Mediagazer: 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 (The New York Times Company)

6:10 PM ET, August 7, 2024

Top News:

Emma Roth / The Verge:

Disney CEO Bob Iger says the company's password sharing crackdown will kick off “in earnest” in September, after announcing paid sharing in February 2024 — Disney Plus will soon no longer let you share your password with people outside your household.

Discussion: Business Insider, Wired, PhoneArena, 9to5Mac, TechRadar, @2xaught7.bsky.social, Deadline, Digital Trends, @billbrasky2620, BGR and TVNewsCheck, more at Techmeme »

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 …

Discussion: The Hollywood Reporter, Business Wire, Digital Music News, Business Insider, @brendanschema, Deadline, Reuters, TVNewsCheck, Media Play News, @scottgustin, @sherman4949, @sherman4949, Quartz, IndieWire and @pkafka, more at Techmeme »

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

Discussion: Awful Announcing, Screen Rant, AdExchanger, Front Office Sports, Adweek, Yahoo Finance, UPI, NBC Bay Area, The Wrap and The Verge

Todd Spangler / Variety:
Disney says the “outcome of the Hulu deal arbitration is uncertain” and it might have to pay up to $5B more to complete the buyout of NBCUniversal's 33% stake

Discussion: Reuters, @tvgrimreaper, Chris Heatherly on LinkedIn, Deadline, The Wrap, The Information and Next TV

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.

Discussion: @simondowens@threads.net, @katie_robertson, Bloomberg, @pkafka, The Wrap, @nkulw, Claudio E. Cabrera on LinkedIn and Shannon Busta Riches on LinkedIn

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

Jill Goldsmith / Deadline:

WBD reports Q2 revenue of $9.7B, and a net loss of $9.986B, taking an impairment charge of $9.1B 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 …

Discussion: Business Insider, The Desk, Variety, The Wrap, IndieWire, The Streamable, CNBC, Variety, The Information, Game Developer, Los Angeles Times, The Hollywood Reporter, TVNewsCheck, Warner Bros. Discoverey and Financial Times

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.

Discussion: New York Times, Mercury News, Awful Announcing, Abby Marks on LinkedIn, Jason Weitzel on LinkedIn, Derin Basden on LinkedIn and The Hollywood Reporter

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.

Discussion: Screen Rant

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.

Discussion: Tubefilter, more at Techmeme »

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.

Discussion: Facebook for Creators, The Information, Engadget and @michaelbishop.me, more at Techmeme »

Natasha Lomas / TechCrunch:

Ofcom publishes an open letter to social media platforms raising concerns about the use of their tools to incite violence, following days of rioting in the UK — The U.K.'s internet regulator, Ofcom, has published an open letter to social media platforms raising concerns about the use of their tools to incite violence.

Discussion: Financial Times, The Sun, ofcom.org.uk, New York Times, Bloomberg, Wired, Reuters and Bloomberg, more at Techmeme »

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 — The free, ad-supported 24/7 service will stream Major League Baseball games, the ‘The Rich Eisen Show’ talker …

Discussion: Radio & Television …, The Desk, The Streamable, BGR, The Wrap, Cord Cutters News, The Verge, Awful Announcing, Digital Trends, TVNewsCheck, Advanced Television, Engadget, Media Play News and Next TV, more at Techmeme »

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.

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

Discussion: TVNewsCheck, Sports Media Watch and USA Today

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 6:10 PM ET, August 7, 2024.

View the current page or another snapshot:

Who's Hiring in Media?

Energy & Commodities Editor, Tokyo — Bloomberg

Politics Reporter, TX — Texas Tribune

Consumer Brands Reporter, GA — AJC

Deputy Editor - Health Care, VA — Politico

Product Editor, CA — CalMatters

Indigenous Affairs Editor, Sydney — Guardian US

China Markets Correspondent, Shanghai — Reuters

Bangor Reporter, ME — Bangor Daily News

Commerce Editor - Health, Remote US — Yahoo

Sports Editor, MI — Detroit News

Managing Editor, Remote US — Velo

Lex Writer, London — FT

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:

Alex Weprin / The Hollywood Reporter:
CNN launches CNN Originals, a FAST channel dedicated to its original programming, initially on Amazon Freevee, Prime Video, Fire TV services, and Plex

Discussion: TVLine, CNN, Mike Neeves on LinkedIn, The Wrap, John N. Marchesini on LinkedIn and Advanced Television

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”

Discussion: New York Post, Variety, The Wrap and The Hollywood Reporter

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: IAC and MediaPost

Earlier Picks:

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

Discussion: The Verge, Ars Technica, 9to5Mac, PhoneArena, @karissabe@threads.net, Engadget and CNBC

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

Discussion: Advanced Television, AdExchanger, @catherineperlo1, Gabriela Domanico on LinkedIn, Catherine Perloff on LinkedIn, TVNewsCheck, The Sun and Digiday

From Techmeme:

Reuters:
Sources: Apple chartered cargo flights to ferry 600 tons of iPhones, or up to 1.5M units, to the US from India; a source says Apple “wanted to beat the tariff”

Wayne Ma / The Information:
A look at the internal chaos behind Apple's Siri failure, in part due to poor leadership, with John Giannandrea's AI/ML group dubbed “AIMLess” internally

Emanuel Maiberg / 404 Media:
Meta says LLMs have historically leaned left and wants to remove that bias with Llama 4 to “understand and articulate both sides of a contentious issue”

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