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11:20 AM ET, August 3, 2022

Mediagazer

 Top News: 
Johnny Oleksinski / New York Post:
Source: Warner Bros. Discovery will not release Batgirl, on HBO Max nor in theaters, after poor test screenings results; Batgirl had a budget of at least $70M  —  Holy millions down the drain, Batman!  —  The new DC Comics film “Batgirl,” which still has no release date, will be completely …
Hanaa' Tameez / Nieman Lab:
Q&A with Sisi Wei, the OpenNews co-executive director who The Markup named its new editor-in-chief, on her coverage plans, work experience, challenges, and more  —  “What we often don't think about is how tech accountability is also so many other types of coverage.
New York Times:
Forbes taps Citigroup to explore a sale, sources say for $630M+, after its SPAC deal failed; offering doc: Forbes had $200M+ in revenue and $40M+ profit in 2021  —  Forbes has tapped Citigroup to sell at a price of at least the $630 million valuation declared in its earlier plan to go public.
Christopher Beam / New York Times:
A profile of Scott Galloway, who wants to be “the most influential thought leader” in business via his podcasts, newsletter, New York magazine column, and books  —  The podcaster aspires to be an influential thought leader.  But his appeal to a mostly male fan base is about more than just his prognostications.
Katie Robertson / New York Times:
NYT reports Q2 revenue up 11.5% YoY to $555.7M, adjusted operating profit down 18% YoY to $76M, and 180K net new digital subs; The Athletic had a $12.6M loss  —  Revenue from digital advertising fell slightly in the second quarter, but subscription revenue continued to rise sharply, the company said.
Thomas Seal / Bloomberg:
Textbook publisher Pearson plans to turn its e-books into NFTs so the company can profit from secondhand sales  —  The chief executive officer of Pearson Plc, one of the world's largest textbook publishers, said he hopes technology like non-fungible tokens and the blockchain could help …
Matt Tamanini / The Streamable:
fuboTV announces “a small workforce reduction” in the US as it focuses on “a conservative approach to growth”, before its Q2 2022 earnings report on August 4  —  The larger economy is in a perilous position currently as businesses, analysts, and consumers alike weigh …
Discussion: Insider
Benjamin Mullin / New York Times:
S&P Global Market Intelligence projects CNN's 2022 profit falling to $956.8M, which sources say would be the first time since 2016 that its profit was below $1B  —  The network is on a pace to drop below $1 billion in profit for the first time in years, according to people familiar with its operations …
Stacy Perman / Los Angeles Times:
Two Hollywood newsletters bolster their offerings: Ankler added a $250/month service about IP to option in July and Puck teases journalist consultation calls  —  It was June 2020, weeks after George Floyd was killed by Minneapolis police, sparking Black Lives Matter protests around the world and a widescale conversation about race.
Ronan Shields / Digiday:
Apple job posting indicates it is looking to build a “privacy-forward” demand-side ad platform  —  Apple may have blown up the digital ads business but it left enough fertile ground to build its own, more focused play for media dollars.  The company is building a demand-side platform …
Discussion: @digiday and @damianburns
Drew Magary / Defector:
Interviews with a dozen people in movie and TV post-production reveal that an overworked, confused, and exploited staff has led to lower-quality visual effects  —  A head of hair is a wild, unreliable thing.  It never stays the same length.  It never stays in the same place, unless you have Doctor Strange amounts of pomade on you.
 
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 More News: 
New York Times:
Sources: Neon, the indie distributor of films such as Parasite, is exploring a sale, five months after A24 sold a minority stake for $225M valuing A24 at ~$2.5B
Grant Peck / Associated Press:
Myanmar detains a Japanese video journalist covering a protest against military rule in Yangon, the fifth foreign reporter to be detained by this government
 Earlier Picks: 
Lillian Rizzo / Wall Street Journal:
Amazon plans to offer alternate Prime Video NFL streaming feeds in addition to its main broadcast, a strategy ESPN and Nickelodeon have used to attract viewers
Malathi Nayak / Bloomberg:
A US judge rules YouTube must face a lawsuit by musician Maria Schneider, who contends its two-tiered policing system only protects “powerful copyright owners”
Discussion: Plagiarism Today
Brian Stelter / CNN:
CNN, The Texas Tribune, and 11 other news organizations sue the Texas Department of Public Safety to obtain Uvalde shooting records amid officials' stonewalling