Mediagazer: Meredith Q4: $16.7M earnings vs $43.4M in Q4 2017; revenue of $788.1M vs $445.4M in Q4 2017; plans to complete sale of Time, Fortune, SI in coming months (Meredith Corporation)

10:30 AM ET, August 10, 2018

Top News:

Greg Roumeliotis / Reuters:

Sources: Donerail Group, led by former Starboard Value LP executive Will Wyatt, is in advanced talks to acquire Tronc — (Reuters) - Donerail Group, an investment firm led by former activist hedge fund Starboard Value LP executive Will Wyatt, is in talks to acquire Tronc Inc (TRNC.O) …

Discussion: Chicago Tribune, @chicagotribune, CNNMoney, New York Post, @alexparker, @lynnemarek and @gerryfsmith

Wallace Witkowski / MarketWatch:
Tronc reports Q2 revenue of $253M, up 3.9% YoY and net loss of $15.1M

Discussion: Reuters, Business Insider, MarketWatch and @lynnemarek

Oliver Darcy / CNNMoney:

Analysis of Infowars Twitter content shows videos that led to YouTube and other bans were still live, while other tweets showed more Twitter rules violations — Why Facebook,YouTube and Apple are removing InfoWars content — Twitter's vice president for trust and safety, Del Harvey …

CNNMoney:

Laura Ingraham's remarks about “massive demographic changes” fed into pattern of white nationalist ideas at Fox News, raising questions about Murdochs' stance — Fox News host addresses controversial comments — It wasn't so much a dog whistle as it was an airhorn. Or perhaps a primal scream.

Discussion: CNN, Deadline, @juddapatow, Business Insider, Quartz, @brianstelter, @davidklion, @joshscampbell, @nadinevdvelde, HuffPost, The Daily Beast, Mediaite, HuffPost, TV Tattle, Media Matters for America and The Wrap

Richard Allan / Facebook:

VP of policy details Facebook's limits to free speech: physically or financially endangering people, intimidating via hateful words, tricking people for profit — Hard Questions is a series from Facebook that addresses the impact of our products on society.

Discussion: New York Times, @arischulman, TechCrunch, Fortune, @mekosoff, @jfruh, @max_read and @cwarzel, more at Techmeme »

Max Fisher / New York Times:
After treating Facebook-fueled violence as occurring only in developing countries, the company now finds wealthier places aren't immune from hate speech issues

Discussion: Peter O'Kelly's Reality Check, @niemanlab, Marketing Land, Nieman Lab, @splcenter, @sharonwaxman, @amelia_acker, @rasmus_kleis, @raeuberhose, @samarajiva, @rajit_h, @max_fisher, @jjvincent, @ericeweir, @kellyriess and BuzzFeed News

Jeffrey A. Trachtenberg / Wall Street Journal:

Condé Nast CEO outlines plan for growth: diversify revenue away from ads, shed titles, cut staff; says company is studio shopping to help boost video efforts — Owner of magazines including Vogue, Vanity Fair wants to diversify revenue away from advertising, shed some titles

Discussion: New York Post, @mplsgilyard, @mwityk, @erik_hayden and Daily Front Row

Meredith Corporation:

Meredith Q4: $16.7M earnings vs $43.4M in Q4 2017; revenue of $788.1M vs $445.4M in Q4 2017; plans to complete sale of Time, Fortune, SI in coming months — Full Year Revenues Increase More Than 30 Percent to Over $2.2 billion — Digital Business Generates Record Traffic and Financial Performance, Led by People.com

Discussion: @alexweprin

Alex Hardiman / Facebook:

Facebook continues to test ways to deliver developing news; latest test lets publishers connect story updates, with readers getting notified of new content — By Alex Hardiman, Head of News Products — On June 23, 2018, floodwaters suddenly trapped a team of teenage soccer players who'd been exploring a cave complex in Thailand.

Jason Schwartz / Politico:

Amid Trump's anti-media rhetoric and after the Capital Gazette shooting, TV and print media outlets increase security, including adding bodyguards at rallies — TV networks are employing security guards at the president's high-octane rallies. — Notebooks, mics, cameras, hairspray …

Discussion: @philmeyer, @ewstephe and The Daily Caller

New York Times:

As small papers report more layoffs because of Trump's tariffs on Canadian newsprint, one study says US newsprint prices will rise 30%+ in one to two years — WASHINGTON — The Trump administration's decision to impose tariffs on Canadian newsprint is hastening the demise of local newspapers across …

Discussion: @sulliview, Wisconsin Newspaper …, @spsullivan, @invw, @brettdl and @dangillmor

Elizabeth Spiers / Washington Post:

The former EIC of NY Observer says Jared Kushner's demand that an IT worker delete several stories fits with the Trump family's hostility to journalism — I was editor in chief of the New York Observer when he allegedly had stories removed from the digital archive in secret.

Discussion: @netaustin, @davidpriess and @espiers

Tribune Media Investor Relations:

Tribune Q2 results: revenue rose 4% YoY to $489.4M, net income rose to $84.4M, up from a net loss of $30.4M in Q2 2017 — Tribune Media Company (NYSE: TRCO) (the “Company") today announced that it has terminated its merger agreement (the “Merger Agreement") with Sinclair Broadcast Group …

Discussion: Axios, Gothamist, Techdirt and TechCrunch

Charles Riley / CNNMoney:
Tribune calls off its $3.9B merger with Sinclair, sues Sinclair for breach of contract, seeking $1B in damages

Discussion: Chicago Tribune, Chicago Business, @trickfreee, Broadcasting & Cable, Peter O'Kelly's Reality Check, Free Press, TVNewser, @lynnemarek, @hadas_gold, Media Matters for America, Mediaite, @repmikequigley and @senblumenthal

Dave McNary / Variety:

Lionsgate tops estimates in Q2 with a loss of $7.9M on revenue of $932.7M, announces agreements to launch Starzplay channels in France, Italy, and Spain — Lionsgate has topped Wall Street estimates by reporting a loss of $7.9 million, or 4 cents per share fully diluted …

Discussion: MediaPost, The Wrap, Deadline, Hollywood Reporter and The Wrap

Erik Wemple / Washington Post:

Sources: 60 Minutes producer Michael Radutzky screamed at colleagues, threw objects, twisted colleague's arm as executive producer Jeff Fager tolerated conduct — In June 2007, “60 Minutes” senior producer Michael Radutzky stepped forward at a Peabody Awards ceremony to accept recognition …

Discussion: @postopinions, @washingtonpost and TV Tattle

Archived Page Info:

This is a snapshot of Mediagazer at 10:30 AM ET, August 10, 2018.

View the current page or another snapshot:

Who's Hiring in Media?

Accounting Specialist Editor, Remote US — Reuters

Senior Correspondent - Wealth, NY — WSJ

Asia Credit Reporter, Seoul — Bloomberg

Senior Social Media Specialist, NC — espnW

Associate Editor - Aviation, TN — Firecrown

Assistant Editor - Digital, NC — SBJ

Video Producer - YouTube, NY — Morning Brew

Senior Managing Ed. - Daily Desk — The Athletic

Multimedia Journalist, CA — Paramount

Content Managing Editor — Freedom Forum

Editor, MA — Nieman Reports

Team Editor - Breaking News, ON — Toronto Star

Senior Reporter & Event Host, NY/CA — Newcomer

Associate Editor, Remote — Tech Policy Press

Retail Reporter, MN — Star Tribune

Managing Ed. - Berks County, PA — Spotlight PA

News Editor - UK, Remote — The Verge

News Reporter, MA — Berkshire Eagle

Multimedia Journalist, PA — Observer-Reporter

Service Journalism Editor, CA — Sacramento Bee

Content Director, Remote — Campaigns & Elections

Los Angeles Issues Reporter, CA — CalMatters

Reporter - Middle East — Rest of World

Executive Editor, OR — Lookout Local

California Playbook Writer, CA — Politico

Senior Media Editor — Digiday

National Investigative Reporter, NY — HuffPost

Lexington County Reporter, SC — The State

Reporter - Offshore Wind — Canary Media

General Assignment Reporter, FL — County Record

Staff Reporter, CA — Daily Kos

Data Editor, NY — ProPublica

Add your company here

See Also:

Mediagazer: site main

Mediagazer River: reverse chronological Mediagazer

Mediagazer Mobile: for phones

Mediagazer Leaderboard: Mediagazer's top sources

Subscribe:

Mediagazer RSS feed

Mediagazer on X

Mediagazer on Mastodon

More News:

BBC:
Sky News Australia is removed from Melbourne train stations by Victoria state officials after Sky airs an interview with Nazi sympathizer Blair Cottrell

Discussion: @jacintaallanmp, ABC, NEWS.com.au, The Guardian, The Guardian and iMediaEthics

Lukas I. Alpert / Wall Street Journal:
News Corp beats estimates with revenue of $2.69B, a 29% increase YoY, reports net loss of $372M attributable to shareholders, in part due to Foxtel transaction

Discussion: Sydney Morning Herald, News Corp and Reuters

Ali Breland / The Hill:
Microsoft Azure threatened to block microblogging site Gab.ai if two posts from a neo-Nazi were not removed within 48 hours; the author then removed the posts

Discussion: @johnpaczkowski, Fortune, Engadget, The Daily Caller and @mmasnick, more at Techmeme »

Christine Schmidt / Nieman Lab:
The Wall Street Journal has revamped its newsletters, whittling from 126 to about 40, trimming length, adding subscription requests, and improving interactivity

Discussion: @fpmarconi, @rwhelanwsj, @anotherhelen, @whatthebit and @steverubel

Shan Wang / Nieman Lab:
Interview with Karin Pettersson, Schibsted's director of public policy, on her new role and the publication's relationship with Google and Facebook

Discussion: @ab_karin, @georgdiez1, @niemanlab, @jayrosen_nyu and @rasmus_kleis

Earlier Picks:

Chaim Gartenberg / The Verge:
Samsung and Spotify partner to build Spotify's services into smartphones, Bixby, and other Samsung devices

Discussion: Rolling Stone, Complete Music Update, @spotifynews, The Drum, Music Business Worldwide, @jwangark, newsroom.spotify.com, Variety, CNBC and @spotify, more at Techmeme »

Lincoln Pigman / New York Times:
Authorities in Belarus detained at least 18 journalists, accusing them of illegally obtaining information from a state news agency; six have been released

Discussion: @rferl, @pressfreedom, @pressfreedom, @article19europe, @europeangreens, @solidaritycntr, @franksesno, @pressfreedom, Politico, Washington Post, Associated Press, Radio Free Europe/Radio …, The Irish Times and Reuters

Ken Bensinger / BuzzFeed News:
Shareholders sue Televisa, alleging the media giant used a subsidiary to pay FIFA bribes to win broadcast rights to the World Cup in 2018, 2022, 2026, and 2030

Discussion: @kenbensinger and @kenbensinger

From Techmeme:

Bloomberg:
Sources: Canadian authorities arrest Alexander “Connor” Moucka, who is allegedly behind the June and July 2024 hacks of up to 165 Snowflake users including AT&T

Juli Clover / MacRumors:
iOS 18.2's second developer beta shows a “daily limit” for free access to “advanced” ChatGPT via Siri and an option to upgrade to ChatGPT Plus in Settings

Mark Gurman / Bloomberg:
Sources: Apple is exploring a push into smart glasses by conducting an internal study, codenamed Atlas, to gather employee feedback on products on the market

Sister Sites:

Techmeme
Top news and commentary for technology's leaders, from all around the web

memeorandum
What US political commentators are discussing online right now

WeSmirch
The top celebrity news from all around the web on a single page