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6:20 PM ET, August 4, 2022

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 Top News: 
Alex Weprin / The Hollywood Reporter:
RELATED:
Todd Spangler / Variety:
On its earnings call, Warner Bros. Discovery announced that HBO Max and Discovery+ will launch as a combined streaming service in the summer of 2023  —  HBO Max and Discovery+ will launch in the U.S. as a single service in the summer of 2023, JB Perrette, CEO and president …
Oliver Darcy / CNN:
A jury finds that Alex Jones should pay ~$4M in compensatory damages to two Sandy Hook parents; punitive damages are to be settled separately  —  New York (CNN Business)Right-wing talk show host Alex Jones will have to pay the parents of a Sandy Hook shooting victim a little more than $4 million …
RELATED:
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
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
Rick Edmonds / Poynter:
Gannett execs say the company expects economic headwinds all year, will speed up real estate sales to pay down debt, and will make staff cuts in coming days  —  Digital subscriptions are up, but, as expenses rise, other revenue streams are in a freefall  —  Gannett recorded …
RELATED:
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%
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.
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 …
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 …
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
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 …
Discussion: Mandiant and Bloomberg
 
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 More News: 
Oliver Darcy / CNN:
ABC names Alyssa Farah Griffin and Ana Navarro as permanent co-hosts of The View; a CNN spokesperson says both will remain CNN political commentators
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
 Earlier Picks: 
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