Top News:
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.
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Adweek, Variety, The Wrap, Ad Age, /Film, Wall Street Journal, Broadcasting & Cable, Mediaite, The Playlist, Fortune, MacRumors, The Verge, CNBC and Gizmodo
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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
Kim Masters / Hollywood Reporter:
Sources: CBS CEO Leslie Moonves faces allegations of sexual misconduct, uncovered in an investigation by Ronan Farrow to be published by The New Yorker — The CBS CEO, one of the most powerful men in Hollywood, is accused of unwanted kissing and touching in a New Yorker article set to be published Friday.
Discussion:
CNNMoney, Variety, @cnbcnow, Business Insider, TVWeek.com, Mediaite, New York Post, The Wrap, @cnbcnow, TVLine, @brianstelter, @yashar and @jasonlynch
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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 …
Discussion:
Broadcasting & Cable, Ad Age, @melsil and IndieWire
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:
The Guardian, Mashable, Variety, CNNMoney, TechCrunch, Mediaite, Gizmodo, Engadget, The Verge, Business Insider, The Hill, ThinkProgress, @sirsteven, @dellcam, @medialawprof, Fortune and Ad Age, 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:
Digiday, Ad Age, MediaPost, Bloomberg, The Drum, Fast Company, Hollywood Reporter, Axios, @twitterir, Recode and 9to5Google, more at Techmeme »
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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
Discussion:
VentureBeat, @twitterir, Wall Street Journal, @jonerlichman, @twitterir, @ranimolla, @raju and The Week, more at Techmeme »
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.
Discussion:
CNBC, Washington Post, Bloomberg, Android Police, @ibjiyongi, BloombergQuint, @profgalloway, @timobrien, Washington Post, @matthewjdowd, @yonatanzunger, @nicoleozer, @lizzadwoskin, @sarahfrier, Wall Street Journal, New York Times, @sarahfrier, @mikeisaac and @caseynewton, more at Techmeme »
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, Longreads, The Guardian, @dellcam, @amandalyngunn, @aetiology, New York Post, @drjengunter, @sincerelyash, @taffyakner, Refinery29, @anildash, @maggiekb1, @paulatics, @mikkipedia, @hollyhaunter, @ibogost, @_stefanijones, @eugenewei, @tomlevenson, @megjonesa, @payoletter, @emilybell and @craigsilverman
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:
Reuters, Publishers Weekly, Digiday, Talking Biz News, @delrey, Marketing Dive, Recode, MediaNama, TechCrunch, @mikeisaac, MediaPost, Recode, The Verge and CNNMoney, more at Techmeme »
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 …
Discussion:
Business Insider, /Film, Variety, BloombergQuint, @udiwertheimer and @tictoc, 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, CNNMoney, The Verge, Deadline, Variety, The A.V. Club, Broadcasting & Cable, /Film and Consequence of Sound
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 …
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.
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