Top News:
Financial Times:
Nikkei to buy FT Group for £844m from Pearson — Henry Mance, Arash Massoudi and James Fontanella-Khan — Nikkei, Japan's largest media company, is to buy the FT Group from Pearson for £844m, bringing the curtain down on the UK-based company's 58-year ownership of the global news organisation.
Discussion:
Guardian, MarketWatch, Pearson, Nieman Lab, New York Times, Nieman Lab, WWD, Capital New York, Press Gazette, Mashable, Wall Street Journal, Bloomberg Business, Quartz, Folio, Variety, @afp, Reuters, @joshhalliday, Guardian, Financial Times, Financial Times, @lukejohnsonrcp, @janemartinson, Fortune, @peterlauria3, @sebmc, NPR, Poynter, @edmundlee, @psmith, New York Magazine, @hirokotabuchi, @felixsalmon, @spiegelpeter, @edmundlee, @johnplunkett149, @kenli729, Quartz, @annaknicolaou, @felixsalmon, @tonytassell, @matthewwells, The Next Web, Re/code, @felixsalmon and TechCrunch
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Andrew Edgecliffe-Johnson / Financial Times:
For 58 years, Pearson kept a hands-off approach to FT's newsroom, which built its digital strength recently with metered news access — Hands-off owner hands over FT after 58 years — The Financial Times has covered countless takeovers since its creation in 1888, and detailed waves of consolidation …
Discussion:
Guardian, World News Publishing Focus … and @zseward
Joe Pompeo / Capital New York:
Sulzberger scion Sam Dolnick gets a promotion at the Times — The New York Times has promoted Sam Dolnick to an associate editor position, reflecting the Times' growing focus on digital and the rise of one of the younger members of the family that controls the paper.
Discussion:
@joepompeo and The New York Times Company
Re/code:
Sources: Snapchat to add BuzzFeed, Vox, and others to Discover, drop Warner Music; 2 or 3 new partners added next week, second group in August or September — Snapchat Adding New Publishers to Its Service, Including BuzzFeed — You'll soon see a few more publishers in Snapchat's Discover feature.
Associated Press:
San Diego's Daily Transcript to close after nearly 130 years — 1 photo — SAN DIEGO (AP) — The Daily Transcript of San Diego said Wednesday it will publish its last edition Sept. 1, ending a nearly 130-year run in the newspaper business. — The newspaper is no longer viable due …
Discussion:
The San Diego Union-Tribune
Ezra Klein / Vox:
In 3 years, media will become wire services that operate across many platforms, gaining audience, but losing ability to create custom designs — Is the media becoming a wire service? — I'm going to make some predictions about the future of the media in this piece, and they come …
Discussion:
Poynter, @lindastern, @saila, @newswhip, @davewiner, @alexgspence and @benmullin
Glenn Peoples / Billboard:
Pandora Q2 sales grow 30% YoY to $285.6M, local ads up 67% to $58.9M, mobile now 80.4% of revenue, listener growth only 3.9% YoY — Pandora Revenue Grows 30 Percent, Listener Growth Slows — The online radio company's royalty burden improved to 45.6 percent of revenue in the second quarter.
Discussion:
TechCrunch, Wall Street Journal, Reuters, Mercury News, Reuters, Variety, Fortune and @jank0
Laura Hazard Owen / Nieman Lab:
One of the best things a news startup can do for its financial health: Hire a professional ad person — A new report from the Tow-Knight Center for Entrepreneurial Journalism, out Thursday, interviewed 22 digital publishers, most of which launched in the last 10 years, to determine best practices for …
Discussion:
Tow-Knight
Jim Dalrymple / The Loop:
Apple Music nightmare: adding music doesn't work as expected, lost access to 4,700 songs after turning off the service — ∞ Apple Music is a nightmare and I'm done with it — I love Apple. I love them because they take difficult problems and come up with innovative, simple solutions.
Discussion:
Business Insider, The Next Web, Fortune, Six Colors, Mashable, @janole, @davidbyttow, Daring Fireball, App Advice, Boing Boing and BGR
Spencer Soper / Bloomberg Business:
Amazon surges as much as 16% as it reports Q2 revenue of $23.2B, up 20%, beating estimates; net income of $92M — Amazon Sales Top Estimates on Cloud-Computing, Customer Growth — Amazon.com Inc.'s second-quarter sales topped analysts' estimates, buoyed by its fast-growing cloud computing business …
Discussion:
Forbes, TechCrunch, Quartz, Amazon.com, Reuters, @mattanderson_ny, Tech Trader Daily and @cnbcnow
Associated Press:
Turkish journalist fired over anti-Erdogan tweet — ANKARA, Turkey (AP) — A prominent Turkish journalist has been fired by his newspaper over a tweet which suggested that President Recep Tayyip Erdogan was responsible for a suicide bombing this week that killed 32 people.
Discussion:
DailySabah, Hürriyet Daily News and PressTV Media RSS
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Dylan Byers / Politico:
Under NBC News Chairman Andrew Lack, MSNBC begins to shift programming back to hard news — How to read the MSNBC news — Back in March, NBCUniversal sources told the On Media blog that MSNBC was on the brink of a massive shakeup: The aggressively liberal cable news network was going to be recast …
Discussion:
The Wrap and The Huffington Post
James Kanter / New York Times:
E.U. Opens Antitrust Case Against Major U.S. Studios and Sky UK — BRUSSELS — The European Union's top antitrust authority on Thursday charged major American film studios and a television company in Britain with unfairly blocking access to movies and other content.
Discussion:
EU Press Room, The Wrap, Guardian, Variety, Business Insider, New York Daily News, Associated Press, Associated Press, Agence France-Presse, Los Angeles Times, Financial Times, CNNMoney, Hollywood Reporter, Home Media Magazine, Politico, Washington Post, CNBC, Bloomberg Business, Wall Street Journal, Reuters, The Verge and The Week
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