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9:25 AM ET, July 20, 2022

Mediagazer

 Top News: 
Sarah Whitten / CNBC:
Netflix reports Q2 revenue up 9% YoY to $7.97B, vs $8.04B est., and a 970K subscriber loss vs an estimated 2M subscriber loss; stock jumps 5%+ after hours  —  Netflix shares jumped 6% after the company said it lost fewer subscribers than anticipated during the second quarter.
RELATED:
Todd Spangler / Variety:
Netflix plans to launch its cheaper, ad-supported plan in “the early part of 2023”, starting in “a handful of markets where advertising spend is significant”
Wall Street Journal:
Memo to staff: Meta is reallocating resources from Facebook's News tab and newsletter platform Bulletin, as the company focuses more on the creator economy  —  Senior executive tells employees that News tab and Bulletin newsletter platform will be ‘put on the backburner’
Matthew Doig / Medium:
An LAT editor who worked on the story about drug use by a USC dean refutes the claims made in a book by an LAT reporter about editors trying to kill the story  —  An LA Times reporter's book claims corrupt editors — myself included — tried to protect USC from an embarrassing exposé.
Sara Fischer / Axios:
Bloomberg Media is planning a major international expansion starting in 2022, hiring in-house talent in some markets and partnering with local outlets in others  —  Bloomberg Media is planning a major expansion into localized coverage of different regions around the world, CEO Scott Havens told Axios.
Discussion: @sarafischer and Talking Biz News
The Guardian:
Guardian reports annual revenue for the year to April 2022 of £255.8M, up 13% YoY, and net operating inflow of £6.7M; digital revenue surpasses print, a first  —  Guardian Media Group (GMG) today announces outstanding financial results for the 12 months to 3 April 2022
Discussion: The Guardian
Karen Maniraho / Columbia Journalism Review:
Q&A with five journalists who cover internet culture on how they describe their beat, decide what to cover, navigate algorithms, and more  —  Five journalists on covering the internet in search of meaning, not viral trends  —  “Ours is a period of increasing noise,” Jason Parham wrote earlier this year, for Wired.
Discussion: @fka_tabs, @saba_h and Today in Tabs
Suchitra Mohanty / Reuters:
India's Supreme Court orders the release on bail of journalist Mohammed Zubair, who was arrested last month for an allegedly “highly provocative” 2018 tweet  —  India's Supreme Court on Wednesday ordered the release on bail of a prominent journalist arrested last month over what police said was a …
Tatiana Siegel / Rolling Stone:
Bots amplified the fan-led campaign to release Zack Snyder's Justice League; 13%+ of users in the conversation were deemed fake, above the typical 3% to 5%  —  A WarnerMedia report reveals that bots and other inauthentic users bolstered the fan-led campaign for director Zack Snyder's Justice League do-over
Todd Spangler / Variety:
YouTube rolls out new shopping features, including a Shopify partnership to let eligible US creators and merchants link their Shopify store and YouTube channel  —  YouTube already soaks up billions of hours of the world's attention.  Now the video giant also wants to hoover up a bigger piece of consumers' online purchases.
Andrew Fedorov / The Fine Print:
Three Substack Local fellows say the year-long grant program didn't provide much business support; Substack's Hamish McKenzie says success wasn't guaranteed  —  Last April, Substack committed $1 million to a program to give grants for local journalists to launch publications …
 
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 More News: 
Erin Overbey / @erinoverbey:
[Thread] The New Yorker's Erin Overbey details the ways she was punished through a performance review after speaking up about gender inequality at the outlet
Sara Fischer / Axios:
Charter, an outlet that covers the future of work, raised a $3M seed to debut Charter Pro, a membership-based insights service for HR leaders by the end of 2022
Sara Fischer / Axios:
UK events and publishing company Informa acquires Industry Dive, a US business newsletter publisher, for $389M in cash and up to $525M depending on performance
 Earlier Picks: 
Jim Waterson / The Guardian:
Extinction Rebellion activists put up “tell the truth” posters and smashed the windows of News UK's London offices over the company's coverage of climate change
Ben Kesslen / New York Post:
The Pulitzer Prize Board rejects Trump's call to rescind the 2018 prizes it gave to The New York Times and The Washington Post for the Russian collusion story