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4:30 AM ET, August 8, 2024

Mediagazer

 Top News: 
Emma Roth / The Verge:
RELATED:
Lillian Rizzo / CNBC:
Disney reports Disney+ Core subscribers up 1% YoY to 118.3M and its combined streaming business turned a profit, a first, but without ESPN+ reported a $19M loss
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
RELATED:
Jill Goldsmith / Deadline:
WBD reports Q2 revenue down 6% YoY to $9.7B, a $9.99B net loss, and takes a $9.1B impairment charge for networks; global streaming subs rose 3.6M to reach 103M  —  The value of the linear assets when Discovery and Warner Media merged two and half year ago was significantly higher …
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:
Tim Stevens / The Verge:
YouTube channels focusing on cars, like Car Throttle and Donut, have seen an exodus of popular on-camera talent, often after investors acquired their channels  —  From Car Throttle to Donut, countless YouTube creators are fleeing.  But is this a new trend or a tale as old as venture capital?
Financial Times:
Sources: Google and Meta ran a pilot program in the US in May 2024 to target Instagram ads to teenagers on YouTube, which prohibits targeting ads to under-18s  —  Campaign on YouTube to boost Instagram's appeal to young people skirted search group's rules for marketing to under-18s
Brian Stelter / Wired:
NBC's fragmented-yet-seamless coverage of the 2024 Paris Olympics, offering live events on Peacock plus primetime recaps, leads to strong viewership numbers  —  With a big assist from Peacock, the 2024 Summer Olympics broadcast is fragmented in all the right ways.
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.
Sarah Perez / TechCrunch:
Meta says Facebook creators who violate Community Standards for the first time will be given the option to take a training course to remove their warning  —  Facebook creators are being given a new option that will help them avoid jail — “Facebook jail,” that is — upon their first violation, and at various times after.
Jay Peters / The Verge:
Instagram is making views the primary metric across all of its formats, letting creators track the same metric across Reels, Stories, photos, and more  —  Instagram is making “views” the primary metric across all of its formats, meaning that creators will be able to track the same metric across Reels, Stories, photos, and more.
 
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 More News: 
Etan Vlessing / The Hollywood Reporter:
Roku plans to launch a free, ad-supported 24/7 sports channel on August 12, with live Sunday MLB games, Originals, and more on its devices, apps, and website
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
 Earlier Picks: 
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
Discussion: AdExchanger, IAC and MediaPost
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
Lauren Forristal / TechCrunch:
Reddit says it plans to test AI-powered search result pages later in 2024, using a combination of first-party and third-party tech to power the feature