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10:10 AM ET, July 23, 2024

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 Top News: 
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  —  Forty-six BBC journalists earned above £178,000 last year from their work for the corporation, according to the BBC's annual report …
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 14%+  —  Spotify Technology SA, the Swedish audio-streaming giant, reported second-quarter subscriber growth …
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.
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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
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 …
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 …
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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
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.
 
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 Earlier Picks: 
Mark Kleinman / Sky News:
Source: former UK Chancellor Nadhim Zahawi approached billionaire backers like the Reuben family to prepare a £600M bid for The Daily Telegraph and Spectator
Daniel Thomas / Financial Times:
WPP-owned ad agency Ogilvy unveils Influence Shield, a new service that aims to help clients deal with reputational issues arising from social media influencers
Elahe Izadi / Washington Post:
A profile of John Paul Vranesevich, the owner and only full-time reporter for the Beaver Countian who beat the national media on a Donald Trump shooting scoop
Amanda Meade / The Guardian:
Australian Financial Review Editor-in-Chief Michael Stutchbury plans to step down after 13 years, as AFR owner Nine Entertainment cuts 200 jobs to save $30M