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12:50 PM ET, July 31, 2025

Mediagazer

 Top News: 
Sara Fischer / Axios:
Dotdash Meredith rebrands to People to capitalize on the brand equity of its most popular and recognizable title  —  Dotdash Meredith, one of the largest publishers in America, is rebranding to People, its CEO Neil Vogel told Axios. … The rebrand capitalizes on that brand equity in a way that its current name does not.
Lillian Rizzo / CNBC:
NBCU reports Q2 revenue up 2% YoY to $6.44B; Peacock had 41M subscribers, a $101M loss, down from $348M in Q2 2024, and revenue grew 18% YoY to $1.2B  —  Comcast beat Wall Street estimates on Thursday for second-quarter earnings and revenue.  Yet the company saw a loss of broadband customers …
RELATED:
Ted Johnson / Deadline:
Brendan Carr opens an FCC inquiry into NBCU over its relationship with its local affiliates, citing reports of attempts to “extract onerous ... concessions”  —  Brendan Carr informed Comcast CEO Brian Roberts of the inquiry in a letter sent on Tuesday.
@erikwemple:
Media critic Erik Wemple says he has taken The Washington Post's buyout offer and will start covering media for The New York Times in September  —  After 14 very, very happy years writing opinions on media at the Washington Post, I am taking the newspaper's buyout offer. In September, I will begin work at the New York Times covering media from Washington for the paper's Business section.
RELATED:
Tom Jones / Poynter:
Washington Post sports columnist Sally Jenkins accepts a buyout and will be joining The Atlantic as a staff writer
Andrew Marchand / New York Times:
Sources: ESPN cuts ties with Shannon Sharpe after he settled a lawsuit accusing him of rape; Sharpe had said he'd return to ESPN at the start of NFL preseason  —  ESPN has cut ties with NFL Hall of Famer and media analyst Shannon Sharpe less than two weeks after he settled a lawsuit …
Pamela McClintock / The Hollywood Reporter:
Warner Bros. Motion Picture Group is undergoing 10% cuts across multiple divisions to transition “toward a fully global structure”  —  Studio heads Michael De Luca and Pamela Abdy announced the shift in direction in a memo to staff. … The layoffs will reduce the staff by about 10 percent.
Mia Sato / The Verge:
Ziff Davis is laying off 15% of its unionized workforce, or 23 people, 19 of which work for CNET; Ziff Davis has bought five companies in 2025  —  Its parent company, Ziff Davis, is laying off 15 percent of the unionized workforce and spanning across several sites.
Joe Flint / Wall Street Journal:
Fox acquires one-third of Penske Entertainment, owner of the IndyCar Series, sources say for between $125M and $135M; Fox started carrying IndyCar in 2025  —  Deal is latest alliance between a media company and a sports group  —  Fox Corp. has acquired one-third of Penske Entertainment …
Financial Times:
Source: David Ellison plans to “bring back a performance-based culture” to CBS, “Not quotas. Not ideology. Just objective journalism”  —  What began as a Hollywood studio merger has become a test of how far corporate America will bend to president's will
Joshua Benton / Nieman Lab:
A June ranking of the top nonprofit US news sites by traffic shows The Conversation leading by far, followed by the Salt Lake Tribune and ProPublica  —  In markets large and small, these nonprofit news organizations are achieving traffic numbers that many commercial outlets would envy.
Kathryn Squyres / Current:
A US Senator secured $9.4M for 35 Native American radio stations and one TV station but the loss of CPB's systemwide support will make operating costs go up  —  Kathryn Squyres / Current … " id="street-iframe-sc17g28bvb40000000000 " style="max-width: 100%;">
Discussion: New York Focus
 
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 More News: 
Charlotte Tobitt / Press Gazette:
LADbible launches Betches, the US women's media brand it acquired in 2023, in the UK aiming to fill a “gap in the market” for Gen Z and millennial women
Jonathan Vanian / CNBC:
Meta reports Q2 revenue up 22% YoY to $47.5B, vs. $44.8B est., net income up 36% to $18.3B, family DAP up 6% to 3.48B for June 2025; META jumps 10%+ after hours
 Earlier Picks: 
Lucia Moses / Business Insider:
Amazon-backed AI streaming service Showrunner debuts on Thursday, charging users $10 to $40 per month to create their own animated shows or build on others' IP
Alice Brooker / Press Gazette:
Study by SEO platform Authoritas: when Google AI Overviews is present, publishers witness a drop of 47.5% in clickthrough rate on desktop, and 37.7% on mobile
 

 
From Techmeme:

Kurt Wagner / Bloomberg:
Sources: Meta is considering deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January

Kif Leswing / CNBC:
Apple says general counsel Kate Adams and policy chief Lisa Jackson will retire, and Jennifer Newstead, Meta's former chief legal officer, will replace Adams

Will Oremus / Washington Post:
Two studies suggest AI chatbots can shift political views more effectively than TV campaign ads, especially by presenting many claims, regardless of accuracy
 
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