Top News:
CNN:
New White House Communications Director Anthony Scaramucci stirs up internal tensions after wrongly labeling a story on his finances a “leak” and a “felony” — STORY HIGHLIGHTS — Washington (CNN)Anthony Scaramucci, the new White House communications director …
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Ryan Lizza / New Yorker:
Scaramucci ranted to me about a leak of dinner with Hannity and Bill Shine, a report about his financial disclosures, Priebus, Bannon, and leakers in general — He started by threatening to fire the entire White House communications staff. It escalated from there.
Discussion:
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Joe Pompeo / Vanity Fair:
Sources: NYT chief book reviewer and Pulitzer winner Michiko Kakutani is stepping down after nearly 40 years at the newspaper — Kakutani, who helped make the careers of writers from Foster Wallace to McEwan, and put fear in the hearts of Mailer and Vidal, will leave her post as one of the most formidable critics in the Times history.
Amazon.com:
Amazon reports Q2 revenue of $38B, up 25% YoY, as net income drops from $857M to $197M YoY; AWS revenue rose 42% YoY to $4.1B — Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2017. — Operating cash flow increased 37% to $17.9 billion …
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VentureBeat, MarketWatch, ZDNet, SiliconANGLE and The Verge, more at Techmeme »
Farhad Manjoo / New York Times:
BuzzFeed's Tasty, which makes most of its money from branded sponsor videos, starts selling a $149 app-connected cooktop as it looks to broaden revenue sources — We need to talk about overhead instructional videos of people making food. You know the ones I mean.
Discussion:
Recode, Forbes, Adweek, App Store, The Verge, Tubefilter, MacRumors, New York Magazine, Business Wire, Ubergizmo, The Next Web, Eater, TechCrunch and AppAdvice.com
Freddy Mayhew / Press Gazette:
Facebook boosts quarterly advertising revenue to $9.2B with mobile accounting for 87% — Facebook increased its quarterly advertising revenue by 47 per cent year-on-year to $9.2bn, new financial results show. — Advertising made up 98 per cent of the social network's total revenues …
Discussion:
Facebook, New York Times, Wall Street Journal and Adweek
New York Times Co.:
The NYT passed 2M digital-only news subscriptions in Q2, with revenue up 9.2% to $407.1M, and ad revenue increasing for first time since Q3 2014, by 0.8% — NEW YORK—(BUSINESS WIRE)— The New York Times Company (NYSE:NYT) announced today second-quarter 2017 diluted earnings per share …
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Micah Singleton / The Verge:
Google plans to merge Google Play Music with YouTube Red to create a new streaming service, YouTube's head of music Lyor Cohen confirmed — One service to cover everything (almost) — YouTube's head of music confirmed that the company is planning on merging its Google Play Music service …
Discussion:
RAIN News, Mashable, TechCrunch, @basche42, Engadget, BGR, ZDNet, AppAdvice.com, Ubergizmo, Android Police, Business Insider, MacRumors, Fast Company, hypebot and 9to5Google, more at Techmeme »
Austen Hufford / Wall Street Journal:
Comcast Q2 earnings: cable revenue rises 5.5% to $13.12B but the company lost 34K subscribers, up from 4K in Q2 2016, with cable ad revenue down 0.9% to $906M — Results boosted by success of ‘The Fate of the Furious’ — Comcast Corp.'s CMCSA -1.01% entertainment unit surged in the second quarter …
Discussion:
Multichannel News, TechCrunch, Hollywood Reporter, The Wrap, TVWeek.com, Multichannel News and Variety
Jessica Toonkel / Reuters:
Sources: marijuana magazine High Times is preparing to file for an IPO; parent company Oreva Capital is selling the magazine for $250M — (Reuters) - The publisher of iconic marijuana enthusiast magazine, “High Times,” plans to take the company public in the fall, two sources familiar …
Peter Kafka / Recode:
Sources describe Facebook's paywall plan: 10 free articles/month from a publisher before redirect to publisher's subscription site, with no cut for Facebook — Mark Zuckerberg says he doesn't want publishers' data, either. — Facebook says it wants to help publishers sell subscriptions.
Discussion:
Fast Company, more at Techmeme »
Michael Sheetz / CNBC:
Twitter's Q2 revenue of $574M beats expectations, but monthly active users remain flat at 328M; advertising revenue decreases 8% YoY to $489M; shares fall 8%+ — - Twitter posted better-than-expected EPS and revenue growth in its second-quarter earnings report.
Discussion:
Adweek, VentureBeat, PR Newswire, Forbes, The Verge, Axios, @hunterwalk, Mashable and TechCrunch, more at Techmeme »
Poynter:
Content analysis of Russia Today's FakeCheck shows it mixes dubious fact checks among legitimate ones, leading to unproven or poorly sourced conclusions — The number of fact-checking projects around the world is growing, but not every effort has been universally welcomed.
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