Mediagazer: Analysis of 47 newsroom union units finds first contract negotiations average ~18 months and voluntary recognition doesn't seem to shorten negotiations (Angela Fu/Poynter)

1:15 PM ET, July 24, 2021

Top News:

Jon Allsop / Columbia Journalism Review:

How the media is covering the Olympics, as COVID restrictions limit reporters' access to events and athletes and the absence of spectators dampen the atmosphere — The Olympic Games officially open today. Thousands of people, including journalists, have faced a gauntlet of health restrictions …

Discussion: Sports Illustrated, E! Online, New York Times, @deccanherald, @cjr, @palafo, The Indian Express, @yencomgh, USA Today, The Boston Globe, @cjr, @julietmacur, @naomiohreally, People.com, The Daily Beast, New York Times, Reuters and Poynter

Tiffany Hsu / New York Times:
How companies have updated their Olympics ad campaign strategies over the last year, including United, which won't advertise on linear TV

Discussion: @bylindsayhjones, @oliverdarcy, Newspitality, ESPN, CBS Boston and Metro.co.uk

Ingrid Lunden / TechCrunch:

Taboola says it is buying retail- and e-commerce-focused ad network Connexity for $800M in cash and stock — Taboola, the company that operates a popular grid-based advertising and content recommendation network across media properties, today announced an acquisition to expand its reach further …

Discussion: Bloomberg, AdExchanger, ZDNet, MediaPost, Ad Age and Adweek, more at Techmeme »

Martin Matishak / The Record:

Sources: an NSA review finds no evidence for Tucker Carlson's claims the agency spied on him; Carlson's name was “unmasked” after third parties mentioned it — The NSA has found no evidence to support Tucker Carlson's accusations that the agency had been spying on him in an effort …

Jon Brodkin / Ars Technica:

The couple behind EcommerceBytes has sued eBay and ex-CEO Devin Wenig, as some members of eBay's security team face criminal charges for targeting them — Filing in bloody pig mask case says “morning shots of alcohol” were common at eBay. — A former eBay security official who pleaded guilty …

Discussion: @marcorandazza, @ranjanxroy, @harrymccracken, @kenpex, @lordbikebot, @slhintze, EcommerceBytes and Insider

Angela Fu / Poynter:

Analysis of 47 newsroom union units finds first contract negotiations average ~18 months and voluntary recognition doesn't seem to shorten negotiations — More and more workers are heading to the bargaining table for the first time, and some are finding contract negotiations to be surprisingly difficult

Sam Kille / Rebuild Local News:

Senators introduce Local Journalism Sustainability Act, which would offer tax credits to news consumers, local outlets, and SMEs to advertise in local outlets — Rebuild Local News, a coalition representing more than 3,000 local newsrooms, funders of local journalism, and civil society …

Discussion: Report for America, @stevenwaldman, @wgaeast, @bgrueskin, @timafranklin, @bgrueskin, @penamerica, @stevenwaldman, @shawn_mooring, @whatworks_nu, @scottbrodbeck, @tomlappas, @heidilegg, @sarahscire, U.S. Senator Maria Cantwell …, Radio & Television …, The NewsGuild - CWA and Editor and Publisher

Dean Takahashi / VentureBeat:

Outbrain closes flat on its first day of trading, after raising $160M in its IPO at a valuation of $1.25B — Watch now. — Outbrain, which provides recommended web links at the bottom of news stories, raised $160 million at a $1.25 billion valuation in its initial public offering today.

Discussion: @crainsnewyork, MarketWatch, @yonicheifetz, @mukund, Reuters, TheStreet, @tomjenen and Crain's New York Business

Susan Elizabeth Shepard / Study Hall:

A look at the showdown between Lee Enterprises and the Buffalo News, as Buffalo union fights for a local copy desk and job security protections — When Lee Enterprises bought The Buffalo News from Berkshire Hathaway last year, it ended the paper's long run of independence.

Discussion: @susanelizabeth, @studyhallxyz and @susanelizabeth

Andrew Roth / The Guardian:

Russia labels Latvia-based The Insider a foreign agent; The Insider, whose staff often work in Russia, helped Bellingcat probe Kremlin's assassination attempts — Move against the Insider seen as revenge for part in revealing Kremlin's role in Salisbury and other assassination attempts

Discussion: Meduza.io, Radio Free Europe/Radio …, @lukeharding1968, @kenroth, Washington Post and Reuters

Joanna Tan / CNBC:

China's antitrust authorities order Tencent Music to end its exclusive music licensing deals with global record labels within 30 days and impose a fine of ~$77K — - The State Administration for Market Regulation on Saturday ordered Tencent to give up its exclusive music licensing rights …

Discussion: South China Morning Post, Banking on the Market, Associated Press, Japan Times, Reuters and Agence France-Presse, more at Techmeme »

eMarketer:

Influencer marketing spending in the US is set to grow more than 30% this year and exceed $3B — Influencer marketing spending in the US is set to grow more than 30% this year and surpass a key milestone. According to our inaugural forecast on US influencer marketing spending …

Discussion: musically.com

Mike Juang / Ad Age:

NBCU is adopting the Ad-ID identifier, which helps reduce ad repetition and separate competitors' ads by assigning a trackable code to each ad — Collaboration between 4A's and ANA expands on existing work on broadcaster's Peacock streaming service — NBCUniversal is looking to clean …

Discussion: MediaPost and Adweek

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Meg James / Los Angeles Times:
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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

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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%+

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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

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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

From Techmeme:

Jess Weatherbed / The Verge:
Google rolls out a new Gmail encryption model for enterprises in beta that doesn't require senders or recipients to use custom software or exchange certificates

Financial Times:
Sources: a16z is in talks to join the Oracle-led frontrunner bid for TikTok's US arm, after being approached along with Blackstone Group and others

Bloomberg:
Sources: SoftBank is seeking a bridge loan of as much as $16.5B to help fund AI investments in the US, its largest-ever borrowing denominated solely in USD

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