Top News:
Michael Nunez / Gizmodo:
GOP Sen. Thune sends letter to Zuckerberg asking for more details about curation of Facebook's Trending Topics; Facebook says it looks forward to cooperating — The US Senate Commerce Committee—which has jurisdiction over media issues, consumer protection issues, and internet communication …
Discussion:
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Ben Thompson / Stratechery:
Facebook's News Feed reflects what we already like, with far more influence than curators of Trending Topics — I got my start writing for the student newspaper at the University of Wisconsin.1 — What is interesting about that statement is that the appropriate follow-up question is “Which student newspaper?”
Discussion:
The Verge, The Loop, Fast Company, Digiday, The Huffington Post, Washington Post, Mediaite, The Daily Caller, The Drum, The Hill, Guardian, Business Insider, TIME, New York Times and The Week
Hank Green / Recode:
Vlogger Hank Green responds to Irving Azoff's open letter to YouTube, says the platform protects needs of independent creators from multinational companies — Dear Irving Azoff: Being on YouTube is good for artists and record labels, and everybody knows it.
Discussion:
Music Ally, Tubefilter, @irvingazoff, The Wrap and Billboard
Ellen Emmerentze Jervell / Wall Street Journal:
Axel Springer Q1: revenue up 4.6% to €783.4 adjusted, digital contributed to 67% of earnings, profit up to €203.2M — Italy's Mediaset and France's JC Decaux report disappointing results — FRANKFURT—Shares in Axel Springer SE fell sharply Wednesday despite it reporting …
Discussion:
Reuters, Wall Street Journal, The Star Online and Bloomberg
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Jacob Pramuk / CNBC:
Disney reports Q2 earnings of $1.36 a share, below estimates, and $13B in revenue; stock down over 5% — Media giant Walt Disney posted quarterly earnings Tuesday that fell short of Wall Street's expectations. — The company reported adjusted earnings of $1.36 per share on $12.97 billion …
Kevin Draper / Gawker:
As digital sites woo advertisers, they conflate metrics for digital video viewership and traditional TV — We are, right now, in the midst of a digital media upheaval. What was previously conventional wisdom—that a media company with hopes of turning a profit needs, above all, to achieve scale—is being proven false.
Discussion:
Wall Street Journal, @reformedbroker and @shiraovide
Mădălina Ciobanu / Journalism.co.uk:
Seven months after launch, El Español finds it challenging to pursue both high traffic and subscriptions — Web traffic to the crowdfunded media outlet is higher than expected, says co-founder María Ramírez, but subscriptions are not keeping up — Credit: Screenshot of El Español
Peter Kafka / Recode:
Ripple.co launches out of beta, targets big cities with news feeds and contributed posts — Viki founder Razmig Hovaghimian launches a “city-focused news platform.” — The internet is a good place to learn lots of things. What's happening in your neighborhood is not one of them …
Discussion:
PR Newswire, Journalism.co.uk and @niemanlab
Oliver Roeder / FiveThirtyEight:
USA Today and Gannett sever ties with Timothy Parker, crossword puzzle editor accused of plagiarism — USA Today has permanently severed ties with the longtime editor of its crossword puzzle, Timothy Parker, after allegations of plagiarism by Parker were investigated by FiveThirtyEight.
Discussion:
New York Times and The Wrap
AAP:
Fairfax and APN confirm they are in preliminary discussions to merge their New Zealand operations by year end — Fairfax and APN are talking about a merger of their NZ operations to create a nationwide media and entertainment business attractive to advertisers. — Source: AAP
Hannah Karp / Wall Street Journal:
How a presence on Beats 1, heavy promotion on iTunes, and a TV ad campaign helped Drake reach 1M album sales in a week — Feat is rare achievement in age of rapid streaming growth, declining sales of downloads and CDs — Hip-hop star Drake sold more than one million copies of his new album …
Todd Spangler / Variety:
Amazon unveils Amazon Video Direct, open to any video creator, with four ways to earn money: per-hour royalty, add-on subs, digital rent/sale, or ad-supported — Initial partners include Conde Nast, Samuel Goldwyn Films, Machinima, StyleHaul — Amazon, which touts itself as Earth's biggest store …
Discussion:
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