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2:55 PM ET, July 28, 2018

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 Top News: 
Ronan Farrow / New Yorker:
Six women accuse CBS CEO Leslie Moonves of harassment, intimidation, and assault between 1980s-2000s; dozens more describe a culture of harassment  —  Six women accuse the C.E.O. of harassment and intimidation, and dozens more describe abuse at his company.
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Cynthia Littleton / Variety:
CBS board says it will investigate the allegations against Moonves and notes the timing of claims, amid legal battle with National Amusements  —  The CBS Corp. board of directors will investigate allegations of sexual misconduct that are to be raised against CEO Leslie Moonves in a report …
Dade Hayes / Deadline:
Shareholders approve Disney's $71.3B purchase of much of 21st Century Fox  —  UPDATED with official comment from the companies.  At special meetings held simultaneously in New York this morning, Disney and 21st Century Fox shareholders overwhelmingly approved the merger first proposed last December.
Mark Brown / The Guardian:
Study: movies with the emotional arc of “man in a hole”, a fall followed by a rise, result in box office success irrespective of genre and budget  —  ‘Man in a hole’ story arc - a fall followed by a rise - found to be most commercially successful
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.
Tony Romm / Washington Post:
White House confirms it is working on a consumer privacy policy proposal; sources: WH had 22 meetings with 80 organizations including Facebook, Google, and AT&T  —  The Trump administration is crafting a proposal to protect Web users' privacy, aiming to blunt global criticism that the absence …
Claire Boston / Bloomberg:
SEC filing: MoviePass ran out of money and couldn't cover the bills causing service outage on Thursday, had to take out short term $6M+ loan due in early August  —  Helios and Matheson Analytics Inc., the parent company of MoviePass, received a short-term loan for more than $6 million …
Joe Pompeo / Vanity Fair:
A look at the NYT's The Daily: Michael Barbaro's sudden fame, how the podcast came to be, and its future evolution in local markets and other media  —  He's the star of the Times's most promising new-media franchise.  But will his success eventually carry him away from 620 Eighth Avenue?
Discussion: RAIN News
Natalie Jarvey / Hollywood Reporter:
Viacom to acquire youth-focused digital media company AwesomenessTV; sources say for $25M plus debt, well below AwesomenessTV's $650M valuation in 2016  —  The deal, which sources say also includes the assumption of some debt, is significantly lower than the $650 million valuation that Awesomeness had in 2016.
Michelle Castillo / CNBC:
Twitter closes down more than 20% after company reports 1M QoQ 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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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
 
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 More News: 
Wall Street Journal:
Inside the executive feuds at Univision over CEO performance, digital strategy, programming, and more as the company prepared for a reorganization and job cuts
Douglas Busvine / Reuters:
Facebook says it got 1,704 complaints and removed 262 posts in January-June under Germany's hate speech law, which warns of up to €50M fines for non-compliance
 Earlier Picks: 
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
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
Maria Dinzeo / courthousenews.com:
NYT lawyer warns judges prosecuting Julian Assange for publishing leaked documents on the 2016 election would make distinguishing between NYT and WikiLeaks hard
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November
 
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