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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/...
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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
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.
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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%+
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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.
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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 …
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.
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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/...
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Maxine Bernstein / Oregonian:
Federal judge temporarily bars federal officers from using force, threats, or dispersal orders against journalists or legal observers at Portland demonstrations — A federal judge on Thursday issued a 14-day order temporarily barring federal officers from using force, threats and dispersal orders …
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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.
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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 …
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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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