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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.
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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 »


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


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


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


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.


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.
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Publishers Weekly, Reuters, Digiday, Talking Biz News, @delrey, Recode, @mikeisaac, TechCrunch, MediaNama, MediaPost, Recode, The Verge and CNNMoney, more at Techmeme »


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 …
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TechCrunch, Fast Company, Bloomberg, BloombergQuint, Hollywood Reporter, Axios, Recode, @twitterir, 9to5Google and 9to5Mac, more at Techmeme »
RELATED:

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 »


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


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.


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


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


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 …