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7:55 PM ET, July 17, 2019

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 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.
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 …
Chris Welch / The Verge:
Netflix says it plans to launch a cheaper mobile-only streaming plan starting in India in Q3
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 …
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.
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. …
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 and @keithgrossman
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 …
Discussion: Billboard and RAIN News
Brian Merchant / Columbia Journalism Review:
To duck accountability, “on background” has become the default method by which Silicon Valley disseminates information, often abetted by tech journalists  —  One of the most pernicious tools that Silicon Valley uses to control the flow of information to the public is decidedly low-tech: briefing reporters “on background.”
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
 
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 More News: 
Sarah Jones / New York Magazine:
Some staffers wrote First Look Media's board in protest after Topic Magazine's closing and The Nib's de-funding, amid rumors First Look bought Passionflix.com
April Ehrlich / Jefferson Public Radio:
Sinclair has invested in a small Oregon newspaper, which partnered with a Sinclair TV station to share content, a web management system, and soon, a building
 Earlier Picks: 
BBC:
Pearson, the world's largest education publisher, says all future releases of its 1,500 active US titles will be “digital first” and updated on an ongoing basis
Aaron Rupar / Vox:
White House counselor Kellyanne Conway grilled a Jewish reporter about his ethnicity while defending Trump's racist statements about four congresswomen of color
Bloomberg:
Sources: Apple plans to fund original, exclusive podcasts and has reached out to media companies, in a bid to compete with Spotify
Anthony Ha / TechCrunch:
Newsletter platform Substack raises $15.3M Series A led by Andreessen Horowitz, says Substack newsletters now have 50,000 paying subscribers
Lesley Goldberg / Hollywood Reporter:
Netflix alters the graphic suicide scene from the season one finale of 13 Reasons Why, with support from the medical community, after two years of controversy