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6:50 AM ET, July 26, 2023

Mediagazer

 Top News: 
Todd Spangler / Variety:
YouTube's ad revenue increased 4.4% YoY to $7.67B in Q2, above expectations of $7.43B and a reversal after three consecutive quarters of declines  —  Alphabet, the parent company of Google and YouTube, came in above analyst earnings expectations, with top-line growth of 7%.
RELATED:
Ivan Mehta / TechCrunch:
Google says 2B+ logged-in monthly users are watching YouTube Shorts, up from 1.5B+ in June 2022, and YouTube is reaching 150M people on their TVs in the US  —  Google said today that more than 2 billion logged-in monthly users are watching YouTube Shorts, giving it an edge over competitors like TikTok and Instagram Reels.
Discussion: CNBC
Newley Purnell / Wall Street Journal:
Meta hasn't labeled propaganda accounts of state-backed media from Russia and other authoritarian governments on Threads, unlike on Facebook and Instagram  —  State-backed media accounts have hundreds of thousands of followers without the labels they are made to carry on Instagram and Facebook
Kyle Wiggers / TechCrunch:
Documents detail the struggles of Amazon's Clubhouse rival Amp, launched in March 2022 with a year-end target of 1M+ MAUs; a source says MAUs sit at 700K today  —  At the height of the COVID-19 health crisis, when many of us — forced by quarantine rules and social distancing guidelines …
Discussion: The Information
Reuters:
Sources: music rights company BMI is again exploring options including a sale; BMI switched to a for-profit model in 2022 after failing to sell itself in 2021  —  Broadcast Music Inc (BMI), the music rights company representing top songwriters such as Lady Gaga, Taylor Swift and Rihanna …
Aisha Malik / TechCrunch:
Spotify CEO Daniel Ek teases ways the company could integrate additional AI into its products, including summarizing podcasts and generating audio ads  —  During the company's second-quarter earnings call this morning, Spotify CEO Daniel Ek teased a few ways the streaming service could introduce additional AI-powered functionality.
RELATED:
Sarah Taaffe-Maguire / Sky News:
NatWest CEO Dame Alison Rose admits to being the BBC source for an erroneous story that said Coutts de-banked Nigel Farage for financial, not political, reasons  —  NatWest chief executive Dame Alison Rose said she thought she was confirming publicly available information to a BBC reporter …
Jon Lafayette / Next TV:
Marquee Sports Network, a Chicago Cubs and Sinclair joint venture, launches a streaming app with live Cubs games and more in the Chicago area, for $19.99/month  —  Subscription costs $19.99 a month  —  Marquee Sports Network, the regional sports network joint venture of the Chicago Cubs and Sinclair …
Tatiana Siegel / Variety:
Sources detail Jeff Zucker's efforts to court potential investors in a bid for CNN, including Jeff Bezos, Laurene Powell Jobs, Alex Soros, and Roman Abramovich  —  Jeff Zucker was breezing through the Faena Hotel in Miami Beach when he spotted David Zaslav across the room.
 
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 More News: 
Matias Grez / CNN:
The BBC apologizes for a reporter's “inappropriate” question at the Women's World Cup opener; the reporter asked Morocco's captain if the team had gay players
Jonathan Vanian / CNBC:
Snap reports Q2 revenue down 4% YoY to $1.07B, vs. $1.05B est., DAUs up 14% YoY to 397M, vs. 395M est., and Q3 revenue forecast below est.; SNAP drops 16%+
Charlotte Tobitt / Press Gazette:
In response to MPs questions over The Sun's Huw Edwards reporting, its EIC says the story had “significant scrutiny pre-publication” and corroborative evidence
 Earlier Picks: 
TechCrunch:
Threads adds an option for a chronological feed of posts from people the user follows
Jon Lafayette / Next TV:
Nexstar names Fox distribution head Michael Biard as its president and COO, effective August 21; Fox Corp. names David Espinosa to succeed Biard
Angelique Jackson / Variety:
SAG-AFTRA Foundation president Courtney B. Vance says Dwayne Johnson donated a seven-figure sum to the SAG-AFTRA Relief Fund, the largest single donation ever