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5:20 PM ET, July 24, 2019

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 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
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 …
RELATED:
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.
Kyle Bessey / Journalism.co.uk:
Journalists' unique use of social media exacerbates all its negative psychological effects, which can lead to mental health problems  —  Social presence is no longer a hobby, it is a journalism skill.  So if cancelling all your accounts is not an option, what else can you do to stay safe and sane online?
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 …
Janko Rottgers / Variety:
Amazon launches a dedicated Prime Video VR app, available for Oculus Go, Quest, and Samsung Gear VR headsets in the US and UK  —  Oculus VR headset users just got one more video service to watch in their virtual living rooms: Amazon's Prime Video service went live on Oculus Go …
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.
Barry Levine / Marketing Dive:
Staples launches a quarterly print and digital magazine, Staples Worklife, as part of a brand refresh and lifestyle marketing push  —  - Staples launched a quarterly magazine for sparking conversation and provide resources for professionals who see their work “as more than just a job,” according to a press release.
David Bauder / Associated Press:
NowThis has attracted attention by creating pointed media criticism with videos illustrating inconsistencies by Fox News personalities  —  NEW YORK (AP) — Some of the day's most pointed media criticism lets its subjects do the talking.  —  The news outlet NowThis has attracted attention …
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Erik Wemple / Washington Post:
In a court document, lawyers for Cesar Sayoc, who pleaded guilty to mailing explosives to 13 people, say Fox & Friends and Hannity helped radicalize Sayoc
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: @ricmac and @elizabethangell
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.
 
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 More News: 
Bijan Stephen / The Verge:
As streaming offerings get more expensive and convoluted, people are setting up their own platforms via Plex servers to share media, including pirated content
Andreas Wiseman / Deadline:
Streaming service iflix is closing down its Middle East operations amid frustration from local distributors “to focus on its core markets in Southeast Asia”
Discussion: Variety
 Earlier Picks: 
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
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
Max Willens / Digiday:
Bustle Digital Group acquires Inverse, a science- and geek culture-focused site, which was founded by Bleacher Report cofounder Dave Nemetz and had raised $6M
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November
 
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