Top News:
Marc Tracy / New York Times:
NYT says it has added 669K new digital subscribers in Q2 and its digital revenue, at $185.5M, exceeded print revenue, at $175.4M, for the first time — The pandemic squeezed advertising for the web as well as print, but subscription growth was the best ever for a quarter.
Discussion:
Nieman Lab, The Wrap, @niemanlab, Axios, @jessekblum, @emilybell, @edmundlee, bookforum.com, @jimwaterson, @ericcrawford, @palewire, @sarafischer, @juliehdavis, AdExchanger, @marcatracy, @mattzeitlin and @jodikantor
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Business Wire:
NYT reports Q2 net income of $23.7M, down 6% YoY, revenue of $403.8M, down 7.5% YoY, with ad revenues down 43.9%, and has a total of 6.5M subscribers — NEW YORK—(BUSINESS WIRE)—The New York Times Company (NYSE: NYT) announced today second-quarter 2020 diluted earnings per share …
Discussion:
@gerryfsmith, CNN, @mattietk, @brandonetc, @mattyglesias, @them_l_g, @bgrueskin, @kerrymflynn, @andybcampbell, @justin_b_smith, @kerrymflynn, @dicktofel, @thestalwart, @boydhilton, @gerryfsmith, @yousefmunayyer, @sarthakgh and @aexm
Robert D. McFadden / New York Times:
Pete Hamill, the celebrated reporter who worked as a columnist and the top editor of The New York Post and The Daily News, and authored many books, dies at 85 — He was, among other things, a celebrated reporter, columnist and the top editor of The New York Post and The Daily News and the author of numerous books.
Discussion:
New York Daily News, @danbarrynyt, The Hill, The Wrap, @coreykilgannon, @om, @rachelking, New York Post, Hollywood Reporter, @joelmsiegel, @cliffordlevy, @howardkurtz, @edokeefe, @nytimesbooks, @devlinbarrett, @nycspeakercojo, Rolling Stone, @sarahhepola, @dgisserious, @clauirizarry, @tonymess, abc7NY, @nytmedia, @craigtimes and Gothamist
Sara Fischer / Axios:
TikTok tightens policies against manipulated content, expands fact-checking partnerships, and is working with DHS's Countering Foreign Influence Task Force — TikTok announced new rules for its users on Wednesday to curb misinformation and manipulation ahead of the 2020 election.
Brian Steinberg / Variety:
Discovery reports Q2 earnings of $271M, down 71% YoY, on revenue of $2.54B, down 12% YoY; US ad revenues were down 14% and distribution revenues were down 2% — Discovery said it planned to unveil a new direct-to-consumer streaming service even as its said its second-quarter net income fell 71% …
Discussion:
Multichannel News, The Streamable, @bristei, The Wrap, Hollywood Reporter, @xpangler and @thr
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Craig Chamberlain / Illinois News Bureau:
Study of 2,000 journalists' Twitter use: Beltway journalism may be “even more insular than previously thought” with journalists talking too much to each other — CHAMPAIGN, Ill. — Journalists in Washington, D.C., have long been accused of living in a “Beltway bubble,” …
Discussion:
@jbflint, @katiebowill, @natsfert, @noahcrothman and @pkafka
CNBC:
Discovery reports Q2 profit of $271M, down 71% YoY, on revenue of $2.54B, down 12% YoY; US ad revenues were down 14% and distribution revenues were down 2% — - Disney reported earnings for its third quarter of 2020 after the bell on Tuesday as it continues to feel the impact …
RELATED:
Julia Alexander / The Verge:
Disney says it plans to launch a general entertainment streaming platform internationally in 2021 under its Star brand, would include content from ABC, FX, more
Discussion:
IGN, @theericgoldman and @loudmouthjulia
Julia Alexander / The Verge:
Disney's Mulan, originally to be released in March but delayed due to COVID-19, will be released on Disney+ on Sept. 4 as a premium on-demand offering for $30
Discussion:
The Wrap, The Streamable, @otherehm, @gerryconway, @blessedsouthpaw, @wonderwaffle93, @reneritchie, @alexandraerin, @eugenedaniels2, @scalzi, @cynical_cj, @jimwaterson, @gameonysus, @constar24, @paultassi, @thekenyeung, @schaffrillas, @curtmega, @briantong, @cynical_cj, @itsandyyybitch, @loudmouthjulia, @loudmouthjulia, @loudmouthjulia, The Wrap, Vox and The Week
Joan E. Solsman / CNET:
Disney says Disney+ grew to 57.5M subs as of June 27, up from 54.5M three months ago
Discussion:
Variety, TechCrunch, @sherman4949, Engadget, @vijayshekhar, Awful Announcing and Engadget, more at Techmeme »
Sarah Perez / TechCrunch:
Facebook launches Instagram Reels, its TikTok competitor that lets users create and publish 15-second videos, in 50+ countries, including the US, UK, and Japan — Instagram Reels, the company's significant effort in challenging TikTok on short-form creative content, is launching globally, starting today.
Discussion:
The Verge, Wall Street Journal, MediaPost, Engadget, MacRumors, 9to5Mac and Music Business Worldwide, more at Techmeme »
CBS News:
Biden campaign announces what it says is the largest TV ad buy ever by a presidential candidate, with $220M for TV ads in 15 states and $60M for digital ads — Pretty soon it'll be hard to escape Joe Biden on your television. Or your radio. Or your phone.
Discussion:
The Independent, @jeffjarvis, @rolandsmartin, @danodonnellshow, @michaeljgwin, @tducklo and @davidlarter
Priyanjana Bengani / Columbia Journalism Review:
Study finds 700 more “pink slime” sites, partisan outlets masquerading as local news orgs, have been activated ahead of US election, up from 450 in Dec. 2019 — The run-up to the 2020 November elections in the US has produced new networks of shadowy, politically backed …
Stephanie Sengwe / The Streamable:
Live TV streaming service Philo says it now has 750,000 subscribers, up 300% YoY — It seems Philo has had a great year. The sports-free streaming TV bundle has seen a 300 percent uptick over the course of the past year and is now boasting 750,000 subscribers.
Discussion:
Fast Company
Naman Ramachandran / Variety:
Ofcom study: Disney+, with 16% of online adults subscribing, surpassed Now TV to become UK's third most subscribed streamer after Netflix's 45% and Amazon's 39% — The lockdown months in the U.K., from late March to early July, saw U.S. streaming giants Netflix, Amazon Prime Video and Disney Plus …
Julia Alexander / The Verge:
Quibi seems to be testing a free ad-supported tier in Australia and New Zealand — Sounds like a testing phase — Quibi is beginning to offer a completely free tier to subscribers in Australia and New Zealand as the struggling streaming company tries to build its subscriber base.
Discussion:
Cord Cutters News and @loudmouthjulia
Los Angeles Times:
Changes at the USAGM undermine the credibility of US worldwide broadcasting by threatening the firewall that has insulated broadcasters from political pressure — Today a global battle of ideas is raging between representative democracy and authoritarianism.
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