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 …
Discussion:
Crain's New York Business, Bloomberg, Adweek, Home Media Magazine, Forbes, Ad Age, timewarner.com, Wall Street Journal, Fortune, Guardian, TechCrunch, @awolk, Broadcasting & Cable, @jasonkilar, MacRumors, @xpangler, Reuters, MarketWatch, @edmundlee, @toddpack, Business Insider, Fast Company and 9to5Google
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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 …
Discussion:
@ericmortensen, Consumerist, @rosslevinsohn, @pkafka, @alexosterwalder, @ischafer, Engadget, @andrewwamugi, @pkafka and Broadcasting & Cable
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.
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:
FishbowlNY, @aprilolanoff, @tomkludt, @taylorlorenz, @nichcarlson and @thestalwart
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, @rose_garrett, @jcstearns, @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:
@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 …
Discussion:
@gwenifill, @shawnanbcnews, @halliejackson, @frankthorp, @buzzfeedben, @braddjaffy, @evanmcsan, @tyrangiel and @philiprucker
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, @springer, @kdoctor and @raju
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 …
Discussion:
TechCrunch, Android Police, 9to5Google and Engadget
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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