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
RELATED:
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:
Talking Biz News, @nateraymond, 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.”
RELATED:
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, Variety, The Streamable, @culturecrave, Deadline, The Verge, SlashFilm, UPROXX, Fast Company, New York Post, The A.V. Club, Digital TV Europe, @kaludiasays, Looper, Inverse, @dsmithweb, @lucas_shaw, @coreydeshon, @cinemaniac94, @thewrap, @fordm, @pleasedtomeetya, @tvgrimreaper, @enthusiamy, @alex_abads, Vulture, @nash076, Deadline, @joshsternberg, Boing Boing, @ashleyesqueda, @markharrisnyc, @gerberkawasaki, Next TV, @variety, @bendreyfuss, @avishaiw, @tinch, @bradmiska, Fortune, The Desk, Observer and ScreenRant
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 HBO Max content, including at least six Warner Bros. films and the House Party reboot, in apparent cost cutting
Discussion:
Rolling Stone, SlashFilm, The Streamable, IndieWire, The Wrap, Forbes, @variety, Know Your Meme, @gerryconway, Radio Times, CNET, Vanity Fair, @discoballsack, The Playlist, @jfrankensteiner, I Like To Watch, Millennial Pink, @dansolomon, @2minutetimelord, @jimmychampane, @culturecrave, @theericgoldman, @theashleyray, @awestruckvox, @kevinpanetta, @tvgrimreaper, @patrickcotnoir, @coopercooperco, @williambibbiani, @seanfennessey, @lindaholmes, Looper, Too Much TV Newsletter, The Hot Button, The Guardian, Vanity Fair, ScreenRant, Decider, SlashFilm, The Verge, The Streamable and Variety
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 …
Discussion:
Poynter, MediaPost, Gannett, @npenzenstadler, @sulliview, @gaufre, @nikkiusher, @mattlaslo, @jonchesto, @coreyhutchins, @jgrzelewski, @hilton_annmarie, @matttraub, @freedom22bb, @tednesi, @svenaurich, @mattdpearce and @verano305
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 »