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11:15 AM ET, July 31, 2019

Mediagazer

 Top News: 
Erik Wemple / Washington Post:
Deadspin, owned by G/O Media, is planning a story on company CEO Jim Spanfeller; Spanfeller reacts publicly with plans for an outside editor to review the story  —  A friendly piece of advice for whomever ends up buying the former Gawker Media sites: Don't try to tell them what to write.
Alexandra Steigrad / New York Post:
Bustle Digital Group, which had planned to relaunch Gawker in September, has laid off Gawker's staff and postponed the relaunch  —  A planned relaunch of snarky news and gossip web site Gawker is on hold indefinitely, The Post has learned.  —  Bustle Digital Group, which owns Gawker …
Variety:
How WarnerMedia CEO John Stankey, a long-time AT&T executive and no-nonsense manager, is remaking WarnerMedia, trying to bridge the culture gap with Time Warner  —  Months after AT&T agreed to buy Time Warner, senior leaders from HBO, Warner Bros. and Turner flew out to the telecom giant's headquarters …
Discussion: Observer
Tom Jones / Poynter:
Internal memo says LA Times is nowhere close to meeting its goal of doubling digital subs from 150K in 2018 to 300K in 2019, having only netted 13K this year  —  Troubling news at one of the nation's top newspapers.  —  Digital subscriptions at the Los Angeles Times are way below expectations …
Georg Szalai / Hollywood Reporter:
AMC Networks beats Q2 earnings expectations with $129M profit on $772M in revenue, up 1.4% YoY; US ad revenue fell 11.1% YoY  —  The cable networks company, led by CEO Josh Sapan, beat Wall Street earnings expectations, but fell short of revenue estimates.  —  AMC Networks, the cable networks company …
Discussion: The Wrap, The Wrap, MediaPost and @thr
Natalie Jarvey / Billboard:
Apple's services business, a division that includes revenue from subscriptions like Apple Music, iTunes, Apple Pay and iCloud, brought in sales of $11.46B in Q3  —  Han Haidan/China News Service/VCG via Getty Images  —  The division that includes revenue from subscriptions like Apple Music …
The Daily Beast:
Twitter suspended an account peddling QAnon memes and other conspiracies after Trump retweeted it; source says the account was banned for platform manipulation  —  Before Trump's RT, ‘Lynn Thomas’ pushed conspiracy theories about Democrats harvesting kids' pineal glands.
Discussion: The Wrap, The Hill and The Verge
Josh Kosman / New York Post:
Sources: Nielsen open to selling itself in pieces after failing to find a buyer for the whole firm; Blackstone and Goldman Sachs dropped out earlier this year  —  An auction to sell Nielsen Holdings appears to be a bust — but the ratings giant has not given up and is now looking to sell itself in pieces, The Post has learned.
Discussion: @andreamv and Ad Age
Jodi Jacobson / Rewire.News:
Nonprofit publication Rewire.News to restructure due to funding shortfalls, laying off five employees, and the EIC is stepping down in the fall  —  Rewire.News is restructuring in an attempt to maintain our capacity for long-term sustainability, including making painful cuts in staff.  —  TRENDING
Kristina Monllos / Digiday:
In a new era of political polarization, ad agencies like Ogilvy, which remains committed to its CBP contract, face internal turmoil over controversial clients  —  The internal turmoil at Ogilvy over its contract with the Customs and Border Protection has meant new questions for agencies …
Discussion: @patrickcoffee
Tim Peterson / Digiday:
Streaming service BritBox focuses on older audiences with its content as 60% of its 650K subscribers are 45+, which has helped keep churn low, says president  —  Traditional TV has clung to older audiences as younger viewers increasingly switch to streaming.
 
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 More News: 
Tim Ingham / Music Business Worldwide:
Spotify reports 108M paying subscribers in Q2, up 31% YoY, and an operating loss of €3M on revenue of €1.67B, up 31% YoY; stock drops 5%+
 Earlier Picks: 
Sarah Ellison / Washington Post:
CNN and Jeff Zucker plot 2020 election coverage and promise things will be different; CNN won't air any rallies live, as it did repeatedly for Trump in 2016
Robert Eliason:
Local reporter in Gilroy, CA, describes national news media swarming in to cover the aftermath of the Garlic Festival shooting, crowding out local press
 

 
From Techmeme:

George Steer / Financial Times:
Nvidia closed down 10% on Friday, falling the most since March 2020 and losing more than $200B of its market value, as investors pull back from AI bets

Ryan Browne / CNBC:
Telegram partners with Tether to let the messaging app's ~900M users send USDT to each other through The Open Network blockchain

Wall Street Journal:
Apple removes WhatsApp, Threads, Signal, and Telegram from its App Store in China, after orders from the country's regulators citing national security concerns

 
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