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9:25 AM ET, August 31, 2022

Mediagazer

 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.
Alex Heath / The Verge:
Netflix hires two Snap executives to lead its ad-supported tier: Chief Business Officer Jeremi Gorman and VP of Sales for the Americas Peter Naylor  —  Snap's VP of ad sales is also leaving for Netflix  —  Netflix has found an executive to lead its plan for an ad-supported tier …
RELATED:
Alex Heath / The Verge:
Sources: Snap plans to start laying off ~20% of its 6,400+ employees on August 31, 2022  —  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.
Kaya Yurieff / The Information:
Substack reining in writer cash advances and other benefits like health care shows a broader cutback by tech companies, after a two-year battle to lure creators  —  Substack shook up traditional media last year, offering six-figure cash advances and benefits including healthcare to recruit writers …
Jim Waterson / The Guardian:
As Reach journalists join the UK's largest newspaper strike in decades, some describe struggling to pay their bills amid the cost of living crisis  —  Industrial action expected on Wednesday is largest strike to hit UK newspaper industry in decades  —  hen hundreds of staff at the Mirror …
RELATED:
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
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.
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.
Mark Bergen / Bloomberg:
A book excerpt details YouTube's efforts to remove Islamic extremist content and how the platform mostly failed to address other forms of political extremism  —  Unlike many of her colleagues at YouTube, Tala Bardan doesn't remember the company retreat in June 2017 as a nice long weekend.
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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 More News: 
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
Naman Ramachandran / Variety:
Disney Star licenses Indian TV rights for International Cricket Council tournaments to Zee from 2024 through 2027, opting to retain only the digital rights
Discussion: Broadband TV News and Bloomberg
 Earlier Picks: 
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”
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
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