Top News:
Lillian Rizzo / CNBC:
Netflix reports Q2 revenue up 16.8% YoY to $9.56B, vs. $9.53B est., paid memberships up 16.5% YoY to 277.65M, vs. 274.4M est., net income up 44% YoY to $2.15B — Netflix reported second-quarter earnings Thursday that showcased the media giant's position at the head of the streaming race …
Discussion:
StreamTV Insider, Observer, The Verge, The Hollywood Reporter, Netflix, MediaPost, AdExchanger, The Media Leader, Advanced Television, The Information, Lillian Rizzo on LinkedIn, Fortune, Deadline, The Wrap, New York Times, @ainemacdermot.bsky.social, Ad Age and Variety, more at Techmeme »
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Reuters:
Netflix added 8.05M subscribers in Q2, vs. 5M est., as it benefited from its crackdown on password sharing and popular titles like Bridgerton and Baby Reindeer — Netflix (NFLX.O) said on Thursday it added more than 8 million subscribers in its second quarter as the streaming service benefited …
Caitlin Huston / The Hollywood Reporter:
Peter Naylor, Netflix's VP of ad sales since August 2022, is leaving, and the company plans to hire a head of US and Canada ad sales to replace his global role — The executive has been at the streaming giant since August 2022. … Naylor has been at Netflix since August 2022.
Discussion:
Ad Age, Variety, @pkafka, @pkafka, @pkafka, TVNewsCheck, The Information, Adweek and Deadline
Lucas Manfredi / The Wrap:
Netflix says its ad tier now accounts for 45%+ of all signups in the markets where it's available, and ad tier memberships grew 34% QoQ in Q2 to 40M MAUs in May
Discussion:
MediaPost, RTÉ, WORLD SCREEN, Financial Times, @sharonwaxman, IGN, Quartz, The Information, Next TV and Deadline, more at Techmeme »
BBC:
A Russian court convicts Evan Gershkovich of espionage and sentences him to 16 years in prison; Wall Street Journal calls the trial a “sham” — US journalist Evan Gershkovich has been sentenced by a Russian court to 16 years in prison on espionage charges, after a secretive trial decried as a “sham” by his employer.
Discussion:
Wall Street Journal, The Wrap, Mediaite, Business Insider, Al Jazeera, Voice of America, Washington Post, Courthouse News Service, Lucy Knight on LinkedIn, Breitbart, Reuters, Associated Press, Nora Eckert on LinkedIn, TVNewsCheck, The White House, @davidfolkenflik, @kimzetter, freebeacon.com, Raw Story, CBS News, The Sun, NPR, Semafor, Politico, Al Jazeera, Bloomberg, Euractiv, @jaketapper, New York Times, @jrezaian, Radio Free Europe/Radio …, @jtoonkel, Newser, The Guardian, Reuters, CNN, @brettbruen, @maxseddon, @bbcstever, @sylkegruhnwald@infosec …, Washington Examiner, Committee to Protect …, Fox News, News/Media Alliance, The Daily Beast and Talking Biz News
Patrick Smith / NBC News:
CrowdStrike reports widespread “BSODs on Windows hosts”, impacting thousands of PCs and disrupting TV broadcasters, including Sky News and NBC News — Major carriers, including American Airlines, Delta Air Lines and United Airlines, all issued ground stops Friday morning citing communications issues.
Discussion:
@george_kurtz, MediaPost, The Guardian, NPR, CNBC, Associated Press, Mercury News, Fast Company, Quartz, The Sun, SWAMY WORLD, Courthouse News Service, New York Times, Mashable, @davidgrayrhodes, MIT Technology Review, @aidanfitzryan, Ars Technica, Washington Post, Gizmodo, al.com, CBS News, The Record, Broadband TV News, @troyhunt, Variety, The Verge, New York Post, Houston Public Media, ABC13, ABC7, The US Sun, @vxunderground, @tomwarren, NBC Bay Area, Politico, @tomwarren, 9to5Mac, @troyhunt, @skysportsnews, @netcapgirl, @trungtphan, The Daily Beast, Deadline, HuffPost and Digital Trends, more at Techmeme »
Ashley Carman / Bloomberg:
Podcasts seem to be recovering: Audacy's podcast business is profitable, iHeartMedia's and Acast's Q1 podcast revenue grew 18% YoY and 25% YoY, respectively — The dark days of financial and legal woes appear to be ending as the industry sees signs of revival — Hello, hello, and welcome back to Soundbite.
Discussion:
@ashleyrcarman and The Podcast Host
Chris Roush / Talking Biz News:
Fortune names Jim Edwards as its global news director to create “24/7 coverage across Europe, US, and Asia”; Edwards was Business Insider UK's founding editor — Fortune has hired longtime business journalist Jim Edwards to be is global news director. — He will start on Monday.
Discussion:
@ajs
Charlotte Tobitt / Press Gazette:
In an interview, Metro executives say the free newspaper is now profitable in both print and digital, after it underwent a major restructuring in March 2023 — Metro is growing commercially even as free London rival Evening Standard forced to reduce print output.
Discussion:
Media Voices, Sofia Victoria Delgado on LinkedIn and Emily Shackleton on LinkedIn
Aidan McLaughlin / Mediaite:
Veteran cable news host Lou Dobbs, who made his name on CNN and then Fox Business, has died at 78; Trump announced his death on Truth Social — Lou Dobbs, the veteran broadcaster who made his name on CNN and then Fox Business as an icon of financial news, passed away at the age of 78 …
Discussion:
Adweek, Radio & Television …, CNN, Washington Post, @loudobbs, Radio Ink, Variety, ComingSoon.net, The US Sun, @mehdirhasan, Broadband TV News, @carolmswain, @carolmswain, @yashar, Los Angeles Times, Next TV, NPR, Newser, @markjacobnews@threads.net, Reuters, USA Today, CBS News, The Wrap, The Desk, New York Times, The Daily Beast, The Hollywood Reporter, TVLine, al.com, TMZ.com, HuffPost, The Independent, Washington Examiner, New York Post, Deadline, TVNewsCheck, Fox News, Talking Biz News and ABC13
Daryna Antoniuk / The Record:
Bangladesh orders a nationwide shutdown of its mobile internet amid student protests that killed dozens of people to “ensure the security of citizens” — Authorities in Bangladesh have reportedly ordered a nationwide shutdown of mobile internet networks amid student protests …
Washington Post:
Sue Mi Terry, wife of WaPo columnist Max Boot, has been charged with acting as an agent of South Korea; the indictment cites a WaPo column she wrote with Boot — Sue Mi Terry, a senior fellow for Korea studies at the Council on Foreign Relations, was charged with failing to register as a foreign agent.
Discussion:
Fox News, The Daily Beast, @chuckrossdc, @reporterhal, @koryodynasty, @dfriedman33, @chuckrossdc, @leznver, @dfriedman33, CNN, US District Court, Southern District of New York, freebeacon.com, New York Post, Mediaite, @kevinrothrock@infosec …, Fox News, New York Times, Hollywood Life, Breitbart and WWD
Jack Dunn / Variety:
Fox Entertainment announces a restructuring of its operations that includes layoffs for about 30 people — Fox Entertainment has unveiled a restructuring of its operations that includes layoffs for about 30 staffers. — “While there are many exciting aspects to realizing our path forward …
Discussion:
The Wrap, Deadline and The Hollywood Reporter
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