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9:00 AM ET, August 8, 2024

Mediagazer

 Top News: 
Michael M. Grynbaum / New York Times:
Oliver Darcy leaves CNN to launch Status, a newsletter akin to Puck, for $15/month or $150/year; CNN says the Reliable Sources newsletter is going on on hiatus  —  Oliver Darcy is starting a subscription-based news site dedicated to covering the media industry, joining a crowded field.
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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 …
Kayla Cobb / The Wrap:
Sony's anime streaming service Crunchyroll announces it has surpassed 15M monthly paid subscribers, up from 11M in July 2023  —  The news comes after Sony reported a 10% increase in operating profit during its first fiscal quarter of 2024  —  Crunchyroll, the Sony-backed streaming service dedicated …
RELATED:
Jennifer Maas / Variety:
Nexstar reports Q2 net revenue up 2.3% YoY to $1.3B, net income up 41.3% YoY to $106M, ad sales up 2.2% YoY to $522M, CW quarterly losses down $33M from Q2 2023  —  Nexstar reported its second-quarter 2024 earnings Thursday, revealing that the CW Network has narrowed its losses by $33 million.
Emma Roth / The Verge:
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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
Reuters:
AMET: Chadian police arrest Badour Oumar Ali, the editor-in-chief of major Chadian news website TchadInfos.com; he was taken away by “armed and hooded men”  —  Chadian police have arrested the editor-in-chief of a major Chadian news website, a group of online media outlets said late on Wednesday …
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.
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.
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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.
 
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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
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
 Earlier Picks: 
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
Discussion: One Man & His Blog
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