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1:25 PM ET, August 18, 2022

Mediagazer

 Top News: 
Todd Spangler / Variety:
Nielsen: in July, for the first time, streaming had the largest share of US TV viewing at 34.8%; cable and broadcast had 34.4% and 21.6%, respectively  —  Americans now watch more stuff on TV from streaming services than either broadcast or cable TV.  —  Streaming platforms, led by Netflix …
Michael Smith / Sports Business Journal:
The Big Ten Conference finalizes media rights contracts with CBS, Fox, and NBC totaling $8B+ over seven years, almost 3x more than the previous contract  —  The Big Ten has finalized media rights contracts with CBS, Fox and NBC that will total more than $8 billion over seven years …
Wilson Chapman / Variety:
HBO plans to remove ~36 titles from its service as early as this week, citing the pending Discovery+ merger; the move will likely help cut costs and residuals  —  HBO Max will remove almost 36 titles from its service as early as this week, Variety has confirmed.
Molly Taft / Gizmodo:
A look at Chevron-sponsored Permian Proud, a new site in a Texas news desert that offers local event info, feel-good stories, and positive “news” about Chevron  —  At first glance, the story looks like something your aunt might post on her Facebook from her local newspaper.
J. Clara Chan / The Hollywood Reporter:
Apple Podcasts adds charts for the top 100 most-subscribed shows and channels available on the service but will not release specific subscriber numbers  —  Wondery+ is the most-subscribed channel offered on Apple Podcasts.
Mark Gurman / Bloomberg:
Netflix iOS app code suggests the ad-supported tier, arriving in early 2023, won't let users download shows for offline viewing or skip ads  —  Netflix Inc. isn't planning to let users of its new ad-supported tier download shows and movies to their devices for offline viewing …
Esther Kezia Thorpe / Media Voices:
A look at the growth of print subscriptions for news-focused magazines with little advertising in the UK, including The Economist, The Spectator, and The Week  —  The stereotypical print magazine is jam-packed with advertising.  September issues of fashion magazines in particular used …
Thomas Seal / Bloomberg:
GB News co-founders Andrew Cole and Mark Schneider and Warner Bros. Discovery will sell their stakes in GB News as part of a £60M fundraising round  —  Warner Bros. Discovery Inc. will sell its stake in British television startup GB News as part of a £60 million fundraising round.
K.J. Yossman / Variety:
Ofcom's annual Media Nations report shows the UK streaming sector made £2.7B profit in 2021, up 27% YoY; 5.2M UK homes subscribe to Netflix, Prime, and Disney+  —  The streaming sector in the U.K. made profits of £2.7 billion ($3.3 billion) in 2021 - a year-on-year increase of 27% …
RELATED:
Alex Barker / Financial Times:
Ofcom: in the UK, those aged 15-24 spent 57 minutes/day on TikTok in 2021, compared to 53 minutes/day watching TV; those 65 or over spent six hours watching TV
 
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 Earlier Picks: 
Alex Barinka / Bloomberg:
As part of its ban on political ads, TikTok will remove paid political posts by influencers; election-related posts will be reviewed and could be throttled
Scott Roxborough / The Hollywood Reporter:
German media giant RTL Group launches RTL+ Musik to stream video, including movies, TV, and news, and audio, including music, podcasts, and radio channels
Sara Fischer / Axios:
Meta updates its political ads policy before the US midterms, including banning edits for political, social, and electoral ads running one week prior
 

 
From Techmeme:

Chris Welch / The Verge:
Apple unveils $999+ 11" and $1,299+ 13" iPad Pros, with M4, an OLED Ultra Retina XDR screen, up to 1,600 nits; the 13" is Apple's thinnest product yet, at 5.1mm

Wesley Yin-Poole / IGN:
Memo: Microsoft's Xbox division to shut down multiple Bethesda studios and consolidate teams to prioritize high-impact titles and invest in Bethesda's portfolio

Lorenzo Franceschi-Bicchierai / TechCrunch:
UK and US authorities identify and charge the leader of the LockBit ransomware gang, a 31-year-old Russian national; the US also issued sanctions against him
 
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