Top News:
Steven Musil / CNET:
Facebook bans Alex Jones from using his account for the next 30 days after removing four of his videos for violating its community standards — Alex Jones, the founder, owner and star of conspiracy site Infowars has been suspended by Facebook — and may face harsher consequences.
Discussion:
Variety, The Guardian, Mashable, CNNMoney, Mediaite, TechCrunch, Business Insider, Engadget, The Verge, The Hill, ThinkProgress, Fortune, @sirsteven, @dellcam, @medialawprof and Ad Age, more at Techmeme »
Deadline:
Shareholders approve Disney's $71.3B purchase of much of 21st Century Fox — At special meetings held simultaneously in New York this morning, Disney and 21st Century Fox shareholders overwhelmingly approved the merger first proposed last December. — Disney said 99% of shareholders approved …
Discussion:
The Wrap, Broadcasting & Cable, Wall Street Journal, CNBC and ScreenRant
Yashar Ali / HuffPost:
Sources: Kimberly Guilfoyle left Fox News involuntarily following an HR investigation into allegations of inappropriate behavior — Sources tell HuffPost that Guilfoyle, who is dating Donald Trump Jr., engaged in emotionally abusive behavior and showed colleagues personal photos of male genitalia.
Discussion:
TVNewser, @lpolgreen, Contemptor, The Daily Caller and The Daily Beast
Hazel Cills / Jezebel:
Gwyneth Paltrow says Goop magazine's partnership with Conde Nast ended because of the latter's higher fact-checking standards; Goop is now hiring a fact-checker — Goop doesn't exactly have the best track record when it comes to recommending alternative ~* wellness *~ treatments.
Discussion:
New York Times, @pomeranian99, The Guardian, @dellcam, @amandalyngunn, @aetiology, @drjengunter, @sincerelyash, @taffyakner, New York Post, Ad Age, Refinery29, @anildash, @maggiekb1, @paulatics, @mikkipedia, @hollyhaunter, @ibogost, @_stefanijones, @eugenewei, @tomlevenson, @megjonesa, @payoletter, @emilybell and @craigsilverman
Janko Roettgers / Variety:
The Facebook stock drop foreshadows a potentially less profitable future as it relies more on video formats like Stories with a lighter ad load than News Feed — These days, everything seems to be going wrong for Facebook. The social networking giant is still reeling from the aftermath of the Cambridge Analytica privacy scandal.
Garett Sloane / Ad Age:
Amazon's advertising business hit nearly $2.2B in sales for Q2, up 132% YoY and on pace to do $4B-$5B this year, overshooting projections — Amazon's advertising business continued its ascent last quarter, hitting $2.2 billion in revenue, a growth rate outpacing even optimistic forecasts for the company.
Discussion:
Publishers Weekly, Reuters, Digiday, Talking Biz News, @delrey, Recode, @mikeisaac, TechCrunch, MediaNama, MediaPost, Recode, The Verge and CNNMoney, more at Techmeme »
Michelle Castillo / CNBC:
Twitter stock drops more than 17% after company reported a decline in monthly active users — - Monthly active users (MAUs): 335 million vs. 338.5 million, according to StreetAccount and FactSet estimate — Twitter shares plummeted 14 percent pre-market Friday after the company reported …
Discussion:
TechCrunch, Fast Company, Bloomberg, BloombergQuint, Hollywood Reporter, Axios, Recode, @twitterir, 9to5Google and 9to5Mac, more at Techmeme »
RELATED:
Paresh Dave / Reuters:
Twitter posts record Q2 profit of $100M, beats estimates on revenue of $711M, up 24% YoY, but monthly users fell by 1M from Q1 to 335M due to increased removals
Discussion:
VentureBeat, @twitterir, Wall Street Journal, The Week, @ranimolla, @jonerlichman, @twitterir and @raju, more at Techmeme »
Lesley Goldberg / Hollywood Reporter:
Comedy Central buys syndication rights for BoJack Horseman, a first for Netflix, which has retained worldwide exclusivity on its subsequent shows — The Viacom-owned cable network will be the linear home to the first five seasons of the Netflix comedy. — Netflix has sold its BoJack Horseman catalog.
Discussion:
The Wrap, @rwmead, Variety, CNNMoney, The Verge, Deadline, The A.V. Club, Broadcasting & Cable, /Film and Consequence of Sound
Brian Feldman / New York Magazine:
How one minor moderation move by Twitter was equated with the old concept of “shadow banning”, fueling some conservatives' claims of censorship and oppression — The concept of the “shadowban” has existed practically since the inception of the web forum.
Wall Street Journal:
Sources: DOJ probing whether TV station owners like Sinclair and Tribune broke antitrust law when sales teams talked with each other, possibly hiking ad rates — The DOJ's antitrust probe focused on communications of broadcasters' ad ales teams — The Justice Department …
Discussion:
Brookings, Bloomberg, Variety, The Drum, Slate, @keachhagey and TVWeek.com
Natasha Lomas / TechCrunch:
Facebook releases some of Canada-based AggregateIQ's targeted Brexit campaign ad data and ads in response to a Parliament committee investigating disinformation — The UK parliament has provided another telling glimpse behind the curtain of Facebook's unregulated ad platform by publishing data …
Discussion:
Dominic Cummings's Blog, @carolecadwalla, @carolecadwalla, @carolecadwalla, The Independent and @carolecadwalla
Shan Wang / Nieman Lab:
Profile of media company Hybrid and its growth from a blogging project to a network of news sites across Asia with 10M visitors per month — It recently passed 10 million unique visitors per month, and it's profitable: “We're not going to hire 50 reporters and a whole video crew and pump …
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