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 …
Discussion:
The Unraveling, CNET, Social Media Today, @jason, @rmc031, Gizmodo, @mmasnick, @jeremylittau, @mathewi, @edzitron, @mikeorren, @jamesrbuk, @zigmanfreud, @drewmcweeny, @mattbrownep, @davidfolkenflik, @sarafischer, @amasna, Wall Street Journal, @joshelman, @jeremylittau, @scottbrodbeck, @jeremylittau, @raph_bloch, @wickdchiq, Columbia Journalism Review, @elipariser, @jeremylittau, @yoda, @jeremylittau and @jeremylittau, more at Techmeme »
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.
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
Discussion:
Insider, TechCrunch, PARADE Magazine, Slate, Social Media Today, The Information, Mashable, Gizmodo, Adweek, BuzzFeed News, @kelsaywhat, Ed Zitron's Where's Your Ed At, The Verge, People vs Algorithms, @lisatozzi, @parismartineau, @frankpallotta, @michaelmiraflor, 9to5Mac, @oduneweniyi, @delia_cai, dont be boring, @fabiochiusi, @reckless, @rob_sheridan, @brianstelter, @kateconger, @dz and @seyitaylor, more at Techmeme »
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, @racheyy_marie, @evesamples, @carlosgsmith, @conarck, Substack, @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 est., 200M fewer streaming hours at 20.7B, and 1.8M active accounts added to 63.1M; stock down 25%+ — 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.
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 …
Discussion:
Forbes, @adamconover, @itslizhannah, @lenadunham, @meganeabbott, @junkyardmessiah, 9to5Mac, @caissie, @melissahilfers, @atticalocke, @wendymolyneux, Deadline, Rolling Stone, @jholtham, @kateaurthur, @stephanielaing, @allcharisma, @janevandis, @henderson_joe, @cadlymack, @liztigelaar, @lizalps, @thelizfeldman, @alinebmckenna, @susanmcp1 and @brendengallager
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
Kif Leswing / CNBC:
Apple reports Services revenue grew 12% YoY to $19.6B in Q3 2022 and 860M paying subscribers globally across all its services, up 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:
Reuters, @kifleswing, 9to5Mac, @timkhiggins, @jyarow, @charlesadler and AppleInsider, more at Techmeme »
Sarah Perez / TechCrunch:
YouTube rolls out a new tool that lets creators select up to 60 seconds of any video they posted and turn it into Shorts content, available on Android and iOS — YouTube wants to quickly ramp up the number of short-form “Shorts” videos available on its platform in order to better compete with TikTok.
Discussion:
@killedbygoogle, Mashable and Tubefilter
Charlotte Tobitt / Press Gazette:
NLA Media Access helped get 50K+ articles from 1K fake or illegitimate news sites removed in the UK in 2021, up from ~20K articles and 700+ sources in 2020 — The number of cloned and ripped-off news articles successfully taken down from “pretty sophisticated fake sites” …
Discussion:
American Press Institute
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, TechRadar, @campuscodi, @simonjharris, @johnwilander, @larakiara, The Register, @aexm, Mumbrella, @martinsfp, MediaPost, AdExchanger, The Verge, The Drum and StreetInsider.com
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.
Discussion:
Ad Age, @danielnewmanuv, @stevekopack, @jonathanvanian, @annierpalmer, @mpelletiercio, @anthony, @samro, @paulpage, @levynews, @mattrosoff and Wall Street Journal, more at Techmeme »
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