Top News:
Todd Spangler / Variety:
Spotify reports Q2 revenue up 23% YoY to €2.9B, a €125M net loss, up from €20M YoY, MAUs up 19% YoY to 433M, and Premium users up 14% YoY to 188M; stock up 10%+ — Spotify turned in strong numbers for the second quarter, beating expectations for total and paid subscriber adds and reporting 23% revenue growth.
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Ingrid Lunden / TechCrunch:
Spotify has “decided to stop further production of Car Thing units” and will take a €31M charge, citing factors like “product demand and supply chain issues” — Spotify's push to complement its music streaming with a big move into podcasting and related content appears …
Discussion:
CNET, @lexnfx, TechRadar, @heilemann, Gizmodo, @chrismessina, @ashleyrcarman, 9to5Mac, @ashleyrcarman, @ashleyrcarman and The Verge, more at Techmeme »
The Hollywood Reporter:
CEO Daniel Ek says Spotify plans to reduce the pace of hiring by 25%: “I do believe only the prepared survive, and we're preparing as if things could get worse” — As the music streaming giant's stock jumps, CEO Daniel Ek addresses macro-economic challenges, saying …
Discussion:
Spotify, The Verge, Business Wire and Fast Company, more at Techmeme »
Charlotte Klein / Vanity Fair:
Some Republican candidates are barring traditional media from events and ignoring debate requests as midterm elections approach, favoring rightwing outlets — GOP politicians are increasingly shirking sit-down interviews, barring journalists from 2022 events, and skipping debates …
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Paul Farhi / Washington Post:
A profile of Gov. Ron DeSantis' press secretary Christina Pushaw, who uses Twitter to attack journalists and mainstreamed the term “groomer” within the GOP — Known for her aggressive Twitter comments and brusque treatment of the media, the Florida governor's press secretary has used taunts to solidify a tough image
Discussion:
@jayrosen_nyu, @adamdavidson, @soledadobrien, @kemc, @jason_howerton, @ryanlcooper, @hshaban, @jackhealynyt, @dandrezner, @murphymike, @mlcalderone, @drewharwell and @timjgraham
Emma Roth / The Verge:
TikTok plans to give select researchers “public and anonymized data” from its platform and moderation system to “assess content and trends or conducts tests” — The move comes hours after a report reveals TikTok's efforts to distance itself from China
Discussion:
@tiktokcomms, TikTok and Axios, more at Techmeme »
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Chris Stokel-Walker / Gizmodo:
Internal TikTok PR documents reveal suggested responses to difficult questions, including downplaying AI, parent company ByteDance, and “the China association” — Leaked documents detail what TikTok tells the media—and what it doesn't. — Leaked documents from within TikTok reveal …
Discussion:
TechCrunch, New York Post, @thatdanstewart, @alexhern, @stokel, @annalecta, Newslit Daily, @stokel and @iblametom, more at Techmeme »
Sara Fischer / Axios:
Hulu will accept political issue ads, after Democrats complained over rejecting ads on guns and abortions, matching the policies of Disney's cable networks — Disney on Wednesday confirmed to Axios that it would allow political issue ads — in addition to candidate ads — on Hulu's streaming service …
Discussion:
Variety, Mediaite, CNET, The Streamable, Insider, MediaPost, Washington Post, Los Angeles Times, The Hollywood Reporter, The Wrap, @issielapowsky, Bloomberg, Protocol, Forbes, Gizmodo, The Verge, @sifill_, @sarafischer, @neontaster, The A.V. Club, @sarafischer, Media Play News, @lesliemac, @kestral52, IndieWire, Decider, Deadline and Rolling Stone
Taylor Lorenz / Taylor Lorenz's Newsletter:
Nostalgia for the “old”, chronological Instagram makes sense but belies changing norms around online sharing, communication, privacy, and engaging content — It isn't just the platform that has changed, we have too. — Over the past few days there's been a movement to “Make Instagram Instagram again.”
Discussion:
@caseynewton, @theurbanjuror, @rossreports, @boopfashionista, @rrroooiiirrr, @_zeets, @taylorlorenz, @taylorlorenz and @taylorlorenz, more at Techmeme »
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Taylor Lorenz / Washington Post:
Source: Meta begins forming an advisory board with top entertainment executives, managers, and publicists; the board will not advise on product changes
Discussion:
Insider, Fast Company, @taylorlorenz, @edwardbarsamian, @taylorlorenz, @drewharwell, @arainert, @jessespector and @taylorlorenz
Jon Harris / Buffalo News:
The Buffalo News names Sheila Rayam as executive editor, the first Black journalist and second woman to hold the position in the paper's 142-year history — Longtime journalist Sheila Rayam has been named executive editor of The Buffalo News, the first Black journalist and the second woman …
Discussion:
American Press Institute, @sulliview and @joespectorny
Jackson Richman / Mediaite:
After Turning Point USA sent a cease-and-desist to ABC News, The View apologizes for associating the group with neo-Nazis who protested outside its summit — The View apologized for lumping in Turning Point USA with neo-Nazis who protested outside the pro-Trump youth group's summit.
Discussion:
Fox News, @johnrobertsfox, Deadline and American Greatness
The New York Times Company:
John Keefe, a senior data and visuals editor at CNN, joins The New York Times as its editor of weather data to focus on extreme weather coverage — John Keefe joins The Times as editor of weather data. Read more in this note from assistant managing editor Matthew Ericson.
Discussion:
@jkeefe, Talking Biz News, @emilywithrow, @jeffjarvis, @danieldrepper and @kleinmatic
Todd Spangler / Variety:
YouTube's Q2 ad revenue grew 4.8% YoY to $7.34B, below expectations of a 7% YoY increase to $7.49B and marking YouTube's slowest ad growth in over two years — YouTube still banks a huge bucket of ad bucks — hitting $7.34 billion in the second quarter — but the video giant's growth …
Discussion:
Next TV, Music Ally, Digital TV Europe, @digitalshields and MediaPost
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Miles Kruppa / Wall Street Journal:
Alphabet's $69.69B revenue marks its slowest sales growth since Q2 2020, missing estimates by almost $190M, as macroeconomic pressures mount on the ad market
Discussion:
The Smith Letter, Protocol, @jowens510, @lexnfx, The Guardian and The Great Reset Diary 2022, more at Techmeme »
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