Top News:
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.
Discussion:
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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 …
Discussion:
Nielsen, TechCrunch, Axios, The Drum, Radio & Television …, SlashFilm, The Verge, NPR, The Streamable, Gizmodo, @tvgrimreaper, The Wrap, Deadline, What's On Disney Plus, @michellemanafy, @jrosenworcel, Ad Age, 9to5Mac, @meganclasen, Wall Street Journal, @mediumbuying, MediaPost, Looper, Los Angeles Times, The Hollywood Reporter, Next TV, Bloomberg and RAIN News, more at Techmeme »
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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:
Ofcom, @jimwaterson, Ofcom, @elipariser, Media Play News, @ofcom, @ofcom, @faris, 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, Awful Announcing, The Streamable, ESPN, Mediaite, @bigten, WGN-TV, The Athletic, Bloomberg, Media Play News, Sports Illustrated, Wall Street Journal, @rodger, @kendallrogers, @rltsports, @themontaggroup, @iamamnanawaz, The Hollywood Reporter, @shiraovide, @jondmiller, @mediumbuying, @frankthetank111, 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 …
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:
BGR, SlashFilm, @loudmouthjulia, @loudmouthjulia, @loudmouthjulia, @alexweprin, Looper, Deadline, Gizmodo, @jasondashbailey, @bjhiddenjokes, CBR, TechCrunch, The Daily Beast, @morganwick, @hulkied and @bags
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:
@markjburns88, @stevekrak, Barrett Media 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.
Dade Hayes / Deadline:
Sinclair will roll out its direct-to-consumer streaming service Bally Sports+ on September 26, on iOS, Android, Android TV, tvOS, and at BallySports.com — Capping a challenging multi-year development process, Sinclair Broadcast Group's regional sports unit has set September 26 …
Discussion:
Awful Announcing, Bally Sports, @justinctoscano, @jefffletcherocr, TechCrunch and Awful Announcing
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 …
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:
Podcast Movement, Media Voices and @simonowens
Ted Johnson / Deadline:
Vice World News will launch a news channel on Twitch, with two-hour live shows on Tuesdays and Thursdays, starting at 11am ET on August 23 — Vice World News will launch a news channel on the streaming platform Twitch, with plans for live shows twice a week.
Discussion:
@katiedrumm, @macklamoureux and Adweek
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:
@chiaraeisner, @chiaraeisner, @mollytaft, @mollytaft, @mollytaft, @mollytaft and @mollytaft
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