Top News:
Benjamin Mullin / New York Times:
Cox Enterprises plans to acquire Axios, sources say for $525M, later in August; Axios expects $100M+ in 2022 revenue and will spin off its software arm Axios HQ — The digital media company's founders, Jim VandeHei, Mike Allen and Roy Schwartz, will continue to run the company.
Discussion:
The Rebooting, Atlanta Journal-Constitution, Media Nation, The Wrap, American Press Institute, The Wrap, @jessicalessin, @benmullin, Nieman Lab, @benmullin, Vox, Poynter, @sarafischer, Wall Street Journal, The Muffin por Mauricio …, Axios, @johncarreyrou, @dancow, @nytimestech, Deadline, CNBC, @jbflint, @benmullin, @scottnover, @stephentotilo, @amyaharder, @sherman4949, @terronk, @swin24, @sherman4949, @ckrewson, @danprimack, @jonathanvswan, @jakesherman, Press Gazette, @robertjimison, @sherman4949, @brianstelter, @stanfordc, @dave_enna, @ericnewcomer, Financial Times, Junghoon's Direct Media …, @bluestein, @sonalibasak, @tim_bays, @alaynatreene, Mediaite, @jessicalessin, Variety, Vanity Fair, @edmundlee, @alexsalvinews, @sherman4949, @rafat, @edmundlee, @kerrymflynn, Reuters, @jordanzakarin, @andrewsolender, @sarafischer, @strngwys, @johnbattelle, @sarafischer, @andrewgiambrone, @rakeshlobster, @mayazi, @yoda, @ted_williams, @crecenteb, @loudmouthjulia and MediaPost
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Sara Fischer / Axios:
Jim VandeHei, Mike Allen, and Roy Schwartz plan to stay on Axios' board and maintain control of the company's editorial direction and day-to-day operations — Axios has signed a deal to sell to its most recent lead investor, Cox Enterprises, Inc., the companies announced Monday.
Discussion:
Insider, Adweek, Poynter, @gregbettinelli, @jakesherman, @jdawsey1, NPR, @seangriffey, Observer, @robinwigg, @ajawmoore, @jasonmillerindc, @jimvandehei, @jeremarketer, Bloomberg, @w7voa, Sublink, @mcbyrne, @austin_rief, @emmakway, Florida Politics, The Guardian, @themaxburns, @stphnfwlr, @alaynatreene, @sherman4949, @katie_statesman, @sarakgoo and The Hill
Cynthia Littleton / Variety:
Hollywood's streaming evangelism seemingly ends, as WBD shelves Batgirl and David Zaslav says costly movies going straight to streaming offers no economic value — Five years almost to the day after it began, Hollywood's evangelistic fervor for streaming has been extinguished this week by the “Batgirl” imbroglio.
Discussion:
@michellemanafy, @variety_cynthia, @jeffjarvis, @drtvlotz, @akstanwyck and @zsharf
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Zachary Leeman / Mediaite:
John Oliver criticized Warner Bros. Discovery on his August 7, 2022 show, saying his “new business daddy” is “burning down my network for the insurance money” — Last Week Tonight host John Oliver went after Warner Bros. Discovery during his Sunday broadcast …
Discussion:
Deadline
Anna Menta / Decider:
Movies from Warner Bros. are no longer guaranteed on HBO Max after 45 days in theaters; a source says streaming dates will be decided on a “case-by-case basis”
Discussion:
Gamereactor UK, CBR, The Wrap, @decider, @lancestlaurent, Collider, @unclegrambo, ScreenRant, CBR, @regulartweetsuk and @amid
Rick Edmonds / Poynter:
A look at the diverging fortunes of The New York Times and Gannett, as a recent internal memo shows 88% of Gannett's subscription revenue still comes from print — Where Gannett has spread itself too thin, the Times has found overwhelming success with its longstanding digital-focused plan
Discussion:
@davidlarter, Media Nation, @dkiesow, @brierdudley, @jimswiftdc, @tatecurtis, @kellymcb, @jayrosen_nyu, @allisonlcarter, @jeongpark52, @garonsen, @clarajeffery, @poynter, @daphnechen_, @h_edelman and @jbenton
Joe Pompeo / Vanity Fair:
An interview with Rachel Maddow on her decision to step back from MSNBC's daily prime time slot after 14 years to focus on a WWII-era podcast and other projects — The cable juggernaut signed a multimillion-dollar contract to not be on the air five nights a week.
Discussion:
@vanityfair, Webb Chatham Report, @joehagansays, @bywillpollock, TVNewser, @shaunproulx, The Wrap, @vanityfair, UPROXX, Mediaite, New York Post, @neilmcmahon, Supercreator, The Hill, @joepompeo, @mlcalderone, Variety, Insider and Blood & Ink
Jack Stebbins / CNBC:
Apptopia: Netflix's games have 23.3M downloads and average 1.7M DAUs, under 1% of Netflix's 221M subscribers; Netflix plans to have 50 games by the end of 2022 — - Netflix plans to expand its video game catalog from 24 to 50 by year-end, marking a significant investment.
Discussion:
TechCrunch, Input, The Streamable, @counternotions, Dan's Stack, The Desk, CNET, @davezatz, The Verge, @chrismlacy, 9to5Mac and Next TV
Patrick Coffee / Wall Street Journal:
Lyft forms Lyft Media, a business unit to consolidate and expand its ad offerings, and plans to show more ads in cars, on its app, and at bike-share stations — Through its Lyft Media unit, the ride-hailing company plans to offer more ads inside cars, on its app and at bike-share stations
Discussion:
Lyft, @counternotions, @itstheannmarie, @nandoodles, @om, @patrickcoffee, @kenanhsaleh, @tkawaja, TechCrunch, @megancgraham and MediaPost
Wall Street Journal:
Gannett, Warner Bros. Discovery, The New York Times, Paramount, and other US media firms have noted a Q2 2022 advertising slowdown and headwinds in Q3 guidance — Warner Bros. Discovery, New York Times and Paramount Global warn of pressure on ad revenue — U.S. television networks …
Discussion:
@mmaglobal, @dwaynelaf, @michaelmiraflor, @jason_kint, Digiday, @newley, American Press Institute and @blackamazon
Wall Street Journal:
Despite YouTube suspending hundreds of Kremlin-linked channels, Russia has yet to ban the service, some argue because the Kremlin views it as too big to block — Access to the video site allows Russians access to one of the few sources of independent information about the Ukraine war
Discussion:
@rachaelmyrow, @anthony, @mhbergen, @samschech and Beyond Search
Ivan Levingston / Bloomberg:
Some companies are hiring B2B influencers, mostly on LinkedIn, to pitch to other companies; LinkedIn says 11M+ users have enabled “creator mode” as of July 2022 — Bernard Marr, 49, who has degrees in business, engineering, and information technology, is interested in topics …
Discussion:
@jordannovet
The Guardian:
News Corp reports Q4 revenue up 7% YoY to $2.67B, $127M net income, WSJ subscriptions up 8% YoY to 3.7M+, and full year 2022 net income up 95% YoY to $760M — Rupert Murdoch's publishing and media giant attributes record profits and revenue to acquisitions and digital transformation
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