Top News:
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, @bgrueskin, Breitbart, @benmullin, @lollardfish, @kevinmdraper, @dnvolz, @dseetharaman, Mediaite, @ianbassin, @leshinton, @danteandbea, @danfostertype, @jayrosen_nyu, @leginsurrection, @sopandeb, @dangillmor, @blakehounshell, @billkristol, @jayrosen_nyu, @birdyword, @radleybalko, @bgrueskin, @jbarro, @tomgara, @rinireg, @bradsling, @carlquintanilla, @bgrueskin, @glennf, @tmannwsj, @rjcc, @markberman, @kimstrassel, @jeffreyasachs and Talking Biz News
New York Times:
Troy Young, president of Hearst's magazine unit, resigns a day after reports surfaced of his history of lewd remarks amid a culture of discrimination — Troy Young was elevated to lead the magazine division in 2018 as the face of digital transformation despite complaints of bullying and harassment.
Discussion:
@benyt, CNN, Adweek, @nytimes, Ad Age, The Week, Business Insider, @paigeleskin, @kerrymflynn, @rachelsklar, @onesarahjones, @jonseff, @sueonthetown, @abbygardner, @amyvernon, @ichotiner, The Daily Beast, @chrissyford, @prachigu, @michelleruiz, @michelleruiz, @briannawu, @joshsternberg, @katie_robertson, @jessicavalenti, Adweek, Fox News, Washington Post, The Wrap, Axios and @lpolgreen
Bloomberg:
Ebony Media Holdings is sued by creditors who want to push the company into bankruptcy to pay off its debts; Parkview Capital Credit says it is owed $11.8M — The owner of Ebony, one of nation's top African-American publishers, is being sued by creditors who want the company pushed into bankruptcy to pay off its debts.
Discussion:
Wall Street Journal, @wsj, @britnidwrites and BloombergQuint
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, Variety, Deadline, Hollywood Reporter, @davezatz, @j_schneider, @richardlnewby, @philnobilejr, @johnnysobczak, /Film, The Wrap, MickeyBlog.com, UPROXX and The Verge
RELATED:
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 …
Discussion:
Poynter, CNN, @donmoyn, @erinlschumaker, @mehdirhasan, @deborahblum, @carloslozadawp, @oneunderscore__, @audreyhasnews, @paulwaldman1, @oliverdarcy, @normornstein, @davmicrot, @mehdirhasan, @edbott, @joshtpm, @jamesgleick, @aaschapiro, @hshaban, @lukeobrien, @dansaltzstein, @alexmleo, @davidgura, @andrewfeinberg, @brianstelter, @adamweinstein, @jamessurowiecki and @ejleven
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 …
Paul Sawers / VentureBeat:
Pandora expands interactive voice ads in beta and lets users of its free tier search for on-demand music by voice if they agree to watch a video ad — Pandora is expanding the scope of its interactive voice-based advertising today, launching the service in beta for more listeners and advertisers …
Discussion:
TechCrunch and @chrismessina
Caitlin Dickerson / New York Times:
Two filmmakers making a Netflix series on immigration and ICE say they were threatened with legal action and were pushed to delete scenes and delay its release — A new documentary peers inside the secretive world of immigration enforcement. The filmmakers faced demands to delete scenes and delay broadcast until after the election.
Discussion:
Raw Story, @itscaitlinhd, @damiencave, @bruno_j_navarro, @joshuahol and @billkristol
Gerry Smith / Bloomberg:
BuzzFeed has laid off 50 of 74 employees who had been furloughed this spring, including 10 from news and the rest from its studio, sales and administration — - Loss of affiliate revenue from Amazon also squeezes publisher — Cost-cutting moves expected to keep losses under $20 million
Discussion:
The Wrap
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, Input, Variety, Bloomberg, Music Business Worldwide, MediaNama, @sophiasgaler, @jake_k, @sarahfrier, @wgruger, @taylorlorenz, @lmatsakis, @apompliano and TechCrunch, more at Techmeme »
Georg Szalai / Hollywood Reporter:
In Q2, revenue for Verizon Media came in at $1.4B, down 24.5% YoY; FiOS TV lost 81K subscribers — The telecom giant's Verizon Media unit posted a 25 percent revenue decline “primarily as a result of COVID-19 related impacts.” — Telecom giant Verizon on Friday reported …
Discussion:
Axios, @kerrymflynn and @kerrymflynn
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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