Top News:
Peter Kafka / Re/code:
TV programming stocks slide following Tuesday's report of subscriber losses for ESPN — Cord-Cutting Contagion! Wall Street Bails on Big Media Stocks. — Big media companies used to insist that cord-cutters — people dropping pay TV for Internet video — were a myth.
Discussion:
New York Times, CNNMoney, Fortune, Forbes, @antderosa, @brianstelter, Hollywood Reporter, Business Insider, Home Media Magazine and Multichannel News
Linda Ge / The Wrap:
CBS narrowly beats expectations with $0.74 EPS on revenue of $3.22B; CEO Les Moonves emphasizes progress in nonadvertising revenue sources — CBS Narrowly Beats Earnings Expectations in Q2 2015 — CBS reported its earnings for the second quarter of 2015 on Wednesday, surpassing Wall Street expectations.
Discussion:
Broadcasting & Cable, Forbes, VentureBeat, Fortune, PR Newswire, Hollywood Reporter, CNBC, @jbflint and Globe and Mail
David Kravets / Ars Technica:
Movie studios sue MovieTube, seek SOPA-like power through broad site-blocking court order — Memo to MPAA: Congress didn't pass SOPA — Studios' suit demands “entire Internet” block, filtering infringing sites, EFF says. — Remember 2012, when there was that giant Internet backlash …
Discussion:
Electronic Frontier Foundation
Frank Jordans / Associated Press:
German privacy site Netzpolitik.org says it has received more than €50K in donations since news of government investigation broke — Treason probe boosts fortunes of German digital rights site — 4 photos — BERLIN (AP) — A German website specializing in coverage of online privacy …
Discussion:
USA Today and Wall Street Journal
Associated Press:
One arrested so far in slaying of journalist Ruben Espinosa and four women in Mexico City — Slain Mexican journalist had felt unsafe even in capital — MEXICO CITY (AP) — One person was in police custody Wednesday in connection with the slaying of a Mexican photojournalist and four women …
Tim Kenneally / The Wrap:
21st Century Fox beats Q4 estimates with $.39 EPS on $6.21B in revenue, with growth in cable revenue, declines in film and TV revenue — 21st Century Fox Beats Earnings Estimates for Q4 2015 — 21st Century Fox took a big revenue hit in the fourth quarter of 2015, pulling in $2.2 billion less …
Discussion:
Reuters, Variety, Broadcasting & Cable, Variety, Wall Street Journal, @bluechoochoo, @bluechoochoo, Bloomberg Business and Hollywood Reporter
Tim Murphy / Mother Jones:
BuzzFeed and IJReview team up with candidates for a new form of campaign coverage, making videos that candidates might otherwise film themselves — Bobby Jindal Really Wants You to Know He's Been Working Out — One of the most underrated storylines of the 2016 election has been Louisiana …
Discussion:
BuzzFeed, @timothypmurphy, International Business Times, Gawker, @jbenton, @timothypmurphy and msnbc.com
Shan Wang / Nieman Lab:
The Wall Street Journal is targeting its loyal subscribers with its new news digest mobile app — In late April, after The Wall Street Journal debuted its redesigned website, the Journal's chief innovation officer Edward Roussel told Nieman Lab that the past year had likely been …
Discussion:
Cision
Michael Calderone / The Huffington Post:
Media Outlets Debate Whether Increased Access To Kochs Is Worth All The Strings Attached — Because there has to be a catch.
Tim Peterson / Ad Age:
New York Times to retire interstitials, banner ads, plans to add mobile-native ads, similar to Facebook's and Twitter's in September — New York Times Plans to Make Its Mobile Ads More Native, Less Interruptive — “Mobile advertising as a whole is just fairly crappy,” said Sebastian Tomich …
Discussion:
Poynter, investors.nytco.com and NetNewsCheck Latest
Peter Kafka / Re/code:
Facebook Starts Livestreaming, Too — But Just for Celebrities — It was always a question of when, not if. So here's the answer: Facebook, following in the footsteps of Meerkat and Twitter's Periscope, is today rolling out its own version of a livestreaming app.
Discussion:
Facebook Media, TechCrunch, TVNewser and Ad Age
Jason Patinkin / Associated Press:
South Sudan shutters 2 newspapers in apparent crackdown — JUBA, South Sudan (AP) — The South Sudanese government has stopped operations of two newspapers, editors at the publications said Wednesday in an apparent crackdown on the independent media. — Agents from the National Security Services …
Discussion:
Voice of America, thesundaily.my, Chicago Tribune and Sudan
Corey Hutchins / Columbia Journalism Review:
SF Weekly publisher backs off plan to use cover story to ‘make up’ with advertiser — Score one for editorial independence, at least in one corner of the alt-weekly world. After a report of his newsroom meddling drew notice from journalists around the country, Glenn Zuehls, publisher of SF Weekly …
Discussion:
San Francisco magazine, @coreyhutchins, @cjr and San Francisco Peninsula …
Todd Spangler / Variety:
Dish Sheds 81,000 Pay-TV Subs in Q2, As Sling Fails to Offset Satellite Losses — Dish Network's Sling TV over-the-top service now has more than 250,000 subscribers — but the company dropped more satellite TV customers than that over the first half of 2015.
Discussion:
VentureBeat, Wall Street Journal, Home Media Magazine, Ad Age, Multichannel News, TechCrunch, Hollywood Reporter, Consumerist, USA Today, Reuters and Reuters
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