Mediagazer: New York Times Co reports slip in total revenue (Reuters)

9:20 AM ET, August 1, 2013

Top News:

Andrew Beaujon / Poynter:

Digital subscriptions up 35% at New York Times & IHT, 70% at Boston Globe — Circulation revenues in the second quarter of 2013 rose 5.1 percent over the same period the year before, a company earnings report says. Advertising revenue fell 5.8 percent over the same period. Overall, revenue was down by .9 percent.

Reuters:

New York Times Co reports slip in total revenue — New York Times Co reported on Thursday that revenue slipped almost 1 percent to $485.4 million, as gains in subscriptions to its flagship and other newspapers could not offset declines in advertising. — Total operating profit …

Discussion: GigaOM

The New York Times Company:

The New York Times Company Reports 2013 Second-Quarter Results — The New York Times Company NYT +2.53% announced today second-quarter 2013 diluted earnings per share from continuing operations of $.13 compared with $.25 in the same period of 2012. Excluding severance and the 2012 special …

Discussion: New York Times, StreetInsider.com and @edmundlee

Will Bunch / Philly.com:

The de-newspaperization of America — It used to be there were local newspapers everywhere. If you wanted to be a journalist, you could really make a good living working for your hometown paper. Now you have a few newspapers that make a profit because they are national brands …

Brian Stelter / New York Times:

Comcast and CBS Post Strong Results, Aided by Web — Judging by the second-quarter earnings reported by two major media companies on Wednesday, the good times are still rolling in the television business. — Comcast reported that its earnings rose to $1.7 billion from $1.35 billion …

Jeff Bercovici / Forbes:

CBS President On ‘Illegal’ Aereo: 'We Don't Think It's Catching On At All' — Considering how hard his company has been trying to obtain a legal death warrant for Aereo, CBS president Les Moonves affected a suspiciously nonchalant air when talking about the streaming TV service on Wednesday's earnings call.

Discussion: Home Media Magazine

Reuters:
CBS Earnings Beat Expectations, Sumner Redstone Endorses Les Moonves

Discussion: Radio & Television …, CBS Corporation, AdAge, Los Angeles Times, @jboorstin, @dana_mcclintock, @megjameslat, @dana_mcclintock, @jlafayette, @jboorstin, Hollywood Reporter and Deadline.com

David Batty / Guardian:

Twitter bomb threats to female journalists — Guardian columnist Hadley Freeman and Independent writer Grace Dent among women threatened — Police are investigating bomb threats made on Twitter against several female journalists, including Guardian columnist Hadley Freeman.

Emma Bazilian / Adweek:

Despite Controversy, Rolling Stone ‘Boston Bomber’ Issue Is a Hit on Newsstands — Rolling Stone's “Boston Bomber” issue got a rash of bad publicity and retailers like CVS and Stop & Stop pulled it from shelves after a “Boycott Rolling Stone” campaign gained steam on Facebook.

Discussion: The Huffington Post, The Independent, Daily Mail, The Big Lead, Softpedia News, The Drum, Gawker, New York Magazine and FTVLive

Christopher Mims / Quartz:

Google is testing a local news product for Google Now — Google has hatched a plan to boost the visibility of its existing local news product, and in the process is testing a whole new way to get people to pay attention to the news that is geographically most relevant to them.

Discussion: Street Fight, Fast Company, @bbccollege, TechnoBuffalo, GigaOM, The Verge, Search Engine Land, Yahoo! News, SlashGear, Engadget, Pocket-lint, @jason, TechCrunch, @tscurrie, @laureni, @digiphile, @vincos, @mathewi and @niemanlab

RT:

Snowden granted 1-year asylum in Russia, leaves airport — NSA whistleblower Edward Snowden has been granted temporary asylum in Russia and is allowed to enter the country's territory. — The whistleblower has been granted temporary political asylum in Russia, Snowden's legal representative Anatoly Kucherena said.

Discussion: @rt_com, Softpedia News, @rt_com, The Atlantic Wire, Times of India, Politico, Reuters, Reuters, bigstory.ap.org, @hari, @avilarenata, @samsteinhp, @rt_com, World News, WebProNews and Business Insider

Christopher Flavelle / Bloomberg:

If Politics Is So Easy, Why Can't Journalists Do It? — Chrystia Freeland, a columnist and senior editor at Thomson Reuters, said last week that she's quitting her job to run for political office in Canada, where she was born. Freeland is an accomplished journalist and the author of a book …

Discussion: @edmundlee, @scroll, @scottbix, @bloombergview and @adwooldridge

Sara Morrison / The Wrap:

Fox News Sues TVEyes for Copyright Infringement — Says subscription service sells access to its content without permission nor compensation — Fox News Channel sued TVEyes, a $500-per-month TV and radio broadcast search service, for copyright infringement on Tuesday.

Discussion: Courthouse News Service, @mattcover and @buzzfeedandrew

Andrew Beaujon / Poynter:

Did the media drop the ball on the Bradley Manning trial? — “The corporate media coverage of this trial, which is arguably one of the most important cases in modern American history, has been utterly shameful,” Nation reporter Jeremy Scahill said on “Democracy Now!”

Discussion: @sulliview, @piratenpartij, @abeaujon, Foreign Policy, @niemanlab, Variety and Committee to Protect …

David Carr / New York Times:
Whistle-Blowers in Limbo, Neither Hero Nor Traitor

Discussion: Guardian, CNN and AAP

Natasha Lomas / TechCrunch:

German Publishers Can't Wean Themselves Off Google News, Despite Winning Copyright Law Change — Germany's new copyright law comes into force today but several major German publishers haven't rushed to pull their news snippets from Google News, despite lobbying in favour of tightening the law.

Discussion: Associated Press, GigaOM, Engadget, The Verge and New Zealand Herald

Stuart Dredge / Music Ally:

Spotify in 2012: revenues of $577.1m and a net loss of $77.9m — Streaming music service Spotify has published its latest financial results in Luxembourg, revealing strong growth in revenues for 2012 but an increase in the company's net losses. — Spotify's revenues were €434.7m …

Discussion: The Verge, hypebot, @stuartdredge and Reuters

Reuters:
Music streamer Spotify doubles 2012 revenues after expansion

Discussion: Financial Times, Wall Street Journal and MarketWatch

Glenn Greenwald / Guardian:

XKeyscore: NSA tool collects ‘nearly everything a user does on the internet’ — • XKeyscore gives ‘widest-reaching’ collection of online data — • NSA analysts require no prior authorization for searches — • Sweeps up emails, social media activity and browsing history