Mediagazer: How Fox News rushed to publish a story about Seth Rich that it later retracted, with key source and Fox News pundit Rod Wheeler later suing the network (Oliver Darcy/CNNMoney)

9:20 PM ET, August 10, 2017

Top News:

Brian Stelter / CNNMoney:

CNN cuts ties with commentator Jeffrey Lord after he replies “Sieg Heil!” in a Twitter discussion with the president of Media Matters for America — CNN severed ties with Jeffrey Lord on Thursday, hours after he ignited controversy by tweeting the words “Sieg Heil!” at a prominent liberal activist.

Oliver Darcy / CNNMoney:

How Fox News rushed to publish a story about Seth Rich that it later retracted, with key source and Fox News pundit Rod Wheeler later suing the network — This is why the Seth Rich conspiracy won't disappear — For more than two months, Fox News has declined to explain the story behind …

Discussion: @matthewnussbaum, @sulliview, @ehananoki, @matthewnussbaum, @oliverdarcy and @oliverdarcy

Jeremy Barr / Hollywood Reporter:

Bill O'Reilly debuted a 30-minute online news show for paid subscribers on Wednesday night, made available for free on Thursday — The ousted Fox News host has debuted an experimental, 30-minute-long online news show for paid subscribers. — It's not Fox News, but it'll do for now.

Discussion: Bill O'Reilly, CNNMoney, Variety, @billoreilly, The Wrap, TVWeek.com, Deadline, Fast Company, Mediaite, The Wrap, The Hill, The New York Observer, @jeremymbarr and @jeremymbarr

Peter Kafka / Recode:

Under terms of proposed new funding deal for SoundCloud, former Vimeo CEO Kerry Trainor would replace Alex Ljung as CEO, who would stay on as chair of the board — Investors want to replace founder Alex Ljung with former Vimeo CEO Kerry Trainor. — Investors want to replace the CEO of SoundCloud …

Discussion: Business Insider, more at Techmeme »

Dan Primack / Axios:

Memo: SoundCloud asks investors to approve reorganization proposal, if accepted, new $170M round will close Friday at pre-money valuation of $150M — Tomorrow is do or die for SoundCloud, the struggling streaming music company that recently laid off 40% of its staff despite having raised over $230 million in venture capital.

Discussion: The Verge, Variety, The FADER, @rmac18, TechCrunch, @joshsternberg and @danprimack, more at Techmeme »

Georgia Wells / Wall Street Journal:

Snap reports Q2 revenue of $182M vs. $186.8M expected, DAUs grow 7.3M vs. 8M expected, reaching 173M, and loss grows to $443M; stock down 16%+ after hours — Snapchat's parent hurt by intensifying competition from larger rival Facebook — Snap Inc. on Thursday said its loss nearly quadrupled …

Discussion: Digiday, The Wrap, The Wrap, @kurtwagner8, TechCrunch, Adweek, Variety, TechCrunch, Forbes, Bloomberg, @nytmedia, New York Times, Recode, Fortune, Business Wire and AdExchanger, more at Techmeme »

Sara Fischer / Axios:

BuzzFeed's live Twitter morning show, premiering September 25 and called AM to DM, will aim to break news in real time — BuzzFeed's live Twitter morning show — premiering September 25 and called “AM to DM” — will aim to break news in real time in a way that's like television, but produced for digital audiences and consumption.

Discussion: Variety and Broadcasting & Cable

Steven Perlberg / BuzzFeed:

Profile of Josh Raffel, a 33-year-old White House spokesman who handles PR for Jared Kushner and Ivanka Trump — When reporters are working on stories that involve Jared Kushner and Ivanka Trump, they hear from Josh Raffel, a tough, former New York City flack now inside the White House.

Todd Spangler / Variety:

Adam Ostrow, Mashable's chief strategy officer and board member, leaves to become chief digital officer for local broadcasting and media company Tegna — Tegna, the local TV broadcasting and media company that spun out from Gannett, has hired Adam Ostrow — who was the second employee hired …

Discussion: Broadcasting & Cable, TVSpy and Radio & Television …

Andrew Wallenstein / Variety:

Leaked email: HBO offered hackers who stole scripts, shows, and employee info a $250K bug bounty; source says the message was an HBO stalling tactic — The HBO hacker has struck yet again. — Variety has obtained a copy of another message released Thursday by the anonymous hacker …

Discussion: Business Insider, Hollywood Reporter, The Verge, Decider and Mashable

Amy Caren Daniel / Reuters:

News Corp misses Q4 targets with a net loss of $430M and revenue of $2.08B, down 7% YoY, with print ad revenue down 12% and subscription revenue down 9% YoY — (Reuters) - News Corp (NWSA.O) reported fourth-quarter revenue that missed estimates as the owner of the Wall Street Journal was hurt by decling demand for print advertising.

Discussion: News Corp, CNBC and Talking Biz News

Tom Kludt / CNNMoney:

ABC News paid $177M+ to settle “pink slime” lawsuit earlier this year according to earnings report from network's parent company Disney — ABC News made an historically large payout to settle a defamation lawsuit earlier this summer, according to a new financial release …

Discussion: TVWeek.com, Boing Boing, The Wrap, @brianstelter and TVNewser

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Anthony Ha / TechCrunch:
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Discussion: @techcrunch, @maxwillens and @benkaufman

David Uberti / Splinter:
61% of BuzzFeed News staffers identify as white, down from 69% two years ago, while the number of Hispanic employees has stagnated, according to company data

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Elizabeth Elizalde / New York Daily News:
Anthony Scaramucci says Ryan Lizza recorded their conversation without his consent, though in New York it is legal to do so

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Somini Sengupta / New York Times:
Alison Smale, a veteran correspondent and editor at The New York Times, is named under secretary general for global communications at the United Nations

Discussion: Fortune, The United Nations, @liamstack and @rickgladstone

Charlie Warzel / BuzzFeed:
A lab test of Infowars supplements reveals they are more or less accurately advertised, reasonably safe, and heavily overpriced, with few if any health benefits

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Max Willens / Digiday:
Quartz sees 90% renewal rate for branded content by providing tech assistance and insights, has executed 540+ campaigns for 150+ brands in past five years

Matt Pearce / Los Angeles Times:
The ACLU files a free speech suit on behalf of Milo Yiannopoulos, arguing that the DC transit system violated the 1st Amendment by removing ads for his new book

Discussion: @profcarroll, @mattdpearce, @mattdpearce, @mattdpearce, @boreskes, @laura_nelson and @ggreenwald

Earlier Picks:

Cory Haik / Recode:
Mic publisher describes how new mixed-media formats in social video deliver news in a compelling way, sees future as evolution of text more than pivot to video

Discussion: @rafat, @lauraelizdavis, @thetomasrios, @emersongreg, @vanessaw, @dhiyakuriakose and @brontegirl

Galen Stocking / Pew Research Center:
Pew report: 61% of digital-native news outlets have iOS or Android apps, 97% offer newsletters, and only 25% have an official Snapchat channel or account

Erik Wemple / Washington Post:
The New York Times corrected a story on a new federal climate change study after initially suggesting the Trump administration was stifling a damaging draft

Discussion: Media Nation, Mother Jones, Business Insider, CleanTechnica, The Wrap, Splinter, Refinery29, The Daily Caller, Fox News Insider, Daily Mail, New York Times, AFF, The Verge, @erikwemple, @max_read, @jbrodkin and Axios

Brooks Barnes / New York Times:
Most analysts applaud Disney's streaming plans, as questions remain about pricing, effects on Netflix and cable operators, and Disney's content costs

Discussion: Quartz, Forbes and TechCrunch, more at Techmeme »

Josh Constine / TechCrunch:
Facebook introduces Watch, its redesigned video section for original content, with producers earning 55% of ad revenue, rolling out Thursday

Rick Edmonds / Poynter:
GateHouse owner New Media Investment Group buys Morris Publishing Group for $120M; deal includes 11 daily newspapers, 30 weeklies, and various online assets

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From Techmeme:

Chance Miller / 9to5Mac:
White House Press Secretary Karoline Leavitt says that President Trump “believes” the US has the labor, workforce, and resources to build iPhones in the US

Will Canny / CoinDesk:
Ripple agrees to acquire prime brokerage Hidden Road for $1.25B; Hidden Road plans to use Ripple's RLUSD stablecoin as collateral across its platform

Ben Weiss / Fortune:
Internal memo: the US DOJ disbands the National Cryptocurrency Enforcement Unit, established by Biden in 2021, as the agency is “not a digital assets regulator”

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