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:
@lucas_shaw, Variety, @nageshduvvuri, Bloomberg, CNBC, The Wrap, CNBC, AdExchanger, @dkthomp, The Week, @jank0, @tedgioia, @lucas_shaw, @lucas_shaw, @lanceulanoff, @dawnc331, @stevekopack, @pkafka, Gizmodo, NBC News, 9to5Mac, Quartz, Multichannel News, The Wrap, The Verge, Business Insider, TechCrunch, USA Today, Fast Company, Wall Street Journal, MediaPost and Radio & Television …, more at Techmeme »
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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:
Broadcasting & Cable, The Wrap, Ad Age, Vox, The Daily Caller, @natjarv, @natjarv, @natjarv, @natjarv, MediaNama, @kevinwildes, Breitbart, @pkafka, Fast Company, Hollywood Reporter, Decider, The Guardian and TVWeek.com, more at Techmeme »
Christine Schmidt / Nieman Lab:
McClatchy-grown, Google-funded Compass Experiment, a project to build new local news sites, has chosen Youngstown as its first site with four local journalists — Youngstown, Ohio has become kind the beat-up poster child for industrial decline, the opioid crisis, the Trump phenomenon, and, most recently, the loss of local journalism.
Discussion:
Poynter, Yahoo Finance, Mandy Jenkins, @sulliview and Business Journal Daily
Paul Farhi / Washington Post:
CNN didn't reveal that the pro-Trump women it interviewed, which seemed to represent a cross-section of opinion, were actually members of an organized group — There's no question that the panel of women CNN interviewed about President Trump liked him a lot and don't think he's a racist …
Discussion:
Mediaite, @karaswisher, CNN and VICE
Jem Aswad / Variety:
Internal Universal Music memo details its investigation into losses from a 2008 fire: 22 lost assets could have been original masters linked to five artists — Ahead of an expected motion to dismiss the lawsuit filed last month by several artists over damage in the 2008 fire that destroyed hundreds …
Discussion:
Variety, Music Business Worldwide and Billboard
Emily Tamkin / Columbia Journalism Review:
Why CNN shouldn't have given screen time to white supremacist Richard Spencer for reaction to Trump's racist tweets: normalization of racism, diversion of focus — On Tuesday evening, a segment on Jake Tapper's CNN show The Lead featured an interview with Richard Spencer, a white supremacist.
Discussion:
The Daily Caller, The Daily Beast, @eli_reichman, @swmstn2, @thelaurenchen, @ksurana6, @cboomervazquez, @emilyctamkin, @jaketapper, @stevekrak, The Hill, The Independent and Splinter
Maxwell Tani / The Daily Beast:
Sources: G/O Media CEO Jim Spanfeller is out of touch with the company's editorial voice and current media practices as he pushes listicles and programmatic ads — High-level staffers at the company that now owns ex-Gawker sites like Jezebel and Deadspin complain their new leader is destroying a famously freewheeling culture.
Discussion:
@mccarthyryanj, @petersterne, @jragazzo, @heyveronica and @daviduberti
Arriana McLymore / Reuters:
Spotify says it will devote a prominent spot in its app to Disney's music library, a feature called Disney Hub — NEW YORK (Reuters) - Spotify Technology SA said on Wednesday it will devote a prominent spot in its music streaming app to Walt Disney Co's extensive music library with songs like “Let It Go” and “A Whole New World.”
Christine Schmidt / Nieman Lab:
How the Free Press advocacy group convinced New Jersey to allocate $2M in public money for rehabilitating local news — “I really believe in the power of people to organize and advocate from the bottom up to create some solutions to this. I don't think these solutions are going to come out of commercial media."
Discussion:
@centercoopmedia and @rispolimike
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.”
Discussion:
@alibreland, @bcmerchant, @jmcduling, @kantrowitz and Mother Jones, more at Techmeme »
Charlotte Tobitt / Press Gazette:
Sky News has appointed Hannah Thomas-Peter as its first dedicated climate change correspondent, the first UK title to do so — Sky News has appointed its first dedicated climate change correspondent to “continue to set the agenda” on what it described as a “crisis”.
Discussion:
Sky
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:
American Press Institute, @mathewi, @dorrine, @media_outlier, @amzam, @donnawares, @sltrib and @dorrine
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