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3:20 PM ET, August 29, 2018

Mediagazer

 Top News: 
Tim Peterson / Digiday:
The Young Turks Network says it has 27,000 subscribers paying $5-$10 per month for ad-free content, accounting for almost half of its overall revenue  —  In August 2017, digital video news publisher The Young Turks Network raised $20 million from Hollywood mogul Jeffrey Katzenberg's WndrCo to grow its subscription business.
Discussion: Tubefilter
RELATED:
Jon Levine / The Wrap:
Sources: The Young Turks lays off ~15 people, ending some of its non-political programs; cuts come less than two months after ouster of senior on-air talent  —  Layoffs come just two months after some of the channel's most senior on-air talent including Nomiki Konst and Hannah Cranston were let go
Lucia Moses / Digiday:
Publishers are losing a key ally at Facebook as its Head of News Products, Alex Hardiman, is leaving to join The Atlantic as chief business and product officer  —  One of Facebook's big hires to improve its relations with publishers is leaving for The Atlantic.
New York Times:
Barnes & Noble's board says former CEO Demos Parneros was fired last month for sexual harassment and bullying, adding to earlier allegations of policy violation  —  When Barnes & Noble fired its chief executive, Demos Parneros last month, the bookseller was mysteriously quiet about why.
Discussion: CNBC and Fortune
Anthony Ha / TechCrunch:
Netflix has hired Vernā Myers in the newly-created role of VP, Inclusion Strategy, tasking her with diversifying the company  —  Netflix has hired Vernā Myers in the newly-created role of vice president, inclusion strategy.  —  Myers has spent the past two decades at the head …
The Information:
Sources: Amazon is planning to launch a free, ad-supported video service for its ~48M Fire TV streaming video device users that is being developed by IMDb  —  Amazon.com is planning to launch a free, advertising-supported video service for the estimated 48 million people who use …
 
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 More News: 
Sara Fischer / Axios:
Progress News Network to launch a daily, 2.5 minute Facebook exclusive newscast aimed at 35+ year-olds on September 4; revenue focus to begin after the midterms
Discussion: Tubefilter and Editor & Publisher
 Earlier Picks: 
David Beard / Poynter:
USA Today triples its investigative reporting staff from eight to 24, hiring CIR EIC Amy Pyle to help run the expanded operation
James Vincent / The Verge:
Trump accuses Google of rigging its search results to suppress positive news about him and says the situation “will be addressed”
 

 
From Techmeme:

Foo Yun Chee / Reuters:
Sources: EU may accept Apple's proposal to open its NFC payments tech to rivals, and may close its antitrust probe in May, letting Apple avoid hefty fines

George Steer / Financial Times:
Nvidia closed down 10% on Friday, falling the most since March 2020 and losing more than $200B of its market value, as investors pull back from AI bets

Foo Yun Chee / Reuters:
Pornhub, Stripchat, and XVideos will have to comply with additional obligations, such as submitting risk assessment reports, under the EU DSA starting next week

 
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