Mediagazer: How Industry Dive, which has 26 publications in 23 industry segments and $100M+ in revenue, became highly profitable by embracing ads, making big bets, and more (Brian Morrissey/The Rebooting)

5:50 PM ET, July 21, 2022

Top News:

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.

Justin Baragona / The Daily Beast:

Verizon Fios, the largest pay TV service still carrying far-right channel OANN, says it will no longer carry it after July 31, 2022, due to a carriage dispute — Verizon announced on Thursday that One America News will be removed from its channel lineup on July 31, leaving the far-right network with almost no TV providers.

Discussion: The Daily Beast, @thedailybeast, @justinbaragona, @rvawonk, @revrrlewis, @markgongloff, @zaackhunt and Media Matters for America

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: TechCrunch, @kantrowitz and @levynews, more at Techmeme »

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 blames tough economic conditions as it posts net losses of $422mn

more at Techmeme »

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”.

Discussion: @nandoodles, @checkmyadshq, @jljacobson, @moonalice, @pressgazette, @pressgazette and @pressgazette

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: @richlightshed, @jank0, @xpangler and The Hollywood Reporter

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: @dcnorg, @digiday and @simonowens

Brian Morrissey / The Rebooting:

How Industry Dive, which has 26 publications in 23 industry segments and $100M+ in revenue, became highly profitable by embracing ads, making big bets, and more — Riches in niches — Publishing is often treated as a monolith, but there are many types of publishers with different business models.

Discussion: @nataliegilmor, @simonowens, @seangriffey, @christopherwink, @freightalley and @ryanwillumson

Benoit Berthelot / Bloomberg:

A profile of Vincent Bolloré, dubbed the “French Murdoch”, whose €20B conglomerate controls Vivendi, which owns Canal+, TV channel CNews, and publisher Hachette — The seven-part 2019 American television series “The Loudest Voice” on Roger Ailes …

Discussion: @bbgneweconomy

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, nyguild.org, @newsroomdev, @ashleyfeinberg, @benschwartz710, @fhill_official and @atlbiztechunion

Dylan Smith / Digital Music News:

Warner Music Group becomes the first major label to adopt SoundCloud's user-centric payouts based upon listening instead of Spotify and others' pro rata model — About three months after celebrating the anniversary of its fan-powered royalty model, SoundCloud has officially inked a global licensing deal with Warner Music Group.

Discussion: Axios, Engadget, The Verge, Complete Music Update, TechCrunch, @kerrymflynn and Music Ally

Naman Ramachandran / Variety:

Ofcom: Instagram becomes UK teens' most popular news source, used by 29%; 28% use TikTok and YouTube and 24% use BBC One and Two, down from 45% five years ago — Instagram, TikTok and YouTube are now the preferred mode of news consumption for British teenagers, a report by U.K. media regulator Ofcom has found.

Discussion: Press Gazette, iPhone in Canada Blog, The Guardian, 9to5Mac, Reuters, Mashable, Times of India and The Independent, more at Techmeme »

Archived Page Info:

This is a snapshot of Mediagazer at 5:50 PM ET, July 21, 2022.

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Who's Hiring in Media?

Output Producer, CA — AP

China Markets Correspondent, Shanghai — Reuters

Senior Assignment Editor, DC — WaPo

Breaking News Editor, Tokyo — Bloomberg

Senior Correspondent - Wealth, NY — WSJ

Reporter - Ottawa Bureau — Globe & Mail

Local Government Reporter, IA — The Gazette

Research Director, CA — OCBJ

Immigration Enforcement Reporter — Documented

Presque Island Reporter, ME — Bangor Daily News

Contributing Parks Ed. - SW, CA — SFGATE

AI Content Editor, WA — Outlier

Legislative Reporter, TN — Daily Memphian

Editorial Assistant, Remote US — Launch Potato

Elon Musk Reporter, NY or CA — The Information

Government & Politics Editor, WA — Seattle Times

Business & GA Reporter. VT — VTDigger

Sports Reporter, WA — Everett Herald

Energy Reporter, TX — Houston Chronicle

Senior Reporter, SC — Island Packet

Trade & Climate Correspondent, DC — FT

Reporter, WI — Racine County Eye

Political Newsletter Writer, CO — The Lever

Jackson Reporter, MS — Verite

Music Editor, AZ — Phoenix New Times

Breaking News Reporter, NV — Las Vegas Sun

Fearless Reporter/Producer, IA — BPC

Reporter II - Technology, Remote — NPR

Editor, Remote US — Daily Kos

City Reporter, WA — Tacoma News Tribune

Executive Editor, OR — Lookout Local

Education & Budget Reporter, CA — Politico

Senior Writer/Editor, FL — Gulfshore Business

Media Editor, Remote — Axios

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AJ Vicens / CyberScoop:
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Christine Hall / TechCrunch:
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Cristina Criddle / Financial Times:
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Discussion: @mark_ajohnson, @hare_brain, @neerajka, 9to5Mac, @muradahmed, Reuters and AppleInsider, more at Techmeme »

Jim Waterson / The Guardian:
The BBC agrees to pay damages to a former nanny for false allegations she had an affair with Prince Charles, used to get the Princess Diana Panorama interview

Discussion: Press Gazette, New York Times, New York Post, CBS News, @cspencer1508 and Variety

Ryan Barwick / Marketing Brew:
Research: Reddit's brand-safety approach to monetization is cautious, labeling all subreddits as no_ads until a manual human review applies some_ads or all_ads

Earlier Picks:

Rebecca Klar / The Hill:
A US House panel votes 53-2 to advance the American Data Privacy and Protection Act, which would affect ad targeting and how tech companies use people's data

Discussion: Inside Radio, The Register, MediaPost, @commonsense, Marketing Dive and Free Press

Katie Robertson / New York Times:
Taliban agents “detained, abused, and threatened” Lynne O'Donnell, an Australian veteran war reporter, and forced her to tweet retractions for accurate articles

Discussion: Committee to Protect …, @niemanlab, @pagossman, @kenroth, @abramowitz, The Guardian, The Hill, @shaharzadakbar, @nialakhalil, @katie_robertson, @lynnekodonnell, Foreign Policy and Mediaite

Roshni Neslage / American Journalism Project:
American Journalism Project announces $3.15M to support three nonprofits: The City, ICT, and Verite, a sister newsroom of Mississippi Today launching this fall

Discussion: American Press Institute, @indiancountry, @craignewmark, @mstodaynews, @peterlattman, @tmorris504, @thecityny, @sarabethberman, @vegalteno and Indian Country Today

Cissy Zhou / Nikkei Asia:
Baidu's video streaming service iQiyi signs a content deal with Douyin, TikTok's sister app in China, ending a long dispute over alleged copyright infringement

The Guardian:
The Guardian reports £255.8M revenue for the year ending April 3, 2022, up 13% YoY, and £6.7M net operating inflow; digital revenue surpassed print, a first

Discussion: The Guardian, Axios, @tempehlover, Digiday, @drfrancesryan, @chrismoranuk, @horton_official, @jackpowerit, @apradhan1968, @mariaramirezny, @arusbridger, @apradhan1968, @lexytopping, @vivian and Press Gazette

From Techmeme:

Wall Street Journal:
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Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November

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