Mediagazer: 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 (Daniel Thomas/Financial Times)

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

Discussion: @doombergt, @howardlindzon, @jeremydschwartz, @substacklinda, @max_gagliardi and @lastbearstandng

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 — Super Important to Support Creators! If you can afford it, please subscribe to as many creators on this platform as you find interesting. People from every corner of the world post incredible content on 𝕏, but often live in tough circumstances, where even a few hundred...

Discussion: @scobleizer, @rdotchadha, MacRumors, @sawyermerritt, 9to5Mac, @oalexanderdk, Engadget, @xdaily and The Verge, more at Techmeme »

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.

Discussion: New Republic, Daily Kos, The Wrap, Rolling Stone, Mediaite, @joshsternberg.bsky.social, Washington Post, Breitbart, The Hill, @scribandotcom@mastodon.social and @barney@mas.to

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

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 …

Discussion: Meta, @melissambarki, @pierrepoilievre, @amyklobuchar, @pascalestonge_, @mark_goldberg, NewscastStudio, Android Police, New York Times, @mike_vlasman@cosocial.ca, @mikebabcock@floss.social, The Hill, Breitbart, CBC News, Vox, r/canada and Slashdot, more at Techmeme »

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

Discussion: Variety, Ofcom, Music Ally, @ofcom, @ofcom, @ofcom, @endersanalysis, Ofcom, Deadline and The Guardian

Oliver Darcy / CNN:

A US federal judge rules Catherine Herridge must participate in a deposition regarding the identity of confidential source(s) for her Fox News stories in 2017 — Editor's Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here.

Discussion: The Desk, Bloomberg Law, CourtListener, @kyledcheney, U.S. Press Freedom Tracker and @wlabovitz

TVNewsCheck:

Sinclair reports Q2 revenue down 8% YoY to $768M and a $89M net loss vs. $11M YoY, even after the “deconsolidation” of RSNs operated by Diamond Sports Group — Sinclair Broadcast Group on Wednesday afternoon reported that its second quarter total revenue decreased 8% …

Discussion: MediaPost, Next TV, Deadline, Radio & Television … and Sinclair, Inc

Alex Ross / New Yorker:

Apple failed to save classical music with iTunes and fails again with Apple Music Classical, an oddly clumsy point of entry that falls short of its competitors — As classical listeners shift to streaming, Apple's bespoke app falls short of its smaller-scale competitors.

Discussion: The Information, @oxfordclock, @ionarts, @ajdoug, @scurve and MIT Technology Review, more at Techmeme »

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 — Supplying the financial industry with data feeds, analytical tools, research and news is big business. Well, at least one of those is big.

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 — The WWE said in a footnote to a SEC filing that federal agents executed a search warrant and served a federal grand jury subpoena on McMahon July 17.

Discussion: CNBC, Mediaite, Bleacher Report, WrestleTalk, Breitbart, Los Angeles Times, New York Daily News, Associated Press, Sportico, ComingSoon.net and Deadline

Emily Longeretta / Variety:

Digital media company Factz acquires celebrity entertainment news site Hollywood Life; founder and EIC Bonnie Fuller leaves the company — Factz, a digital media company, acquired the celebrity entertainment news site HollywoodLife.com on Tuesday. Founder, president and editor-in-chief Bonnie Fuller is no longer part of the company.

Discussion: @ckrewson and The Wrap