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10:15 AM ET, August 2, 2025

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 Top News: 
CPB:
The Corporation for Public Broadcasting announces that it is shutting down following the loss of federal funding  —  The Corporation for Public Broadcasting (CPB) announced today that it will begin an orderly wind-down of its operations following the passage of a federal rescissions package …
Discussion: CBS News, USA Today, New York Times, NPR, Fox News, Ars Technica, @philipaklein, @whstancil, Washington Times, Digital Music News, Le·gal In·sur·rec·tion, Must Read Alaska, Plain Dealer, WKYC-TV, Curb Cuts, @wexler, The Washington Free Beacon, The A.V. Club, Variety, Gizmodo, The Guardian, Breitbart, @mikeisaac, Pittsburgh Business Journal, The Mahablog, Deseret News, New York Sun, ZeroHedge News, Fast Company, Straight Arrow News, NC Newsline, @lanceulanoff@threads.com, Roll Call, Hollywood Life, @edeggans.bsky.social, Newser, NPR, Adweek, Free Press Action Fund Feed, Raw Story, MLive.com, RedState, HotAir, twitchy.com, Poynter, Associated Press, BroadwayWorld, Billboard, The Daily Signal, The National Pulse, Animation Magazine, KIII-TV, Daily Caller News Foundation, Bleeding Cool News, Wall Street Journal, @schmittwitt.bsky.social, The Post Millennial, KTFT, Reuters, CNN, NBC News, Townhall, Consequence, TV Tech, Barrett Media, Radio & Television …, Blaze Media, TheDesk.net, Cord Cutters News, Mediaite, @scottnover.bsky.social, Inside Radio, Washington Post, Washington Examiner, Honolulu Star-Advertiser, @sorayanadiamcdonald.com, Axios, Variety, Bloomberg, The Wrap, @airbagmoments.bsky.social, Deadline, @dianabutlerbass.bsky.social, @robxlii.bsky.social, @nicdawes.bsky.social, @smi.bsky.social, New York Daily News, Advocate, Scripps News, Newsweek, The Hill, New Republic, The Independent, The Gateway Pundit, The Follow, Anthropology …, Cleolinda everywhere, WisPolitics, Al Jazeera and r/radio
Todd Spangler / Variety:
Trump Media reports Q2 net sales up 5.5% YoY to $883.3K, a net loss of $20M, vs. a $16.4M net loss in Q2 2024, and $3.1B in cash and investments, up ~800% YoY  —  The company raised nearly $2.4 billion for its Bitcoin treasury strategy in the three-month period
Rick Edmonds / Poynter:
A look back at Craigslist's rise and newspapers' failure to respond to the digital shift; Craig Newmark says he's been unfairly blamed for newspapers' decline  —  Craig Newmark's simple site was hailed as a disruptor and blamed for the collapse of classifieds.  But journalism's business failures ran deeper.
Matthew Keys / TheDesk.net:
Block Communications enters into an agreement to sell its entire portfolio of TV stations to Gray Media for $80M; the deal is expected to close in Q4 2025  —  Block Communications has entered into an agreement to sell its entire portfolio of television stations to Gray Media, the companies announced on Friday.
The Moscow Times:
Derk Sauer, a Dutch media entrepreneur who founded The Moscow Times and later supported Russian journalists in exile, died at 72 from sailing accident injuries  —  Derk Sauer, the Dutch media entrepreneur who founded The Moscow Times, died on Thursday at age 72, his family said in a statement.
Jay Peters / The Verge:
Reddit wants to become “a go-to search engine” for users; its core search has 70M+ weekly active unique users and AI-powered Reddit Answers has 6M weekly users  —  CEO Steve Huffman says the company is focused on making the platform a ‘go-to search engine.’
RELATED:
Aisha Malik / TechCrunch:
Instagram now requires users to have a public account with 1,000+ followers to go live, aligning with TikTok; previously, the feature was open to all users  —  Instagram users now need a public account with a minimum of 1,000 followers to go live on the platform, the social network confirmed to TechCrunch.
Alex Weprin / The Hollywood Reporter:
South Park will be leaving HBO Max on August 5 after Paramount+ secured exclusive global streaming rights; HBO Max has been the US home for the past five years  —  Paramount and Park County had inked a temporary extension with HBO Max while they negotiated a new streaming and overall deal.
Jill Goldsmith / Deadline:
Paramount reports Q2 revenue up 1% YoY to $6.85B, a $57M profit, vs. a $5.4B loss a year ago, Paramount+ subs down by 1.3M QoQ to 77.7M and revenue up 23% YoY  —  Paramount Global reported its last set of financials under Redstone family ownership with a massive jump in theatrical revenue …
Todd Spangler / Variety:
Apple reports Q3 revenue from Services, which includes the App Store, Apple TV+, and Apple Music, up 13.3% YoY to $27.42B, vs. $26.8B est.  —  Apple continued to drive double-digit growth in its Services business, which increased revenue 13.3% to $27.42 billion for the June 2025 quarter — a new quarterly record.
Annie Palmer / CNBC:
Amazon reports Q2 ad revenue up 23% YoY to $15.7B, vs. $14.9B est., and subscription services revenue up 12% YoY to $12.2B  —  Amazon one-day stock chart  — CNBC Councils  — CNBC on Peacock  — Join the CNBC Panel  — Supply Chain Values  — Select Shopping  — Ad Choices
Todd Spangler / Variety:
Roku reports Q2 revenue up 15% YoY to $1.11B, vs. $1.07B est., a net profit of $10.5M, and Platform segment sales up 18% to $976M  —  Roku exceeded forecasts for the second quarter of 2025, with the streaming platform company turning in better-than-expected 15% top-line growth — and, in a surprise, a quarterly profit.
 
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 More News: 
BBC:
In the UK, X and Reddit are blocking wide-ranging content, including about parliamentary debates, Ukraine, and Gaza, to comply with the Online Safety Act
Anne VanderMey / Bloomberg:
How VCs are changing the way people learn about the tech industry, through a sprawling media ecosystem consisting of podcasts, newsletters, and streaming shows
 Earlier Picks: 
Sara Merican / Deadline:
Ampd: premium VOD added 1.5M net new subscribers in Q2 in Indonesia, Malaysia, Philippines, Singapore and Thailand; Netflix, Viu and iQiyi drove 60%+ of growth
Discussion: WORLD SCREEN and Variety
Tom Jones / Poynter:
Washington Post sports columnist Sally Jenkins accepts a buyout and will be joining The Atlantic as a staff writer
Sara Fischer / Axios:
Dotdash Meredith rebrands to People to capitalize on the brand equity of its most popular and recognizable title
 

 
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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