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11:35 AM ET, July 10, 2018

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 Top News: 
Issie Lapowsky / Wired:
YouTube says it will invest $25M in grants to news organizations looking to expand video operations as part of Google's larger $300M Google News Initiative  —  FOLLOWING A YEAR in which YouTube has repeatedly promoted conspiracy theory videos during breaking news events like the shootings in Parkland …
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YouTube Blog:
YouTube overhauls how it handles breaking news, adding previews of articles from credible sources, showing info from third parties, testing local news in TV app  —  The work of trusted journalistic organizations is as critical as ever, especially when it comes to seeking information about current events online.
Michelle Castillo / CNBC:   YouTube taps six popular YouTubers to teach teens about false news and is creating a group of news advisers including Vox Media, Brazil's Jovem Pan, India Today
Peter Kafka / Recode:
Excerpts from AT&T executive John Stankey's talk with HBO staff: “I want to see more investment in product and platform”  —  John Stankey had a lot to tell Richard Plepler and his team last month.  You can read (almost) all of it here.  —  Did the AT&T executive in charge …
RELATED:
Andrew Wallenstein / Variety:
Amid his controversial quotes about HBO, John Stankey committed to increasing the network's programming budget, in order to compete with Netflix globally
Discussion: The A.V. Club and VideoInk
Taylor Kate Brown / BBC:
A look at how the loss of local newspapers, combined with dwindling regional coverage, is affecting American cities like Boulder and Denver  —  In the past decade, hundreds of local US newspapers have closed or merged.  What happens to the communities they leave behind?
Discussion: The Rural Blog
Lloyd Grove / The Daily Beast:
NYT's Dean Baquet acknowledges that four stories in six days on Alan Dershowitz being “shunned” was too much: “We should have coordinated better and done fewer”  —  Even publicity-savvy, Alan Dershowitz is astonished at the flood-the-zone coverage that The New York Times …
Travis M. Andrews / Washington Post:
Billboard's latest record-breaking chart numbers reveal the challenges it faces in figuring out a streaming equivalent to an album purchase or a song download  —  Drake and Kanye West — two reigning kings of pop music — both flooded the American consciousness with music this summer in strikingly different manners.
Matthew Ball / @MediaREDEF:
Netflix's content spend is not reckless, its strategy to accrete paid users' leisure time gives it an edge over free content platforms like Facebook, YouTube  —  Even when underestimated, Netflix's ever-escalating, industry-leading content spend remains a point of fear and fascination in the media industry.
Freddy Mayhew / Press Gazette:
A reporter hired to cover local politics, as part of BBC's “Local Democracy” partnership with regional papers, was fired after complaint from local politician  —  A Local Democracy Reporter has been dismissed one month after being given the role in North Yorkshire following …
Shan Wang / Nieman Lab:
Newsletter startup Substack now has 11K paying subscribers, with revenue split between 10 medium-sized publications  —  On average, they're paying just under $80 per year.  About 40 or so indie publishers with paid offerings are making what Substack calls “meaningful money.”
Thanks:@nicolasmagand
Rishi Iyengar / CNNMoney:
WhatsApp is using newspapers to fight fake news in India, taking out full-page ads offering news literacy tips in leading English-language and Hindi titles  —  Here's why quitting Facebook is so hard  —  WhatsApp is using old media to tackle its misinformation problem in India.
Discussion: @aroondeep and Techdirt
Lesley Goldberg / Hollywood Reporter:
Reese Witherspoon's production company Hello Sunshine partners with AT&T to launch subscription channel on DirecTV, DirecTV Now, and U-Verse  —  Hello Sunshine, the actress/producer's production company, will have two unscripted series available on AT&T's DirecTV — for a monthly fee for current subscribers.
Discussion: @melsil
Jerry Dischler / Google:
Google expands use of machine learning for advertisers by launching Responsive search ads, Maximize lift for YouTube, and more  —  The ways people get things done are constantly changing, from finding the closest coffee shop to organizing family photos.  Earlier this year …
more at Techmeme »
 
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 More News: 
Todd Spangler / Variety:
Philo, a low-cost live-streaming TV service, has raised $40M Series C led by existing investors AMC Networks, Discovery, and Viacom
Meg James / Los Angeles Times:
LAT Executive Editor Norman Pearlstine names leadership team: Scott Kraft, Kris Viesselman, and Kimi Yoshino, who was suspended briefly under Lewis D'Vorkin
 Earlier Picks: 
Sam Forsdick / Press Gazette:
The BBC is experimenting with Instagram TV in an attempt to reach younger viewers, with one of its videos garnering ~60K views and 60 comments after a week
The New York Times Company:
Recode's Editor-at-Large Kara Swisher will begin contributing regularly to the New York Times' Opinion section beginning in August
Todd Spangler / Variety:
Turner Sports Names Hania Poole GM of Bleacher Report Live, SVP of NCAA Digital
Discussion: MediaPost and Multichannel News
Antoni Slodkowski / Reuters:
Myanmar court charges two jailed Reuters journalists for violating the Official Secret Act, moving case into trial stage after 6 months of preliminary hearings
 

 
From Techmeme:

Bloomberg:
Sources: Sony is in the early stages of developing a portable console for PS5 games, building on the PlayStation Portal, although its debut is likely years away

James Hunt / The Block:
MicroStrategy bought 55,500 bitcoin for ~$5.4B cash at an average price of $97,862 between November 18 and November 24, taking its holdings to ~386,700 bitcoin

Sarah Kessler / New York Times:
US coding boot camp graduates are facing a tough job market due to AI coding tools and mass layoffs; CompTIA: developer job listings are down 56% since 2019
 
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