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2:20 PM ET, August 3, 2016

Mediagazer

 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 …
RELATED:
Peter Kafka / Recode:
Time Warner buying 10% of Hulu for $583M, Time Warner CFO says during earnings call, will join Hulu's new pay TV service  —  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 …
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.
Discussion: Variety, Reuters and Fortune
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: @benmullin and VoxEurop.eu
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 …
Jeffrey A. Trachtenberg / Wall Street Journal:
Sources: Time Inc. laying off around 110 people across the company  —  Move comes after significant restructuring by magazine publisher  —  Time Inc., which in recent weeks has undergone a major corporate reorganization and a retooling of its sales and marketing staff …
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: The Next Web and hypebot
YouTube Blog:
YouTube Kids app now supports YouTube Red subscription service features in the US, Australia, and New Zealand, including offline viewing, ad-free videos  —  Back in October we launched YouTube Red, a paid membership that makes everything you love about YouTube even better …
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.
Jasper Jackson / Guardian:
Times soccer correspondent Tony Barrett, who quit after paper refused to put Hillsborough verdict on front page, appointed chief soccer writer of Joe.co.uk  —  Tony Barrett, who resigned after paper failed to put inquest verdict on its front page, to be website's chief football writer
 
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 More News: 
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
Josh Gerstein / Politico:
Matthew Keys ordered to prison on Thursday for conviction in 2010 Los Angeles Times hack, asks Obama for reprieve and reforms to Computer Fraud and Abuse Act
Discussion: @taylorbuley
 Earlier Picks: 
Tobias Burns / Hollywood Reporter:
Funny or Die is cutting about 37 staffers and closing its San Mateo office
Discussion: Tubefilter, The Wrap and Variety
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
 

 
From Techmeme:

Alphabet:
Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5%; GOOG jumps 10%+

Dustin Volz / Wall Street Journal:
Sam Altman, Satya Nadella, Sundar Pichai, Jensen Huang, and others join a panel to advise US DHS on deploying AI safely within America's critical infrastructure

Microsoft:
Microsoft Q3: revenue up 17% YoY to $61.9B, net income up 20% to $21.9B, Office Commercial revenue up 13%, LinkedIn revenue up 10%
 
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