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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
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Bloomberg:
As advertisers struggle with Reels, Meta tries to ease them into the format, including, sources say, by encouraging them to test their video ads on TikTok first — Reels — the short videos that Facebook and Instagram are pushing — are getting more popular, parent company Meta Platforms Inc. says.
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@sarahfrier, Gizmodo, Insider and The Verge, more at Techmeme »
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 …
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The Unraveling, CNET, Protocol, Gizmodo, @jeremylittau, @mathewi, @edzitron, @mikeorren, @mmasnick, @jamesrbuk, @zigmanfreud, @drewmcweeny, @davidfolkenflik, Newser, @jason, @rmc031, @dennisjromero, @joshelman, @jeremylittau, @scottbrodbeck, @jeremylittau, @wickdchiq, The Verge, @elipariser, @jeremylittau, @yoda, @jeremylittau, @jeremylittau, Social Media Today, @mattbrownep, @amasna, @raph_bloch, @sarafischer, Wall Street Journal and Columbia Journalism Review, more at Techmeme »
Brian Welk / The Wrap:
The HFPA plans to sell the Golden Globes to CEO Todd Boehly's Eldridge Industries, which will create a company to manage the assets; the charities stay separate — The Hollywood Foreign Press Association has shed its non-profit status and agreed to sell the Golden Globes …
Discussion:
The Hot Button, Los Angeles Times, Variety, @wearlbrown, @sharonwaxman, Deadline, @scottfeinberg, The Hollywood Reporter and IndieWire
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:
UPROXX, @jholtham, @kateaurthur, UPI, @stephanielaing, @allcharisma, @janevandis, @caissie, @adamconover, @henderson_joe, @cadlymack, @liztigelaar, @itslizhannah, @lizalps, The Wrap, @thelizfeldman, Too Much TV Newsletter, @alinebmckenna, @lenadunham, @melissahilfers, @brooke, @meganeabbott, @atticalocke, @wendymolyneux, @junkyardmessiah, @susanmcp1, @brendengallager, Los Angeles Times, IndieWire, 9to5Mac, Rolling Stone, Deadline and Forbes
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.
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.
Discussion:
Roku, The Wrap, Adweek, @shortl2021, @data168, @xpangler, TechCrunch, @xpangler, @dadehayes, Digiday, @adweek, CNBC, Deadline, The Streamable and MediaPost, more at Techmeme »
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:
MacRumors, @timkhiggins, @kifleswing, @jyarow, UPI, @charlesadler, 9to5Mac, Insider, Wall Street Journal and AppleInsider, more at Techmeme »
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 …
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:
@sherazfarooqi_, @blackmajikman90, @richlightshed, @loudmouthjulia, Observer and The Wrap
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, @carlosgsmith, @matthewdalywdc, @racheyy_marie, @conarck, @evesamples, @samjmintz, Occupy Democrats, Gizmodo, Poynter and The Guardian
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:
Mashable, The Verge, @killedbygoogle, Tubefilter and Social Media Today, more at Techmeme »
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