Top News:
Todd Spangler / Variety:
Time Warner takes 10% stake in Hulu, joining Disney, 21st Century Fox, Comcast; Turner networks like CNN and Cartoon Network will be available at 2017 launch — Time Warner is taking a 10% stake in Hulu, joining previous owners Disney, 21st Century Fox and Comcast, and as part …
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Peter Kafka / Recode:
Source: Time Warner paid $580M for 10% Hulu stake, valuing company at $5.8B — This TV package is different from the rest. — After months of talks, Time Warner is buying a chunk of Hulu, the web TV service. — The deal means Time Warner will be partners with existing owners Disney …
Discussion:
Engadget, Broadcasting & Cable, @ischafer, Consumerist, @rosslevinsohn, @alexosterwalder and @pkafka
Kate Rooney / CNBC:
Time Warner Q2 earnings: $1.29 a share, revenue down to $6.95B from $7.35B last year — Time Warner reported quarterly earnings that beat analysts' expectations but revenues that missed on Wednesday. — The company posted second-quarter earnings per share of $1.29, compared to $1.25 per a share in the year-earlier period.
Anthony Ha / TechCrunch:
Crowdsourced news service Ripple acquires neighborhood news startup Hoodline; Hoodline Editor In Chief Eric Eldon will continue in role — Ripple has acquired Hoodline, a deal that combines two different approaches to covering local news. — Founded by former Viki CEO Razmig Hovaghimian …
Discussion:
Recode, @lock and @mgsiegler
Joseph Lichterman / Nieman Lab:
European publishers are teaming together to translate the news to reach broader audiences — If Brexit drove home any point, it's that the fates of Europe's countries are deeply intertwined. Decisions made in Brussels — along with happenings in capitals across the continent — affect millions of people in dozens of countries.
Discussion:
VoxEurop.eu
Ken Doctor / Politico:
With Tronc's Q2 earnings due, Gannet could up its $15-a-share bid for the company, probably to $18-20; Tronc may acquire video startup Fresco News — Time for another Tronc (Tribune Publishing) quarterly financial report. Time for more intrigue. And this time, we can ask …
Discussion:
Vanity Fair, @kdoctor and @raju
Hadas Gold / Politico:
CNN president Jeff Zucker calls Vice and BuzzFeed native ad shops, not legitimate news organizations, praises former Trump campaign manager Corey Lewandowski — Corey Lewandowski is a great CNN contributor and Vice and BuzzFeed are not legitimate news organizations, CNN president Jeff Zucker says in Variety's latest cover story.
Discussion:
Variety, FTVLive, Inside Cable News, New York Magazine, @ggreenwald, @sethmnookin, @katherinemiller, Hot Air, Variety, Mediaite, Talking Points Memo, Media Matters for America, Business Insider, TVNewser, @jamilsmith, @nycjim, @taylorbuley, @oliverdarcy, @mazmhussain, @noahedavis, @richardgrenell, @tressiemcphd, @buzzfeedben, @jayrosen_nyu, @jasonhitchcock, @pkafka, @patcaldwell, @hadas_gold, @shoq, @clarajeffery, @isaacdovere, @joeperticone, @scottbix and @buzzfeedandrew
Hadas Gold / Politico:
Senior producer of NBC's “Meet the Press”, Shawna Thomas, appointed Vice News Washington bureau chief — Shawna Thomas is leaving NBC for Vice News to become its Washington bureau chief, the company will announce on Wednesday. — Thomas is leaving NBC after 10 years with the network …
Discussion:
FishbowlNY, @halliejackson, @frankthorp, @buzzfeedben, @braddjaffy, @tyrangiel and @philiprucker
Chris Roush / Talking Biz News:
Business Insider and Tech Insider to merge teams; TI Executive Editor Alyson Shontell becomes EIC of Business Insider US, while Blodget remains global EIC — Business Insider editor in chief Henry Blodget sent out the following announcement on Wednesday:
Discussion:
@aprilolanoff, @tomkludt, @taylorlorenz, @nichcarlson and @thestalwart
Andy / TorrentFreak:
Atlantic Records asks Supreme Court to force Reddit to identify user who leaked a song from the Suicide Squad soundtrack on the site — Music gets uploaded to the Internet every minute of every day, much to the irritation of recording labels. Largely these uploads are dealt with via takedown notices …
Discussion:
hypebot and The Next Web
Chris O'Shea / FishbowlNY:
The New York Times names Adam Bryant, ex-deputy editor on science desk, editorial director of its events division, NYTLive — The New York Times has named Adam Bryant editorial director of its event division, NYTLive. — Bryant was most recently a deputy editor on the Times' science desk.
Margaret Sullivan / Washington Post:
How New York Magazine's Gabriel Sherman owned the story about sexual harassment claims against Roger Ailes at Fox News: deep sources, persistence, and empathy — Journalists are highly competitive, but every once in a while, a reporter is so far out ahead on a continuing story that all the rest of us can do is acknowledge the obvious.
Discussion:
@sulliview, Columbia Journalism Review, @rafat, @heybonanos, @gretchencarlson, @thefree_lance, LawNewz, The Daily Beast and @dylanbyers
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