Top News:
Rick Edmonds / Poynter:
Ken Doctor's Lookout Local, a network of local digital outlets, to launch first in Santa Cruz in the fall with $2.5M in grants and an LAT content partnership — As promised last fall, Ken Doctor is turning from reporting and analyzing the trials of the local news industry to creating Lookout Local …
Discussion:
Nieman Lab, @poynter, @ckrewson, @jbenton, @scottbrodbeck, @poynter and Lookout Local
BuzzFeed News:
Staffers ask Zuckerberg what would happen if Trump uses Facebook to dispute the election; some staff say they have evidence of favoritism for right-wing pages — Facebook employees collected evidence showing the company is giving right-wing pages preferential treatment when it comes to misinformation.
Rachel Premack / Business Insider:
Three Bon Appétit Test Kitchen stars say they will no longer appear in videos; their statements follow staff concerns about equitable pay and diversity efforts — - Three of Bon Appétit's Test Kitchen stars are departing the famed video channel.
Discussion:
@priyakrishna, Washington Post, The Wrap, @courtneykemp, @aspertierra, @theperezhilton, @piyasroy, @szechuan, @threecolumnsart, Eater, @charlespulliam, @vocinsider, @rocza, @foxxybenedict, @rrpre, @runwithskizzers, @sorayamcdonald, @rachaelkrishna, @alex_abads, @yashar, @heavenrants and New York Post
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Todd Spangler / Variety:
Bon Appétit names Sonia Chopra, the director of editorial strategy at Eater, as executive editor, reporting to Anna Wintour for now
Discussion:
Deadline, MediaPost, New York Times, Forbes, @rmitty, @blumie, @kittenwithawhip, @nadiachaudhury, @constancegrady, @backlon, @garyhe, @emilyvdw, @dz, @soniachopra, @joeybear85, @adamjmoussa, @jesseasparks, @qualityrye, @hillarydixler and @ssdai
Lukas I. Alpert / Wall Street Journal:
Source: News Corp has considered selling its Storyful unit, which it bought for $25 million in 2013, as part of efforts to streamline the company — Effort comes as Wall Street Journal parent looks to streamline operations — News Corp NWS 1.43% has considered strategic alternatives …
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News Corp:
News Corp reports Q4 revenue of $1.92B, down 22% YoY, and a net loss of $401M; WSJ digital-only subscriptions grew 23% in the quarter — - Beginning with the fourth quarter, the Company is presenting Dow Jones as a separate reportable segment, which better highlights its growth and value …
The Wrap:
ViacomCBS to launch a paid international streaming service in early 2021 starting with Australia, Latin America, and Nordic countries — ViacomCBS is launching an international streaming service in early 2021, the company announced during its second-quarter earnings call Thursday.
Discussion:
Variety, Light Reading, Adweek, IGN and Multichannel News
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BBC:
Twitter says it will start labeling government-linked media accounts, as well as “key government officials”, from China, France, Russia, the UK, and US — Twitter says it will no longer “amplify” tweets by state-controlled media organisations, by excluding them from its recommendation systems.
Discussion:
Twitter, @twittersupport, @chrizap, @sdkstl, @nickpickles, @dantley, @ninabyzantina, @chrismessina, @yashalevine, @alistaircoleman, @alistaircoleman, Business Insider, @nordic_news, @brandyzadrozny, CNN, @athertonkd, @courtneyr, @ngleicher, @yoyoel, @twittersupport, @hadas_gold, @davidagranovich, @aoc, The Verge, @wiczipedia and Mashable, more at Techmeme »
Keith J. Kelly / New York Post:
Advance Publications is considering moving Condé Nast out of One World Trade Center, where it has a 25-year lease, to address “current market conditions” — Conde Nast, which only finished moving into its HQ at One World Trade Center in 2014, is scouting midtown Manhattan for a potential new HQ.
Discussion:
@alpertdc, @chrisgayomali, @satansjacuzzi, @thecitywanderer, @hdylai, @ben_perreira, @matthewfamularo, @arjununcle, @hothothotboy69 and @rosadona
Annie Karni / New York Times:
Pence's pool reporter Wednesday wasn't a WH press corps member, but a Heritage Foundation VP and editor of the think tank's news site, the Daily Signal — Instead of a member of the White House press corps, the role of pool reporter was filled by Robert B. Bluey, a vice president at the Heritage Foundation.
Discussion:
@lachlan, @anniekarni, @robertbluey, @brooklynmarie and @brendannyhan
Nathan Bomey / USA Today:
Gannett Q2: $437M net loss; revenue of $767M, down 28% YoY; print ads down 45% YoY to $188M, digital ads down 27% YoY to $104M; digital subs up 31% YoY to 927K — USA TODAY owner Gannett reported a net loss of about $437 million in the second quarter as businesses cut back on advertising amid …
Discussion:
@raju and Business Wire
Kim Lyons / The Verge:
TikTok launches its first TV app, called More on TikTok, on Amazon Fire TV devices, featuring curated video playlists and compilations from its mobile app — More on TikTok will be free and view-only at launch — TikTok is launching its first TV app, called “More on TikTok,” on Amazon Fire TV devices today (via Business Insider).
Discussion:
Business Insider, more at Techmeme »
Alex Barker / Financial Times:
Sources: staff hired for international news channel NBC Sky World News were told that Comcast couldn't support the project as the business model is now unviable — Business model of NBC Sky World News project has become unviable due to Covid-19, staff told
Discussion:
Digital TV Europe, Deadline and @vivian
Lesley Goldberg / Hollywood Reporter:
NBC Entertainment Chairman Paul Telegdy is leaving following a shakeup, after claims he fostered a toxic culture; Frances Berwick to lead NBCU content strategy — The conglomerate is searching for an executive to oversee a new entertainment programming unit.
Discussion:
Adweek, The Wrap, New York Post, Los Angeles Times, @dylanbyers, @adriennelaw, @kimmasters and @thewendylee
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, Press Gazette, Poynter, @niemanlab, CNBC, Talking Biz News, @mathewi, Associated Press, @rangamberi, @scribeguy, @cliffordlevy, @pilhofer, @jason_a_w, @dsamuelsohn, @palafo, @jimhansondc, @niemanlab, @yeselson, @kerrymflynn, @jessekblum, @emilybell, @jbenton, @edmundlee, @palewire, @sarafischer, @jodikantor, @marcatracy, @mattzeitlin and @jimwaterson
RELATED:
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
Discussion:
@gerryfsmith, Poynter, @byjonharris, @kncukier, @mattietk, @brandonetc, @justin_b_smith, @them_l_g, @andybcampbell, @sarthakgh, @aexm, @dicktofel, @yousefmunayyer and @bgrueskin
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