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2:45 PM ET, August 31, 2022

Mediagazer

 Top News: 
Alex Heath / The Verge:
Memo: on top of cutting ~20% of its staff, Snap cancels its original shows, in-app games, and Zenly and Voisey apps; the layoffs could save $500M annually  —  Snapchat's original shows, in-app games, and camera drone are no more  —  Snap is laying off around 20 percent of its more than 6,400 employees …
RELATED:
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 …
Dade Hayes / Deadline:
Paramount+ plans to combine with Showtime into a single app for $11.99/month with ads and $14.99/month without; stand-alone Showtime will cost $10.99/month  —  Paramount+ and Showtime have combined into a single streaming app.  —  The full bundling follows an initial move last year to unify …
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.
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.
Jim Waterson / The Guardian:
As Reach journalists join the UK's largest newspaper strike in decades, some describe struggling to pay their own bills as they cover the cost-of-living crisis  —  Industrial action expected on Wednesday is largest strike to hit UK newspaper industry in decades
Alan Yuhas / New York Times:
Amid growing outrage, Bell Media CEO Mirko Bibic denies that “age, gender, or gray hair” were factors in dismissing veteran CTV News journalist Lisa LaFlamme  —  The chief executive of a Canadian news network pushed back against allegations that sex, age or gray hair were factors …
Ivan Mehta / TechCrunch:
Live Nation's Ticketmaster partners with Dapper Labs to issue ticket NFTs on the Flow blockchain and expands its NFL deal to give NFTs to attendees of 100 games  —  Ticketmaster will now let event organizers issue NFTs (non-fungible tokens) tied to tickets on Flow, a blockchain operated by a16z-backed Dapper Labs.
Dan Kennedy / Media Nation:
Internal memo: Boston Globe Media plans to add a sports betting section to its free Boston.com site in partnership with sports betting company Better Collective  —  Boston Globe Media is going into the sports-betting business, announcing a partnership with an outfit called Better Collective.
Casey Newton / Nieman Lab:
An interview with Medium CEO Tony Stubblebine: writers with subscribers should be paid more and thinking “Medium was going to shine” in journalism was a mistake  —  Sometimes as a reporter you write a piece that is critical of a company and the company decides not to talk to you again for a long while, or ever again.
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 …
 
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 More News: 
Bron Maher / Press Gazette:
Just 18 months after debuting The National Wales, Newsquest shutters it, citing competition from free outlets and rising inflation weakening subscription demand
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
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
 Earlier Picks: 
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