Top News:
Alex Spence / Politico:
Sources: 268 employees have accepted buyout offers from the Guardian, including 70 in the newsroom, in latest round of cost-cutting — LONDON - A cluster of senior figures are leaving the Guardian as it grapples to stem mounting financial losses. — Prominent journalists including Middle …
Discussion:
@joepompeo, The Wrap and FishbowlNY
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Jasper Jackson / Guardian:
Guardian Media Group reports £209.5M revenue, down from £217.5M in 2015, total losses of £173M, says most digital ad growth has moved to Google and Facebook — Publisher faces tough print and digital ad markets as asset writedown leads to total loss of £173m for group
Discussion:
Press Gazette, Talking New Media, Press Gazette, Politico, The Daily Caller, Guardian and @neilwallis1
Sarah Perez / TechCrunch:
Tumblr launches ads on all users' blogs Thursday, will unveil revenue program for partners later in 2016; users can opt out of ads on their blogs — Tumblr this week quietly announced plans to roll out a new advertising program across its site which will see it implementing ads across users' blogs.
Discussion:
Tumblr Staff, Fortune, Engadget, Mashable, The Next Web, Tumblr Support, Co.Design, Forbes and Boing Boing
Alex Spence / Politico:
French newspaper Le Monde says it won't publish pictures of terror attackers to avoid giving perpetrators “posthumous glorification” — After the killing of an elderly priest at a church in northern France, Le Monde has called for the media to rethink the way it covers such attacks to avoid ‘glorifying’ the perpetrators.
Discussion:
Guardian, Washington Post, Press Gazette, FishbowlNY, Washington Times, @nilanjanaroy and @czechboy0
Reuters:
Turkey detains 47 journalists in crackdown on suspected supporters of Muslim cleric Fethullah Gulen, who is accused of masterminding failed coup — Turkey ordered another 47 journalists detained on Wednesday, part of a large-scale crackdown on suspected supporters of U.S.-based Muslim cleric …
Erin Griffith / Fortune:
BuzzFeed beefs up its translation team, capitalizing on stories across foreign bureaus; translations make up 30% to 40% of content in international editions — It's well-known by now that media startup BuzzFeed has opened news bureaus in ten countries. But those bureaus …
Alan Huffman / Columbia Journalism Review:
A look at self-trained local freelancer and photojournalist Abdel-Kader Fassouk, after his death in Libya last week — Abdel-Kader Fassouk (center) with anti-ISIS fighters in Sirte, Libya, moments before he was killed. (Photo by Andre Liohn) — The killing of a young Libyan photojournalist …
Manuel Baigorri / Bloomberg:
Sources: owners considering selling SoundCloud, hoping for a $1B valuation of the company — Founders and investors are weighing options, including a sale — German firm so far hasn't found buyer at sufficient price — SoundCloud Ltd.'s owners are considering a sale that could value …
Discussion:
RAIN News, @shiraovide, Digital Music News and Engadget
Sahil Patel / Digiday:
ABC News, CNN, and The Huffington Post are among the publishers producing virtual reality content at the presidential conventions — Live video might be all the rage during this year's presidential conventions, but a few publishers are taking it a step further by producing virtual reality and 360-degree videos from the events.
Discussion:
Variety and @niemanlab
Alexei Oreskovic / Business Insider:
Tim Cook's comments during earnings call about TV could reignite speculation about Apple's longterm TV plans — Investors and Apple fans have long been waiting for Apple to do something big with TVs. — Sure, Apple has sold the Apple TV box for years. But that box is really just a streaming box …
Discussion:
Apple, VentureBeat, Washington Post and @obrien
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Wall Street Journal:
Comcast beats targets with Q2 net income of $2.03B, down from $2.14B a year ago, on revenue of $19.27B, up 2.8%; broadband revenue rises, studio revenue falls — Profit dragged down by weaker performance at film studio — Despite fears of cord-cutting and competition from cheaper streaming options …
Discussion:
Broadcasting & Cable, Los Angeles Times, Comcast, Broadcasting & Cable and CNBC
George Slefo / Ad Age:
Reddit to debut Promoted User Posts on August 4, a new ad offering that lets marketers sponsor user-generated posts — Marketers Will Be Allowed to Sponsor (Consenting) Redditors' Posts — Picture this: It's 2020 and Reddit is the third most downloaded app in Apple's App Store …
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