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3:20 PM ET, August 13, 2024

Mediagazer

 Top News: 
David Bauder / Associated Press:
Politico, the NYT, the WaPo, and others refusing to give details about leaked Trump campaign materials stands in marked contrast to Clinton's emails in 2016  —  At least three news outlets were leaked confidential material from inside the Donald Trump campaign, including its report vetting JD Vance as a vice presidential candidate.
RELATED:
The Guardian:
The NYT, WaPo, Politico, and others say they received documents stolen from Trump's campaign; Microsoft says Iranian hackers targeted a presidential campaign
Reuters:
Tencent Music reports Q2 revenue down 1.7% YoY to ~$999M vs. ~$996M est., paying users up 17.7% to 117M, social entertainment revenue down 42.8%; TME drops 15%+  —  Tencent Music Entertainment (1698.HK) reported a smaller than expected fall in quarterly revenue on Tuesday …
Rick Porter / The Hollywood Reporter:
Memos: Paramount shuts down Paramount TV Studios and begins layoffs of 15% of its US staff, which will happen in three phases, as it seeks to save $500M  —  Projects at the Nicole Clemens-led unit will move under the CBS Studios umbrella.  —  Paramount Global is shutting down its namesake TV studio …
New York Times:
NYT Opinion Editor Kathleen Kingsbury says the editorial board will no longer make endorsements in New York elections, including in governor and NYC mayor races  —  The paper's editorial board will continue to endorse presidential candidates, as it has for more than 160 years.
Ivan Mehta / TechCrunch:
SoundCloud launches SoundCloud Store, which helps artists sell merch by creating mockups, producing goods, and listing them, in the US, Canada, and Europe  —  Music streaming service SoundCloud has launched a merch marketplace called SoundCloud Store.  The store will sell SoundCloud-themed items …
Sara Fischer / Axios:
The Democratic National Convention will be streamed in TikTok, Instagram, and YouTube in a bid to attract young viewers, and on Twitch, X, and Prime Video  —  - Roughly one-third of Americans ages 18 to 29 say they get news regularly on TikTok, which only streams vertical video, per Pew Research Center.
John Reed / Financial Times:
India pulls a draft broadcasting services bill after a backlash from content creators over its potential chilling effect on free speech and compliance burden  —  Narendra Modi government's climbdown points to weakened parliamentary mandate, analysts say  —  Narendra Modi's government …
Sara Fischer / Axios:
Substack says news and politics journalists making $1M+ hit “double digits”; the success of The Ankler and others also shows Substack is a newsroom incubator  —  - News industry cuts totaled 2,569 between January and July, up 10% from the same time last year, per Challenger, Gray & Christmas.
Discussion: @lainnafader and New York Times
Aisha Malik / TechCrunch:
Twitch rolls out video stories, which can be up to 60 seconds long and set to expire after one, 12, 24, or 48 hours, to challenge Instagram and TikTok  —  After launching photo and text stories last year, Twitch is now introducing video stories.  Streamers can now film 60-second videos …
Discussion: Twitch
 
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 More News: 
The Guardian:
Bangladeshi journalists say they are cautiously optimistic that Sheikh Hasina's resignation as prime minister will bring an era of censorship and fear to an end
Discussion: Foreign Policy, NPR and Semafor
Jim Waterson / The Guardian:
A look at the UK's Psychic News, the “journal of British spiritualism” that exposes “fake mediums” and faces a crisis after a charity withdrew its funding
Rick Porter / The Hollywood Reporter:
NBCUniversal says the 2024 Paris Olympics averaged 30.6M viewers across all platforms for its US daytime and nightly prime telecasts combined, up 82% from Tokyo
Alicia Clanton / Bloomberg:
Accountable Tech: the average weekly reach per post of five prominent political Instagram accounts fell 65% after Meta began to downrank political content
Caitlin Huston / The Hollywood Reporter:
BuzzFeed reports Q2 revenue down 24% YoY to $46.9M, net loss down 71% YoY to $6.5M, ad revenue down 19% YoY to $23.8M, programmatic ad revenue up 3% YoY
Discussion: The Information and BuzzFeed
 Earlier Picks: 
Sarah Perez / TechCrunch:
After Apple's threats, Patreon memberships via its iOS app will be subject to Apple's 30% fee from November 2024; creators must switch to subscription billing
 

 
From Techmeme:

Ben Lovejoy / 9to5Mac:
Kuo: Apple's M5 chip to use TSMC's advanced N3P node; M5 Pro, Max, and Ultra will use a new server-grade SoIC packaging featuring separate CPU and GPU designs

Financial Times:
Sources: Meta plans to add displays to its Ray-Ban glasses as soon as H2 2025 to show notifications or AI responses, and has accelerated Orion's development

Ethan Mollick / One Useful Thing:
Google and OpenAI's AI product announcements over the past month have transformed the state of AI and show the breadth and pace of change
 
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