Top News:
Scott Deveau / Bloomberg:
Activist investor ValueAct Capital takes a 7% stake in The New York Times and urges an aggressive rollout of subscriber-only bundles; NYT's stock jumps 10%+ — Activist investor ValueAct Capital Management has built a new position in the New York Times Co., contending the iconic newspaper company …
Discussion:
New York Times, @espiers, Financial Times, @newsynick, Wall Street Journal, @felixsalmon, @bernstein and CNBC
Twitter:
Twitter outlines its Civic Integrity Policy ahead of the US midterm elections, including state-specific hubs featuring local news and better account protections — Twitter is the place to find real-time, reliable information about the 2022 midterms - whether you're looking for breaking news from reporters …
Discussion:
@twittersafety, New York Post, @shayan86, CNN, The Hill, CNET, Gizmodo, Engadget, @michaelmalice, Reclaim The Net, @donie, @levinejonathan, @w7voa, @tedcruz, @digiphile, @twittersafety, Mediaite, @bretweinstein and The Hill, more at Techmeme »
Todd Spangler / Variety:
While Disney has more streaming subscribers than Netflix, Disney+'s US and Canada ARPU was $6.27/month in its Q3, vs. Netflix's ARPU of $15.95/month in its Q2 — But the value of those subscriber bases is much different. — Domestically, for example, Disney+ generated about 39% …
Discussion:
Axios, The Walt Disney Company, SlashFilm, @xpangler, Associated Press, Decider, TechCrunch and TVLine
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Erik Hayden / The Hollywood Reporter:
Disney lowers its Disney+ subscriber forecast to between 135M and 165M by 2024, and separates its Disney+ Hotstar subscriber guidance, aiming to hit 80M by 2024
Discussion:
Forbes, The Great Reset Diary 2022, Collider, @nixxin, Wall Street Journal, The Hollywood Reporter, Deadline, CNBC and Variety, more at Techmeme »
Aisha Malik / TechCrunch:
Disney hit 221.1M global streaming subscribers in its Q3, above Netflix's 220.7M in its Q2; Disney+ had 152.1M subscribers, Hulu had 46.2M, and ESPN+ had 22.8M
Discussion:
The Guardian, CNN, Observer, Gamereactor UK, Fortune, Broadband TV News, Boing Boing, MediaPost, Too Much TV Newsletter, IndieWire and CNBC
Nieman Lab:
A look at the pros and cons of Canada's Online News Act, which could be made more inclusive but has greater transparency than Australia's news bargaining bill — While many governments around the world have begun to more actively engage in the journalism policy space in recent years …
Discussion:
Journalism news …, @niemanlab, @emilybell, @journo_dale and @supriyadwivedi
Etan Vlessing / The Hollywood Reporter:
Chicken Soup for the Soul Entertainment, which owns the streaming service Crackle, completes its acquisition of Redbox in a $375M all-stock deal — The acquisition bolsters the combined entity's presence in the fast-growing ad-supported streaming space. — Crackle streaming service owner …
Discussion:
The Streamable, @zaackhunt and Variety
Rasha Al Aqeedi / New Lines Magazine:
Veteran Iraqi actress and talk show host Enas Taleb plans to sue The Economist for using her picture as an example of “fat” Arab women in a July 28, 2022 story — The British newspaper ran a story about the epidemic of obesity among Arab women and used the photo of Enas Taleb to illustrate the phenomenon
Discussion:
BBC, @leloveluck, @newlinesmag, @amadfarouki, @_amroali, @rashaalaqeedi, VICE, Arab News, Daily Mail, Deadline, Newser and New York Post
Todd Spangler / Variety:
Fox Entertainment plans to expand its free, ad-supported streaming service Tubi to Costa Rica, Ecuador, El Salvador, Guatemala, and Panama later in August 2022 — Fox Entertainment's Tubi is upping its free-streaming game in Latin America, set to launch in five countries in the region later this month.
Discussion:
Media Play News
Asif Shahzad / Reuters:
Pakistan's interior minister says TV channel ARY TV will face sedition charges for airing comments made by an adviser of former Prime Minister Imran Khan — A close aide to Pakistan's former Prime Minister Imran Khan and a local media house will face sedition charges, accused of inciting mutiny …
Discussion:
Al Jazeera
Sara Guaglione / Digiday:
Fortune, Bloomberg, Forbes, Gizmodo, and Money are growing their dedicated blockchain and crypto teams, even amid a bear market, to better explain the tech — The week the cryptocurrency market crashed in mid-June, Fortune sent Jeff Roberts an offer to become its crypto editor and oversee building a team of reporters.
Discussion:
TechCrunch and @jeffjohnroberts
Hamish McKenzie / On Substack:
Substack's Hamish McKenzie changes his title to Chief Writing Officer from COO to emphasize the platform's respect for writers and says he'll be writing more — The first job title I've ever taken seriously … Audio playback is not supported on your browser. Please upgrade.
Discussion:
@annehelen, @kgeee, @kgeee, @jaykaydee, @rmac18, @pkafka, @hamishmckenzie, @annehelen, @hamishmckenzie, @annehelen and @annehelen
Financial Times:
A look at livestreamed e-commerce, already mature and established in China, which TikTok, YouTube, Meta, Amazon, and others want to bring to the US and Europe — Manrika Khaira regularly broadcasts live on TikTok to her following of more than half a million people.
Eric Mandel / Atlanta Business Journal:
Mailchimp co-founder Ben Chestnut plans to step down as CEO after 21 years and transition to a founder-advisor role; Intuit's Rania Succar will take over — Managing Editor, Atlanta Business Chronicle — See Correction/Clarification at end of article — Ben Chestnut is stepping …
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