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5:00 AM ET, September 1, 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
Wall Street Journal:
Sources: Disney explores a membership program akin to Amazon Prime, bundling streaming, theme parks, and merchandise, and adding a commerce feature to Disney+  —  Entertainment giant looks to package streaming, parks and merchandise offerings together; aims to add commerce feature to Disney+
David Bauder / Associated Press:
Media Insight Project's May-June 2022 survey: ~71% of younger Americans get news daily from social media and 32% enjoy following the news, down from 53% in 2015  —  Young people are following the news but aren't too happy with what they're seeing.  Broadly speaking, that's the conclusion …
Suzanne Vranica / Wall Street Journal:
Sources: Netflix seeks to charge brands a ~$65 CPM on its ad-supported tier, more than most other streaming services, and cap every brand's annual spend at $20M  —  Streaming giant aims for Nov. 1 launch of ad-supported tier, ad buyers say  —  Netflix Inc. NFLX 1.32%▲ …
Angela Fu / Poynter:
Sources: in a staff Q&A, CEO Mike Reed said Gannett laid off 3% of its US workforce in August 2022, or ~400 people; he and the CFO defended Reed's compensation  —  The round of layoffs, which started Aug. 12, followed a dismal second quarter.  —  Gannett CEO Mike Reed told staff …
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 …
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.
Manyun Zou / The Pudding:
A comparison of The Big Bang Theory episodes to censored ones in China suggests the government aims to silence sex and LGBTQ+ topics plus disrespect of China  —  With , Russell Goldenberg and Rob Smith  —  This story contains scroll-driven visuals.  View them in static format on off
ProPublica:
An investigation details an Instagram verification scheme using fake profiles on Spotify, Apple Music, Deezer, and more; Meta removes badges from 300+ accounts  —  ProPublica is a nonprofit newsroom that investigates abuses of power.  Sign up to receive our biggest stories as soon as they're published.
Bron Maher / Press Gazette:
Just 18 months after launching The National Wales, Newsquest shutters it, citing “competition from free news outlets” and falling subscriptions due to inflation  —  Newsquest is closing its news website for Wales, The National, 18 months after it launched.
 
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 More News: 
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
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
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
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
 Earlier Picks: 
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
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
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
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November
 
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