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7:25 AM ET, August 4, 2022

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 Top News: 
Todd Spangler / Variety:
Warner Bros. Discovery has been quietly culling HBO Max content, including at least six Warner Bros. films and the House Party reboot, in apparent cost cutting  —  Warner Bros. Discovery has been quietly culling content from HBO Max — including several Warner Bros. movies that were exclusively streaming …
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The Wrap:
Sources: WBD CEO David Zaslav plans to announce a combined HBO Max and Discovery+ streaming service on August 4; 70% of HBO Max's development unit could be cut  —  Hollywood is buzzing around Warner Bros. Discovery's upcoming earnings results and plans for a combined streaming service, which can upend its most popular streamer
Adam B. Vary / Variety:
Warner Bros. Discovery kills Batgirl and Scoob!: Holiday Haunt movies both for HBO Max and for theaters; Batgirl had a $90M budget; sources: Scoob! cost $40M  —  “Batgirl,” the feature film adaptation of the DC Comics character, has been killed at Warner Bros., Variety has confirmed.
Natalie Musumeci / Insider:
Alex Jones' trial reveals that Infowars made as much as $800K per day in 2018, and that the fake news site made $70M in revenue in its most recent fiscal year  —  - An attorney for Sandy parents said Alex Jones' defense attorney “messed up” and sent him a digital copy of Jones' cell phone.
Ashley Carman / Bloomberg:
A look at the practice of guests paying podcasters to appear on their shows; Guestio, a marketplace for brokering paid guest appearances, has raised $1M+  —  People will confess all sorts of things to podcasters, from their unpopular political beliefs or embarrassing romantic mishaps to their worst fears.
Josh Eidelson / Bloomberg:
Unionized Thomson Reuters journalists in the US plan a 24-hour strike starting at 6am ET on August 4, the first walkout in decades, over pay raises  —  Thomson Reuters Corp. journalists in the US are preparing to launch a daylong strike Thursday, the first walkout in decades among the media company's long-unionized staff.
Taylor Lorenz / Washington Post:
Interviews with over two dozen Triller creators and others: the TikTok rival missed payments after promising Black creators $4K per month, half paid in equity  —  Triller made its name recruiting talent with lavish perks.  Now, dozens of influencers are struggling to get paid.
Wall Street Journal:
A look at Netflix's scramble to build an ad business as its subscriber growth lags; sources say Reed Hastings suggested Netflix could charge $80 per 1,000 views  —  Reed Hastings insisted on focusing on subscriptions until competitors started nibbling away at his business model
Thomas Seal / Bloomberg:
Textbook publisher Pearson plans to turn its e-books into NFTs to take a cut from secondhand sales and has a team exploring “the implications of the metaverse”  —  The chief executive officer of Pearson Plc, one of the world's largest textbook publishers, said he hopes technology …
Ronan Shields / Digiday:
An Apple job posting indicates the company is looking to build a “privacy-forward”, mobile-centric 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.
Peter Kafka / Vox:
Sources: 1M+ people signed up for free newsletters on Meta's Bulletin service and earlier in 2022, the company was planning on expanding its roster of writers  —  The Substack frenzy seems like a thing of the past, but lots of publishers are still leaning into newsletters.  “They're a great minimally viable product.”
 
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 More News: 
Financial Times:
Disney, Netflix, Comcast, Spotify, Fox, The New York Times, News Corp, and other large US media groups have collectively lost ~$380B in market value in 2022
Aisha Malik / TechCrunch:
Meta plans to shut down its Facebook Live Shopping feature on October 1, as the company shifts its focus to Reels on Facebook and Instagram
Nilay Patel / The Verge:
Q&A with YouTube star Hank Green on YouTube's revenue value, TikTok's promotional value, how Complexly is structured, selling Subbable and VidCon, and more
 Earlier Picks: 
Katie Robertson / New York Times:
The NYT reports Q2 revenue up 11.5% YoY to $555.7M, operating profit down 18% YoY to $76M, and 180K net new digital subscribers; The Athletic had a $12.6M loss
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
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
 

 
From Techmeme:

Juli Clover / MacRumors:
The second developer beta of iOS 18.2 shows a “daily limit” for free access to “advanced” ChatGPT via Siri and an option to upgrade to ChatGPT Plus in Settings

Mark Gurman / Bloomberg:
Sources: Apple is exploring a push into smart glasses by conducting an internal study, codenamed Atlas, to gather employee feedback on products on the market

Bloomberg:
Sources: OpenAI is in early talks with the California AG's office to become a for-profit company; letter: it also has discussed the shift with the Delaware AG
 
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