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2:25 PM ET, July 29, 2022

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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
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 …
Manori Ravindran / Variety:
Paramount Global names Pamela Kaufman as its president and CEO of international markets, replacing Raffaele Annecchino, who is exiting after being put on leave  —  Paramount Global has appointed a new leader for its international business, naming Pamela Kaufman as its president and CEO …
Patrick Brzeski / The Hollywood Reporter:
Sony Pictures reports Q1 revenue up 41% YoY to $2.64B and profit up 70% YoY to $394M, driven by TV series, licensing, home entertainment, and streaming services  —  Sony Corp. reported its latest financial results in Tokyo Friday, with revenue at the pictures division soaring 41 percent to $2.64 billion.
Discussion: Variety and Deadline
Alexandra Turner / Press Gazette:
WARC marketing study: UK ad spend in Q1 2022 rose 28.3% YoY to £8.6B; national news brands saw growth of 15.9% YoY in Q1 2022 compared to 16.6% YoY in Q4 2021  —  UK ad spend hit a record high in the first quarter of this year but growth is expected to slow this year …
Nathan Grayson / Washington Post:
As inflation rises and the economy contracts, some US Twitch streamers are losing promotional deals, forcing them to rely on meager ad earnings from the service  —  Listen  —  Gift Article  —  Khairi Harris, who goes by the handle “KDotDaGawd” on Twitch, is hanging onto his career as a full-time streamer by a thread.
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 …
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.
 
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 More News: 
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
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
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
 Earlier Picks: 
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
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