Top News:
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, Forbes, The Desk, @w7voa, Bloomberg, @fidmart85, Deadline, Reuters, Variety, Radio & Television … and KABE-LP
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, @mattnavarra, @prodbywalkz, musically.com, @dwhate, @tanyadua, @joshsternberg, @tanyadua and @tanyadua, more at Techmeme »
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
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.
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 »
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.
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:
@brianstelter
Helen Davidson / The Guardian:
Hong Kong media mogul Jimmy Lai writes to his Apple Daily staff ahead of his sentencing for participating in a protest: “Freedom of speech is a dangerous job” — Media mogul writes from prison that ‘freedom of speech is a dangerous job’ but journalists must uphold justice
Discussion:
@penamerica, @freedomofpress, @kenroth, @rasmus_kleis, @forfreemedia and Hong Kong Free Press HKFP
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
James Risen / The Intercept:
High-tech government leak investigations threaten modern investigative reporting, but reporters need to keep working with sources, being honest about risks — When I became a reporter, I was surprised to discover a trait that I had never before recognized in myself. — People liked to talk to me.
Discussion:
@bgrueskin, @theintercept, @stellamoris1, @facoalition, @froomkin, @skirchy, @sarcasmstardust and @kgosztola
Katie Robertson / New York Times:
Over 650 tech workers at the NYT announce they have formed a union to be represented by the NewsGuild of New York and are seeking union recognition from the NYT — Tech workers at The New York Times announced on Tuesday that they had formed a union and would ask the company to recognize it.
Joe Flint / Wall Street Journal:
Sources: CBS News President Susan Zirinsky is nearing a deal to step down from the role and sign a wide-ranging production partnership with ViacomCBS — Longtime CBS News producer expected to sign production partnership with parent ViacomCBS — CBS News President Susan Zirinsky is nearing …
Discussion:
Poynter, Variety, @bristei, @dylanbyers, @davidclinchnews, The Hill, New York Post, Mediaite and The Wrap
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