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4:50 PM ET, July 22, 2022

Mediagazer

 Top News: 
Annie Palmer / CNBC:
Twitter reports Q2 revenue down 1% YoY to $1.18B, vs. 1.32B est., a $270M net loss, down from $66M in net income a year ago, 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.
RELATED:
Jacob Kastrenakes / The Verge:
Twitter says Q2 ad revenue grew 2% YoY to $1.08B and blames its revenue slide on uncertainty around Elon Musk's “pending acquisition” and ad industry problems  —  Musk is creating ‘uncertainty’ for advertisers  —  Twitter would have earned more money over the past few months if Elon Musk hadn't been in the picture.
Joe Otterson / Variety:
WWE CEO and Chairman Vince McMahon says he is retiring, amid allegations that he paid four women $12M+ to keep quiet about his alleged affairs and misconduct  —  Vince McMahon is retiring from WWE.  —  “As I approach 77 years old, I feel it's time for me to retire as Chairman and CEO of WWE …
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 …
Erin Taylor / Observer:
MEL Magazine lays off all its staff again; MEL closed in March 2021 after Dollar Shave Club pulled support, and Recurrent Ventures relaunched it in August 2021  —  Mel Magazine lays off its entire staff, bringing into question the future of the publication yet again.  —  MEL Magazine is folding, again.
Esther Kezia Thorpe / Digital Content Next:
Acast co-founders Måns Ulvestam and Karl Rosander are working on an à la carte model to buy podcast episodes and eventually articles, priced above micropayments  —  Most media monetization models are reliant on two sources: advertising or consumers paying.
Discussion: @dcnorg, Thanks:@estherkeziat
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.
Gabriela Selser / Associated Press:
La Prensa, a major Nicaraguan newspaper, says staffers have been forced to leave the country after authorities arrested two of its reporters earlier in July  —  MEXICO CITY (AP) — One of Nicaragua's leading national newspapers announced Thursday on its website that its staff had been forced …
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”  —  Update, 22/7/22: Newsguard has now revised down the scores for both Fox News and rival liberal network MSNBC.
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.
RELATED:
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 …
Sara Fischer / Axios:
Sources: CNN CEO Chris Licht met with Nancy Pelosi, Mitch McConnell, and a few other senior congressional leaders to strengthen CNN's ties with key lawmakers  —  CNN CEO Chris Licht met with a handful of senior Congressional leaders from both sides of the aisle on Capitol Hill Tuesday …
AJ Vicens / CyberScoop:
Ukraine says hackers attacked TAVR Media, which operates nine radio stations, to broadcast a fake message that President Zelenskyy was in critical condition  —  Cyber criminals attacked a Ukrainian company that operates nine “major” radio stations to spread a message that Ukrainian President …
Discussion: Bob's Newsletter
 
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From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple has renewed discussions with OpenAI about using its technology to power some features in iOS 18; talks with Google on using Gemini remain ongoing

Chance Miller / 9to5Mac:
A number of Apple users say they were logged out of their Apple ID across multiple devices on April 26 and forced to reset their password before logging back in

Karen Weise / New York Times:
Microsoft, Meta, and Alphabet disclosed that they had spent $32B+ combined on data centers and other capital expenses in Q1, as they accelerate AI spending
 
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