Mediagazer: Amazon reports Q2 advertising services revenue grew 18% YoY to $8.76B, vs. $8.65B est., and subscription services grew 10% YoY to $8.72B (Annie Palmer/CNBC)

5:00 PM ET, July 28, 2022

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:

NBCUniversal reports Q2 revenue up 18.7% YoY to $9.4B and adjusted EBITDA up 19.5% YoY to $1.9B; Peacock lost $467M as its subscribers stayed flat QoQ 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, Variety, The Wrap, Comcast Corporation, Deadline, Awful Announcing, TechCrunch, @sherman4949, The Streamable, Light Reading, @karlbode, Front Office Sports, TechRadar, UPI, The Verge, Wall Street Journal and The Hollywood Reporter

Casey Newton / Platformer:

Adam Mosseri says Instagram will roll back some recent changes after a week of mounting criticism, including temporarily reducing the number of recommendations — Say goodbye to the full-screen feed, and at least some of those recommendations — for now. Adam Mosseri explains why

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

Discussion: People vs Algorithms, @klingebeil, Mascarpone, @alex, @caseynewton, @theurbanjuror, @rossreports, @boopfashionista, @rrroooiiirrr, @_zeets, @taylorlorenz, @taylorlorenz and @taylorlorenz

Sarah Blaskey / Miami Herald:

How Florida Power & Light bankrolled and controlled the Capitolist, which portrayed itself as a feisty independent outlet, to bash Florida Power & Light critics — When Florida Power & Light faced a spate of bad publicity and political blowback, a small but ambitious news website called …

Discussion: @blaskey_s, @bgrueskin, Substack, @racheyy_marie, @evesamples, @carlosgsmith, @conarck, @samjmintz, @matthewdalywdc, Occupy Democrats, Gizmodo, Poynter and The Guardian

Todd Spangler / Variety:

Roku misses with Q2 revenue up 18% YoY to $764M, vs. $805.2M estimated, and reaches 63.1M active accounts, up 1.8M QoQ; stock down ~26% after hours — Roku fell short of Wall Street financial forecasts for the second quarter — and the streaming platform saw the number of hours streamed by customers drop from Q1.

Discussion: The Wrap, The Streamable, CNBC, Deadline, @xpangler, @xpangler and Roku

Kate Aurthur / Variety:

Over 400 TV creators and showrunners demand that Netflix, Disney, WBD, NBCU, Apple, and others publish policies to protect employees in abortion-banning states — On Thursday morning, a collective of more than 400 television creators and showrunners sent a letter to top-level executives at Netflix …

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: The Keyword, Insider, Digiday, Reclaim The Net, The Register, @simonjharris, @johnwilander, @larakiara, @campuscodi, Mumbrella, @aexm, @martinsfp, MediaPost, AdExchanger, The Verge, The Drum and StreetInsider.com

Kif Leswing / CNBC:

Apple reports Services revenue grew 12% YoY to $19.6B in Q3 2022 and it has 816M paying subscribers globally across all its services, down from 825M in Q2 2022 — - Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations for sales and profit but showed slowing growth for the iPhone maker.

Discussion: Bloomberg, Reuters, Wall Street Journal and @timkhiggins, more at Techmeme »

Rebecca Rubin / Variety:

Warner Bros. Discovery hires Alan Horn as a consultant; Horn left Disney in 2021 after serving as The Walt Disney Studios' chief creative officer and co-chair — Disney's former chief creative officer Alan Horn is joining Warner Bros. Discovery. — Horn, who retired from Disney in 2021 …

Discussion: Observer, The Wrap, @sherazfarooqi_, @blackmajikman90, @richlightshed and @loudmouthjulia

Annie Palmer / CNBC:

Amazon reports Q2 advertising services revenue grew 18% YoY to $8.76B, vs. $8.65B est., and subscription services grew 10% YoY to $8.72B — - Amazon reported second-quarter results on Thursday that beat on the top line. — It also gave upbeat guidance for the third quarter.

Jonathan M. Katz / The Racket:

A writer details how a podcast plagiarized his work, a widespread issue as demand for podcast content exceeds the amount of original reporting by journalists — 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 …

Discussion: @chilluminatipod, @petersterne, @katzonearth, @jbouie, @chilluminatipod, @jacremes, @ryanlcooper, @katzonearth, @sivavaid, @rottenindenmark, @jessecox, @mattnoahsmith, @katzonearth, @samthielman, @carisadel, @katzonearth and @sivavaid

Peter Houston / Media Voices:

An interview with Medium VP of Content Scott Lamb, who says it is focused on highlighting experts and needs to figure out how to give users 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

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Aisha Malik / TechCrunch:
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Naman Ramachandran / Variety:
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Laura Hazard Owen / Nieman Lab:
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Salvador Rodriguez / Wall Street Journal:
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Discussion: Variety, BIG by Matt Stoller, Axios, Defector, @arpitrage, @levynews, @ryanbarwick, Transistori, Fortune, CNBC, New York Times, CNBC, Forbes and Protocol, more at Techmeme »

Jackson Richman / Mediaite:
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Earlier Picks:

Rick Edmonds / Poynter:
Money, the finance magazine that converted to digital-only in 2019, becomes the exclusive syndicated provider of finance news to McClatchy's 29 local outlets

Discussion: American Press Institute

Martin Brunt / Sky News:
UK courts will allow TV cameras into criminal trials for the first time, but coverage must be time delayed and restricted to the judge handing down a sentence

Discussion: The Guardian, Press Gazette, Variety, The Sun, GOV.UK and The Guardian

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

Discussion: CNBC, The Rebooting, @oliverdarcy, Talking Biz News, @kylenabecker, @marisakabas, @sherman4949, @tvgrimreaper, @ewerickson, @heminator, @seanagnew, @jason_howerton, @sarafischer, @oliverdarcy, Discourse Blog, MediaPost and Variety

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 lead a team focused on extreme weather coverage

Discussion: Poynter, @jkeefe, @emilywithrow, @jeffjarvis, @danieldrepper, @kleinmatic and Talking Biz News

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”

Discussion: @tiktokcomms, @marklittlenews, Newslit Daily, @dfreelon, @phmai, @jimhansondc, @attorneynora, @brandonsilverm, @v_ness, @logandobson, Social Media Today, @joepcunningham, @senrubiopress, @annalecta, Insider, TechCrunch and Gizmodo, more at Techmeme »

From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

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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