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 …
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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, ScreenRant, Financial Times, Yahoo Finance, Hollywood Reporter, CNBC, Observer, The Playlist, Collider and Media Play News
Hollywood Reporter:
WarnerMedia says it will delay the launch of HBO Max in Europe from H2 2021 to early 2022 as it focuses on subscriber growth in Latin America — The global rollout for WarnerMedia's streaming service has hit a fork in the road in 2021 as subscriber growth in Latin America becomes a near-term focus.
Discussion:
Variety, The Wrap and The Streamable
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:
MediaPost, @latlands, @acnatta, @lisatozzi, @sewellchan, @sorayamcdonald, @emilydreyfuss, @lpolgreen, @sdkstl, @meridak, @kyoshino, @craigsilverman and @niemanlab
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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:
Robert Feder, @laobserved, @megjameslat, @leynanguyentv and Chicago Sun-Times
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 …
Discussion:
New York Times, Mediaite, @irin, The Hill, The Wrap, @irin, @jeffyoung, @addysbaird, @mlcarmel, @tonyajoriley, @kansasalps, @patcaldwell, @maxjrosenthal, @emmacarew, @hshaban, @joemfox and @gabemschneider
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:
Variety, @joshuagreen, The Wrap, @xpangler, @thekenyeung, @anthony, @b52malmet, @levynews, Twitter and @brianstelter, more at Techmeme »
Adi Robertson / The Verge:
The Biden administration's promise to “review” Section 230 in response to anti-vax posts on Facebook will fail since being wrong online is protected speech — ‘Reviewing’ Section 230 isn't the answer to anti-vax posts — Last week, the White House declared war …
Discussion:
Fast Company, @justinamash, @matthewstoller, @zaidjilani, @giladedelman, NPR, @russellbrandom, @russellbrandom, @reckless, The Daily Beast, Politico and Techdirt, more at Techmeme »
Reuters:
Filing: Teads, which provides automated buying and selling of online ad space, plans to raise up to $808.5M in its US IPO, at a valuation of about $5B — Advertising technology company Teads BV, owned by French telecom company Altice, said on Wednesday it aims to raise up to $808.5 million through …
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 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.
Martha Carr / New Orleans Times-Picayune:
Times-Picayune and The Advocate to receive $1M from the Ford Foundation to double the size of the papers' investigative team and expand its geographic reach — The Times-Picayune and The Advocate will receive a $1 million gift from the Ford Foundation, one of the nation's largest philanthropic funds …
Discussion:
@k_mosbrucker, @denicewross, @bgrueskin, @brownjen, @kyle_whitfield, @gordonrussell1 and @aegallo
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