Top News:
Todd Spangler / Variety:
AT&T Q2: HBO Max and HBO have 67.5M subscribers, up 12M YoY; HBO Max subscription revenue grew 39% YoY to $2B; WarnerMedia income fell 11.3% YoY to $1.7B — For the second quarter of 2021, the company reported a net gain of 2.8 million total domestic HBO Max and HBO subscribers …
Discussion:
The Wrap, AT&T, Fast Company, @richlightshed, @thewrap, @xpangler, @richlightshed, MediaPost, FierceVideo, @richlightshed, @attnews, The Streamable, Los Angeles Times, Light Reading, Wall Street Journal, The Streamable, CBS San Francisco, Cord Cutters News, Media Play News and Hollywood Reporter
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Cynthia Littleton / Variety:
Jason Kilar says Warner Bros. will produce at least 10 movies exclusively for HBO Max in 2022 — Warner Bros. will produce 10 or more movies exclusively for HBO Max in 2022, WarnerMedia CEO Jason Kilar said Thursday as he declared “motion pictures matter and will continue to matter.”
Discussion:
New York Times, /Film, Financial Times, Yahoo Finance, @edmundlee, ScreenRant, The Playlist, Hollywood Reporter, Junghoon's Direct Media …, @xpangler, Collider, CNBC, Observer, UPROXX and Media Play News
Los Angeles Times:
LA Times names Shani Hilton to a newly created role, managing editor for new initiatives; she'll oversee podcasts and video and foster newsroom experimentation — Shani Hilton has been appointed to the newly created role of managing editor for new initiatives at the Los Angeles Times, effective immediately.
Discussion:
@kristoncapps, @lisatozzi, @craigsilverman, @acnatta, @niemanlab, @sewellchan, @sorayamcdonald, @emilydreyfuss, @lpolgreen, @sdkstl, @meridak, @latlands, @kyoshino and MediaPost
Chris Krewson / LION Publishers:
As local newspapers like Chicago Tribune die, digital ecosystems that unbundle legacy newsrooms have the potential to truly reflect and serve their communities — Digital newsrooms are having a moment — but they're not “replacing” something. They're creating something new, which could do much more.
Matthew Gault / VICE:
Old stories on news sites including WaPo are displaying embedded porn videos after the domain for the defunct video service Vidme was bought by a porn company — Stories on major news sites like ‘The Washington Post,’ and ‘New York Magazine’ currently have porn embedded in them.
Discussion:
The Wrap, Awful Announcing, Crikey, @motherboard, CNET, The Verge, @caseynewton, @epro, @annemariebridy, @motherboard, @taylorlorenz, @s_m_i, @margarita and @davidbix, more at Techmeme »
Oliver Darcy / CNN:
WaPo reporter Felicia Sonmez sues WaPo, Marty Baron, and other editors, claiming she faced discrimination after disclosing she was a sexual assault victim — New York (CNN Business)A reporter at The Washington Post filed a lawsuit Thursday against the newspaper, its former top editor …
Keith J. Kelly / New York Post:
In his final Media Ink column, Keith Kelly shares stories from his 23 years at NY Post, about David Remnick, David Carr, Graydon Carter, Jane Mayer, and others — This is my farewell column for Media Ink, which is going out of publication with my retirement.
Discussion:
@politico_steve and @oliverdarcy
Sara Guaglione / Digiday:
Future PLC, which owns Tom's Guide, Marie Claire, and more, says it drove nearly $1B in e-commerce revenue for its affiliate partners in 2020 — Future PLC's 2020 e-commerce business boom has carried over into 2021. — The U.K. media company — which owns brands like Tom's Guide …
Discussion:
@sarahmarshall
Benjamin Mullin / Wall Street Journal:
Former CBS CEO Joe Ianniello has launched a SPAC, called Argus, and hopes to raise $300M+ to pursue an acquisition in media, telecommunications, or technology — SPAC, dubbed Argus, hopes to raise at least $300 million and is hunting for an acquisition in media, telecom or technology
Discussion:
The Wrap, @benmullin and Hollywood Reporter
Salvador Rodriguez / CNBC:
Snap Q2: revenue of $982M, up 116% YoY, DAUs up 23% YoY to 293M, and net loss shrunk 53% YoY to $152M; stock is up 13%+ after hours — - Snap on Thursday reported its second-quarter earnings, beating expectations across the board for earnings, revenue and user growth.
Discussion:
The Wrap, Snap Inc., Ad Age, Axios, Los Angeles Times, Variety, @sandhya, @carnage4life, @variety, @xpangler, @heidi_chung and @roter, more at Techmeme »
Jordan Novet / CNBC:
Twitter beats with Q2 revenue of $1.19B, up 74% YoY, vs $1.07B est., ad revenue of $1.05B, up 87% YoY, and mDAUs of 206M, up 11% YoY; stock is up 8%+ — - Twitter's revenue growth accelerated and surpassed analysts' expectations. — The social-media company introduced its first subscription service in the quarter.
Discussion:
TechCrunch, Variety, @joshuagreen, Adweek, Axios, The Wrap, The Verge, @xpangler, @b52malmet, @thekenyeung, @anthony, @brianstelter, Twitter, @levynews and @hedgemind, more at Techmeme »
Meg James / Los Angeles Times:
CBS ousted two senior managers responsible for Los Angeles and Chicago TV stations after an internal investigation into misconduct claims at local TV stations — In a sweeping shake-up, CBS has ousted two senior managers responsible for its television stations in Los Angeles and Chicago.
Discussion:
The Wrap, Variety, Robert Feder, @megjameslat, @leynanguyentv and @laobserved
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