Top News:
New York Times:
Sources: The Washington Post is on track to lose money in 2022 after years of profitability, and CEO Fred Ryan floated cutting 100 jobs; WaPo denies staff cuts — With digital subscriptions and digital advertising revenue stagnating, the company is on pace to lose money this year.
Discussion:
@katie_robertson, @benmullin, @katie_robertson, The Wrap, Mediaite, @rmac18, New York Post, @glcarlstrom, @frances_coppola, @gbrockell, @thrasherxy, @danprimack, @brianboyer, @emmacarew, @peterwsinger, @brianvastag, @sarahkaplan48, @bendreyfuss, @jfk_america, @tessaduvall, @brian_callaci, @jm_mcgrath, @brianmfloyd, @mattscalici, @eockerman, @wesleylowery, @moorehn, @loudmouthjulia, @kemettler, @jamesrbuk, @samthielman, @edzitron, @tvgrimreaper, @benedictevans, @benedictevans, @mattdpearce, @jaspar, @semaforben, @tenreirodaniel, @bigblackjacobin, @rohitkachrooitv, @natemcdermott, @abeaujon, @dnvolz, @stevenjcbuckley, @zerohedge, @pkafka, @benmullin, @dylanmatt, @kimmasters, @benmullin, @crecenteb, @joshschwerin, @janefriedman, @epicciuto and @jayrosen_nyu
Todd Spangler / Variety:
YouTube Chief Business Officer Robert Kyncl plans to leave in early 2023 after 12+ years as a senior executive; Google veteran Mary Ellen Coe will replace him — Robert Kyncl will exit YouTube in early 2023 after more than 12 years as a senior exec at video giant.
Ryan Broderick / Garbage Day:
Social media election “war rooms” are set up to obscure the fact that misinformation and disinformation are integral parts of user-generated content platforms — Read to the end for a great Reddit post — The Election War Room Scam — We're less than three months away …
Discussion:
@broderick, @ellievhall, @venkatananth, @alexhern, PC Gamer, @jbenton, @carnage4life, @jaredlholt, @nberlat and @drewharwell, more at Techmeme »
Colin Stutz / Billboard:
Sony Music sues Triller for failing to pay licensing fees for months while continuing to use Sony's catalog after Sony ended their deal earlier in August 2022 — The record label says it's owned millions in monthly payments and for copyright infringement since it terminated their licensing agreement earlier this month.
Sara Fischer / Axios:
Time acquires Brandcast, which offers a no-code service for creating websites, and rebrands it as Time Sites; it is Time's first acquisition under the Benioffs — Time has bought Brandcast, a company that licenses software for easy-to-build marketing websites, Time's editor-in-chief and CEO Edward Felsenthal told Axios.
Discussion:
TIME, @markstenberg3, @axios, @sarafischer and @raju
Sarah Scire / Nieman Lab:
Twitter confirms rolling out customizable article preview cards called Tweet Tiles to The New York Times, The Guardian, and The Wall Street Journal last week — Have you noticed that some news article cards on Twitter are looking a little different lately?
Discussion:
American Press Institute and @jason_kint
Josh Dickey / The Wrap:
On the eve of its release, Regnery postpones Dinesh D'Souza's book version of 2000 Mules to October 25, 2022, citing a “publishing error” — Dinesh D'Souza's book version of “2000 Mules,” based on the film that makes widely debunked claims that people were paid to dump fraudulent ballots …
Discussion:
The Daily Beast, Mediaite, @jamesrbuk, @sharonwaxman and @willsommer
National Union of Journalists:
After Reach pay and workload talks break down, the UK's National Union of Journalists plans to strike on August 31 and from September 13 to September 15, 2022 — Following two days of negotiations over the bank holiday weekend, brokered by ACAS the arbitration service, talks between the NUJ and Reach have broken down with no deal.
Discussion:
Press Gazette, @jimwaterson, @jimwaterson, @nuj_leicester and @nujofficial
Alex Heath / The Verge:
Sources: Snap is planning to lay off ~20% of its 6,400+ employees; the layoffs are set to begin on Wednesday — Snap's stock price has declined nearly 80 percent this year — Snap is planning to lay off approximately 20 percent of its more than 6,400 employees, according to people familiar with the matter.
Jordan Middler / Video Games Chronicle:
Meta plans to shutter the Facebook Gaming app on iOS and Android on October 28, 2022, transferring games, content, and groups to the main Facebook app — MUCH OF THE FUNCTIONALITY WILL BE MIGRATED TO THE MAIN FACEBOOK APP — Facebook will end support for its Facebook Gaming app in October, it's announced.
Discussion:
TechCrunch, CNN, CNBC, Digital Trends, @whatleydude, @ryan_browne_ and The Verge, more at Techmeme »
Mark Stenberg / Adweek:
Ad Practitioners, which owns editorial titles Money and ConsumersAdvocate.org and the ad delivery service Navchain, rebrands as Money Group to reflect its focus — The six-year-old company is generating a nine-figure revenue, fueled by intent-based ads — The media company behind …
Discussion:
Money Group and @markstenberg3
Sara Guaglione / Digiday:
Apple says the number of Apple Podcast subscribers grew by 300%+ since June 2021 and 25%+ of the top 100 shows in its Top Shows chart now offer a subscription — Dateline, NBC's true crime newsmagazine show, is offering a paid podcast subscription through Apple's in-app product starting today.
Discussion:
AppleInsider, @simonowens and TechCrunch
RELATED:
Charlotte Klein / Vanity Fair:
An interview with The New York Times' Astead Herndon on his upcoming podcast The Run-Up, which aims to cover the US midterms focusing on ideas over news scoops — Host Astead Herndon wants his forthcoming podcast, The Run-Up, to cover the midterms for more than the political-insider set.
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