to come, and he says his team's Austin upgrade is smaller than people expected.
Can millions of people live on the moon? These scientists say yes — but not for very long
Billionaires like Elon Musk and Jeff Bezos are claiming that we can expect big cities with millions of people on the moon, but a new study found that that may not be possible, so don’t start packing just yet.
'They knew she was ill - days later she killed her three kids'
A friend of Yasmeen Ali says health professionals were warned about the mother-of-three's mental health.
Winter or summer time: What’s best for your health?
Permanent standard time would be better for health, experts say, while once again we are to change our clocks over the weekend.
Winter or summer time: What’s best for your health?
Permanent standard time would be better for health, experts say, while once again we are to change our clocks over the weekend.
Iran in ‘Advanced Stages’ of Planning Attacks Against Americans, Officials Say
The U.S. government has ordered diplomats and other federal employees to leave Saudi Arabia. It is also drawing down staff at other missions in the region.
Boston 25 News
Road closures, blocked parking lots and construction equipment have made it difficult for customers to get around downtown and, business owners say, even harder to get people through their doors.
Asheville drag queen says attack ad that falsely links her to Jamie Ager was made with AI
An Asheville-area drag queen is speaking out after being featured in a political attack ad targeting Democratic Congressional candidate Jamie Ager.
A new study named Colorado Springs the top city for small business out of 100 metro areas ranked
BlueVine ranked 100 U.S. cities for small business momentum — and Colorado Springs came out on top. Here's what local owners say about the No. 1 title.
Second raccoon tests positive for rabies in Los Angeles County, health officials say
Weeks after a raccoon tested positive for rabies in Los Angeles County for the first time since 1979, a second raccoon has tested positive for the deadly viral disease. The Los Angeles County Depar…
Daytona Beach businesses say $20 parking fee is driving customers away
A county spokesperson said staff have been directed to explore potential options.
CSUB business enrollment jumps nearly 25% as college builds pathways to Kern County careers
CSUB's College of Business and Public Administration says enrollment has grown nearly 25% in three years as the college expands community outreach, regional programs and connections with local employers.
Oregon’s famous Carver Cafe, featured in 'Twilight' movie series, listed for sale
Carver Cafe, known for its appearance in “Twilight,” is for sale as its owner prepares to retire, but the business says it remains open.
Nathan Lane details Robin Williams being star-struck by Clint Eastwood on the set of “The Birdcage”
“Robin says, ‘Clint Eastwood is here. Let’s go look at him!’” he recalled.
ADHD effects women differently than men, says UW Health
In recent studies, symptoms of ADHD in women are often overlooked altogether or misinterpreted as a different condition.
Rollins says USDA is 'full-bore ahead' on Forest Service reorganization
The Trump administration wants to move Forest Service headquarters from Washington to Salt Lake City, shutter 23 research stations, and close many regional offices and replace them with state offices.
Chelsea Handler says Reese Witherspoon and son Deacon Phillippe ‘look like a couple’ in birthday photo
“I love you so much, so lucky to be your mom,” Witherspoon wrote in her caption.
Sonoma County health center leaders say Prop. 44 would cripple their operation and lead to service cuts
The state initiative would require at least 90% of a health center’s total revenue be spent on healthcare services, leaving only 10% of revenues for other costs, including administrative operations — and that strict threshold is where…
State House Dome: House GOP says kids mental health deal rea...
House GOP leaders say Anthem and NFI North reached an agreement to preserve mental health coverage for children, resolving a dispute that had stalled Gov. Kelly...
Seeking to help Collins in Maine, Trump exempts some Canadian imports from his 50% tariffs
Collins, locked in a tight race with Democratic challenger Troy Jackson, issued a statement saying she'd spoken with Trump's top trade negotiator, Jamieson Greer, and Commerce Secretary Howard Lutnick "about the toll tariffs are taking on Maine families, businesses, farmers, and growers.''
Does Proposal 2 really get money out of politics? One researcher says ‘not really’
Mid-Michigan's source for breaking news, weather and sports
ACLU of Indiana pauses new director’s start date, launches external review
After expressing his worry that incoming Executive Director Nikkita Oliver would fundamentally change how the ACLU of Indiana chooses cases, the organization's former director of philanthropy says he was fired
The Violent Cost of Being a Woman in Politics Spans Continents
Weekend Reading on Women’s Representation is a compilation of stories about women’s representation in politics, on boards, in sports and entertainment, in judicial offices and in the private sector in the U.S. and around the world ... with a little gardening and goodwill mixed in for refreshment. This week: —There is not (yet) the political will in the U.S. to talk about gender quotas ... but 35 nations in Europe have either been mandated or volunteered to implement them. —Weeks after the brutal rape of Arizona congressional candidate Bernadette Greene-Placentia, Australian independent member of Parliament Helen Haines is in hospital in a critical condition after she was struck by a car outside her office in what Prime Minister Anthony Albanese said appears to have been "a deliberate act." —"Politicians are no longer treated like we’re human,” says Arizona state legislator Alma Hernandez, who is facing rising harassment and threats. —Federal agents searched the Washington-area home of Rep. Ilhan Omar, a frequent critic of Republican President Donald Trump. —If elected governor of Georgia, Keisha Lance Bottoms would become the first Black woman governor in U.S. history. ... and more.
Drake University students say civility comes from open-minded conversations
Drake University students involved with political student organizations discussed political civility on a panel Friday.
CIDRAP Director Michael Osterholm recognized for defending vaccine science
But the University of Minnesota epidemiologist says the recognition belongs to a much larger group.
Does Rosemary Oil Really Help Hair Grow? Here’s What the Science Says
TikTok swears by it for thicker, fuller hair. But can this viral beauty hack actually deliver results?
Business Park Helps Drive Jobs and Growth for New Albany and the Region
You could say the New Albany International Business Park is Central Ohio's field of dreams: If you build it, industry will come.
Updated Google privacy policy says your Gmail might be used for advertising
Turning on Personal Intelligence gives the company more data for ad targeting.
Focus groups: Their candidates lost in the Michigan and Texas primaries. Now what?
Senate candidates Abdul El-Sayed in Michigan and Ken Paxton in Texas are looking to convince backers of their primary opponents to support their campaigns.
‘Taken far too soon:’ Family remembers Hunter Russey after police say business owner hits, kills teen in West Melbourne
Independent Rick Bennett pushes common-ground politics in Maine governor bid
He says voters are tired of toxicity and dark money in the other races.
Former USAID Health Chief Says Aid Cuts Are Costing Children's Lives
At IDWeek 2026, Atul Gawande, MD, MPH, said USAID cuts are costing lives but that the field is "not back at square one."
Lions Pass Rush Must Make Jordan Love Uncomfortable Sunday
A Lions insider says Green Bay hunts big plays more than anyone, and Detroit's answer starts up front. #OnePride
DOJ Charges Sham SUD Network in $1.6B Fraud Scheme
U.S. Department of Justice officials in the Central District of California have charged a father-son duo in what officials say is the largest substance
Hila and Ethan Klein have made content together since 2011. Now she says he cheated for months.
Hila Klein, who started a YouTube channel with her husband in 2011 that now has 5.4 million subscribers, posted a lengthy statement on Instagram about the alleged affair.
Selma Blair’s former “DWTS” partner Sasha Farber says she’s ‘doing great’ after arrest
“We are family. She is literally my family,” he said.
Senator says planned Meta commercial terms update could harm US businesses
WASHINGTON, Oct 23 (Reuters) - US Senator Marsha Blackburn, a Tennessee Republican, on Friday raised concerns about Facebook parent Meta Platforms' plan to update its commercial terms, saying it coul...
E. coli cases possibly linked to Bengtson's Pumpkin Farm, Will County health officials say
Five cases of E. coli are possibly linked to visits to Bengtson's Pumpkin Farm in Homer Glen, the Will County Health Department said.
Arkane Devs Say Blade Is Nearly Finished But If It Can't Find A Buyer Soon, The Studio Will Close
Union reps say it'd be a 'monumental waste' for Blade to remain unfinished
Under U.S. Watch, Venezuela Grapples With Tensions Over Democracy
President Trump says Venezuela is not ready for elections, and he focuses instead on its oil. But Secretary of State Marco Rubio is nudging talks between opposing politicians.
Ethan Klein says “H3 Podcast” is on ‘indefinite hiatus’ amid allegations he cheated on wife Hila Klein
The “H3 Podcast” crew denounced Ethan and shared they would no longer be working with him.
In the 2026 midterms, here’s how NC politicians do — or don’t
Hurricane Helene and the economic troubles it left behind influence what politicians say on the campaign trail.
Politics Friday: Will the election loosen a historically knotted Minnesota Legislature?
Friday at noon, four Minnesota legislative leaders discuss the 2026 playing field and the issues they say are motivating voters with all 201 seats on the ballot.
Now Google says it might use your Gmail and Google Photos data to target ads
According to the new terms, sharing your data for better AI recommendations also means opening it up for more personalized ads.
Hillsong Worship's Jad Gillies reflects on church's fall, God's grace as band releases new music
After years of scandal, leadership upheaval and public scrutiny that rocked one of the world s most influential megachurches, Hillsong Worship s Jad Gillies says the ministry is embracing a
Scheme alert: iPhone users may be hacked by scrolling past ad or visiting legitimate websites
The exploits are used to target iPhone users whose software has not been updated and is vulnerable to spyware. Experts say keeping the system updated is key to preventing successful attacks.
Report: Connor Hellebuyck Trade Talks Turn Serious
Elliotte Friedman says a Connor Hellebuyck trade is in the works, and it touches Detroit's goaltending. #RedWings
‘Wednesday’ star who filmed in Mass. says she’s stepping away from TV
After spending much of her life jumping from show to show, the actress says she’s ready for a change.
Fight over Golden Wok continues after founder’s death
Connie Andrews’ estate is seeking answers about her business interests, disputed property and a partnership agreement it says was altered without her knowledge.
More Tar Heels say “Yes, and” to majors
Kate Blizzard (Romance languages and environmental science) is one of many students who dive deep into two academic disciplines.
'This has no place for partisan politics' say Camp Lejeune contamination victim advocates
At a Greenville rally this week, President Donald Trump said he will order swift settlement of remaining claims only if Republicans hold Congress.
PGA Tour’s Two-Circuit Shift ‘Well Defined,’ Says Joel Dahmen
The top 20 players on the Challenger Series will be promoted.
Shigeru Miyamoto Doesn’t Know If AI Can Take Over Creativity, But Says It Could Be An 'Opportunity' To Define What It Means To Create
The legendary Nintendo developer made his comments while receiving a national award for his contributions to culture
This Zac Efron Tearjerker Just Cracked Netflix’s Top 10
A familiar romantic drama is climbing Netflix’s Top 10 more than a decade after its theatrical release. Here’s why viewers are revisiting the tearjerker, and what they’re saying about it.
Republican 'Muslim Brotherhood' attacks on El-Sayed in Michigan seek to exploit Democratic fault lines
Pollsters, political strategists say the approach is aimed at dissuading Jewish and Black voters who backed El-Sayed's primary opponent, Haley Stevens
Melania Trump says she secured a one-city ceasefire between Russia and Ukraine for humanitarian aid
First lady Melania Trump announced that she helped secure a localized ceasefire between Russia and Ukraine in the city of Oleshky to facilitate the evacuations of elderly residents.
“Jerry Maguire ”child“ ”star Jonathan Lipnicki says career comments were ‘taken out of context’: ‘It bugged me a bit’
“I’ve never felt sorry for myself,” says the “Primetime” actor.
Closely watched US House race shifts in favor of Alabama Democrat, political forecaster says
Several other organizations still rate the district in Republicans’ favor, but say it’s close to a tossup.
United Business Revenue Jumped 22% in Q3
Executives on earnings call say higher fares have not deterred demand
Joe Amabile plans to run the NYC marathon 3 months after brain surgery
The Bachelor Nation star says he “wanted to focus on something positive.”
iPhone Duo Says 'Hello' to You Personally
As expected, the iPhone Duo greets you personally if you purchase it from an Apple Store in the United States. MacRumors contributor Aaron Perris had an in-store pickup reservation for an iPhone Duo at Apple Fifth Avenue in New York today, and the device showed "Hello Aaron" when he turned it on.
Pope hope, that’s entertainment, and getting ahead in the CIA
Happy Friday friends, I want to start by just breathing for all of us a big long collective sigh of relief at the news this week that the pope’s doctors have basically blown the all clear for Leo’s health. Going from knowing nothing to him declaring to the world he needed surgery, to a cancer diagnosis, to bouncing out of the hospital in barely even days, to ringing the bell in less than two weeks is whiplash inducing. But in the best possible way. We are living in a world in which the Roman pontiff, by dint of history, biography and circumstance, is once more at the epicenter of global affairs. Not just conversations about religion, or Christian and post-Christian values, but the bleeding edge of the most pressing issues of human affairs. Think I am exaggerating a touch? Consider the images of the crowds who greeted Leo in Paris just weeks ago, and juxtapose them with the absolute photo negative scenes unfolding there recently. Ask yourself how many world leaders are talking about AI right now and directly citing the pope as they do so. Try to name a country who has had as many top-ranked diplomats in and out of both Russia and Ukraine in the last three years as the Vatican has in the last three months. It has been fascinating to watch Leo XIV emerge as not just a kind of pop culture reference point or totem to be cited (Francis was often name-checked this way) but as a kinetic force in global conversation. Given the state of things, we need global figures of gravitas and values, even better if they have real wisdom behind what they are saying. So news of Leo’s illness was, it seemed to me, a tremor with potentially Richter Scale implications. That not only has the worst not come to pass but instead we’ve had the best of outcomes announced is something to really be grateful for. Humanity, it seems to me, is entering one of its irregular but cyclical phases where the pace of change — technological, social, and geopolitical — outstrips the ability of previously settled norms and received wisdom to cope. Such periods – and I think the first decades of the last century were a similar such time – throw into question the viability of all kinds of institutions. And many of ours have been straining to breaking point for a few years now. The papacy has the power and the potential to be a steadying pole in all of this. That’s my hope, anyway. It’s a lot to freight the office with, though it is arguably its ultimate purpose from its founding, to be a steadying rock on which all that matters can be anchored. It’s also, of course, an intolerable weight of responsibility to place on a single man. But I am encouraged to have hope in – and for – Leo. The apostle whom he succeeds, after all, was famously unequal to some moments, failed some tests of faith, and resiled from taking the road which led ultimately to the circus on Vatican hill. Human frailty and limitations, of health, of character, of temper, can open us to Christ, whose strength is greatest in our weakness, so St. Paul learned. That gives me hope, and I am sure it consoles Leo, too. And so I will continue to pray for him. Because we need apostles of rock right now. Here’s the news. Subscribe The News The Dicastery for the Doctrine of the Faith issued yesterday a new document “Venite ad me: Considerations on the Transmission of the Faith in an Epochal Change.” It’s not a short document, and it is at pains to stress this isn’t a doctrinal note from the dicastery, either. Rather, it brings together reflections on an important issue from the Church around the world. Some of it I actually found really rather powerful. It is, however, 25,000, which is a lot for a busy reader to get through on a weekday. So, you can read our busy reader’s summary right here. — News broke yesterday of an Oct. 22 meeting of U.S. bishops with President Donald Trump. The meeting was organized by an official at the Heritage Foundation, according to several sources close to the meeting. Video of several U.S. bishops praying in the Oval Office over President Trump was posted on social media Thursday afternoon, first by White House Communications Advisor Margo Martin, and then by the official twitter.com account of the Archdiocese of Denver. The meeting has drawn sharp criticism because of its proximity to the upcoming midterm Congressional elections, in which Democrats are widely expected to win control of the House of Representatives, while control of the Senate remains closely contested. Sources close to the bishops’ conference told The Pillar that some USCCB senior officials were surprised by the existence of the meeting when video of it first emerged online. And a source close to conference president Archbishop Paul Coakley of Oklahoma City told The Pillar that the archbishop was “deeply frustrated” by the occasion of the meeting. An official conference spokesperson told The Pillar that the meeting was “not organized with or by the USCCB” and was “not affiliated with the conference.” You can read the whole story here. — The next National Eucharistic Congress will be held in Indianapolis in 2029, a return to the city that hosted the last gathering in 2024. You read it here first. By here, I don’t mean this newsletter, I mean at The Pillar. We broke the story this week. It’s a big deal, in as much as the last congress was a roaring success and the next installment has the potential to be a real focal point for evangelizing efforts in the coming years. Read all about it here. — As Pope Leo prepares for the longest trip of his pontificate, Church leaders in Uruguay say the pontiff will encounter a highly secularized culture, in a country with a very different Catholic history than many of its South American neighbors. The nation has not had a papal visit since 1988, and leaders who spoke with The Pillar say it has a dire need for evangelization, even amid the prospect of a small revival in faith. This is real reporting on the Church in the country, and frankly a story you simply are not going to be able to read anywhere else. Read the whole thing. — The Archdiocese of Detroit announced this week a plan that would see the vast majority of its parish priests reassigned next summer, amid a restructuring process expected to dramatically shrink the number of parishes in the archdiocese. Archbishop Edward Weisenburger said this week that the plan “asks much of our priests,” but is a “sacrifice they are making as brothers of one, unified presbyterate.” The thing is, as JD pointed out in an analysis yesterday, pastors of parishes have a legal right to stability in office, so the only way this kind of wholesale reassignment goes ahead is if all of the archdiocesan clergy agree to resign. That creates its own kind of legal issues, though, and re-raises longstanding questions about the effectiveness of canonical due process protections for priests when dealing with coercive exercises in authority. Read the whole thing here. — More than three months after the Dicastery for the Doctrine of the Faith issued its decree declaring the excommunication of the leadership of the Society of St. Pius X, questions remain about the full effects of the society’s schism. Specifically, the DDF’s July claim that marriages witnessed and confessions heard by SSPX priests are now invalid remains contested — and it emerged this week it appears that the Vatican’s own legal experts don’t agree. You can read my whole analysis of the situation and what it means here. All I would add is that the DDF’s undeveloped, some would say unsubstantiated, claim about the invalidity of some SSPX sacraments came in their July Explanatory Note on the schismatic consecrations by the society that month. It touches directly on both papal acts of governance — indeed it purports to nullify them — and the most intimate pastoral encounters possible in a parish setting. If there is one aspect of the Francis-era style of governance I would like the curia to finally cut out, root and branch, it would be these attempts to try to effect extraordinarily sensitive legislative acts via a note. — At least a dozen French bishops have spoken out following an eruption of violence on the country’s streets Oct. 17. Not surprisingly, they unanimously condemned the violence, but the length and content of their interventions varied significantly. Several sought to distinguish between the actions of rioters and what they suggested were the legitimate concerns of peaceful young protesters. Many also evoked Pope Leo XIV’s Sept. 25-28 visit to France, suggesting it offered a powerful counter-image to the scenes of looting and destruction. A number of bishops also stressed their solidarity with law enforcement officials who struggled to contain the disorder, as well as the owners of the roughly 3,000 damaged or looted businesses. What’s the background to the nationwide unrest that the French media calls “les violences du 17 octobre”? And what exactly are the bishops saying? Read all about it here. — A Polish bishop called for the firm defense of unborn children as well as compassion for their mothers this week, as the lower house of Poland’s parliament passed two bills seeking to liberalize the country’s abortion laws. The bill on decriminalizing assistance in an abortion passed by 217 votes to 213, while the abortion in cases of fetal abnormality bill passed by 233 to 203, thanks to the government’s majority in the lower house. Both bills will now move to the Polish Senate, the upper house of parliament, where the ruling coalition has a larger majority. The fetal abnormality bill is symbolically significant because if it became law, it would effectively overturn a 2020 ruling by Poland’s Constitutional Tribunal that a 1993 law permitting abortion for a severe and irreversible disability or a life-threatening incurable disease was unconstitutional. Read the whole story here. Subscribe **[The St. Paul Center App | Bible Study On-The-Go Read and understand the Bible with St. Paul Center’s new app! With today’s leading Catholic Scripture scholars as your guides, the St. Paul Center app empowers you to read the Bible](https://stpaulcenter.com/app?utm_source=pillar&utm_medium=email&utm_campaign=applaunch)** from the heart of the Church. Download the app for free at either the Apple or the Google app stores. https://stpaulcenter.com/app That’s entertainment I have written before about my deep and sincere reservations about the celebrity exorcist subculture which has taken root in American Catholicism. And, because I am very ill at ease with the entire thing, I try to keep a weather eye on the phenomenon without being drawn into the kind of online back-and-forth which these figures sometimes generate. Earlier this week, JD noted that one such celebrity exorcist type, Fr. Chad Ripperger, has undertaken, on the request of his bishop, a year’s fast from interviews and public speaking. I’m sure that will be salutary for him, if for no other reason than that receiving with docility requests from one’s rightful ecclesiastical superiors always comes with graces. Then a second thing happened this week which caught my eye. Apparently, another fixture in the celebrity exorcist world, Fr. Carlos Martins, has initiated a lawsuit against two lay men — apparently associates of Rippenger, though I am unclear in what way, exactly — for allegedly defaming him and his ministry on a podcast. It seems the suit was initiated nearly a year ago and is now pending. At issue, I read, is that the two men described Martins on a podcast as “not who he says he is” with regard to his exorcism ministry and that he “doesn’t know what he’s talking about.” These statements Martins considers to be false and defamatory and, his suit claims, “directly affected the sale and reception of [his] The Exorcist Files book that was newly released at the time these episodes aired.” I don’t want to get too into the weeds of the details here, but a couple of things struck me about all this.
There’s a Reason That Netflix’s Ad Business Has Underwhelmed
Somewhat lost in the company’s slew of firings and engagement warnings over the past few weeks was the fact that Netflix is scaling back its ad forecast for 2026 from $3 billion to $2.7 billion. That’s despite the fact that: CTV is growing by 14-15% this year This year saw a monster upfront Netflix is the biggest streamer out there this side of YouTube, and was the platform that for years brands were supposedly dying to be a part of In other words, that’s an alarming pull-back from Netflix. A Wall Street analyst I spoke with last week was blunt, calling Netflix’s ad business “disappointing.” To me, a red flag on the ad front is that Netflix has never revealed how many ad-supported subscribers it has. Because if I know anything about how big companies work, if they have a positive number that makes them look really good - they tend to share it. (How many subs does go90 have right now? We’re not saying just yet. How are ads going on ChatGPT? Oh, a billion run rate - I see). Yes, to date Netflix has shared some fuzzy ad numbers, such as the idea that the company’s ad tier ‘reaches’ 250 million users globally.’ Here’s why that figure gives me pause: a)they lead with global, and b) they don’t explain how they are calculated. (Are they based on average people in each room? Surveys of some kind?). Regardless, some insiders say that Netflix’s ad tier is scaling nicely - others not so much. Either way, one of Netflix’s biggest challenge on the ad front appears to have been its starting point. Remember, when Netflix launched ads in 2022, it had 73 million subs in the US and Canada. That’s 73 million people who were used to Netflix with zero ads. And when the ad product rolled out, the company clearly was going after new users - a limited pool of potential subscribers by default. That focus seems to have changed over time, as Netflix has tried to convert longtime subscribers to the ad tier. Historically Netflix subscribers are very sticky. But is the company’s low churn a problem? Not necessarily, according to Antenna data. Rather, Netflix’s consumer loyalty is a bit of a double-edged sword. “Netflix is the one streamer which actually has seen substantial “trade downs” but has much lower ‘win backs,’ said Antenna founder Jonathan Carson (win-backs being people who were on the ad-free plan, cancelled, then rejoined on the ad plan). “Netflix has lower churn and so has less opportunity to win back old subs with a lower cost plan option.” This all might explain why Netflix has been so slow to roll out all of these table stakes targeting options until just this week. It likely didn’t have enough users to carve up into various targets. etc. However, what really hit Netflix’s ad business was Amazon’s move a few years ago to turn on advertising for Prime Video by default. Suddenly the market was awash in premium inventory, and Netflix was playing catch-up on multiple fronts. Thus, the streaming giant appears to still be figuring out if if wants lead in ‘programmatic TV,’ or premium ‘upfront’ TV sales. “The CTV market now sorts into three businesses, and Netflix is not the leader of any of them,” wrote analyst Jack Myers. Ouch. So how does Netflix ratchet up its ads business? Get the next NFL package You’re gonna have to wait until 2030 unless one of the bigger media companies like Skydance opts out, but the easiest (not cheapest) way for Netflix to become a huge TV ads contender is to get one of the regular NFL packages, ideally Sunday afternoons. That way it can sell ads to its whole U.S. subs base overnight. Go FAST This one is risky, because to program a compelling FAST channel, you’d likely have to take some older Netflix exclusive shows and make them available for free to non-subscribers. But FASTs, for better or worse, are ad-inventory machines. Go full UGC I’m not sure I see this happening. There is something already off about Netflix carrying podcasts and shows for creators. The experience sticks out in what is such a produced, and generally non-communal environment. But Netflix could open up its platform by allowing creators to upload videos without having to be approved by the service. But that opens a whole other can of worms (policing brand safety, copyright infringement, overall quality). Make a huge RMN Deal I was going to suggest something crazy, such as ‘instead of buying Warner Brothers, Netflix should buy Target. But the company doesn’t want to be in the brick and mortar business. Yet for Netflix’s ad business to compete in an Amazon world, it needs to be able to connect ad exposures to shopping. What if, instead of letting Amazon target Netflix viewers with its DSP, Netflix inked a deal with Target, or even took control of Roundel, and created its version of the Amazon full-funnel for brands? Price us out. I hope they don’t do this, but Netflix’s price increases - while significant - haven’t been enough to push long-term customers out of the ad-free tier. But if they made those prices so prohibitive, it could push large swaths of consumers to trade down. Then again, that could also dent engagement - as binging becomes much less appealing once you bring ads into the equation. Or, they could just launch a bunch of hit shows and maybe everyone will quickly forget all this angst. More from Amazon unBoxed A few weeks ago, I recorded two podcasts live at Amazon’s unBoxed event in San Francisco. I was able to go really deep with several brand partners about how Amazon’s various data and ad products work - particularly the under appreciated Amazon Marketing Cloud. First, I talked with Laura Abadias Velilla, of the Amazon specialty agency Amerge, along with Amazon’s own Charlotte Maines, Vice President, Devices Content & Advertising, about how the two partners helped a very specific printer company Epson launch into a brand new category - high end projectors. It’s a great example of how brands connect audience data across platforms to make budget deployment decisions. Next, I chatted with Monks VP Head of Digital Investment for North America Tom Burchill about how the agency actually brought in data from Linkedin to help target B2B customers across various Amazon properties for the brand Quicken. Check it out: Check these out, or just listen:
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