Top News:
Sara Fischer / Axios:
Facebook will change its News Feed algorithm to prioritize news stories with original reporting and demote ones that are not transparent about their authors — Beginning today, Facebook will be updating the way news stories are ranked in its News Feed to prioritize original reporting, executives tell Axios.
Discussion:
About Facebook, MediaPost, @smbrnsn, @argonaut, @malonebarry, @sulliview, @sachinrekhi, @om, Gizmodo, The Independent, @marklittlenews, @jason_kint, @wongmjane, @rasmus_kleis, @gavinsblog, @propornot, @kerrymflynn, @badnetworker, Engadget, @imbadatlife, @jbillinson, @markgongloff, @jamesrbuk, @davegershgorn, @sarafischer, @marisaward57, @kantrowitz, @jordanzakarin, @curtwoodward, @pphericrussell, @mikeisaac, @jmgrygiel and TechCrunch, more at Techmeme »
Kelsey Sutton / Adweek:
Bozoma Saint John, veteran of Uber, Apple, and Pepsi-Cola, is joining Netflix as CMO, succeeding Jackie Lee-Joe, who joined Netflix a year ago — Marketing heavy hitter succeeds Jackie Lee-Joe after just a year — Marketing powerhouse Bozoma Saint John is joining the streaming giant Netflix as chief marketing officer.
Discussion:
Deadline, Ad Age, The Wrap, Variety, @ebuka, @kelseymsutton, @luvvie and AppleInsider, more at Techmeme »
Abner Li / 9to5Google:
YouTube TV is raising its monthly rate to $65 from $50, due to “the rising cost of content”; some ViacomCBS channels are becoming available on the service today — Back in April of last year, YouTube TV raised its monthly fee to $49. The cord-cutting subscription will soon cost $64.99 for all.
Discussion:
The Streamable, @youtubetv, The Streamable, Multichannel News, Adweek, Deadline, @brett, @brett, @voiceofthestar, @snapflow69, @joedeluca, @jasoncollette, @griffinwb, @carnage4life, @jatayler, @___leland, @maxwellglick, @rbmorningstar, @lschmeiser, @westonwamp, @jaseidler, @downwithdamon, @mishaalrahman, @mharrisonair, @youtubetv, @scottagness, @firstadopter, @kgustafson, @joeovies, @binarybits, @youtubetv, @uoflsheriff50, @cwilliamson44, @lavendricks and @richlightshed, more at Techmeme »
The Daily Beast:
New York judge issues a temporary restraining order halting publication of Mary Trump's book and orders her and Simon & Schuster to appear in court July 10 — Mary Trump's upcoming, explosive tell-all about the president has hit a temporary setback as a judge grants Robert Trump a Temporary Restraining Order to halt publication.
Discussion:
CNN, The Week, CNBC, Raw Story, @santucci, @brianstelter, @lachcartwright, @brianstelter, @eriqgardner and Boing Boing
Lian Buan / RAPPLER:
Rappler's Maria Ressa and Reynaldo Santos file a motion for reconsideration in their cyber libel case, citing 13 errors by the judge and accusing her of malice — (UPDATED) 'The court's role in the trial is to determine malice, not make malicious statements.
Discussion:
@mariaressa
Kevin Roose / New York Times:
Q&A with Reddit CEO Steve Huffman on banning r/The_Donald and other problematic subreddits after resisting for years — Steve Huffman, Reddit's co-founder and chief executive, says new rule changes will help the company fulfill its mission. — On Monday, Reddit …
Discussion:
Tubefilter, Slate and Techdirt, more at Techmeme »
Ronan Shields / Adweek:
Sell-side ad tech company Rubicon Project, which merged with Telaria in April, rebrands as Magnite — New branding unveiled three months after official union — Rubicon Project has rebranded as Magnite, as the sell-side ad-tech company aims to convince investors that it is more than the sum …
Discussion:
AdExchanger
Scribd Blog:
Scribd is expanding its magazine catalog, available for $9.99/month, to more than 1,000 titles from 25+ countries, including Harper's Magazine — Expanded offering includes magazines from over 25 countries and top publications like The Atlantic, TIME, People, Bloomberg Businessweek, Entrepreneur, and Entertainment Weekly.
Matthew J. Belvedere / CNBC:
Netflix says it will put 2% of its cash holdings, currently ~$100M, toward financial institutions and organizations dedicated to helping Black communities — - Netflix announced plans to start putting 2% of its cash holdings into financial institutions and organizations to “directly support Black communities in the U.S.”
Charlotte Tobitt / Press Gazette:
The BBC's Local Democracy Reporters scheme funds 150 reporters in partner newsrooms, of which ~90% belong to the UK's three biggest local news groups — The BBC has said its local democracy reporters scheme is having a “net positive impact on competition in local news” …
Alex Barker / Financial Times:
Survey of 58 WFA members, who are responsible for $90B+ of ad spending worldwide, finds ~33% will suspend or are likely to suspend spending on social media — Study reveals extent of revolt against Facebook and Twitter over hate speech — Almost a third of the world's biggest brands …
Discussion:
The Guardian, Mashable, @soutikbbc, The Verge, @financialtimes, The Independent and Axios, more at Techmeme »
Anne Steele / Wall Street Journal:
iHeartMedia launches the Black Information Network, a national news network focused on the Black community, on 15 radio stations and online — Black Information Network to be distributed across No. 1 radio broadcaster's stations — iHeartMedia Inc. is launching a national news network focused on the Black community.
Discussion:
Variety, Radio & Television …, @verizonnews, Rolling Stone, @ndegreve and @blackinfonet
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