Top News:
Parker Molloy / The Present Age:
The New Yorker's Isaac Chotiner provides the blueprint for covering claims of “cancel culture” by inserting in-line fact checks in his Q&A with Alan Dershowitz — If such coverage must exist, it's time to go beyond the single-source story newspapers seem to have adopted …
Discussion:
New Yorker, @ichotiner, The Atlantic, @stevenacook, @brosandprose, @nelson, @parkermolloy, @blackamazon, @misfittorah, @margoandhow, @ronhogan, The Wrap and The Daily Beast
Bron Maher / Press Gazette:
NewsGuard, which rates news outlets using multiple criteria for credibility, downgrades Fox News from green, or trustworthy, to red, or “proceed with caution” — Fox News' credibility score has been downgraded to “red” by media watchdog Newsguard, meaning it “fails to adhere to several basic journalistic standards”.
Justin Baragona / The Daily Beast:
Verizon Fios, the largest pay TV service still carrying far-right channel OANN, will drop it on July 31, 2022, after a “business-as-usual carriage negotiation” — Verizon announced on Thursday that One America News will be removed from its channel lineup on July 31 …
Jonathan Vanian / CNBC:
Snap Q2: revenue up 13% YoY to $1.11B, vs. $1.14B est., DAUs up 18% to 347M, vs. 344.2M est., a $422M net loss, up from $152M YoY; stock falls 25%+ after hours — - Snap missed on the top and bottom lines in its second-quarter earnings report. — The company authorized a stock repurchasing program of up to $500 million.
Discussion:
Fast Company, Ad Age, The Guardian, Insider, One America News Network, @benbajarin, @kantrowitz, @levynews, @sunchartist, Adweek and Axios, more at Techmeme »
RELATED:
Hannah Murphy / Financial Times:
Snap plans to “substantially reduce” hiring, authorizes a stock repurchase program of up to $500M, and locks in CEO and CTO roles until at least January 1, 2027 — Social media company said it will ‘substantially reduce’ hiring and shake up strategy
Jon Porter / The Verge:
Facebook splits the Feed on iOS and Android into Home, a TikTok-style tab with recommended content, and Feeds, a chronological tab of followed pages and people — While new Feeds tab will show chronological content from pages you actually follow — Facebook's almighty News Feed is getting split in two... kind of.
Discussion:
Axios, Next in Marketing, @pierce, Meta, CNN, Neowin, The Drum, @richlightshed, @oliverdarcy, @brendannyhan, @jamespmcleod, @aaronbearden93, @carnage4life, @aria_gerson, @baekdal, @kylewilsontharp, @fidmart85, The Wrap, @jayrosen_nyu, @sarafischer, @jakemhs, iPhone in Canada Blog, @kerrymflynn, @5dollarfeminist, @axios, @jaredlholt, Adweek, Engadget, TechCrunch and Mashable, more at Techmeme »
Aaron Couch / The Hollywood Reporter:
A look at the Special Character Agreements that Marvel has with the creators of comic book characters, which give Marvel broad discretion to lower payments — Writers and artists who create characters that power the Marvel Cinematic Universe say the company offers a labyrinthine compensation system that underpays them.
Discussion:
@aaroncouch, @borys_kit, @pocculture, @simonowens, @evilgalprods, @jameshunt, @b1gg3r_m00n, @neilhimself, SlashFilm and Gizmodo
Annie Palmer / CNBC:
Twitter reports Q2 revenue of $1.18B, down 1% YoY, a net loss of $270M, down from $66M in net income last year, and 237.8M mDAUs, up 16.6% YoY — - Twitter reported earnings for the second quarter on Friday that missed analyst estimates on earnings, revenue and user growth.
Discussion:
Variety, The Wrap, CNET, Deadline, Wall Street Journal and The Hollywood Reporter, more at Techmeme »
Sara Guaglione / Digiday:
Publishers that make money via affiliate marketing, including Hearst, Leaf Group, Future, Reviewed, and Wirecutter, say they saw record Amazon Prime Day sales — Despite unstable macroeconomic conditions and historic inflation in the U.S., many publishers had record Amazon's Prime …
Discussion:
@digiday, @simonowens and @dcnorg
Theo Schear / Nieman Lab:
Channel 5 News, a “part parody, part camouflage” brand with 1.94M YouTube subscribers, offers news for the disengaged by recording people's reactions to events — “People who don't watch the news watch me. People who watch the news don't watch me."
Discussion:
@simonowens
Todd Spangler / Variety:
Netflix VP of Product Todd Yellin, who has worked at the company for almost 17 years, is leaving in September 2022 to pursue potential film and TV projects — Netflix veteran Todd Yellin, who has led the streamer's product teams spanning functions from user interface to pricing, is leaving the company.
Discussion:
@jank0, @xpangler, @richlightshed and The Hollywood Reporter
Dave Jamieson / HuffPost:
The Atlantic's tech and business workers tell management they plan to form a union with ~130 people in jobs like data analysis, software engineering, and sales — Workers are following in the footsteps of their editorial counterparts and asking the media company to recognize the union and bargain a contract.
Discussion:
@atlbiztechunion, @beep, @newsroomdev, @ashleyfeinberg, @benschwartz710, @fhill_official, @atlbiztechunion and nyguild.org
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