Top News:
Netflix:
Netflix reports Q2 revenue of $4.9B, up 26% YoY, and total paid membership of 152M, up 22% YoY, but it added 2.7M new subs, down from 5.5M YoY; stock down 10%+ — July 17, 2019 Fellow shareholders, As expected, revenue growth accelerated 400 basis points to 26%, and operating income increased 53% year over year in Q2.
Discussion:
The Wrap, CNBC, Ad Age, @nageshduvvuri, Multichannel News, The Wrap, @lucas_shaw, TechCrunch, USA Today, Fast Company, MediaPost, @dkthomp, Business Insider, NBC News, Quartz, Radio & Television …, 9to5Mac, Wall Street Journal, The Verge, AdExchanger, @jank0, @tedgioia, @lucas_shaw, @lucas_shaw, @lanceulanoff, @dawnc331, @stevekopack and @pkafka, more at Techmeme »
RELATED:
Todd Spangler / Variety:
In Q2, Netflix lost US subscribers for the first time since Q3 2011, dropping 130,000, and added fewer global subs than expected, citing a weak Q2 content slate — For the first time, Netflix lost streaming subscribers in the U.S. — dropping a net 130,000 for the second quarter of 2019 …
Discussion:
Vox, The Guardian, @kevinwildes, Decider and @pkafka, more at Techmeme »
Mark Di Stefano / BuzzFeed:
US sports site The Athletic poaches Daniel Taylor from The Guardian and David Ornstein from the BBC, continuing its UK football journalism talent hiring spree — “It's a journalist transfer window.” — A US sports website that wants to dominate the British football market has made a series …
Discussion:
Prolific North, @buzzfeeduk, Spectator, @markdistef, @mikelizun, @alexwickham, @markdistef and @chrislepkowski
Kerry Flynn / Digiday:
Twitter releases LiveCut, a tool to help publishers make, monetize, and share video clips of live broadcasts, similar to SnappyTV, which Twitter bought in 2014 — Twitter has a new tool to help publishers make more Twitter videos. — LiveCut lets publishers make, monetize and share video clips of live broadcasts through Twitter.
Discussion:
media.twitter.com, Adweek, @kerrymflynn and @mattnavarra
Kevin Roose / New York Times:
Reflecting on VidCon, it's clear that influencers' command of social media foreshadows future power in politics and elsewhere — As social media expands its cultural dominance, the people who can steer the online conversation will have an upper hand. — ANAHEIM, Calif. …
Discussion:
@nytimesbusiness, @joshspero, @nytimesbusiness and @kevinroose, more at Techmeme »
Jem Aswad / Variety:
Sony unites its recorded-music operation, Sony Music Entertainment, and its publishing company, Sony/ATV, under Sony Music Group led by SME chief Rob Stringer — Sony has created Sony Music Group, an umbrella for both its recorded-music operation — Sony Music Entertainment …
Sara Jerde / Adweek:
Former Bloomberg Media CRO Keith Grossman joins Time as president, reporting to Time editor in chief and CEO Edward Felsenthal — Exclusive: The former Bloomberg Media CRO also spent 5 months at Engine — Time, the nearly 100-year-old brand, is getting a new president.
Discussion:
MediaPost
Christine Schmidt / Nieman Lab:
Facebook Journalism Project announces 22 projects receiving grants between $5,000 and $25,000 to fund community-building proposals over the next six months — In its latest quest to build community, Facebook is trying to develop a meta-community for local news publishers to then, you know, build that community.
Discussion:
@amzam, @donnawares, @dorrine, @media_outlier, @sltrib, @dorrine and @mathewi
Dan Mangan / CNBC:
MA prosecutors drop a criminal groping case against Kevin Spacey, saying the accuser is unavailable as a witness; civil suit was dismissed earlier this month — KEY POINTS — Prosecutors in Masschusetts on Wednesday dropped a criminal groping case against actor Kevin Spacey …
Discussion:
New York Times, Vanity Fair, CNN and @gabrielsnyder
Melynda Fuller / MediaPost:
NowThis is launching a newsletter called KnowThis, its first written product, summarizing the day's top news five nights per week — NowThis is launching a newsletter called KnowThis,slated to land in subscribers inboxes five nights a week. — The site approached the idea of a daily newsletter based …
Max Willens / Digiday:
Bloomberg launches Work Wise, a newsletter with work and career content, after noticing 48% of traffic to its company pages came from people under the age of 34 — Shortly after Julia Beizer joined Bloomberg Media as chief product officer last year, she had a conversation with David Harding …
Discussion:
@juliabeizer and Bloomberg Media
Sara Guaglione / MediaPost:
Group Nine's animal-focused publisher The Dodo debuts a children's vertical called Dodo Kids, with a brand-safe YouTube channel — The Dodo, a digital publisher owned by Group Nine that focuses on animal content, launched a new vertical called Dodo Kids. — The division will produce kid …
Discussion:
Axios, @benjlerer and Tubefilter
Senior Data Journalist, NY — 
Manager - Publishing Editorial, Manila — 
Oil Reporter, Singapore — 
Newsperson - State Govt. & Politics, CA — 
Business Reporter, SC — 
State Government Reporter, WA — 
Climate Crisis Columnist — 
Multimedia Journalist, CA — 
Community Engagement Mgr., DC — 
Senior California Politics Reporter, CA — 
Staff Writer - Business, NY — 
Team Editor - Opinion, ON — 
Assistant Correspondent, DC — 
Climate & Weather Reporter, MN — 
Senior Tech Editor, Remote US — 
Lead Business Reporter, TN — 
Managing Editor, WA — 
Private Credit Reporter, NY — 
Trending News Reporter, TX — 
City Correspondent, London — 
Legislative Reporter, CA — 
Reporter, PA — 
Visual Editor, Remote — 
Staff Writer, MI — 
Senior Political Reporter, DC — 
California Playbook Writer, CA — 
National Investigative Reporter, NY — 
Business & Gaming Reporter, NV — 
Coastal Climate Reporter, SC — 
Environment & Energy Reporter, CT — 
Coordinating Editor, OR — 
Editor, Remote US — 
Business Reporter, WA — 
Editor-in-Chief, AZ — 
