Top News:
Jacob Kastrenakes / The Verge:
Disney to end Netflix film distribution deal in 2019, will launch ESPN streaming service in 2018 and Disney streaming services in 2019 — Disney will end its distribution deal with Netflix and launch its own streaming service, the company announced today. It intends to launch the service in 2019.
Discussion:
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The Walt Disney Company:
Disney will pay $1.58B to acquire additional 42% stake in BAMTech, making it a majority stakeholder — The Walt Disney Company announced today that it has agreed to acquire majority ownership of BAMTech, LLC and will launch its ESPN-branded multi-sport video streaming service in early 2018 …
Discussion:
Forbes, NPR, FierceCable, Financial Times, The Walt Disney Company, TechCrunch, BetaNews, TechCrunch, Fortune, CNBC, The New York Observer, The Hill, GeekWire, LAist, Gizmodo, The Verge, @mattzeitlin and The Week, more at Techmeme »
Cynthia Littleton / Variety:
Disney's Iger: strategic shift to streaming is both a defensive and offensive move that will include sacrifices, but is ultimately a better model — Disney is ready to deploy some of the company's crown jewels — Disney- and Pixar-branded movies and ESPN — in an effort to position itself …
Discussion:
Ad Age, The Verge, The Guardian, The Week and Wall Street Journal
Georg Szalai / Hollywood Reporter:
Tribune Media reports a Q2 loss of $30.4M, compared with a year-ago loss of $161.6M, and quarterly revenue dropping 2% to $469.5M — Programming costs at the firm, which Sinclair has agreed to buy, rose, including $20 million of “additional expense related to the strategic shift toward …
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Sydney Ember / New York Times:
Sinclair's bid to buy Tribune Media draws opposition from advocacy groups, Dish Network, and conservative outlets including Newsmax, OANN, and The Blaze — The Sinclair Broadcast Group's proposed acquisition of Tribune Media has ignited expected opposition from left-leaning advocacy groups …
Discussion:
Free Press, @melbournecoal, HuffPost and Media Matters for America
Greg Sargent / Washington Post:
President Trump continues tweeting against The Washington Post and The New York Times in apparent effort to delegitimize outside sources of information — THE MORNING PLUM: — In recent days, President Trump has escalated his assaults on the “Fake News” media and other institutions …
Franklin Foer / The Atlantic:
Franklin Foer, former editor of the New Republic, on Facebook co-founder Chris Hughes' failed attempt to turn around the magazine's fortunes — Chris Hughes was a mythical savior—boyishly innocent, fantastically rich, intellectually curious, unexpectedly humble, and proudly idealistic.
David McCabe / Axios:
Techdirt receives $250K+ from a group of wealthy backers, including Craig Newmark, to support its legal battle with Hulk Hogan's lawyer Charles Harder — An eclectic group is financially backing TechDirt, a tech news site being sued for libel by the same lawyer who who helped take down Gawker.
Discussion:
@jackshafer
David Uberti / Splinter:
Breitbart names a NYT reporter working on story about government secrecy, lists those who received email from her, and says the reporting demonstrates collusion — Wow, a true shocker. Breitbart's Washington political editor, Matthew Boyle, let the New York Times have it in his lede:
Melody Kramer / Poynter:
Interview with Jacob Hoffman-Andrews, EFF's senior staff technologist, on increasing user trust by decreasing the use of third-party trackers — Last year, Steven Englehardt and Arvind Narayanan at Princeton University looked at the top 1 million sites on the internet and found …
Discussion:
Journalism.co.uk
Dallas Morning News:
Belo, parent of Dallas Morning News, says it will outsource much ad creation and production work to Gannett, resulting in 45 layoffs — A. H. Belo Corporation, parent of The Dallas Morning News, announced plans Friday to outsource much of its advertising creation and production work to the parent of USA Today.
Discussion:
@nbj914 and News & Tech
Chris Ariens / Adweek:
Bloomberg to launch management consultancy unit using data from terminals, research arms, and analysts, will charge businesses $150K-$200K/month — Tapping its deep resources to provide consulting services for businesses — Bloomberg is leveraging its vast reach in financial data …
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