Top News:
Benjamin Mullin / New York Times:
Red Ventures sells CNET, an early pioneer of online tech coverage, to Ziff Davis, which owns Mashable, PC Mag, Lifehacker, and others, a source says for $100M+ — Ziff Davis is acquiring CNET for more than $100 million. Its chief executive thinks more acquisitions are on the horizon.
Discussion:
Deadline, MediaPost, Lauren Newman on LinkedIn, Lindsey Turrentine on LinkedIn, Connie Guglielmo on LinkedIn, @jeffjarvis, @saschasegan, @photomatt, @dctrjack, Adweek, @film_girl, @rhunwords, Roger Cheng on LinkedIn, @ldignan, @benmullin, @felixsalmon, Axios, @rafat, @seangriffey, @rafat, @tsuvik, The Wrap, @sjvn@mastodon.social, @tvgrimreaper, @rogerwcheng, @bombur, @danackerman, Variety, The Verge and TVNewsCheck, more at Techmeme »
Next TV:
Future plans to end Broadcasting & Cable, Multichannel News, and NextTV in print and as newsletters, replacing them with one newsletter and revamping NextTV.com — By B+C Staff( Broadcasting & Cable ) published — Charlie Weiss will take on chairman role for B+C Hall of Fame, with Bill McGorry moving into chairman emeritus role
Discussion:
Variety, Los Angeles Times, The Wrap, The Desk, @michaelsocolow, @jbflint, The Hollywood Reporter and Talking Biz News
Katie Robertson / New York Times:
Internal memo: Axios CEO Jim VandeHei says the company is laying off about 50 employees, or ~10% of the company, due to “changes in the media business” — Jim VandeHei, the company's chief executive, said in an email that the cuts were necessary to adapt to “changes in the media business.”
Discussion:
New York Post, Fox Business, The Wrap, Nieman Lab, @katie_robertson, @samueljrob, Deadline, @selenesanfelice, @loopemma, Erin Hulliberger on LinkedIn, @daniellealberti, @ethangach, @ethanscorey, @billygribbin, @chrisjollyhale, @benkesslen, @aulia@threads.net, @justinbaragona, @chaykak, @redsteeze, @keitholbermann, @sophiacai99, @brandyljensen, @chriscillizza, @tblysik, @mikebrice, @sarafischer, @katie_robertson, @jdawsey1, TVNewsCheck, @sopandeb and Barrett Media
Sara Fischer / Axios:
X sues the World Federation of Advertisers, GARM, and GARM members CVS Health, Mars, Orsted, and Unilever over what Linda Yaccarino calls an “illegal boycott” — Members include major tech companies, advertisers, agencies, ad tech firms and advertising coalitions.
Discussion:
@lindayax, @elonmusk, PRWeek, Fast Company, The Media Leader, The Verge, CNN, Reuters, MediaPost, The Wrap, Wall Street Journal, Variety, New Republic, Rumble, @mac_ryan_@threads.net, @kateaconger@threads.net, @dankennedy_nu@threads.net, @theliamnissan, Ars Technica, @rstephens@threads.net, @baekdal, The Drum, TVNewsCheck, Associated Press, Associated Press, Deadline, Wired, Quartz, Engadget, Ad Age, Financial Times, Bloomberg, New York Times, The Information, @jesse_brenneman, @bobbyallyn, @stopfundinghate, Greg Glenday on LinkedIn, Ruben Schreurs on LinkedIn, Futurism, @elizspiers@threads.net, @katieeyton, @sarafischer, @bobbyallyn, @lindayax, TechCrunch, Fox Business, Barrett Media and Digiday, more at Techmeme »
Joe Lucia / Awful Announcing:
Fubo's CEO blasts Venu, the Disney/Fox/WBD sports JV, saying it gives them control of 80% of the premium market and curbs competition, as he seeks an injunction — The new Fubo logo. — Fubo's earnings call was on Tuesday. Unsurprisingly, CEO David Gandler used part of his opening remarks …
Discussion:
IndieWire, The Streamable, Bloomberg Law, Next TV, Deadline, Bloomberg, Sportico and Cord Cutters News
RELATED:
Etan Vlessing / The Hollywood Reporter:
FuboTV reports Q2 North America revenue up 26% YoY to $383M vs. $368M est., North America paid subscribers up 24% to 1.45M, rest of world revenue up 2% to $8.3M
Discussion:
Fubo, The Desk, The Streamable, Media Play News, Cord Cutters News, Advanced Television, @fubotv_pr and Next TV
Jonathan Vanian / CNBC:
Reddit Q2: revenue rose 54% YoY to $281.2M, vs. $254M est., Daily Active Uniques increased 51% YoY to 91.2M, and net loss dropped from $41.1M to $10.1M YoY — Reddit reported second-quarter results on Tuesday that topped analysts' estimates. — Here are the key numbers:
Discussion:
Bloomberg and Reddit Upvoted, more at Techmeme »
Lauren Feiner / The Verge:
A US federal judge rules Google has a monopoly in “general search text advertising” and Google's exclusive agreements enabled it to raise prices on that product — A federal judge ruled that Google violated US antitrust law by maintaining a monopoly in the search and advertising markets.
Discussion:
US District Court for the District of Columbia, Slate, CNN, The Atlantic, MarTech, CNN, The Guardian, Quartz, New York Times, Politico, Bloomberg, Android Central, Engadget, @statesdj@genomic.social, Shelly Palmer, Stewart Jeffries on LinkedIn, Lou Paskalis on LinkedIn, Beyond Search, One Man & His Blog, @kubikpixel@chaos.social, The Media Leader, TechRadar, MediaPost, BIG by Matt Stoller, Sportico, 9to5Mac, Boing Boing, AV Club, @jason_kint, @digitalsamiam, @marie_haynes, @jason_kint, @JamesGleick@zirk.us, Financial Times, AdExchanger, Jill Caren on LinkedIn, PhoneArena, Ars Technica, The Information, UPI, @jeff@newsie.social, ScheerPost.com, W Media Research, MediaPost, Reuters, @SomeGadgetGuy@techhub.social, Deadline, Variety, The Hollywood Reporter, @parismarx@mastodon.online, 9to5Google, BGR, CNBC, @theory@xoxo.zone, TVNewsCheck, The Wrap, @webology@mastodon.social, WTOL-TV, Ad Age, @kottke@mastodon.social, New York Post, The Drum, Fox Business, @Nonya_Bidniss@mas.to, TechCrunch, Los Angeles Times, Washington Post and News/Media Alliance, more at Techmeme »
Lauren Forristal / TechCrunch:
Amazon Music debuts Maestro, an AI-powered playlist generator, and Topics, which helps users find podcast episodes by topic and is powered by both AI and humans — Amazon Music announced Tuesday the launch of its new AI-powered feature, “Topics,” which allows users to explore podcast episodes …
Discussion:
About Amazon and The Verge, more at Techmeme »
Jake Offenhartz / Associated Press:
The NYPD arrests independent videographer Sam Seligson on felony hate crime charges after he documented a pro-Palestinian protest in June — A New York City journalist was arrested on felony hate crime charges Tuesday after filming a pro-Palestinian protest earlier this summer …
Catherine Perloff / Adweek:
Some ad buyers say Netflix is now charging CPMs between $20 and $30, after originally seeking $65 in 2022 and a reported $39 to $45 in 2023 — The streaming platform initially came to the market with $65 CPMs in 2022 — Netflix is further lowering the prices of its ads …
Discussion:
Catherine Perloff on LinkedIn, @catherineperlo1, TVNewsCheck and The Sun
Sara Fischer / Axios:
ProRata, which aims to attribute and share AI chatbot subscription revenue with content owners, raised a $25M Series A and inks deals with major media companies — A handful of major news and music companies have agreed to license their content to ProRata.ai, a generative AI startup that claims …
Brian Steinberg / Variety:
Charles Barkley, a mainstay of TNT's Inside the NBA, reverses plans to retire and says he will keep working with WBD, which is fighting to keep NBA media rights — Charles Barkley says he isn't getting out of Warner Bros. Discovery's sports game. — The roundball great …
Discussion:
Wall Street Journal, Awful Announcing, New York Times, CNN, Sportico, Awful Announcing, TVLine, The Wrap, CNBC, Pressroom, Brian Steinberg on LinkedIn, Los Angeles Times, USA Today, Associated Press, Deadline, New York Post, New York Daily News, Sports Media Watch, Front Office Sports, Barrett Media and The Hollywood Reporter
Kathryn Lundstrom / Adweek:
Uber says its Advertising annual revenue run-rate passed $1B in Q2, up from $650M+ in Q2 2023; Uber began selling in-app Journey Ads programmatically in June — The company broke out its ad revenue in quarterly earnings today and based the estimate on 2024 results to date
Output Producer, CA — 
China Markets Correspondent, Shanghai — 
Senior Assignment Editor, DC — 
Breaking News Editor, Tokyo — 
Senior Correspondent - Wealth, NY — 
Reporter - Ottawa Bureau — 
Local Government Reporter, IA — 
Research Director, CA — 
Immigration Enforcement Reporter — 
Presque Island Reporter, ME — 
Contributing Parks Ed. - SW, CA — 
AI Content Editor, WA — 
Legislative Reporter, TN — 
Editorial Assistant, Remote US — 
Elon Musk Reporter, NY or CA — 
Government & Politics Editor, WA — 
Business & GA Reporter. VT — 
Sports Reporter, WA — 
Energy Reporter, TX — 
Senior Reporter, SC — 
Trade & Climate Correspondent, DC — 
Reporter, WI — 
Political Newsletter Writer, CO — 
Jackson Reporter, MS — 
Music Editor, AZ — 
Breaking News Reporter, NV — 
Fearless Reporter/Producer, IA — 
Reporter II - Technology, Remote — 
Editor, Remote US — 
City Reporter, WA — 
Executive Editor, OR — 
Education & Budget Reporter, CA — 
Senior Writer/Editor, FL — 
Media Editor, Remote — 
