Top News:
Paige Leskin / @paigeleskin:
Memo: Troy Young is resigning as president of Hearst following claims of a toxic environment, racial discrimination, and sexually offensive remarks — BREAKING: Hearst Magazines president Troy Young has resigned https://twitter.com/...
Discussion:
New York Times, @jeremymbarr, @kerrymflynn, @onesarahjones, @tomgara, @tomgara and New York Times
Wall Street Journal:
In a note to readers, the WSJ editorial board reacts to a letter signed by 280+ WSJ employees by telling readers it will not change “our principles and content” — These pages won't wilt under cancel-culture pressure. — By The Editorial Board
Discussion:
Vanity Fair, Talking Biz News, @dnvolz, @dseetharaman, @leshinton, @sopandeb and @birdyword
Brian Fung / CNN:
Jack Dorsey says Twitter is actively exploring additional ways to make money from its users, including through a subscription model — Washington (CNN Business)Twitter (TWTR) is actively exploring additional ways to make money from its users, including by considering a subscription model, CEO Jack Dorsey said Thursday.
Discussion:
@elanazak, @seamus_malek, @emzanotti, SFist, @jemelonefive, @genepark, Nerdist, Business Insider, @asteadwesley, @profgalloway, @lurino, @oksomik, @rebel44cz, @quinnypig, @joshuahol, @zackwhittaker, Gizmodo Australia, @lachlan, @rupertmyers, @aubreybell, @matthaig1, @classicsunrise, @iwriteallday_, @ziyatong, @arawnsley, @aubreybell, @jimmfelton, @kenzoshibata, TechCrunch, @alex_roarty, @mel_ankoly, @khosrokalbasi, @actually_tina, @andybeal, @mutablejoe and Engadget, more at Techmeme »
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Lauren Feiner / CNBC:
Twitter misses Q2 expectations with revenue of $683M, down 19% YoY, but reports 186M mDAUs, up 34% YoY, and ad revenue of $562M, down 23% YoY; stock up 8%+
Discussion:
VentureBeat, @twitterir, @twitterir, Input, @twitterir, @twitterir, @twitterir, @twitterir, @ggooooddddoogg, @paulszoldra, @twitterir, @carnage4life, @twitterir, The Hill, The Wrap, CoinDesk, The Verge and TechCrunch, more at Techmeme »
Pamela McClintock / Hollywood Reporter:
Sources: Warner Bros.' Tenet likely to get a staggered release, in international markets in late August, then in the US in early September if more theaters open — The $200 million tentpole is planning on opening first overseas as a surge in COVID-19 cases hits the U.S.
Discussion:
Variety, Deadline, Hollywood Reporter, /Film, MickeyBlog.com, UPROXX, @j_schneider, @richardlnewby, @philnobilejr, The Verge, The A.V. Club, @johnnysobczak and Engadget
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Anthony D'Alessandro / Deadline:
AMC Theatres again delays reopening to mid-to-late August in the US, but says one third of its cinemas in Europe and the Middle East are open — Just because Warner Bros. took Christopher Nolan's Tenet temporarily off the release schedule doesn't mean that the No. 1 theater chain isn't going to reopen.
Discussion:
Variety, MickeyBlog.com, @johnnysobczak, The Playlist, Vanity Fair and /Film
Rachel Abrams / New York Times:
NYT to buy Serial Productions, maker of the podcast Serial for, source says, $25M; NYT also enters marketing and ad sales partnership with This American Life — The Times, capitalizing on the success of its “Daily” podcast, continues an expansion into audio journalism.
Discussion:
Nieman Lab, Hot Pod News, Business Wire, @stephenbecker, @sopandeb, @annemiaoli, Talking Biz News, RAIN News, @adrianhon, @jxnmitchell, @matthewbevan, @freedaaron, @nytimesbusiness, @oz_f, Best Evidence, @niemanlab, @alexlaughs, @andrumarino, @arlusk, TechCrunch, Poynter, Engadget, Axios, @benmullin, @gerryfsmith, The New York Times Company, Axios, FWIW by David Tvrdon, The Verge and Wall Street Journal
Erik Wemple / Washington Post:
Fox News's Tucker Carlson set up two NYT freelancers for harassment when he misled viewers into thinking the NYT was about to publish his Maine address — Two freelance journalists in Maine have sustained abuse and threats after being named by Fox News host Tucker Carlson on Monday night …
J-Source / @jsource:
Leaked memo: Canada's Global News announces layoffs as part of a broad restructuring, blaming a collapse in ad revenue brought on by COVID-19 — Layoffs “ongoing all morning” at Global News, says an affected worker. A handful of staff have tweeted news of departures. https://globalnews.ca/ will no longer “[support] lifestyle, entertainment & social media teams,” says Troy Reeb, EVP of broadcast networks in email to staff https://twitter.com/...
Discussion:
AirdrieToday.com, @scaachi, @alexem, @jsource, @laurenpelley, @kateygoalie, @bobpickard, @lindork, @jsource, @angelynsayshi, @scottyegnewsguy, @needlesonnews, @chloethetejada, @sholarsenic, @michdas and @jenstden
Todd Spangler / Variety:
AT&T Q2: WarnerMedia operating revenue fell 22.9% YoY to $6.8B; HBO/HBO Max subscribers grew 5% in H1 2020 to 36.3M; premium TV subscribers shrank 18% YoY — That included a 22.9% plunge in WarnerMedia revenue, which the telco said was partly due to lower content and ad sales related to COVID-19.
Discussion:
Variety, TechCrunch, The Wrap, The Wrap, Multichannel News, @thr, @variety, @michcoll, @xpangler, CNN, @xpangler, AdExchanger, Decider, @joshraby, @jourdayen, @awolk, MediaPost, Reuters and Hollywood Reporter
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Julia Alexander / The Verge:
TikTok says it is launching a new $200M fund to pay creators directly for their content — The first major monetization effort from the company — As TikTok continues to grow in popularity and its personalities become mainstream celebrities in their own right, the company is trying …
Discussion:
Newsroom | TikTok, Variety, Reuters, Gizmodo, @sophiasgaler, Business Insider, @taylorlorenz, @jake_k, TechCrunch, @wgruger, @lmatsakis, @sarahfrier and @apompliano, more at Techmeme »
Sahil Patel / Wall Street Journal:
Sports media company Religion of Sports, co-founded by Tom Brady, Michael Strahan, and Gotham Chopra, raises $10M Series A — Religion of Sports Media Inc. has produced series for Apple, Facebook and Showtime — Religion of Sports Media Inc., a media venture co-founded by NFL legends Tom Brady …
Ludovic Blecher / The Keyword:
Google News Initiative has provided $39.5M in funding to over 5,600 publishers globally via its Journalism Emergency Relief Fund, launched in April — Established in 1904 in Oklahoma, the Lawton Constitution is one of more than 5,600 recipients of the Google News Initiative Journalism Emergency Relief Fund (JERF).
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