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8:20 AM ET, July 20, 2023

Mediagazer

 Top News: 
Lisa Richwine / Reuters:
Netflix reports Q2 revenue up 2.7% YoY to $8.2B, vs. $8.3B est., net income up 3.3% YoY to $1.5B, 5.9M net new subs, vs. 1.9M est., and a Q3 forecast below est.  —  Netflix Inc (NFLX.O) handily beat Wall Street earnings forecasts on Wednesday as a password-sharing crackdown …
RELATED:
Manish Singh / TechCrunch:
Netflix brings its password-sharing crackdown to India and other markets and says an “extra member” option won't be offered in places with its new restrictions  —  Netflix is bringing password-sharing crackdown to consumers in India and every other market starting today …
Or Goren / Cord Busters:
Netflix removes its most affordable $10/month ad-free Basic tier in the US and UK, charging new and rejoining members £10.99/month or $15.49/month for no ads
New York Times:
Sources: Google tests an AI tool to produce news stories, pitching the service to the NYT, WaPo, News Corp, and other outlets as a helpmate for journalists  —  The product, pitched as a helpmate for journalists, has been demonstrated for executives at The New York Times, The Washington Post and News Corp …
Katie Robertson / New York Times:
After scrutiny by campus newspapers, Stanford's president resigns and Northwestern fired its football coach, spotlighting the key role of student journalists  —  The president of Stanford and the head football coach at Northwestern left their positions after being scrutinized in campus newspapers.
Georg Szalai / Hollywood Reporter:
TelevisaUnivision reports Q2 revenue up 11% YoY to $1.2B, including 10% ad growth, after announcing in May that its free Vix streaming service passed 30M MAUs  —  Led by Mexico, total revenue grew 11 percent, “continuing to drive our leadership position in Spanish-language streaming with ViX …
Discussion: TelevisaUnivision
Haje Jan Kamps / TechCrunch:
A look at scammers on Fiverr claiming to sell TechCrunch articles, some of whom create fake websites as “proof” and appear to be part of an organized crime  —  I spent $800 to try to get a scammer to post an article on TechCrunch for me  —  A few times per day …
Glenn Guilbeau / OutKick:
The Atlanta Journal-Constitution fires Alan Judd after “errors that fell short of our standards” in a story on sex abuse claims against the UGA's football team  —  The Atlanta Journal-Constitution did not fully retract a recent, critical story about the University …
Hibaq Farah / The Guardian:
Ofcom survey: TikTok is the top news source for 12- to 15-year-olds in the UK, followed by YouTube and Instagram; 16- to 24-year-olds prefer Instagram for news  —  Algorithm-driven viral video app overtakes YouTube and Instagram as most used single source of news for young teenagers
Sharon Knolle / The Wrap:
Bron, the Canadian finance and production company behind films including Joker and Clint Eastwood's The Mule, files for bankruptcy  —  “The decision to seek creditor protection was not taken lightly and was adopted with a view to the best interests of the company and its many stakeholders," a company memo says
 
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 More News: 
Bloomberg:
Researchers say hate speech and misinformation on Twitter are up; CEO Linda Yaccarino says that's “incorrect” and touts improvements, like ad placement controls
Sahil Patel / The Information:
Sources: Netflix told advertisers in the past two weeks that its ad-supported tier has ~1.5M US subscribers; Hulu's 15-year-old ad tier has ~30M US subscribers
 Earlier Picks: 
Jim Waterson / The Guardian:
Dan Wootton says he made “errors of judgment in the past” and suggests the claims that he bribed men for sexual material were a campaign to undermine GB News
Charlotte Tobitt / Press Gazette:
Reach group EIC Lloyd Embley steps down after almost 30 years with the publisher; Reach's editors now report directly “on operational matters” to CEO Jim Mullen
Discussion: HoldtheFrontPage
Gene Park / Washington Post:
A look at “non-playable character” TikTok creators, like Pinkydoll, who livestream themselves saying and doing robotic actions repetitively for monetary tips
 

 
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

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

Paresh Dave / Wired:
Google says it wouldn't force its device makers, browser, and wireless carrier licensees to distribute Gemini to US users for three years, in a proposed remedy
 
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