Top News:
Edmund Lee / New York Times:
New York Times names Meredith Kopit Levien as its next president and CEO starting September 8, succeeding Mark Thompson — She will succeed Mark Thompson, the executive who oversaw a transformation from print to digital, in September. — The New York Times Company on Wednesday named Meredith Kopit Levien …
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CNN, @nytimes, WWD, MediaPost, The New York Times Company, @cliffordlevy, Adweek, Axios, @jeffjarvis, @tomgara, @om, Bloomberg, Wall Street Journal, @kerrymflynn, @loupas, @lpolgreen, AdExchanger, @karaswisher, @gerryfsmith, @megancgraham, @jimwaterson, @sarafischer, @ericliptonnyt, @ylichterman and @adriana_lacy
Casey Newton / The Interface:
Sources: Kevin Roose's tweets on Facebook stories with the highest engagement per CrowdTangle worry the News Feed team, which favors “reach"-focused metrics — What news should people see when they come to Facebook? — In the old days, your answer might have been “whatever they want to see,” or even “who cares?”
Sarah Scire / Nieman Lab:
NYT marks 30 years since the passage of the Americans with Disabilities Act with a special package available in Braille and audio versions for all articles — Thirty years ago, the United State passed landmark disability legislation known as the Americans with Disabilities Act or, simply, the ADA.
Discussion:
@spj_tweets, @sarahscire, @kaitwells and New York Times
New York Times:
Current and former Hearst staffers speak out about a toxic environment, racial discrimination at Cosmo, and sexually offensive remarks by president Troy Young — At Cosmopolitan staff meetings, workers complain of discrimination and tokenism. Former employees say Hearst Magazines president Troy Young made sexually offensive remarks.
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@grynbaum, @abbygardner, @jessicavalenti, @drrramina, @annamerlan, @silviakillings, @ivadixit, @megreenwell, @katie_robertson, @gabrieljr and @media_evan
Anne Steele / Wall Street Journal:
Spotify signs new licensing agreement with Universal, who will also be a partner for developing and testing services and tools Spotify hopes labels will pay for — Agreement includes label giant's sign-on to streamer's ‘two-sided marketplace’ where it envisions music companies paying for marketing and data tools
Discussion:
Business Wire, @pkafka, @davidclowery, @lucas_shaw, @iamkingwilliams and @prof_kalkyl, more at Techmeme »
Laura Hazard Owen / Nieman Lab:
Nieman Foundation announces a new remote visiting fellowship, focused on advancing coverage of racial justice and public health issues in the US — These fellowships are open to a broad range of people. If you're wondering if you should apply, you should.
Discussion:
Foundation Posts Archive, Talking Biz News, @paulsalopek and @niemanfdn
Matthew Anderson / Roku Blog:
Survey: ~32% of US households don't have a traditional pay TV subscription, 17% of recent cord cutters said they'd re-subscribe when live sports return — Today, we announced findings from our annual Cord Cutting study, including new insights from U.S. consumers about how the COVID-19 pandemic is influencing the shift to streaming.
Discussion:
@roku, The Streamable, MediaPost, Observer, Multichannel News, TV Technology and Cord Cutters News
Anthony Crupi / Sportico:
Nielsen: ABC, CBS, NBC, and Fox have lost 41% of the 18-49 demographic since May 25; without the NBA, ABC has lost $250M+ in ad sales assuming a six-game Finals — Top-tier sports programming can't come back soon enough for the U.S. television networks, which in the absence …
Discussion:
@crupicrupicrupi and @digitalshields
Sahil Patel / Wall Street Journal:
Wave.tv, which makes videos of offbeat sports for platforms like Snapchat and Facebook, raises $32M Series A, says at a valuation between $50M and $100M — The three-year-old company closed a $32 million funding round despite a sports world in upheaval — Digital-media startup Wave.tv …
Discussion:
The Wrap, Adweek, Crunchbase News and @sizpatel
Sara Fischer / Axios:
Kantar: Amazon spent $6.9B on US advertising in 2019, making it the top US ad spender, ahead of Comcast's $6.1B, AT&T's $5.5B, P&G's $4.3B, and Disney's $3.2B — Amazon spent nearly $7 billion on U.S. advertising in 2019, making it the top ad spender in the country, according to a new analysis from Kantar featured in AdAge.
Sara Fischer / Axios:
Challenger, Gray & Christmas: more than 11K newsroom jobs were cut in the first half of 2020, almost as many as were lost in all of 2009 — Even after the financial crisis, the annual number of newsroom layoffs won't come close what we're expected to see this year during the coronavirus pandemic …
Discussion:
@scottshuey, @jim_brunner, @maggiomatt, @malbertnews and @libshipwreck
Salvador Rodriguez / CNBC:
Snap reports Q2 revenue of $454M, up 17% YoY, vs $439.1M est., global DAUs of 238M, up 17% YoY, a net loss of $326M, up from $255M, and ARPU of $1.91, flat YoY — - Snap's stock price fell more than 8% on Tuesday after the company reported its second-quarter earnings.
Discussion:
Wall Street Journal, Variety, @kantrowitz, @xpangler, @xpangler, @sarahfrier, @sarahfrier, @sarahfrier, @charliebilello, @richlightshed, @richlightshed, Snap Inc., Ad Age and The Wrap, more at Techmeme »
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