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David Folkenflik / NPR:
CNN is canceling the weekly media show Reliable Sources, and host Brian Stelter is leaving the network; Reliable Sources' final episode will air on August 21 — CNN is canceling its Sunday media affairs show Reliable Sources, and host Brian Stelter is departing the network, Stelter tells NPR.
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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 …
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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
Discussion:
@jimwaterson, Ofcom, Ofcom, @elipariser, @ofcom, @ofcom, @faris, Media Play News, Future News & Media, @stokel, @1br0wn, BBC, 9to5Mac, Daily Mail and Fortune
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 …
Discussion:
New York Times, Big Ten Conference, The Streamable, ESPN, @bigten, The Athletic, @plalor, @kerrybkenny, Awful Announcing, TVNewsCheck, Bloomberg, Media Play News, Sports Illustrated, Wall Street Journal, @rodger, @kendallrogers, @rltsports, @themontaggroup, @iamamnanawaz, The Hollywood Reporter, @shiraovide, @jondmiller, @mediumbuying, @frankthetank111, WGN-TV, The Wrap and Barrett Media
Jess Weatherbed / The Verge:
Google plans to prioritize “content made specifically by and for people” in Search in English globally, covering shopping, arts and entertainment, and more — The first update starts rolling out on Monday — Google is making a series of updates to Search that aim to tackle clickbait …
Discussion:
The Keyword, Search Engine Land, TechCrunch, @nickwilsdon, @optionshawk, @mordyoberstein, @sengineland, @rustybrick, Engadget, Insider, @campuscodi, @zombie_wretch, MarTech, @corbindavenport, Fast Company, @atgarone, CNET, @chrismessina, @johnkoetsier, @dannysullivan and @rustybrick, more at Techmeme »
Charlotte Shane / New York Times:
A look at the emotional power of TikTok audio memes, which have emerged as a cultural currency as strong as, or stronger than, images and text — 'Brain — feel.' — On March 25, 2020, Chris Gleason was in bed at his parents' house in Pennsylvania, thinking up ideas for videos that might go viral.
Discussion:
@mattnavarra, @charoshane, @kaleighrogers, @shiraovide and @marklittlenews
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.
Discussion:
SlashFilm, Billboard, Engadget, @perezhilton, BGR, @jasondashbailey, Gizmodo, @bjhiddenjokes, @loudmouthjulia, CBR, Looper, @loudmouthjulia, @loudmouthjulia, The Daily Beast, @alexweprin, @morganwick, @hulkied, @bags, Deadline and TechCrunch
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.
Discussion:
@mollytaft, @chiaraeisner, @mollytaft, @mollytaft, @mollytaft, @chiaraeisner and @mollytaft
Tom Webster / Sounds Profitable:
Podcasting doesn't seem to be retaining listeners: surveys show ~50% of US respondents have been listening for <1 year yet annual listener growth is modest — Survey after survey tell us that people continue to discover podcasting every year. But is podcasting growth really a case of three steps forward, two steps back?
Discussion:
@soundsprofnews, Podcast Movement, @simonowens and Media Voices
Gerry Smith / Bloomberg:
Penn Entertainment Inc., owner of 36% of Barstool Sports, is buying the remaining shares of the sports and culture outlet, gaining full control by February 2023 — Penn Entertainment Inc. is acquiring the remaining shares of Barstool Sports that it doesn't already own …
Discussion:
Barrett Media, @markjburns88, @stevekrak and Casino.org
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.
James Hercher / AdExchanger:
Walmart reports Q2 ad revenue grew 30% YoY, likely in the $500M-$700M range since its ad business made $2.1B in revenue in 2021 — Advertising may be just a fraction of Walmart's overall revenue - but it's a nerve center for growth. — Walmart, which reported its quarterly on Tuesday …
Alexandra Steigrad / New York Post:
The New York Daily News' union blasts Alden Global Capital, the newspaper's owner, for working conditions it says are causing staffers to “quit in droves” — The New York Daily News union slammed the vulture hedge fund that owns the 102-year-old newspaper for unsustainable work conditions …
Discussion:
@tvgrimreaper, @nydnunion, @nydnunion, @nydnunion and @nydnunion
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