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.
Discussion:
@reutersguild, @laurenkgurley, Observer, Poynter, @mattmillsphoto, @juliocesrchavez, @nicholagroom, @sarahnlynch, @newyorkerunion, @josheidelson, @dlind, @reutersguild, @josheidelson, @drixander, @sarahnlynch, @randewich, @nyguild, @six6jiang, @peard33, @josheidelson, @nylahuda, @reuterszengerle, @nickpbrown, @felixsalmon, @rover829, @sineadcarew, @josheidelson, @fedcourtjunkie and Press Gazette
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Jacob Liedke / Pew Research Center:
Survey: 16% of US journalists are in a union and 41% say they would join one if it were available; 57% of those age 18-29 would join vs. 33% of those 50-64 — At a time when newsrooms in the United States are seeing a wave of unionization, around one-in-six U.S. journalists at news organizations report …
Discussion:
@johngramlich and @pewjournalism
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.
Discussion:
@nateraymond, Talking Biz News, Axios, @davegregorio80 and @newspaperworld
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.”
Discussion:
Deadline, MediaPost, @kirbyslastsnack, @tvgrimreaper, UPI, Engadget, IndieWire, Paramount and Variety
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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 …
Discussion:
Variety, The Streamable, Adweek, TechCrunch, @tvgrimreaper, @xpangler, @adrianweckler, @thr, Deadline, The Streamable, @thr, @kimmasters and @xpangler
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
Discussion:
The Hollywood Reporter, Forbes, Insider, @culturecrave, Deadline, Variety, The Streamable, The Verge, SlashFilm, UPROXX, The A.V. Club, Fast Company, Digital TV Europe, @kaludiasays, Looper, @dsmithweb, @lucas_shaw, @coreydeshon, @cinemaniac94, @thewrap, @fordm, @pleasedtomeetya, @tvgrimreaper, @enthusiamy, @alex_abads, Vulture, @nash076, Deadline, Boing Boing, @joshsternberg, @ashleyesqueda, @markharrisnyc, @gerberkawasaki, Next TV, @variety, @bendreyfuss, @avishaiw, @tinch, @bradmiska, Fortune, Collider, The Desk, Observer and ScreenRant
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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
Discussion:
IndieWire, SlashFilm, The Streamable, The Wrap, @variety, Forbes, @gerryconway, CNET, @discoballsack, The Playlist, @jfrankensteiner, I Like To Watch, Millennial Pink, @dansolomon, @2minutetimelord, @jimmychampane, @culturecrave, @theericgoldman, @theashleyray, @kevinpanetta, ScreenRant, @tvgrimreaper, @patrickcotnoir, @coopercooperco, @williambibbiani, @lindaholmes, Looper, Too Much TV Newsletter, TV Insider, The Hot Button, The A.V. Club, The Guardian, Vanity Fair, Decider, SlashFilm, The Verge and The Streamable
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
Discussion:
Rolling Stone, SlashFilm, The Streamable, CNET, Collider, Know Your Meme, Radio Times, New York Post, Vanity Fair, Inverse, @jimmychampane, @awestruckvox, Mashable, The Wrap, @seanfennessey, @krolljvar, @xzyliac, Looper, Chicago Sun-Times, Animation Magazine, Associated Press, Well, Isn't This Great? …, Desafiador do Desconhecido, NPR, Us Weekly, @markharrisnyc, @seitz_unseen, @bearmccreary, @somebadideas, @greg_jenner, @becketadams, ScreenRant, @variety, Boing Boing, @xpangler, The Week, Den of Geek and New York Post
USA Today:
Gannett reports Q2 revenue down 6.9% YoY to $748.7M, a net loss of $53.7M, revises guidance down, and plans cost cuts and real-estate sales; stock falls ~28% — Bailey Schulz Swapna Venugopal RamaswamyUSA TODAY — Gannett, owner of USA TODAY and local news operations in 45 states …
Discussion:
Poynter, MediaPost, Gannett, @npenzenstadler, @sulliview, @gaufre, @nikkiusher, @mattlaslo, @jonchesto, @coreyhutchins, @jgrzelewski, @verano305, @matttraub, @hilton_annmarie, @freedom22bb, @tednesi, @svenaurich and @mattdpearce
Tarpley Hitt / Gawker:
Seven sources close to The New Yorker say Erin Overbey's public version of events leading up to her firing leaves out critical context about her job performance — Two weeks ago, The New Yorker fired its archivist, Erin Overbey, after the longstanding staffer wrote an extensive thread blasting …
Discussion:
@brandonetc, @benjamingoggin, Today in Tabs, @jessesingal and @noahyoo
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
Discussion:
@valuetom84, Newslit Daily, @benmullin, @bysarahkrouse, @asharma, @astaniscia86, @carlquintanilla, @mediainsider and Insider, more at Techmeme »
Ron French / Bridge Michigan:
A Michigan town votes to defund its library because library staffers refused to remove LGBTQ-themed books; the library will likely run out of money by late 2023 — - A west Michigan public library may close after residents voted to defund it Tuesday — Voters are upset about LGBT-themed graphic novels in the library
AJ Vicens / CyberScoop:
Researchers find a network of at least 72 fake news sites pushing Chinese propaganda in North America, Europe, the Middle East, and Asia — A network of at least 72 bogus news sites in North America, Europe, the Middle East and Asia are part of a sprawling information operation pushing Chinese propaganda …
Sarah Perez / TechCrunch:
Twitter tests an update to Spaces that introduces thematic audio stations and a personalized digest; an official announcement is some way off — Twitter is developing an updated version of its audio chat rooms product known as Spaces, TechCrunch learned and Twitter confirmed.
Discussion:
9to5Mac, Pocket-lint, Engadget and Social Media Today, more at Techmeme »
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