Top News:
Wall Street Journal:
Netflix reports Q2 membership growth of 5.2M, 1M less than forecast, and a profit of $384M, up from $65M last year; stock down 13% after hours — Video site blamed faulty internal forecasting, not business reasons like price increases — Netflix Inc. missed its own forecasts …
Discussion:
NPR, The Wrap, The Wrap, Gizmodo, New York Times, CNBC, Variety, Business Insider, CNNMoney and netflixinvestor.com, more at Techmeme »
Jeremy Barr / Hollywood Reporter:
FCC's Ajit Pai has “serious concerns” about Sinclair Broadcast Group's acquisition of Tribune Media, worried Sinclair has kept control of “divested” TV stations — Ajit Pai said he is concerned about so-called “side-car deals” that would allow Sinclair Broadcast Group …
Chaim Gartenberg / The Verge:
Roku unveils Roku TV Wireless Speakers that use company's Roku Connect platform to link-up with Roku-powered smart TVs over WiFi, coming in October for ~$200 — The first speakers to use the new Roku Connect platform are also Roku's first foray into the speaker market
Columbia Journalism Review:
Ecuador's new president encourages investigative journalism and pledges to reform the country's repressive Communications Law, but reporters still work in fear — Lenín Moreno, now the president of Ecuador, as a candidate in 2016. Photo: Agencia de Noticias ANDES/Micaela Ayala V/flickr.
Gene Maddaus / Variety:
Weinstein Co. Closes $289 Million Sale to Lantern Capital — A Texas private equity firm has closed its $289 million acquisition of the Weinstein Co., and will seek to revive the studio that was driven into bankruptcy by Harvey Weinstein's sex assault scandal.
Discussion:
The Wrap, Los Angeles Times, TVWeek.com, Hollywood Reporter, Dallas Morning News, Vanity Fair and IndieWire
Sarah Jeong / The Verge:
Inside the world of self-published romance on Amazon Kindle Unlimited, where authors collaborate and compete to game Amazon's algorithm — To cash in on Kindle Unlimited, a cabal of authors gamed Amazon's algorithm — On June 4th, a group of lawyers shuffled into a federal court in Manhattan …
Tom Rachman / The Atlantic:
The Daily Mail's incoming pro-Europe editor Geordie Greig, who replaces Paul Dacre, faces challenges grappling with the Mail's Brexiteer past and readership — The Daily Mail tabloid encouraged a vote for Brexit. Will a new, pro-Europe editor make readers change their minds—or unsubscribe?
Charles Preston / Committee to Protect Journalists:
Profile of Zachary Stoner, an independent music journalist and YouTuber in Chicago who covered the city's neglected black communities before being killed in May — I weighed the possibility of being killed for writing this. Seriously. I know that shedding light on or speaking …
Discussion:
@aaschapiro and @jessicajerreat
Julia Jacobs / New York Times:
Facing competition from streaming services like Netflix, Alaska's two Blockbuster stores close, leaving just one store in Bend, Oregon — The Blockbuster video store in Bend, Ore., stands steely and determined, defending itself against the expanding forces of digital streaming services like Netflix and HBO …
Discussion:
IndieWire
Liz Moyer / CNBC:
Sources: Comcast unlikely to make another bid for 21st Century Fox's movie and TV assets, focusing instead on a bid for UK's Sky TV — - Comcast was in a bidding war with Disney over movie and television assets owned by Twenty-First Century Fox. — Sources tell CNBC's David Faber …
Discussion:
Business Insider, Politico, Reuters, CNET and New York Post
Instapaper:
Pinterest to transfer ownership of Instapaper to Instant Paper, Inc., a new company owned and operated by the developers who have run Instapaper since 2013 — Today, we're announcing that Pinterest has entered into an agreement to transfer ownership of Instapaper to Instant Paper, Inc. …
Discussion:
Boing Boing, VentureBeat, Adweek, Engadget, MediaPost, @pkafka, The Verge, MacStories, TechCrunch and 9to5Mac, more at Techmeme »
Ian Burrell / The Drum:
The BBC's Local News Partnerships scheme generates 3,600 stories a month for its network of local papers, radio, TV stations, independent news sites and the BBC — The BBC has widened its definitions of national news to include such apparently mundane themes as potholes in the road …
Discussion:
HoldtheFrontPage and paulwiltshireblog
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