Mediagazer: Pandora misses targets for Q2 with revenue of $343M, up 20% YoY but lower than projections of $351.7M; active listeners fall to 78.1M from 79.4M a year ago (Lucas Shaw/Bloomberg)

7:30 PM ET, July 21, 2016

Top News:

Roger Ailes resigns as chairman and CEO of Fox News and Fox Business Network; Rupert Murdoch to be chairman and acting CEO of Fox News, Fox Business — Rupert Murdoch to Assume Role of Chairman and Acting CEO of Fox News Channel and Fox Business Network — 21st Century Fox today announced …

Discussion: CNNMoney, CNNMoney, Drudge Report, Variety, Politico, NPR, New York Times, @gabrielsherman, Mediaite, Guardian, Mother Jones, Quartz, The Wrap, Mediaite, @braddjaffy, Associated Press, Media Matters for America, The Wrap, Ad Age, Poynter, TechCrunch, Politico, Newser, Hollywood Reporter, Hit & Run, Business Insider, Talking Points Memo, Fox News, New York Daily News, @npr, The Daily Beast, @chrisariens, The Week, New York Post, Wall Street Journal, Vanity Fair, @yousefmunayyer, @kelseymsutton, @hadas_gold, @dylanbyers, @petersterne, @kelseymsutton, The Daily Caller, Fortune, @hadas_gold, @blowryontv, @hadas_gold, Daily Wire, Hot Air, Broadcasting & Cable, Mashable, The Verge, Business Insider, Talking Points Memo, Bloomberg, Recode, ABC News, KTLA, @davidfolkenflik, The Huffington Post, @grynbaum, Talking New Media, @davidfolkenflik, @davidfolkenflik, Reuters, ThinkProgress, Washington Post and CNBC

Gabriel Sherman / New York Magazine:

In wake of Roger Ailes' departure from Fox News, Fox spokesperson Irena Briganti could also be forced out — As Roger Ailes battles the Murdochs over the terms of his exit from Fox News, he's doing so without a key weapon in his arsenal: Fox spokesperson Irena Briganti.

Molly Redden / Guardian:

More than 20 women have accused Fox News host Roger Ailes of sexual harassment, say attorneys for Gretchen Carlson — Accusations against Fox News CEO have poured in since former host Gretchen Carlson filed a lawsuit, her legal team say, with some claims dating back decades

Discussion: The Wrap, FishbowlNY, The Huffington Post, Media Matters for America, TVNewser, AOL, @gretchencarlson, LawNewz, @gabrielsherman, Talking Points Memo, @paulwaldman1, @sarahw and The Week

Felix Salmon / Fusion:

Ailes departure is good for the Murdochs because Ailes is not someone who could navigate a generational shift to a younger audience — Roger Ailes is arguably the most important television executive of his generation. He built Fox News from scratch, and in doing so created a whole new model …

Discussion: Recode, @soniasaraiya, Washington Post, Washington Post, Forbes, Ad Age, The Wrap, AOL, @anthony, @reformedbroker, @mathewi, Inside Cable News, Fortune, USA Today, @thestalwart, Hollywood Reporter, CNNMoney, Variety and Mediaite

New York Times:

How the Ailes exit could affect personnel at Fox News, finances, efforts to attract a younger audience, and transition to digital platforms — Will Fox News's prime-time lineup remain intact? Will the network's ratings fall back to earth after this wild presidential election?

Discussion: CNBC, The Frisky and Politico

James Poniewozik / New York Times:
Roger Ailes fused TV and politics, gaining power by exploiting the idea that news outlets were aligned against conservatives

Discussion: Media Matters for America, Gawker, @reedfrich, @brianros1, @stevesilberman and The Week

New York Times:
Sources: details from internal inquiry sealed the fate of Roger Ailes at Fox News

Discussion: @lderothschild, Vanity Fair, FishbowlNY, @ritholtz, @colvinius, Los Angeles Times and Hollywood Reporter

Peter Kafka / Recode:

Nick Denton: Gawker Media has small operating profit in first half of 2016, with revenue up 7-8% YoY; e-commerce links lifted revenue — And yes, Denton will watch Peter Thiel speak tonight. — Peter Thiel and Hulk Hogan won and Nick Denton lost, so Denton has to sell off Gawker Media via a bankruptcy auction next month.

Discussion: The Wrap, Bloomberg, BuzzFeed, New York Magazine and @pkafka

Tom Spring / Threatpost:

EFF sues US over Digital Millennium Copyright Act clause that restricts tinkering with systems that protect copyrighted materials like films, audio, and code — The Electronic Frontier Foundation filed a lawsuit Thursday against the U.S. Government over a provision within …

Discussion: Electronic Frontier Foundation, bunnie's blog, Techdirt, Broadcasting & Cable, @bc_butler, The Hill, The Verge, On the Wire, Boing Boing, Fast Company, Guardian and @mike_mimoso

Lucas Shaw / Bloomberg:

Pandora misses targets for Q2 with revenue of $343M, up 20% YoY but lower than projections of $351.7M; active listeners fall to 78.1M from 79.4M a year ago — Pandora Media Inc., the Internet radio service that's become the subject of heated merger speculation, posted second-quarter revenue …

Discussion: Forbes, TechCrunch, Radio & Television …, Variety, Bloomberg, RAIN News, Business Insider, @pkafka, @jank0, Wall Street Journal and Business Wire

Kurt Wagner / Recode:

Twitter loses its VP of North American media partnerships, Kirstine Stewart — Twitter's media team has gone through some changes in 2016. — Twitter's media team is losing another executive: Kirstine Stewart, the VP of media for Twitter's North American media partnerships.

Mike Shields / Wall Street Journal:

Media brands struggle to gain audiences on YouTube, turn to Facebook, Snapchat instead — YouTube seen as crowded and difficult for content discovery, while Facebook and Snapchat and other platforms surge — In May, the do-it-yourself, home-and-garden site Hometalk made its first big push into video on Facebook.

Discussion: @pkafka and @digitalshields

Georg Szalai / Hollywood Reporter:

Dish reports biggest quarterly drop in pay TV subs ever, down 281K to 13.59M — EMAIL ME — Charlie Ergen talks about a carriage dispute with Tribune Media, consolidation and the pay TV industry's mature business. — Dish Network on Thursday reported improved second-quarter earnings …

Discussion: Ad Age, Multichannel News and The Wrap

Jeremy Barr / Ad Age:

To combat ad-blocking, The Financial Times begins blanking out words in articles to illustrate the percentage of revenue that comes from advertising — U.K. Newspaper Also Releases an ‘Advertising Charter’ — Programmatic: The Future of Television — The Financial Times is certainly …

Discussion: Nieman Lab, Financial Times, Digiday, @aulia, @charliebeckett, @myurow, @davidbauer, @firt and @raju

Jessica Toonkel / Reuters:

Memo: Al Jazeera to re-launch English-language digital streaming service in US in September — Al Jazeera Media Network is preparing to make its English language international news channel video content digitally available to U.S. viewers again, according to a July 21 email sent to employees obtained by Reuters.

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Noah Kulwin / Recode:
Sources: Reddit shakes up management, with possible departures of editorial director and VP of marketing, among others

Discussion: TechCrunch and @rolandlisf

Sonya Sorich / Sacramento Business Journal:
McClatchy reports $14.7M GAAP loss for Q2, with net revenue of $242.2M, down from $262.4M in 2015; print ad revenue fell 16.6%, and digital ad revenue rose 4.4%

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Lauren Johnson / Adweek:
Following success of podcasts like Serial and This American Life, Interactive Advertising Bureau to host second Podcast Upfront in fall

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Lucia Moses / Digiday:
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Todd Spangler / Variety:
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The Wrap:
Playboy announces layoffs in memo; sources say cuts affect digital staff in Los Angeles, including Chief Content Officer Cory Jones

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Ernesto / TorrentFreak:
Alleged owner of biggest torrent site, KickassTorrents, arrested in Poland on US charges of copyright infringement and money laundering, KAT domains seized

From Techmeme:

Bloomberg:
Polymarket says the FBI seized CEO Shayne Coplan's phone and electronics; source: the DOJ is investigating Polymarket for allegedly accepting bets from US users

Ramish Zafar / Wccftech:
AMD says it will lay off ~4% of its global staff to align “resources with our largest growth opportunities”; SEC filing: AMD had 26,000 employees at 2023's end

Bloomberg:
Sources: OpenAI plans to launch a new AI agent codenamed Operator, which can use a computer to take actions on a person's behalf, in January

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