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4:20 PM ET, July 29, 2022

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 Top News: 
RELATED:
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 …
New York Times:
Sources: Greek broadcaster Antenna Group is exploring an acquisition of Vice Media; Antenna helped Vice launch Vice World News in 2020  —  Vice Media, which is exploring a sale of its business, has a longstanding relationship with the Greek broadcaster.  — Give this article- - - Read in app
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 Crunchyroll  —  Sony Corp. reported its latest financial results in Tokyo Friday, with revenue at the pictures division soaring 41 percent to $2.64 billion.
Discussion: Deadline and Variety
Alexandra Turner / Press Gazette:
Advertising Association and WARC: UK ad spend rose 28.3% YoY to £8.6B in Q1 2022 and news brands grew 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 and then go into …
Discussion: @pressgazette and @pressgazette
Merlyn Thomas / BBC:
UK weather forecasters say they faced unprecedented levels of abusive tweets and emails during the heat wave, especially when stories referenced climate change  —  Weather forecasters faced unprecedented levels of trolling during this month's extreme heat in the UK, according to leading figures in the industry.
Paul Farhi / Washington Post:
A deep look at a reporter's claim that LA Times editors tried to kill his USC dean story; three editors say delays were to meet legal and journalistic standards  —  Listen  —  Gift Article  —  In reporter Paul Pringle's vivid retelling, his blockbuster exposé of a campus scandal …
 
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 More News: 
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
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
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%+
 Earlier Picks: 
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
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
 

 
From Techmeme:

Andy Greenberg / Wired:
Cisco details a hacking campaign that penetrated multiple governments' networks using two zero-day flaws in its VPN and firewall Adaptive Security Appliances

Ben Glickman / Wall Street Journal:
IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024

David Pierce / The Verge:
Hands-on with the Rabbit R1: a fun and funky AI device that feels pretty nice and does a solid job with basic AI questions, but the Rabbithole app is unfinished

 
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