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6:35 AM ET, August 3, 2023

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 Top News: 
Doomberg:
Doomberg, a pseudonymous Substack publication about economic and policy news with 150K+ subscribers, plans to leave Twitter to focus on Substack Notes  —  The Work of My Life: July 2023 Report  —  “There is a time for departure even when there's no certain place to go.”  - Tennessee Williams
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Amanda Marcotte / Salon:
Some experts say trolls who built businesses and media careers on Twitter have had to escalate shock value tactics as the audience of “normal people” shrinks  —  Elon Musk's business model depends on “triggering” liberals — but he's now running out of progressives to bait
Shubham Kalia / Reuters:
France's AFP sues X in Paris, saying the company refused to discuss potential content distribution payments under a 2019 law; Elon Musk calls the move “bizarre”  —  said on Wednesday it filed a lawsuit in Paris against Elon Musk's X social media platform, formerly known as Twitter …
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Elon Musk / @elonmusk:
Elon Musk says X will amend its creator payouts policy to take no cut until a payout exceeds $100K, and plans to talk to Tim Cook about lower App Store fees
New York Times:
Sources: Fox News execs Jay Wallace and Suzanne Scott lobbied Trump to appear at an August 23 debate, during a private dinner just after his third indictment  —  The Fox leaders appealed to the former president to participate in the first G.O.P. debate, which is being hosted by the network.
Michael Geist:
As Meta starts blocking news links and sharing on Facebook and Instagram in Canada, a look at the harm that Bill C-18 will do to the country's media sector  —  For months, supporters of Bill C-18, the Online News Act, assured the government that Meta and Google were bluffing when they warned …
Brooks Barnes / New York Times:
The SAG-AFTRA Foundation says Meryl Streep and George Clooney helped lead a donation campaign that raised $15M+ in three weeks; eight other stars gave $1M+ each  —  The stars, joined by celebrities like Matt Damon and Oprah Winfrey, helped raise more than $15 million over the past three weeks.
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John Koblin / New York Times:
The Writers Guild of America told screenwriters in an email that it agreed to restart talks with Carol Lombardini, the studio negotiator, on Friday, August 4
New York Times:
Sources say second-round bids for Simon & Schuster were due earlier this week and the sale process is expected to conclude in the coming weeks  —  The move to acquire the publisher, one of the five largest in the country, comes after the government blocked a deal last year on antitrust concerns.
Discussion: @benmullin
Haleluya Hadero / Associated Press:
Twitch expands its ban on livestreams of gambling content to include online casinos Blaze and Gamdom; gambling viewership dropped ~75% after its bans in 2022  —  Amazon-owned Twitch said Wednesday it's expanding the ban on livestreams of gambling content on the platform.
Daniel Thomas / Financial Times:
Ofcom: UK broadcast TV weekly audience reach fell to 79% in 2022 vs. 83% in 2021; 66% of UK households were using an SVOD service in Q1 2023 vs. 68% in Q1 2022  —  Media regulator's research shows big fall in weekly audiences of traditional ‘linear’ programming
 
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 More News: 
Robin Wigglesworth / Financial Times:
Study: the financial information industry generated $37.3B in revenue in 2022, with Bloomberg and Refinitiv accounting for about two-thirds of the total
Alex Weprin / The Hollywood Reporter:
Filing: WWE Executive Chairman Vince McMahon faced a search warrant and subpoena in July and is now on medical leave; the merger with Endeavor's UFC is on track
Benjamin Mullin / New York Times:
PBS announces that The Atlantic EIC Jeffrey Goldberg will be the next moderator of Washington Week, which will be renamed Washington Week With The Atlantic
Helen Coster / Reuters:
Thomson Reuters reports Q2 operating profit up 111% YoY to $825M and revenue up 2% YoY to $1.6B; News revenue grew 1% to $194M
Emilia David / The Verge:
Meta releases AudioCraft, an open-source AI tool that lets users create music and sounds via text prompts, consisting of MusicGen, AudioGen, and EnCodec models
 Earlier Picks: 
New York Times:
People, The Washington Times, MarketWatch, and others fell for an elaborate hoax that claimed Barbie dolls would be plastic free by 2030; most removed the posts
Mark Caro / Local News Initiative:
Q&A with ex-Washington Post chief Marty Baron on the need for outlets to figure out a commercially successful model by themselves, the role of owners, and more