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5:35 PM ET, August 3, 2022

Mediagazer

 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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Adam B. Vary / Variety:
Warner Bros. Discovery axes Batgirl and Scoob! Holiday Haunt movies both for HBO Max and for theaters; Batgirl had a budget of $90M; 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 Jones says the outlet had $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.
Taylor Lorenz / Washington Post:
Interviews with two dozen Triller creators and others show that the TikTok rival missed payments after promising Black creators $4K monthly, with half in equity  —  Triller made its name recruiting talent with lavish perks.  Now, dozens of influencers are struggling to get paid.
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 …
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 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 …
Peter Kafka / Vox:
Sources: over 1M people signed up for free newsletters on Meta's Bulletin service and the company was planning on expanding its roster earlier in 2022  —  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.”
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.
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  —  In October 2006, Google bought YouTube for $1.65 billion.  On January 1st, 2007, the brothers Hank and John Green started making videos …
Jill Goldsmith / Deadline:
Fox renews its distribution agreement with Verizon for its FiOS TV platform, which will now also carry Fox Weather and Tubi  —  Fox has completed a multi-year renewal of its distribution agreement with Verizon for its Fios TV platform.  —  The deal encompasses the full portfolio of Fox brands …
 
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 More News: 
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
 Earlier Picks: 
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
Discussion: Insider
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
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple has renewed discussions with OpenAI about using its technology to power some features in iOS 18; talks with Google on using Gemini remain ongoing

Ryan Vlastelica / Bloomberg:
Alphabet closes above a $2T market cap for the first time, reaching a valuation of $2.15T after rising 10% on April 26, its biggest one-day jump since July 2015

Andy Edser / PC Gamer:
Microsoft partners with IBM to release the MS-DOS 4.0 source code under the MIT license on GitHub

 
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