Top News:
Katie Robertson / New York Times:
Texas Tribune names Sewell Chan as its editor-in-chief, starting October 18; Chan currently oversees the LA Times' editorial board and opinion section — Mr. Chan, who became The Times's editorial page editor last year, will be the editor in chief of The Texas Tribune starting Oct. 18.
Discussion:
The Texas Tribune, @evanasmith, @katie_robertson, @sewellchan, Los Angeles Times, @aaja, @bylizrobbins, @evanasmith, @liamstack, @jenny8lee, @froomkin, @jamesfallows, @evanasmith, @pekingmike, @rickhasen, @doristruong, @jswatz, @sarabethberman, @michaelluo, @pamelacolloff, @eramshaw, @raju, @evanasmith, @dicktofel, @ckrewson, @jeffjarvis, @eramshaw, @jdelreal, @agordonreed, @sree, @mitrakalita, @philiprucker, @lzgranderson, @jakesherman, @grynbaum, @bryancurtis and The Wrap
Gilad Edelman / Wired:
Mozilla's analysis says Facebook's justifications for cutting off access to researchers running NYU's Ad Observatory project “simply do not hold water” — The company says privacy concerns forced it to block access for a team of academics. Whose privacy, exactly?
Discussion:
Columbia Journalism Review, Tech Policy Press, @lauraedelson2, The Mozilla Blog, Washington Post, Crain's New York Business, Knight First Amendment …, @profcarroll, @random_walker, Wall Street Journal, BBC, American Press Institute, @digiphile, @elipariser, @davidhmandel, @rebekahktromble, @arzugeybulla, @daithaigilbert, @jason_kint, @jesselehrich, @giladedelman, @rebekahktromble, @freepress, @rebekahktromble, @sachp, @themarkup, @tarletong, @justinhendrix, @doctorow, @risj_oxford, Bloomberg, Platformer, The Verge, Forbes, NPR, Common Dreams, Protocol, The Register and MediaPost, more at Techmeme »
Lucas Shaw / Bloomberg:
South Park creators Trey Stone and Matt Parker sign a six-year, $900M+ deal with ViacomCBS for 14 spinoff movies for Paramount+ and episodes for Comedy Central — The expanding ‘South Park’ universe will include new movies for Paramount+ — The creators of “South Park” …
Discussion:
Hollywood Reporter, South Park United States, The Streamable, ComingSoon.net, @jasonschreier, @jodyhighroller, IndieWire, Gawker, @dellcam, Collider, ScreenRant, Observer, @richlightshed, @chrisblundell, @lanceulanoff, @alexweprin, The Wrap, Vanity Fair, Mediaite, @themattfowler, @alexpardee, @wyntermitchell, @theryanparker, @theryanparker, Los Angeles Times, ResetEra, WGN-TV, Media Play News and Variety
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Brian Steinberg / Variety:
ViacomCBS Q2: net income of $1.04B on $6.6B revenue; 6.5M new streaming subscribers for 42M total; new deal with Sky will bring Paramount+ to Europe in 2022 — ViacomCBS said second quarter profit rose as advertisers spent more robustly on its media assets and the company saw new revenue from a host of streaming initiatives.
Discussion:
AdExchanger, The Streamable, MediaPost, Business Wire, The Wrap, Variety and ComingSoon.net
Michael M. Grynbaum / @grynbaum:
[Thread] Memo from CNN's Jeff Zucker: the company has fired three employees in the last week who had been coming into the office unvaccinated — CNN terminated “three employees who were coming to the office unvaccinated,” per memo from Jeff Zucker. “We have a zero-tolerance policy on this.”
Discussion:
New York Times, Variety, Mediaite, The Hill, TVNewser, Insider, Breitbart, The A.V. Club, @stephenfarrow, @normwilner, UPROXX, @kbibbinsdomingo, @jeffjarvis, @grynbaum, @normwilner, @cruellasbff, @imillhiser and @jackposobiec
News Corporation:
News Corp CEO says deals with major tech platforms will add annual revenue “into nine figures” as the company reports Q4 net loss of $15M on revenue of $2.49B — Fiscal 2021 Full Year Key Financial Highlights — Revenues were $9.36 billion, a 4% increase compared to $9.01 billion …
RELATED:
Sarah Scire / Nieman Lab:
Jay Rosen's Membership Puzzle Project is ending; a key takeaway is that membership is no panacea, as most sustainable outlets have multiple revenue sources — The public research project analyzed membership projects worldwide. They found successful communities were fixated on learning what their members value.
Discussion:
@curtwoodward and @azirulnick
Michael M. Grynbaum / New York Times:
Sources: CNN execs floated the idea of a temporary leave for Chris Cuomo in May if he wanted to formally advise his brother on reacting to sex harassment claims — Chris Cuomo, the top-rated host, left some colleagues confused after he did not acknowledge the calls for Gov. Andrew Cuomo's resignation during his Tuesday show.
RELATED:
The Information:
Source: Hello Sunshine, which sold at a valuation of $900M, is expected to reach $125M in revenue this year and generated $65M last year — Since a Blackstone-led group agreed to buy Hello Sunshine at a valuation of $900 million this week, there's been lots of talk about the rich prices Hollywood studios …
Dade Hayes / Deadline:
Lionsgate Q1 revenue rose to $901.2M, up 11% YoY and in line with expectations; global subscriber levels totaled 28.9M, down from 29.5M the prior quarter — Lionsgate reported results that hurdled the expectations bar, but reflected a quarter-to-quarter slowdown at Starz.
Discussion:
Variety, The Wrap and investors.lionsgate.com
Matt Skibinski / NewsGuard:
NewsGuard/Comscore on digital ad spending: $2.6B goes to “misinformation” sites globally each year; for every $2.16 sent to US newspapers, misinfo sites get $1 — An analysis of programmatic advertising data conducted by NewsGuard and Comscore finds that misinformation publishers …
Discussion:
Insider, @tanyadua, @joshsternberg, @jason_kint, @veenamccoole, @mskibinski, @nandoodles and @froomkin
Naman Ramachandran / Variety:
Ofcom study: Netflix's UK customer base is now bigger than the total of all UK pay-TV subs; UK has 31M subscribers to streaming services, up from 20M in 2019 — Some 52% of U.K. households have a Netflix subscription and 29 of the top 30 shows on subscription services in the first quarter …
StreetInsider.com:
Penn National Gaming, which owns Barstool Sports, is buying betting and media company theScore for approximately $2B in cash and stock — Penn National Gaming, Inc. (Nasdaq: PENN) (and Score Media and Gaming, Inc. (Nasdaq: SCR) announced today that they have entered into a definitive agreement …
Discussion:
@darrenrovell, @darrenrovell, @richlightshed, @sarafischer, @mkerns, @ericfishersbg, Bloomberg, @pngaminginc, Awful Announcing and Insider
Mark Stenberg / Adweek:
Bloomberg Media and Ebony announce a year-long content-sharing collaboration to cross-pollinate the Bloomberg Equality and Ebony audiences — Bloomberg Media and Ebony are teaming up to make Black stories more visible. The two publishers announced a year-long content-sharing collaboration …
Discussion:
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