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2:10 PM ET, July 20, 2022

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 Top 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
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.
Haroon Siddique / The Guardian:
UK's justice secretary announces proposals for a three-stage test for courts in England and Wales to dismiss SLAPP lawsuits at an early stage  —  Strategic lawsuits against public participation have been used by rich to try to stifle free speech  —  Courts in England and Wales are to be granted …
Kyle Wiggers / TechCrunch:
Crunchbase has raised a $50M Series D led by Alignment Growth and says it has 75M+ unique visitors annually and recently surpassed 60,000 paying customers  —  In both down times and boom times, businesses across industries are faced with the challenge of building sales pipelines and closing revenue.
Charlotte Tobitt / Press Gazette:
Evening Standard editor Charlotte Ross departs suddenly; deputy editor Jack Lefley will become the paper's fourth editor or acting editor in just over two years  —  Evening Standard acting editor Charlotte Ross has left the newspaper with immediate effect.  —  Her exit means the Evgeny …
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”
Alex Weprin / The Hollywood Reporter:
Byron Allen's Allen Media Group will buy Black News Channel out of bankruptcy for $11M and plans to revive it; previous owner Shahid Khan invested $100M in BNC  —  The cable news channel, initially founded by Jacksonville Jaguars owner Shad Khan, had shut down in March.
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.
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 …
Sara Fischer / Axios:
FaZe Clan, an esports collective of gamers and content creators, goes public via a $725M SPAC merger, less than the initial ~$1B proposed valuation  —  FaZe Clan, one of the largest global gaming companies, began trading publicly on the Nasdaq Wednesday, following its merger Tuesday …
 
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Aisha Malik / TechCrunch:
Instagram announces Boosted Reels, which lets businesses turn their Reels that don't use third party IP into ads
Discussion: PetaPixel and Social Media Today
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
 Earlier Picks: 
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