Check out Mini-Mediagazer for simple mobiles or Mediagazer Mobile for modern smartphones.
12:50 PM ET, August 7, 2024

Mediagazer

 Top News: 
RELATED:
Todd Spangler / Variety:
Disney reports Q3 revenue up 4% YoY to $23.2B, operating income up 19% YoY to $4.2B, DTC revenue up 15% YoY to $6.4B, and a $47M DTC profit as Disney+ grows  —  Company warns weak theme park demand could extend into the ‘next few quarters’ … That said, there were some mixed emotions …
Lillian Rizzo / CNBC:
Disney reports Q3 revenue up 4% YoY to $23.2B and its streaming business turned a profit, a first, with a $47M operating income, vs. a $512M loss in Q3 2023  —  WATCH NOW  —  Disney reported its fiscal third-quarter earnings Wednesday, topping analyst estimates as its combined streaming businesses turned …
Discussion: Ad Age, The Wrap and The Verge
Katie Robertson / New York Times:
The NYT reports adding 300K digital subscribers in Q2, for 10.8M in total, and digital ad revenue up 7.8% YoY to $79.6M; The Athletic losses fell to $2.4M  —  The publisher added about 300,000 digital subscribers in the latest quarter, and now has more than 10.8 million subscribers.
RELATED:
The New York Times Company:
The NYT reports Q2 revenue up 5.8% YoY to $625.1M, subscription revenue up 7.3% YoY to $439.3M, and operating profit up 13.6% YoY to $104.7M  —  NEW YORK, August 7, 2024 - The New York Times Company (NYSE: NYT) announced today second- quarter 2024 results.  Key Highlights
Discussion: Nieman Lab and @tvgrimreaper
RELATED:
Emmanuel Morgan / New York Times:
Netflix is filming three documentary projects at the Paris Olympics, focusing on running, gymnastics, and basketball, as the streamer grows into sports content  —  New seasons of documentaries about running, gymnastics and basketball are being filmed this summer as part of a partnership with the International Olympic Committee.
Charlotte Tobitt / Press Gazette:
GB News says it now has 10,000 paying members, after soft launching its membership scheme with £5, £10, or £20 per month tiers in November 2023  —  More than 10,000 people have signed up as paying members of GB News, according to the broadcaster.
Jesse Whittock / Deadline:
Sony Pictures reports Q1 revenue down 7% YoY to $2.2B and operating income down 36% YoY to $73M, despite strong movie debuts and streaming subscriber growth  —  Sony Pictures Entertainment posted first quarter operating income of $73M, down over 36% year-on-year on a U.S. dollar basis.
Juby Babu / Reuters:
IAC reports Q2 revenue down 15% YoY to $949.5M and profit up 24% YoY to $87.3M; Dotdash Meredith reports revenue up 3% YoY to $425.2M and ad revenue up 16% YoY  —  IAC (IAC.O) posted a 24% rise in its core profit in the second quarter, banking on advertising and licensing revenues of Dotdash Meredith, its biggest business.
Discussion: IAC and MediaPost
Ryan Browne / CNBC:
Sony says the company has no plans to submit a revised offer for Paramount Global as the deal “does not fit well with our strategy”  —  Sony's finance chief on Wednesday said the Japanese technology and media giant will not reconsider a fresh bid for film and TV production group Paramount Global.
Wall Street Journal:
Sources: the NBA's deal with Amazon has several provisions that WBD can't match, including promotion of the NBA during Amazon's NFL streaming telecasts  —  League's media deal with tech giant included provisions Warner couldn't match, setting stage for legal fight
RELATED:
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
 
 Archived Page Info: 
This is a snapshot of Mediagazer at 12:50 PM ET, August 7, 2024.

View the current page or another snapshot:


 
 See Also: 
Mediagazer: site main
Mediagazer River: reverse chronological Mediagazer
Mediagazer Mobile: for phones
Mediagazer Leaderboard: Mediagazer's top sources
 
 Subscribe: 
Mediagazer RSS feed
Mediagazer on X
Mediagazer on Mastodon
 
 
 More News: 
Winston Cho / The Hollywood Reporter:
Division in Hollywood's approach to AI is growing, as some studios want to use AI tools more often in production, while unions aim to establish guardrails
Discussion: TVNewsCheck
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
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
 Earlier Picks: 
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
Justine Fisher / CNBC:
Starting October 17, Disney will raise the cost of most plans for Disney+, Hulu, and ESPN+ by $1 to $2 more per month, as it pushes customers to bundles
Charlie Nash / Mediaite:
Jennifer Jacobs, the Bloomberg News reporter fired for allegedly breaking Russian prisoner swap story embargo, suggests she didn't decide to publish prematurely
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November
 
Sister Sites:

Techmeme
 Top news and commentary for technology's leaders, from all around the web
memeorandum
 What US political commentators are discussing online right now
WeSmirch
 The top celebrity news from all around the web on a single page