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9:10 AM ET, July 26, 2023

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 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, more at Techmeme »
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
Naman Ramachandran / Variety:
The BBC invested £128.5M into TV and radio content under its Creative Diversity Commitment, hitting its £100M three-year goal with one year to spare  —  The BBC invested £128.5 million ($165.7 million) into TV and radio content in the first two years of its Creative Diversity Commitment, a year ahead of target.
Discussion: BBC, @blackamazon and Deadline
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 …
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.
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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%+
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
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
 Earlier Picks: 
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
TechCrunch:
Threads adds an option for a chronological feed of posts from people the user follows
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
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Sources: Apple is working on a smart doorbell system with advanced facial recognition that can wirelessly connect and unlock third-party smart locks

Lee-Anne Mulholland / The Keyword:
Google files its proposed remedies in the DOJ's search antitrust lawsuit, including letting browser companies have multiple default agreements across platforms

Kyle Wiggers / TechCrunch:
Donald Trump announces that Sriram Krishnan, until recently a general partner at a16z, will serve as senior policy advisor for AI at the White House OSTP
 
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