Top News:
CNBC:
Netflix names Ted Sarandos co-CEO, appoints Chief Product Officer Greg Peters as COO — Netflix is promoting its chief content officer Ted Sarandos to co-CEO, the company announced Thursday. The 20-year Netflix veteran will join current chief executive Reed Hastings in the role.
Discussion:
CNN, The Streamable, Netflix Media Center, Wall Street Journal, The Verge, Fortune, TechCrunch, Yahoo Entertainment, The Wrap, ZDNet, MediaPost, New York Post, Reuters, @jank0, @pkafka, Fox Business, Deadline, Axios, Reuters and Adweek, more at Techmeme »
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Lauren Feiner / CNBC:
Netflix reports Q2 revenue of $6.15B, up 24.9% YoY, and expects 2.5M net subscriber additions for Q3 vs analyst estimates of 5.27M; stock down 9%+ after hours
Discussion:
@jank0, The National Interest, @jank0, Vox, TechCrunch, 9to5Mac, Axios and @stevekovach, more at Techmeme »
Sheryl Gay Stolberg / New York Times:
Trump admin orders hospitals to bypass CDC and send COVID-19 info to a database not open to the public, raising questions about reporter and researcher access — Hospitals have been ordered to bypass the Centers for Disease Control and Prevention and send all patient information …
Discussion:
@charlesornstein, CNBC, @ava, @repjerrynadler, @senschumer, @kathieallenmd, @ericboehlert, @drtomfrieden, @sherylnyt, @iansams, @joshuahol, @schwanksta, Breitbart, Vanity Fair, The Guardian, The Root, Deadspin, COURIER, Gothamist, @theresaboyle, Senator Chuck Schumer, Boing Boing, Mother Jones, The Nation, Raw Story, Letters from an American, CNN, The Independent, Fast Company, Fox News and NPR
Edmund Lee / New York Times:
The hedge fund set to own McClatchy cut 1,600 employees and shut down 30+ papers since taking over Canada's largest newspaper chain Postmedia in October 2016 — Since Chatham Asset Management took over Postmedia, Canada's largest newspaper chain, 1,600 employees have been laid off and more than 30 papers shut down.
Discussion:
@jimwindolf, @jimwindolf, @edmundlee and @benestes
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Joshua Benton / Nieman Lab:
McClatchy's average daily operating revenue fell 28% from February to the end of May, showing the challenges that newspapers are facing during the pandemic — When McClatchy declared bankruptcy in February, its debts were crushing, but its operating numbers weren't so bad.
Discussion:
@pohl_jason, @jbenton, @jeffjarvis and @jbenton
Nicholas Quah / Vulture:
The Michelle Obama Podcast to launch exclusively on Spotify July 29; show to feature conversations with Conan O'Brien, Valerie Jarrett, Michele Norris, others — The former First Lady is coming to your headphones. — This morning, Higher Ground, the production studio of Barack and Michelle Obama …
Discussion:
Variety, @eldsjal, Shape, @andrealimjoco, CNBC, Washington Post, The A.V. Club, Associated Press, The Hill, Forbes, Spotify and The Root
Chris Roush / Talking Biz News:
Memo: Bloomberg EIC John Micklethwait says outlet publishes too many mediocre and/or long enterprise stories, stories should be shorter than 400 words or 900+ — Bloomberg News editor in chief John Micklethwait sent the following to the editorial staff on Wednesday:
Discussion:
@zseward, @dexbarton, @emilybell, @bendwalsh, @jamesrbuk, @fmanjoo and @mostafanageeb
Ibrahim Hirsi / Sahan Journal:
Profile: Henok Degfu, founder of Ethiopian news outlet ZeHabesha, on his arrests for reporting, escape while facing defamation lawsuits, running pub from Minn — Henok A. Degfu is probably the only editor in Minnesota whose reporters used to file stories by internet, but have now switched to reading him notes over the phone.
Discussion:
@natocoles and @mukhtaryare
Krystie Lee Yandoli / BuzzFeed News:
Eleven current or former Ellen DeGeneres Show employees detail a toxic work culture, blaming executive producers and senior management — Ellen DeGeneres has built her worldwide, multimillion-dollar brand on the motto “be kind,” with lavish giveaways and acts of charity.
Discussion:
The A.V. Club, New York Post, @ivieani, @mrernestowens, @evelynvwoodsen, @juliamoserrrr, @brosandprose, @annehelen, @krystielyandoli and @buzzfeednews
Kayleigh Barber / Digiday:
The Atlantic estimates events will make up 5-10% of revenue this year vs. 20% they comprised previously, aims to attract 1M attendees to its Atlantic Festival — The Atlantic's annual September festival is the brand's largest event of the year, accounting for approximately a third …
Discussion:
@niemanlab
Megan Graham / CNBC:
Hulu is launching Ad Manager, a self-service tool targeted at SMBs with an ad budget of $500 or more, to make it easy to buy ads on its service — - Hulu is launching a “self-service” tool to make it easier for small and medium-sized businesses to buy ads on its service.
Dan Froomkin / Press Watch:
Reporters need to change their election coverage to consider whether Trump could steal the 2020 election and focus on voter suppression and fact-rejection — Donald Trump isn't running anything remotely like a normal presidential campaign. He's not appealing to a wide swath of the electorate.
Kelly McBride / NPR:
NPR's Morning Edition should not have allowed AG Barr to make false statements in a segment on mail-in voting without adding context and fact-checking — NPR's four-member “election security team” is responsible for covering all things about American voting, from access, to fraud to innovations and investments in the process.
Discussion:
@carolinedraws, Raw Story, emptywheel, @gregpinelo, @susan_hennessey, @rickhasen, @marshallcohen, @phoenixwmn, @nprpubliceditor and @paulachertok
Pew Research Center:
Pew: employment at digital-native outlets rose to 16,000 newsroom staff in 2019, but was still far lower than 34,950 at newspapers or 30,120 at broadcast TV — Digital-native news outlets - those “born on the web” - have seen a wave of cuts since the outbreak of the coronavirus as financial troubles continue to roil the news media.
Discussion:
@pewjournalism, @facttank, @claireatki, @facttank, @facttank and @facttank
Columbia Journalism Review:
Thee activists detail their experiences presenting the idea of police abolition to national audiences for the first time — Mychal Denzel Smith, Josie Duffy Rice, and Alex Vitale on the limits and opportunities of considering police abolition in an election year
Discussion:
@nafellows, @cjr, @kelan_lyons and @cjr
Lara O'Reilly / Digiday:
Six months after launch, news aggregator Knewz has been downloaded 28K times, per Sensor Tower; Google Analytics indicates 4.9M+ monthly unique visitors in June — It's been a little under six months since News Corp announced the launch of its news aggregator website and app Knewz (pronounced “news”.)
Discussion:
@digiday
Maxwell Strachan / VICE:
The LA Times has placed sports columnist Arash Markazi on paid leave after employees complained of plagiarism, misrepresentation, and misuse of social media — The investigation began after members of the newspaper's sports department sent a letter to management demanding action. — MS
Discussion:
@vicenews and @kevinmdraper
Financial Times:
Online ad sales are expected to drop between 19-23% this year, hindering digital outlets from turning expected profits and threatening consolidation — Tougher environment for likes of BuzzFeed and Vice raises prospect of more consolidation — It was supposed to be the year that digital publishers finally turned a profit.
Discussion:
@tonytassell, @annaknicolaou and 5ish
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