Top News:
Natalie Jarvey / Hollywood Reporter:
Disney discloses a $353M writedown on its ownership stake in Vice Media, following its $157M writedown in November — The entertainment giant previously recorded a $157 million impairment charge on its Vice stake. — Disney has taken another write-down on its investment in Vice Media.
Discussion:
Vox, Variety, @cramersshirt, @jasonabbruzzese, @pkafka, @lgbtqfc, @natjarv, @thrmattbelloni, @felixsalmon, Yahoo and Business Insider
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Lauren Feiner / CNBC:
Disney beats Q2 estimates with $14.92B revenue, up 3% YoY, vs. $14.36B est.; revenue from media networks was $5.53B, down from $5.92B the previous quarter — - Disney has made strides in its direct-to-consumer business through its unveiling of Disney+ and a 60% stake in Hulu.
Discussion:
The Walt Disney Company, Variety, @eriqgardner, Fast Company, TechCrunch, Broadcasting & Cable, FierceVideo and The Verge
Anousha Sakoui / Bloomberg:
Apps backed by old-guard financial firms help consumers trim rising recurring payments for media subscriptions — - Goldman Sachs, Wells Fargo among the players using new twist — Applications target forgotten monthly bills' recurring costs — Old-guard financial firms …
Discussion:
@richbtig
Dana Milbank / Washington Post:
The White House has set a difficult-to-meet standard for media “hard pass” credentials but granted exceptions; it refused an exception for WaPo's Dana Milbank — For the past 21 years, I have had the high privilege of holding a White House press pass, a magical ticket that gives the bearer a front-row seat to history.
Rani Molla / Vox:
Experts say apps like Nextdoor and Ring's Neighbors give people a false sense that the US crime rate is worsening even as violent crime reaches record lows — Why people are socializing more about crime even as it becomes rarer. — Violent crime in the US is at its lowest rate in decades.
Discussion:
@ranimolla, New York Post and @dangillmor, more at Techmeme »
Justin Ray / Columbia Journalism Review:
Almost two years ago, an Austin TV reporter obtained Sandra Bland's video of a police traffic stop via an open records request; his station didn't publish it — In June 2017, Brian Collister was a lead investigative reporter for KXAN, a Nexstar-owned NBC affiliate in Austin, Texas.
Lucas Shaw / Bloomberg:
Sources: Google's paid music services, YouTube Music and Google Play Music, have passed 15M subscribers, far behind Apple's 50M+ and Spotify's 100M+ — - Figure includes users of YouTube Music and Google Play Music — Google's paid music services have eclipsed 15 million subscribers …
Discussion:
@lucas_shaw, Wall Street Journal, Engadget, 9to5Google, The Verge and hypebot, more at Techmeme »
Alex Sherman / CNBC:
Fox to invest $236M in Canadian gambling company The Stars Group for ~5% equity, marking the first time a big media company puts its name behind sports betting — - Fox is investing $236 million in The Stars Group, part of a partnership to launch Fox Bet, a new online sports betting service.
Cynthia Littleton / Variety:
Fox Corporation beats expectations with profit of $529M, up 16% YoY, on revenue of $2.75B, up 12% YoY, with Fox News and Fox Sports delivering $741M of earnings — Fox Corporation outperformed Wall Street's expectations by delivering strong earnings in the newly minted company's fiscal third quarter.
Discussion:
The Wrap and Broadcasting & Cable
Sam Roberts / New York Times:
Robert Pear, longtime New York Times reporter who covered Washington with a focus on health care policy for 45 years, dies at 69 — An understated but tenacious journalist who mastered national health care issues with reporting that became a must-read in the capital and beyond.
Discussion:
@maggieastor, @mollymckew, @charlie_savage, @ejdionne, @sheeraf, @jackhealynyt, @lpolgreen, @peterlattman, @neeratanden, @aaronecarroll, @verambergen, @connieschultz, @abbygoodnough, @peterbakernyt, @ashleyrparker, @lawrence, @jimtankersley, @mlcalderone, @aslavitt, @glennthrush, @rachanadixit, @dvnjr, @senstabenow, @npfandos, @citizencohn, @bcappelbaum, @nytnickc, Politico, Kaiser Health News and The Wrap
Daniel Funke / Poynter:
How Washington Post Fact Checker's tally of Trump falsehoods turned from a 100-day project into an invaluable resource recording 10K+ lies in less than 3 years — In early June, Glenn Kessler had documented 3,251 falsehoods from President Donald Trump. He said the count might reach 10,000 by the end of his term in 2021.
Discussion:
Strange Attractor, @dpfunke and @niemanlab
Kaya Yurieff / CNN:
Two months after Facebook said it would curb vaccine misinformation, anti-vaccination posts and a #vaccineskill tag still appear prominently in Instagram search — New York (CNN Business)Two months after Facebook pledged to fight vaccine misinformation on its platforms …
Discussion:
@donie, @broderick, @kevinroose, @carlzimmer and Boing Boing, more at Techmeme »
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