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, Salon, @annewritesreylo.bsky.social, semipublic.co, @carnage4life@mas.to, @banksyfella.bsky.social, @scottedelman.bsky.social, @scottnover, Fox News, @wexler, WKYC-TV, Must Read Alaska, @mikeisaac, Deseret News, @whstancil, @philipaklein, Variety, Breitbart, Le·gal In·sur·rec·tion, The Washington Free Beacon, Curb Cuts, Plain Dealer, Digital Music News, The Guardian, The A.V. Club, Ars Technica, Washington Times, Pittsburgh Business Journal, Gizmodo, The Mahablog, 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 Examiner, Washington Post, 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 Follow, New Republic, The Hill, The Independent, The Gateway Pundit, 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
Discussion:
@jeffjarvis.bsky.social, TheDesk.net and TMTG, more at Techmeme »
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.
Discussion:
@dankennedy.net, Werd I/O and @ernie.tedium.co
Emily Baker-White / Forbes:
A profile of Rumble founder Chris Pavlovski, who declined an offer to become CEO of Truth Social and opted to provide services to the platform through Rumble — Before he helped run Truth Social, Chris Pavlovski owned porn domains. Now, he's allied with a political movement that wants to ban pornography.
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.
Discussion:
Variety, Forbes, Comic Book, GamesRadar, TheDesk.net, @tvgrimreaper, Screen Rant, The A.V. Club, TheDesk.net, Collider, Bleeding Cool News, The Wrap and TVNewsCheck
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.
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.
Discussion:
TV Tech, Cord Cutters News, WDRB, Gray Media and TVNewsCheck
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.
Discussion:
Engadget, Mashable, @osma@mas.to, 9to5Mac, Lifehacker, The Week, Daily Jang, PCMag, Moneycontrol, Social Media Today and WeRSM
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 …
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.’
Discussion:
Mashable, The Register, The Indian Express, Moneycontrol, Observer, KnowTechie, Inc.com, TalkAndroid.com, Engadget, CNET, How-To Geek, PCMag, WinBuzzer, 9to5Google, Glenn Gabe on LinkedIn, TechCrunch, @nickstatt.bsky.social, Search Engine Journal, Business Insider, TechCrunch, MarketWatch, Sherwood News and Reuters
RELATED:
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.
Discussion:
The Register, SFGATE, MobileSyrup, Michael Tsai, Associated Press, Mashable, KnowTechie, iDownloadBlog.com, TheStreet, Reuters, @neilcybart, @neilcybart, Benzinga, Newser, Business Insider, Digit, Six Colors, Fortune India, Puck, Financial Times, Investopedia, TechCrunch, MacTech.com, Deadline, Tom's Guide, Apple, Bloomberg, BusinessLIVE, iPhone in Canada, Motley Fool, 9to5Mac, Fortune, Los Angeles Times, The Hollywood Reporter, Apple, Media Play News, MacDailyNews, The Verge and Dow Jones Newswires
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
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 — Social media companies are blocking wide-ranging content - including posts about the wars in Ukraine and Gaza - in an attempt to comply …
Discussion:
The Guardian, @evelyndouek.bsky.social, LabourList, Breitbart, The European Conservative, UPI, @danielrigal.bsky.social, @caseynewton.bsky.social, spiked, Reuters, Prof Sandra Wachter on LinkedIn, Tom's Guide, @shanephotos.bsky.social, @anarchoterran.bsky.social, @mikestabile.bsky.social and @ibboard@hachyderm.io
