Top News:
Sara Fischer / Axios:
Sources: Meta begins telling its ~50 US news partners that the company will not renew its three-year deals from 2019 to pay for content in Facebook's News Tab — Meta on Tuesday began telling its news partners in the U.S. that the company no longer plans to pay publishers for their content …
Alex Sherman / CNBC:
NBCU reports Q2 revenue of $9.4B, up 18.7% YoY, and adjusted EBITDA of $1.9B, up 19.5% YoY; Peacock had a $467M loss and subscribers stayed flat from Q1 at 13M — - Comcast's broadband subscribers were flat at 32.2 million for the quarter. The company said it lost 30,000 this month alone.
Discussion:
Adweek, TechCrunch, Variety, The Wrap, The Streamable, @sherman4949, Deadline, Variety, Comcast Corporation, TechRadar, UPI, The Verge, Wall Street Journal and The Hollywood Reporter
Rebecca Rubin / Variety:
Warner Bros. Discovery hires Alan Horn as a consultant; he left Disney in 2021 after serving as chief creative officer and co-chairman of Walt Disney Studios — Disney's former chief creative officer Alan Horn is joining Warner Bros. Discovery. — Horn, who retired from Disney in 2021 …
Discussion:
The Wrap and @loudmouthjulia
Abner Li / 9to5Google:
Google delays phasing out third-party cookies in Chrome to H2 2024, after deferring the plan from 2022 to 2023, citing the need for more Privacy Sandbox tests — Google was originally planning to get rid of third-party cookies in its browser by 2022, but that was later pushed back to 2023.
Discussion:
Insider, The Keyword, Digiday, @campuscodi, TechRadar, The Register, @simonjharris, @johnwilander, @larakiara, Mumbrella, @aexm, @martinsfp, MediaPost, AdExchanger, The Verge, The Drum and StreetInsider.com, more at Techmeme »
Salvador Rodriguez / Wall Street Journal:
Meta reports its first-ever YoY quarterly revenue decline and issues a lowered Q3 forecast, citing a weak ad demand environment and macroeconomic uncertainty — Social-media giant missed Wall Street's sales expectation but added users—defying analysts' projections — The Tech Sector Is Taking a Beating.
Discussion:
New York Times, Variety, BIG by Matt Stoller, Axios, @arpitrage, @levynews, @ryanbarwick, Transistori, Fortune, CNBC, New York Times, CNBC, Forbes and Protocol, more at Techmeme »
Peter Houston / Media Voices:
Interview with Medium's VP of Content, who says it is focused on highlighting experts and needs to figure out how to provide users with predictable growth — In our final episode of the season, we hear from Medium's VP of Content Scott Lamb. Scott leads the content and creator relations teams …
Discussion:
@tvgrimreaper and What's New in Publishing
Sarah Blaskey / Miami Herald:
How Florida Power & Light bankrolled the Capitolist, which portrayed itself as a feisty independent outlet, to lobby on FPL's behalf — When Florida Power & Light faced a spate of bad publicity and political blowback, a small but ambitious news website called the Capitolist sprang to the public utility's defense.
Discussion:
@bgrueskin, Occupy Democrats, Gizmodo and The Guardian
Jonathan M. Katz / The Racket:
A writer details how a podcast plagiarized his work, a widespread problem as demand for podcasts balloons while original reporting demands a lot of work — A podcast I'd never heard of before stole my work. I'm not alone. — A year ago, after half a decade of original research and reporting …
Naman Ramachandran / Variety:
ITV reports H1 2022 revenue rose 8% YoY to £1.67B, driven by ITV Studios, up 16% YoY to £927M; total ad revenue rose 5% YoY and digital ad revenue rose 20% YoY — U.K. broadcaster ITV's total external revenues are up 8% at £1.67 billion ($2.04 billion), according to half year financial results released on Thursday.
Discussion:
Deadline, Variety, Deadline and The Hollywood Reporter
Paul Sawers / TechCrunch:
Filing: Spotify bought Findaway for €117M, Sonantic for €91M, and Chartable and Podsights for €83M, with a possible extra payment of €21M — Spotify has quietly announced how much it's paying for four of its recent acquisitions, revealing that it's doling out a combined €291 million …
Laura Hazard Owen / Nieman Lab:
Institute for Nonprofit News: 65% of US nonprofit news site launches in 2021 were local; foundations remain the largest funding source for most outlets surveyed — Local news sites have accounted for 55% of all U.S. nonprofit news sites launched since 2017, and last year, 65% of launches were local …
Discussion:
Poynter
Sara Fischer / Axios:
Source and memo: Vox Media lays off 39 people, or less than 2% of its 2,000+ staff, including some in editorial, and will slow hiring, amid economic uncertainty — Vox Media is laying off 39 people, less than 2% of its total staff of more than 2000, in an effort to get ahead of economic uncertainty …