Top News:
Tony Romm / Washington Post:
FTC announces a $5B fine against Facebook for repeated privacy violations as part of a settlement that requires federal oversight of its business practices — The settlement between the Federal Trade Commission and Facebook ends a 16-month probe that began after revelations of the tech giant's entanglement with Cambridge Analytica
Discussion:
@ashk4n, Federal Trade Commission, Adweek, Facebook, The Wrap, Bloomberg, Bloomberg, @alexstamos, Fast Company, NBC News, Facebook, TechCrunch, Breitbart, Reuters, @privacymatters, @mikeisaac, @joesimonsftc, @sarahfrier, @nickconfessore, Boing Boing, @markseibel, @ashk4n, @reckless, @daviduberti and @leakissner, more at Techmeme »
Todd Spangler / Variety:
AT&T Q2: 778K net loss in DirecTV, U-verse customers; 168K net DirecTV Now subscriber loss; WarnerMedia revenue up 5.5% YoY to $8.35B, operating income up 10.3% — WarnerMedia was AT&T's fastest-growing division in the second quarter of 2019. But the telco showed ongoing signs of trouble …
Discussion:
The Wrap, MediaPost, Fast Company, Multichannel News, Broadcasting & Cable, Deadline, The Wrap, The Streamable, The Streamable, CNET, @whatthebit, Deadline, @xpangler and Reuters
RELATED:
Cynthia Littleton / Variety:
HBO Max streaming service set to launch next spring will eventually include live sports and news programming, says AT&T CEO Randall Stephenson — AT&T chief Randall Stephenson told investors Wednesday that the HBO Max streaming service set to launch next spring will eventually include live sports and news programming.
Discussion:
The Wrap, The Streamable and The Verge
Eli Blumenthal / CNET:
AT&T plans yet another new video streaming service, AT&T TV, which it will pilot in select markets this summer
Discussion:
@dkatzmaier, FierceVideo and Broadcasting & Cable
Om Malik:
Media companies keep playing a blame game, pointing to tech companies for their failures, but sales execs focused on short-term thinking should take the blame — Earlier this week, the New York Post reported that the cover of the July 29th issue of Time magazine, which celebrates …
Discussion:
@om, TechCrunch, @corybe, @mcoatney, @joshelman, @sapnasf, @mariarodale, @corybe, @millie, @nickhagar, @dqandrade, @glecharles, @lauraelizdavis, @chaddickerson, @arctictony and @mathewi
Alex Kantrowitz / BuzzFeed News:
Interviews, including with the dev who led the team behind the retweet button, discuss the power of retweets to drive extreme content and spread misinformation — Developer Chris Wetherell built Twitter's retweet button. And he regrets what he did to this day.
Discussion:
@kantrowitz, @katiebakes, @eli_schiff, 9to5Mac, @ericajoy, @noupside, Gizmodo and The Hill, more at Techmeme »
Clare Duffy / CNN:
Snap adds 13M DAUs in Q2, attributes growth to exclusive Discover content with 35% YoY increase in daily Discover users and total daily time spent on it up 60% — New York (CNN Business)Snapchat has the makings of a comeback story. — Snapchat (SNAP) added 13 million daily users …
Discussion:
Observer, The Verge, The Wrap and Business Wire
Sasha Koren / Times Open:
NYT R&D debuts The News Provenance Project to explore product design and user-facing tools to make content origins clearer to audiences and fight misinformation — The Times's Research & Development team is exploring ways to make the origins of journalistic content clearer to news audiences.
Discussion:
Nieman Lab, @sashak, The Next Web, @dangillmor, CoinDesk and Talking Biz News
Manish Singh / TechCrunch:
Netflix launches a $2.80 per month mobile-only subscription plan in India, restricted to one mobile device at 480p standard definition — Netflix has a new plan to win users in India: make its service incredibly cheap. The streaming giant today introduced a lower-priced mobile tier in the country that costs Rs 199 ($2.8) per month.
Discussion:
Variety, Gizmodo, Netflix Media Center, Fast Company and XDA Developers, more at Techmeme »
Kali Hays / WWD:
Ad spend in print magazines in US fell 18% YoY in 2018, but spend in magazines' digital verticals rose 3.3%; magazine advertisers spent $13.64B total, down 12% — A few editors had success last year online and on YouTube, but digital ad dollars are very, very slow to appear.
Discussion:
@elizabethangell
Paul Bond / Hollywood Reporter:
Netflix shed over $24B in value in six days after it reported losing US subscribers for the first time last quarter; market cap at end of Tuesday was $134.5B — The heavy volume of trading over the past nine days suggests many investors are cashing in on their big gains.
Discussion:
Los Angeles Times, @latimes and @alexaportia
Nancy Cook / Politico:
Unlike her predecessors, Trump's new Press Secretary Stephanie Grisham has remained mostly silent to the public, playing a behind-the-scenes role — In one of the most fiery months of the Trump presidency, the new press secretary has had very little to say.
Discussion:
@ericboehlert, @politico, @brianstelter and @dandrezner
Washington Post:
The Washington Post establishes a computational political journalism R&D lab to augment its campaign 2020 coverage — The Washington Post's newly launched elections engineering team will establish a computational political journalism R&D lab in the newsroom this fall.
Discussion:
@jeremybowers, @jeremybowers, @megdunk and @tylrfishr
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