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4:15 AM ET, July 24, 2024

Mediagazer

 Top News: 
Chris Welch / The Verge:
Daniel Ek says Spotify is working on a deluxe Spotify tier, costing around $17 to $18, that has “a lot more control, a lot higher quality across the board”  —  The saga of Spotify HiFi has many twists and turns.  First announced over three years ago, the music service's higher …
RELATED:
Ashley Carman / Bloomberg:
Spotify reports Q2 revenue up 20% YoY to €3.8B, MAUs up 14% YoY to 626M, subscribers up 12% YoY to 246M, above est., and €266M operating income; SPOT jumps 12%+  —  Spotify Technology SA shares surged to their highest in more than three years on Tuesday after the Swedish audio …
Alex Weprin / The Hollywood Reporter:
Robbie Whelan / Wall Street Journal:
Former Marvel chairman Ike Perlmutter, who backed Nelson Peltz in a failed proxy fight for two Disney board seats, sells his stake of nearly 26M Disney shares  —  Isaac “Ike” Perlmutter, the former Marvel Entertainment executive, who for the last decade and a half has been one of Disney's …
The Information:
Internal messages: Meta staff complained about Threads' algorithm limiting political posts, after the For You page was slow to show news of Biden dropping out  —  Shortly after Joe Biden dropped out of the presidential election Sunday, an employee at Meta Platforms posted in the company's internal forum …
Georg Szalai / The Hollywood Reporter:
Comcast reports Peacock Q2 revenue up 28% YoY to $1B, and a $348M loss, down from $651M in Q2 2023; paying subs were up 38% YoY to 33M but down from 33.5M in Q1  —  Comcast and its entertainment unit NBCUniversal report second-quarter results, including the “best year-over-year improvement” …
RELATED:
Judd Legum / Popular Information:
A look at Sinclair's Rapid Response Team, which produces biased short articles; affiliates must include at least three RRT stories nightly  —  Eugene Ramirez, the lead anchor of Sinclair's national evening news broadcast, resigned in January over concerns about the accuracy and right-wing bias …
Natasha Lomas / TechCrunch:
Though the UK's ICO says it's “disappointed” with Google's not deprecating third-party cookies, the regulator has only weakly enforced data protection laws  —  In a material development that will likely have a big impact on online business models, Google is no longer proposing …
RELATED:
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
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 …
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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
Reuters:
The US calls on Russia to free Russian-American RFE/RL journalist Alsu Kurmasheva, who was jailed last week in what RFE/RL said was “a mockery of justice”  —  The U.S. Embassy in Moscow on Tuesday called on Russia to free Alsu Kurmasheva, a Russian-American journalist …
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: ABC News, Adweek, Deadline, The Hill and Mediaite
Bron Maher / Press Gazette:
A look at The Guardian's recipes app, Feast, which costs £2.99/mo. and has reached 100K+ downloads since April, and how the outlet's bundling differs from NYT's  —  The Guardian says its new recipes app Feast has achieved more than 100,000 downloads since it soft-launched in April.
 
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 More News: 
Todd Spangler / Variety:
Amazon begins rolling out a new UI for Prime Video to help distinguish content included with Prime, update its navigation bar, manage subscriptions, and more
 Earlier Picks: 
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