Check out Mini-Mediagazer for simple mobiles or Mediagazer Mobile for modern smartphones.
11:40 AM ET, August 4, 2022

Mediagazer

 Top News: 
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.
RELATED:
Kenneth Li / Reuters:
Thomson Reuters reports Q2 revenue rose 5% YoY to $1.61B and operating profit rose 24% YoY to $391M  —  News and information company Thomson Reuters Corp (TRI.TO) reported higher second-quarter operating profit on Thursday and raised its full year revenue forecast.
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
RELATED:
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 …
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
Georg Szalai / The Hollywood Reporter:
Paramount reports nearly 64M global streaming subscribers in Q2, up from 62M in Q1, and 43M+ Paramount+ subscribers, up from 39.6M in Q1  —  The company, led by CEO Bob Bakish, also grew monthly active users for its advertising-supported streamer Pluto TV.  —  Paramount Global added global …
RELATED:
The Wrap:
Paramount reports Q2 revenue rose 19% YoY to $7.7B, while operating income fell 33% YoY to $819M, and says Pluto TV has nearly 70M MAUs  —  Paramount Global on Thursday beat analyst revenue expectations for its 2022 second quarter earnings, thanks largely in part to the humongous, $1 billion+ performance of “Top Gun: Maverick.”
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
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.
Elias Leight / Billboard:
SoundCloud cuts its global workforce by ~20% “due to a significant company transformation and the challenging economic and financial environment”  —  CEO Michael Weissman announced the cuts in an email, blaming them on “the challenging economic climate and financial market headwinds.”
USA Today:
Gannett reports Q2 revenue of $748.7M, down 6.9% YoY, and a net loss of $53.7M, says digital-only paid subscribers rose 35% YoY to 1.87M, and plans staff cuts  —  Bailey Schulz Swapna Venugopal RamaswamyUSA TODAY  —  Gannett, owner of USA TODAY and local news operations in 45 states …
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.
 
 Archived Page Info: 
This is a snapshot of Mediagazer at 11:40 AM ET, August 4, 2022.

View the current page or another snapshot:


 
 See Also: 
Mediagazer: site main
Mediagazer River: reverse chronological Mediagazer
Mediagazer Mobile: for phones
Mediagazer Leaderboard: Mediagazer's top sources
 
 Subscribe: 
Mediagazer RSS feed
Mediagazer on X
Mediagazer on Mastodon
 
 
 More News: 
Jessica Bromley / BARB:
Survey: in Q2, 67% of UK households had a streaming subscription, down almost 2% from Q1, as Netflix subscriptions fell 1%, Prime Video 4%, and Sky Now 3%
Discussion: Variety and The Guardian
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
 Earlier Picks: 
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
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+