Mediagazer: Nick Denton: Gawker Media has small operating profit in first half of 2016, with revenue up 7-8% YoY; e-commerce links lifted revenue (Peter Kafka/Recode)

7:20 AM ET, July 22, 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: Drudge Report, New York Times, The Wrap, Politico, NPR, New York Daily News, Variety, Mediaite, Fox News, Mother Jones, Guardian, Adweek, The Wrap, Poynter, @braddjaffy, Mediaite, Quartz, Hollywood Reporter, The Daily Beast, Talking Points Memo, Crikey, The Week, @gabrielsherman, Ad Age, Mediaite, Washington Post, Variety, NY1 News, Media Wire Daily, Business Insider, NPR, Inside Cable News, Broadcasting & Cable, Wall Street Journal, Talking New Media, Hit & Run, @npr, The Huffington Post, Recode, TVNewser, @chrisariens, Media Matters for America, @yousefmunayyer, @kelseymsutton, The Daily Caller, @hadas_gold, @davidfolkenflik, @dylanbyers, @petersterne, @kelseymsutton, @davidfolkenflik, @grynbaum, @hadas_gold, @hadas_gold, @blowryontv, New York Post, ABC News, Fortune, Daily Wire, Vanity Fair, Hot Air, Reuters, Mashable, The Verge, Bloomberg, Talking Points Memo, TechCrunch, Newser, ThinkProgress and Politico

CNNMoney:

Rupert Murdoch and his sons pressured Roger Ailes to resign after allegations of sexual harassment; his $40M+ exit payout includes advising Rupert Murdoch — Fox News chief Roger Ailes is leaving the network following sexual harassment allegations, 21st Century Fox confirmed Thursday.

Discussion: CNNMoney, Associated Press, Washington Post, @sims, @brianstelter, KTLA, @davidfolkenflik, Media Matters for America and The Week

Gabriel Sherman / New York Magazine:
In wake of Roger Ailes' departure from Fox News, Fox spokesperson Irena Briganti could also be forced out

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: Washington Post, @nytimesbusiness, @mattgrossmann, @reedfrich, @brianros1, @stevesilberman, Gawker and Recode

Molly Redden / Guardian:
More than 20 women have accused Fox News host Roger Ailes of sexual harassment, say attorneys for Gretchen Carlson

Discussion: The Huffington Post, Talking Points Memo, FishbowlNY, AOL, The Wrap, @soniasaraiya, Media Matters for America, LawNewz, @gabrielsherman, New York Times, Fusion, @paulwaldman1, @gretchencarlson, @sarahw, @reformedbroker and @mathewi

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: HYPEBEAST, BuzzFeed, Bloomberg, Recode - Facebook, New York Magazine, Variety, The Wrap, The Verge, Mediaite and @pkafka

Wall Street Journal:

Sources: Liberty Media CEO Greg Maffei, whose company controls Sirius XM, floated an offer to buy Pandora for $3.4B+ but was rejected by Pandora's board — Pandora's board rejected bid, wanted better offer, sources say — Liberty Media Corp. Chief Executive Greg Maffei …

Discussion: Forbes, SiliconANGLE, TechCrunch, Fortune, Bloomberg, Radio & Television … and Variety

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

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

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.

TechCrunch:

Sources say Reddit's efforts to remake itself are faltering under CEO Steve Huffman and founder Alexis Ohanian's leadership as more key employees depart — It's been one year since Reddit revolted. When the company cracked down on revenge porn and subreddits containing offensive content last summer …

Discussion: @diki24, @thomasaboyt, @evanplus, @joelandren, @ctatplay, @geoffwking and @kateconger

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

Discussion: New York Magazine and @rolandlisf

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, Techdirt, bunnie's blog, SlashGear, @bc_butler, Broadcasting & Cable, The Verge, @evacide, @joshbloch, @ncardozo, Guardian, Boing Boing, Fast Company, On the Wire, The Hill and @mike_mimoso

Joseph Watts / London Evening Standard:

Oona King leaves UK politics to join YouTube as global director of diversity — Labour peer Oona King is leaving UK politics to take a top job at YouTube in San Francisco, claiming that the “desperately sad” state of Jeremy Corbyn's Labour party made her decision easier.

Discussion: @oona_king, Tubefilter, Guido Fawkes and Guardian

Jasper Jackson / Guardian:

UK news site Exaro closes, could be due to changes at parent company New Sparta; former editor-in-chief says management lacked vision — Staff surprised by closure of site that broke allegations of VIP child abuse and other stories — Investigative journalism website Exaro has closed …

Discussion: Nieman Lab and Press Gazette

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.

Discussion: Canadian Press, MobileSyrup.com, @ladurantaye, Financial Post and @ladurantaye

Janko Roettgers / Variety:

Redbox confirms it is testing Redbox Digital video streaming service — Redbox is officially venturing back into streaming — on a trial basis, anyway. A Redbox spokesperson told Variety Thursday that the company has started to test its new streaming service, dubbed Redbox Digital, with some customers.

Discussion: GeekWire, The Verge and Engadget

Josh Gerstein / Politico:

Appeals court rejects Matthew Keys' plea to remain free while he appeals his convictions — A federal appeals court has denied a last-ditch reprieve for a journalist sentenced to two years in prison after being convicted in a hacking case. — The 9th Circuit Court of Appeals issued …

Discussion: @matthewkeyslive, @markjkings and @matthewkeyslive

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More News:

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%

Discussion: @taylorbuley and Talking New Media

Georg Szalai / Hollywood Reporter:
Dish reports biggest quarterly drop in pay TV subs ever, down 281K to 13.59M

Discussion: Multichannel News, The Wrap, Broadcasting & Cable, The Wrap, Variety, Ad Age and Multichannel News

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

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

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

Lauren Steussy / Columbia Journalism Review:
Non-profit education site Chalkbeat looks to expand its reach beyond ed-world insiders, covering inequity in education and strategies to improve schools

Discussion: Chalkbeat, @rafat and @egorski

Earlier Picks:

Lucia Moses / Digiday:
Slate now relies on native ads for nearly 50 percent of its revenue

Discussion: @lmoses

Todd Spangler / Variety:
Facebook to Get Live-Streaming Simulcasts of 9 U.S. Olympic Basketball Exhibition Games

Discussion: Broadcasting & Cable

Mike Shields / Wall Street Journal:
Media brands struggle to gain audiences on YouTube, turn to Facebook, Snapchat instead

Discussion: @pkafka

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

Discussion: Gizmodo, Crikey, Engadget, Consumerist, Business Insider, AppleInsider, HYPEBEAST, RT, Fortune, PCMag UK, WIRED UK, U.S. Department of Justice, Tech Times, The Express Tribune, SlashGear, 9to5Mac, SiliconANGLE, The Next Web, The Verge, MacRumors, VentureBeat and iPhone Hacks

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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