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 Loop, Fast Company, CNNMoney, The Huffington Post, Washington Post, Mediaite, The Daily Caller, Quartz, The Verge, The Drum, The Hill, Guardian, Business Insider, TIME and New York Times
Shan Wang / Nieman Lab:
Knight Foundation report: users spend 5% of mobile time on news sites and apps, Reddit users spend five times as much time in Reddit app than any other news app — People read the news on their smartphones (duh). They will even read longform (to a certain extent).
Discussion:
medium.com, Poynter, Knight Foundation, Knight Foundation, @poynter, @jcstearns, @knightfdn, @ejimbo_com, The Rural Blog, Medium, Medium and Medium
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:
@rafat, MarketWatch, Reuters, The Star Online and Bloomberg
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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:
Tubefilter, @irvingazoff, Billboard, Music Ally and The Wrap
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
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 …
Discussion:
Deadline, The Wrap, New York Times, Los Angeles Times, International Business Times, VentureBeat, The Wrap, Washington Post, USA Today, Hollywood Reporter, Deadline, NBC News, Broadcasting & Cable, Business Insider, Forbes, Home Media Magazine, Wall Street Journal, @mattpeckham, @derekburgan, Fortune, @cnbc and Wall Street Journal
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, Mashable, Fortune, @profjeffjarviss and @reformedbroker
Paul Dallison / Politico:
Bloomberg gave $362,000 to keep Britain in European Union — BRUSSELS — Media giant Bloomberg gave $361,675 to the campaign fighting to keep Britain in the European Union, according to a watchdog that regulates election financing. — The donation, which the Electoral Commission listed as being in cash …
Discussion:
@miriamelder
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:
Guardian, New York Times, New York Times and The Wrap
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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