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
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Bloomberg, @ashk4n, Federal Trade Commission, VentureBeat, @alexstamos, Fast Company, Facebook, The Wrap, TechCrunch, NBC News, Facebook, ZDNet, NPR, Boing Boing, @ashk4n, @reckless 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, Broadcasting & Cable, Deadline, The Streamable, The Wrap, The Streamable, Deadline, Reuters, @whatthebit and @xpangler
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
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, @corybe, @mariarodale, @millie, @mcoatney, @dqandrade, @joshelman, @sapnasf, @nickhagar, @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, @eli_schiff, 9to5Mac, @ericajoy, @noupside, Gizmodo and The Hill, more at Techmeme »
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
Michael M. Grynbaum / New York Times:
Jodi Rudoren, a veteran editor and reporter at The New York Times, has been named editor in chief of The Forward, a 122-year-old Jewish publication — The Forward, a 122-year-old Jewish publication, named a new leader of its newsroom on Tuesday, appointing Jodi Rudoren …
Discussion:
New York Post, The Forward, @peterbakernyt, @sdkstl, @jessicabennett, @shreeyasinha, @galbeckerman, @meslackman, @rudoren, @cliffordlevy, @amyspitalnick, @max_fisher and The Wrap
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:
The Next Web, @sashak, @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, 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.
Laura Hazard Owen / Nieman Lab:
Slate's daily advice columns are driving traffic to the site, with unique visitors across the category up 85% YoY, as their large archives foster binge-reading — Twincest, “I am bothered that the dog now has my daughter's name,” did I cause a woman to get hit by a car …
Discussion:
American Press Institute
Jessica Dolcourt / CNET:
Profile of Craigslist founder Craig Newmark, who has donated $100M+ to charities and who champions “vigorous, trustworthy journalism” and women in tech — Craig Newmark is a self-proclaimed nerd and reformed jerk. Now he's putting money behind his politics.
Discussion:
@craignewmark, @georgiadreid1, @richardjnieva, @blkbaer, @techledes, @jdolcourt and @jasonhiner, more at Techmeme »
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