Mediagazer: Time Inc. revenue slips to $769 million for Q2, down 1% YoY; the company expects to incur $35 million in costs related to ongoing reorganization (Jeremy Barr/Ad Age)

1:55 PM ET, August 4, 2016

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Brian Stelter / CNNMoney:

Murdochs confirm that Fox News will retain its current voice, preserving Roger Ailes' conservative view of the world — The Murdochs are sidestepping many of the questions swirling around Fox News in the wake of Roger Ailes' resignation. But they're being clear about one thing: Fox will retain Ailes' conservative view of the world.

Discussion: Media Matters for America, FishbowlNY, @brianstelter, @brianstelter and @jimcramer

Reuters:
21st Century Fox reports slightly better-than-expected Q4 results with net profit of $567M and revenue of $6.65B, up 7% YoY

Discussion: Broadcasting & Cable, Fortune, The Wrap, Politico, Fortune, @leonlazaroff, @victoriacraig, @richbtig, 21cf.com and USA Today

New York Times:
Sources: internal investigators of sexual harassment allegations against Roger Ailes also examining whether other Fox News executives knew of improper behavior

Discussion: Vanity Fair, Talking Points Memo, Fortune, Los Angeles Times, @nytimesbusiness, USA Today, Columbia Journalism Review, @mbrauchli, @danprimack, @gabrielsherman, LawNewz, @davidfolkenflik, @davidfolkenflik, @owillis, @ericboehlert, @davidfolkenflik, @tvnewser and @brianstelter

Peter Sterne / Politico:

Tronc is splitting into two separate business units for reporting purposes, troncM for media and troncX for exchange — Former Tribune Publishing will be broken into troncX and troncM — Tronc, formerly Tribune Publishing, is splitting itself into two separate business units for reporting purposes …

Discussion: @markmilian, @polly, @jtuohey21, @politico_media, @petersterne, @jamesliamcook, @raju, @mylesudland and @brianstelter

Brian Flood / The Wrap:
Tronc, formerly called Tribune, reports Q2 revenue of $405M, down 1.8% YoY

Discussion: FishbowlNY, Nieman Lab, tronc, inc., Poynter, @daviduberti, @petersterne, @daviduberti, Reuters and Politico

WGBH News:

In memo, Boston Globe editor Brian McGrory lays out plans for digital reinvention, asks how the paper can behave more like a startup, predicts layoffs — The Boston Globe has enlisted its newsroom's help in its ongoing reinvention, according to a memo from Editor Brian McGrory …

Discussion: @universalhub, @dankennedy_nu, @poynter, @abtran, @tothevictor, @paulwiltshire, @benmullin and @kadzis

Tom Dotan / The Information:

Sources: Snapchat's making new type of ad where users scan barcodes or other images to unlock sponsored content in app; one source says a fall rollout expected — Snapchat is working on a new type of ad that would allow people to use their smartphone cameras to unlock special sponsored content in the app.

Discussion: @taylorlorenz, @scottstanchak, @theinformation and @amir

Max Willens / Digiday:

How Breaking Media has built a sustainable business platform with a limited audience, growing revenue 25-30% in each of the past 5 years — Digital publishing can look like an ecosystem where only the biggest can survive. But not everybody is doggedly chasing scale.

Discussion: @jweb, @dbenk, @justin_b_smith and @digiday

Shan Wang / Nieman Lab:

Google is planning to make AMP links more prominent in its mobile search results, which could boost traffic to news sites — Still debating whether to make your #content AMP-compliant? Google is giving you by far your biggest nudge yet, and this one goes well beyond publishers.

Discussion: Digiday, @rosental, @dubois, @richardgingras, @ftrain, @niemanlab, BetaNews, @niemanlab and The Tech Portal

Jeremy Barr / Ad Age:

Time Inc. revenue slips to $769 million for Q2, down 1% YoY; the company expects to incur $35 million in costs related to ongoing reorganization — Time Inc. revenue slipped to $769 million in the second quarter, down 1% from the period a year earlier, the publisher said as it reported results on Thursday.

Discussion: NetNewsCheck Latest and Fortune

Tamar Wilner / Columbia Journalism Review:

With key new hires, Texas Tribune continues to reach beyond political insiders — When talk turns to nonprofit journalism success stories, a few names tend to pop up—and the Texas Tribune is usually one. Launched in 2009, the Austin-based news outlet now boasts $6.5 million in annual revenue …

Discussion: @amzam, @evanasmith, @eramshaw, @rosental, @mairalg, @laurencemiall and @jasonalcorn

Janko Roettgers / Variety:

Vevo Strikes Distribution Deal with Warner Music Group — Vevo is getting ready to fill a major gap in its catalog: The music video platform announced a licensing deal with Warner Music Tuesday, which will allow it to carry videos from Warner artists like Bruno Mars and Charli XCX.

Discussion: Techdirt, Wall Street Journal, CNET, Recode, Billboard and Engadget

Shan Wang / Nieman Lab:

The nonprofit Austin Monitor, a city-focused news site with close to 1,300 subscribers, extends its reach with event and content partnerships — Publisher Mike Kanin and editor-in-chief Elizabeth Pagano, the only two full-time employees at the hyperlocal Texas capital news site the Austin Monitor …

Discussion: Medium and @digitalamysw

David Uberti / Columbia Journalism Review:

Jeff Zucker's defense of CNN's Corey Lewandowski is a textbook example of false balance and erodes the reputation of a “legitimate” news organization — In a rosy profile published Tuesday by Variety, “How Jeff Zucker Made CNN Great Again,” the network chief leveled …

Discussion: Media Matters for America, Politico, New York Times, FTVLive, Media Matters for America, Independent Journal Review, TVNewser, @daviduberti, @mlcalderone and @mariliajuste

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 …