Top News:
Digiday:
Google says it won't be “deprecating third-party cookies” in Chrome and will instead keep working on “privacy-preserving alternatives” via Privacy Sandbox APIs — After much back and forth, Google has decided to keep third-party cookies in its Chrome browser.
Discussion:
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Max Goldbart / Deadline:
BBC plans to lay off 500 more staff by March 2026 and reports a £263M operating deficit in 2023/24, up from £193M in 2022/23, projected to be £492M in 2024/25 — The BBC will lay off 500 more staff by March 2026 as its annual report paints a worrying financial picture including …
Discussion:
The Hollywood Reporter, TVNewsCheck and BBC
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Charlotte Tobitt / Press Gazette:
Huw Edwards tops the list of BBC's highest paid journalists for 2023/24 despite being off-air since July 2023; 46 BBC journalists earned above £178K — Number of BBC journalists earning more than £178,000 increases from 43 people to 46. — Forty-six BBC journalists earned …
Georg Szalai / The Hollywood Reporter:
Comcast reports Peacock Q2 revenue up 28% YoY to $1B, a $348M loss, down from $651M in Q2 2023, and paying subscribers up 38% YoY to 33M — Comcast and its entertainment unit NBCUniversal report second-quarter results, including the “best year-over-year improvement” in quarterly streaming losses since launch in 2020.
Discussion:
IndieWire, The Wrap, Variety, Deadline, Bloomberg, Barron's Online, CNBC, MarketWatch and Comcast Corporation
Alex Weprin / The Hollywood Reporter:
WBD says it intends to match one of the offers for NBA rights; a source says it is targeting the package from Amazon, which is for about $1.8B per year — TNT has held NBA rights for 35 years. What happens next will determine if the network keeps them.
Discussion:
@tntsportsus, Variety, New York Times, CNBC, Sports Business Journal, MediaPost, The Wrap, @mattbelloni, The Streamable, Media Play News, Cord Cutters News, CNN, Awful Announcing, Adweek, Sportico, @benjstrauss, @sherman4949, @sherman4949, @mgsiegler, @alexweprin, The Hill, Los Angeles Times, USA Today, Front Office Sports, The Information, @ourand_puck, Sports Media Watch and Next TV
Dylan Donnelly / Sky News:
A Russian court sentences Russian-American RFE/RL journalist Alsu Kurmasheva to six and a half years in prison for spreading “false info” about the Russian army — Alsu Kurmasheva, an editor at Radio Free Europe/Radio Liberty, was convicted for six and a half years in a secret trial, a court spokesperson said.
Discussion:
Associated Press, Radio Free Europe/Radio …, TVNewsCheck, CNN, New York Times, @freedomofpress, @pressgazette, @bentavener, @samberkhead, @hadas_gold, @bbcstever, @janlipavsky, @reidstan, @rebecca_vincent, @samagreene, BBC, Semafor, European Federation …, The Guardian, Voice of America, Reuters, CNN, CBS News, Committee to Protect … and USAGM
Georg Szalai / The Hollywood Reporter:
TelevisaUnivision reports Q2 revenue up 3% YoY to $1.3B, ad revenue up 6% YoY to $785M, and operating expenses up 6% YoY to $896M — The Spanish-language media giant, led by CEO Wade Davis, reports its second-quarter financials. … The company also reemphasized that its streaming business …
Discussion:
Variety, Next TV, TelevisaUnivision and TVNewsCheck
Ashley Carman / Bloomberg:
Spotify reports Q2 revenue up 20% YoY to €3.8B, MAUs up 14% YoY to 626M, paid subscribers up 12% YoY to 246M, above 245.2M est., and a €266M operating income — Spotify Technology SA, the Swedish audio-streaming giant, reported second-quarter subscriber growth that exceeded analysts' projections …
Discussion:
Fast Company, Billboard, The Wrap, Variety, Reuters, Spotify, Quartz, Music Ally, The Hollywood Reporter, Deadline, Music Business Worldwide, @eldsjal and Consequence, more at Techmeme »
Mike Scarcella / Reuters:
A US judge rules that Nina Jankowicz, a former Biden anti-disinformation official, could not back up her defamation claims against Fox News and parent Fox Corp — Fox News Media and its parent Fox Corp (FOXA.O) won a ruling on Monday dismissing a lawsuit by a former Biden administration official …
Discussion:
The Hill, Mediaite, NPR and Los Angeles Times
Bloomberg:
A look at Comcast's bet on the Paris Olympics, which executives hope will greatly elevate Peacock against Netflix and Disney+; Peacock has exclusive US rights — - US viewers will be able to see every Olympic event on Peacock — Coverage of Games will promote Peacock original programming
Discussion:
Reuters, Slate, @lucas_shaw, E! Online, IndieWire, Rolling Stone and The Streamable
Bloomberg:
Sources: AMC Entertainment reached an agreement with creditors that includes restructuring its debt and moving US theaters into a different unit of the company — The asset shift would move the theaters' value out of the reach of some creditors and allow the company to exchange existing debt …
Discussion:
@lucas_shaw, Variety, The Hollywood Reporter and Deadline
Mark Sweney / The Guardian:
Vivendi plans to list its French TV business Canal+ in London and advertising company Havas in Amsterdam, as part of a drive to break up the media conglomerate — Media group controlled by Vincent Bolloré to break up, with advertising company Havas to list in Amsterdam
Discussion:
Reuters, Financial Times, The Media Leader, Broadband TV News, Advanced Television and Bloomberg
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