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:
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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.
Shalini Ramachandran / Wall Street Journal:
Comcast took $252M impairment charge on Weather Channel, increases Hulu estimate from $167M at end of last year to $267M as of June 30 — Comcast Slashes the Value of Its Weather Channel Investment … The Weather Channel's distribution woes are casting a cloud over its owners' investments.
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
Alexander Howard / The Huffington Post:
New Federal FOIA Ombudsman Comes From DHS, Has Dubious Judgment About Journalism — Holzer's public record on FOIA is cause for concern. — Senior Editor for Technology and Society, The Huffington Post — The U.S. has a new ombudsman for the Freedom of Information Act.
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 and Marketing Land
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, The Huffington Post and Inside Cable News
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, Quartz, TechCrunch, Amazon.com, Reuters, Tech Trader Daily, @cnbcnow and @mattanderson_ny
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, Fortune, Mercury News, Variety, Reuters and @jank0
Katie Notopoulos / BuzzFeed:
Product Hunt launches book discovery section featuring author AMAs, community discussion — Product Hunt Wants To Help You Read More Books — The tech discovery site is launching a new book section that seems suspiciously like something a fan of Product Hunt would want read. — medium.com
Discussion:
The New York Observer, Medium, VentureBeat and Fortune
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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