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8:40 AM 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:
Source: Time Warner paid $580M for 10% Hulu stake, valuing company at $5.8B  —  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, 21st Century Fox and Comcast's NBCUniversal …
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
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.
RELATED:
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.
Yoree Koh / Wall Street Journal:
NFL, Snapchat agree to multi-year partnership extension; NFL gets a Discover slot, will produce Live Stories for games; Snapchat will do most of ad-selling work  —  Football league to produce analysis, photos, videos for messaging app under extended partnership  —  The National Football League is huddling up with Snapchat Inc.
Tobias Burns / Hollywood Reporter:
Funny or Die is cutting about 37 staffers and closing its San Mateo office  —  New CEO Mike Farah is making changes.  Comedy website Funny or Die is cutting approximately 37 staffers and closing their San Mateo, Calif., office, a company spokesperson said Tuesday.
Discussion: Variety, Tubefilter and The Wrap
Janko Roettgers / Variety:
Instagram launches new “Stories” section, cloning Snapchat's Stories feature, with PewDiePie and other celebrities and social influencers onboard  —  Watch out, Snapchat: Instagram is gunning for you.  —  The Facebook-owned photo sharing service announced a major update Tuesday …
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: @raju
Garett Sloane / Ad Age:
Facebook is testing giving publishers the option to run fifteen-second mid-roll video ads in Facebook Live streams  —  Fifteen-Second Commercial Breaks Appear During Live-Streams  —  Facebook has started running tests of mid-roll video ads inside live video broadcasts from top publishing partners, the company confirmed Monday.
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: 
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
Discussion: The Next Web
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
Romain Dillet / TechCrunch:
Chinese mobile app and security software company Cheetah Mobile acquires France-based news aggregator startup News Republic for $57M
 Earlier Picks: 
Jeremy Barr / Ad Age:
Following Vice's lead, digital publishers like Ozy are signing TV deals
Discussion: @themehulpatel
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple is working on a smart doorbell system with advanced facial recognition that can wirelessly connect and unlock third-party smart locks

Kyle Wiggers / TechCrunch:
Donald Trump announces that Sriram Krishnan, until recently a general partner at a16z, will serve as senior policy advisor for AI at the White House OSTP

Financial Times:
Sources: Palantir and Anduril are in talks with OpenAI, SpaceX, and more to form a consortium to bid for US defense contracts and plan to announce it in January
 
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