Top News:
Sara Fischer / Axios:
While the Tribune-Sinclair deal is off, smaller local TV deals are still in the works, part of a broad media consolidation trend — Changes in decades-old broadcasting rules, combined with new types of competition in news and entertainment, are creating a drama-filled free-for-all as local U.S. broadcasters consolidate.
Discussion:
@davemorgannyc, Peter O'Kelly's Reality Check, Engadget, TechCrunch, The Daily Caller and CNNMoney
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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.
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The Atlantic, CNN, Mediaite, Vox, @juddapatow, Deadline, @brianstelter, Business Insider, Washington Post, Hollywood Reporter, @davidklion, HuffPost, Quartz, @joshscampbell, @nadinevdvelde, The Daily Beast, HuffPost and TV Tattle
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 …
Discussion:
Nieman Lab, Ad Age, Publishers Weekly, Vanity Fair, CNBC, Slate, Variety, infowars.com, @laurahazardowen, Fortune, The Guardian, The Verge, The Hill, Fast Company, @oliverdarcy, @oliverdarcy, @noahshachtman, @joshconstine, @oliverdarcy, TechCrunch, @sdkstl, @slpng_giants, @aliasvaughn, @noahshachtman, Mediaite, @nickgillespie, @nprinskeep, @eriqgardner, @oliverdarcy, New York Times and Axios, more at Techmeme »
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Kevin Roose / New York Times:
Sources describe how Mark Zuckerberg arrived at the decision to take down Infowars, finally making his decision after Apple's removal of Infowars podcasts — Late on Sunday, after returning to his hotel room on a trip away from home, Mark Zuckerberg made a decision he had hoped to avoid.
Discussion:
The Verge, infowars.com, Business Insider, Marketing Land, FOX News Radio and Facebook, more at Techmeme »
Todd Spangler / Variety:
Regulatory filings show that Hulu lost about $357M in Q2 due to higher programming and marketing costs; parent companies to invest an additional $1.5B in 2018 — Parent companies to invest additional $1.5 billion in streaming venture in 2018 — Hulu's cash burn has accelerated …
Chris Lee / Vulture:
How a producer and a writer worked together on a story about a McDonald's Monopoly game scam, sparking a movie-option bidding war and earning a $350K fee — On a Saturday in late July, the Daily Beast posted a story titled “McScam: How an Ex-Cop Rigged McDonald's Monopoly Game and Stole Millions” …
Discussion:
@alisonwillmore, @alexweprin, @gabrielsnyder, @jorcru, @mradamtaylor, @calebhannan, @ceilidhann, @sarahw and @emily_cohn
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:
@mplsgilyard, @mwityk, @erik_hayden, Daily Front Row and New York Post
Mike Snider / USA Today:
Gannett reports mixed results for Q2, with net income of $16.3M on revenue of $730.8M, down from $774.5M in 2017 — MCLEAN, Va. - Gannett, which owns USA TODAY and 109 local media properties, said Thursday that digital revenues continued to climb during the second three months of 2018 …
Discussion:
Motley Fool, Press Release and MediaPost
Keach Hagey / Wall Street Journal:
Sumner Redstone's trust restricts sale of Viacom and CBS by prohibiting any merger leaving National Amusements shareholders with less than 30% of voting control — Trust restrictions on potential mergers would apply after Redstone's death or incapacitation
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.
Frederic Lardinois / TechCrunch:
Motion picture academy partners with Linux Foundation to launch an open source foundation for developers working on animation, visual effects, and more — Open source is everywhere now, so maybe it's no surprise that the Academy of Motion Picture Arts and Sciences (yes, the organization behind the Oscars) …
Discussion:
VentureBeat and ASWF, more at Techmeme »
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, The Rural Blog, @brettdl and @dangillmor
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
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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
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