Top News:
Reuters:
Fox says Lachlan Murdoch will return to LA from Australia in early September to reopen Fox HQ “and will go back to working and living in the US” — SYDNEY (Reuters) - Fox Corp chief executive Lachlan Murdoch will return to the United States from a months-long Australian sojourn …
Discussion:
The Hill, @alexweprin, @benyt, @benyt and @brianstelter
Todd Spangler / Variety:
Plex raises $50M+ Series C from existing investor Intercap, bringing its total raised to $60M, and says it has more than 25M registered users globally — Streaming media service Plex, looking to grow its free, ad-supported video business, announced that it raised more than $50 million …
Discussion:
Fast Company, TechCrunch, Engadget, FierceVideo and Plex, more at Techmeme »
Rick Porter / Hollywood Reporter:
Univision and Mexico's Televisa unveil a $4.8B deal to merge, partly financed by a $1B Series C led by SoftBank's Latin American Fund — The two companies announce a plan to combine media, production and content assets. — Two of the biggest Spanish-language media companies in the world are planning to merge.
Discussion:
Financial Times, The Wrap, Axios, The Desk, @w7voa, @fidmart85, Forbes, Bloomberg, Deadline, Reuters, Variety, Radio & Television … and KABE-LP
New York Times:
Swiss billionaire Hansjörg Wyss, who joined with Stewart Bainum in the top Tribune bid, has ties to a group pushing progressive political policies and Democrats — The Swiss billionaire Hansjörg Wyss helped build a sophisticated behind-the-scenes operation that attacked Republicans and promoted Democratic causes.
Freddy Mayhew / Press Gazette:
Facebook rolls out a local news section for UK users of Facebook News, after launching a similar section in the US last year — Facebook has rolled out a local news section for UK users of Facebook News. — The social network said in a blog post that the new feature will help …
Discussion:
The Drum, One Man & His Blog and Facebook Journalism Project
Andrew Hutchinson / Social Media Today:
Report: in pitch decks submitted to US advertisers about new ad formats, TikTok says it has 732M MAUs globally, 100M+ in the US, 59% of its users are under 24 — TikTok is planning to launch a range of new eCommerce focused ad offerings as it seeks to maximize its revenue potential …
Discussion:
Insider, @tanyadua, @mattnavarra, @prodbywalkz, @dwhate, @tanyadua, @joshsternberg, @tanyadua and musically.com, more at Techmeme »
Radio Free Asia:
China puts US-based Radio Free Asia journalist Gulchehra Hoja on international terror wanted list for reporting on the Uyghur concentration camps — Among the 13 is an RFA Uyghur Service reporter Beijing says is on a ‘terrorist watchlist.’ — China's Ministry of Foreign Affairs has denounced …
Discussion:
@billbrowder
The Guardian:
UK government vetoes the reappointment of two women to Channel 4's board, against advice of the state-owned but privately-funded broadcaster's board and Ofcom — Decision not to renew Uzma Hasan and Fru Hazlitt was made against advice of Channel 4 and Ofcom
Sara Fischer / Axios:
Air Mail, former Vanity Fair editor Graydon Carter's media venture, expects to employ 40 people by year's end, up from 30 now, and has added an e-commerce shop — Former Vanity Fair editor Graydon Carter's new media venture, Air Mail, expects to employ 40 people by year's end …
Discussion:
@rickgamesnow, @airmailweekly, @tomgara, @rafat, @niemanlab, @simonowens, @sarafischer and The Flack on Stack
Paul Resnikoff / Digital Music News:
Spotify has now removed 42 episodes of The Joe Rogan Experience podcast, offering no explanations for the removals — Spotify is continuing to remove episodes of The Joe Rogan Experience as part of their $100 million exclusive relationship, with more nixed shows discovered this week.
Discussion:
Insider, The Wrap, The Desk, @seyitaylor, “Questioni d'o …, @naithanjones, @roberthaisfield, @rightwingwatch and @thekenyeung, more at Techmeme »
Patrick Brzeski / Hollywood Reporter:
In a public disclosure due to a new law, Netflix says its South Korea unit revenue grew 123.5% YoY to $356M in 2020 and operating profit grew 295% YoY to $7.5M — Revenue for the streamer's local unit, required to issue a profit and loss statement in the country for the first time due to a new law, more than doubled.
self.inc:
Analysis: Apple TV+ has the highest average IMDb score for its titles (7.24), but has fewer than 70 titles to choose from — It seems every few months there is a new TV streaming service asking us for a monthly subscription or confirming a price increase for the existing service.
Discussion:
The Streamable, AppleInsider and 9to5Mac