Top News:
Benjamin Mullin / New York Times:
Memo: PBS is cutting its current budget by 21% and reducing dues paid by local stations by $35M to deal with Congress' decision to eliminate ~$500M in funding — The nonprofit will receive less revenue from its members, which are under pressure to make up for shortfalls of their own.
Charlotte Tobitt / Press Gazette:
Digital Content Next survey: 19 US online publishers, including major newsrooms, saw a median 10% YoY decline in Google referral traffic in the May-June period — Leading US online publishers reported an average fall in referral traffic from Google search of 10% in May and June compared to a year earlier.
Discussion:
Digital Content Next, TheDesk.net, @jason_kint, @pressgazette.co.uk, @jason_kint, @jason_kint, @shanumathew93, @ednewtonrex, PPA and Android Headlines
Free Press:
A coalition of press freedom groups urges Homeland Security Secretary Kristi Noem to release Atlanta journalist Mario Guevara, detained by ICE for two months — In a powerful letter to Noem, groups including the Committee to Protect Journalists, Free Press, PEN America and Reporters Without Borders mark …
Raquel ‘Rocky’ Harris / The Wrap:
The LA Times Guild plans to hold its first-ever strike authorization vote as contract talks near their third year; the union lost about 200 members since 2022 — Since negotiations began in September 2022, the guild has seen layoffs impact approximately 200 Times staffers
Discussion:
@katie_robertson, @jamesqueallylat, @katie_robertson, @mattdpearce.com and @jqwritesstuff.bsky.social
Murray Stassen / Music Business Worldwide:
Sources: Chord Music Partners, a music rights investment vehicle, raised $2B+ so far in a round due to close in October; Searchlight Capital has invested $400M — Universal Music Group-backed investment vehicle Chord Music Partners has raised over USD $2 billion in investable capital to buy music rights.
Discussion:
Billboard, Music Ally, Digital Music News, Business Wire, Sky News and The Hollywood Reporter
Stephen Battaglio / Los Angeles Times:
Fox CEO of DTC Pete Distad says Fox will consider bundling Fox One with other streamers and adding podcasts, and that profit projections are “aggressive” — Rupert Murdoch's Fox Corp. has largely stayed on the sidelines of the streaming wars. — That ends next week.
Discussion:
The Streamable, Newser and nScreenMedia
Matthew Keys / TheDesk.net:
Gannett is launching a morning newscast, Connecting America, on its USA Today streaming channel and on YouTube, on August 18; it will air weekdays 7am-9am ET — Gannett Company is launching a new morning newscast on its USA Today-branded free, ad-supported streaming television (FAST) channel, the company announced on Thursday.
Discussion:
NCS | NewscastStudio
Bobby Allyn / NPR:
A look at anti-Trump podcast MeidasTouch, one of the few left-leaning video podcasts that at times dethrones Joe Rogan's top position on YouTube rankings — Ben Meiselas is pacing in front of his home in the foothills of the Verdugo Mountains in Los Angeles, talking on the phone with one hand, a Starbucks coffee cup in the other.
Discussion:
@bobbyallyn.bsky.social, @laurenmeidasa.bsky.social, @meidastouch.com and Althouse
Mojtaba Pourmohsen / Iran International:
Iran International says a cyber operation intended to intimidate its journalists has ties to a senior Iranian intelligence official and a network of operatives — A senior Iranian intelligence official and a network of operatives have been identified as key figures in a cyber group …
Discussion:
@mattlevitt.bsky.social and NewsMax.com
Sarah Scire / Nieman Lab:
Q&A with independent journalist Molly White, who writes the tech and crypto newsletter Citation Needed, which has ~29K subscribers, including ~2,400 paid — The cryptocurrency and tech newsletter Citation Needed is pay-what-you-want. White currently has about 29,000 subscribers including …
Discussion:
@sarahscire, @jmcrookston@mastodon.social, @ben@werd.social and Talking Biz News
Charlotte Tobitt / Press Gazette:
IPSO says The Telegraph's calculation in a January article that claimed “one in 12 in London” is an illegal migrant was inaccurate and showed a “lack of care” — The Telegraph's sums to conclude that “one in 12 in London” is an illegal migrant were inaccurate, a ruling from press regulator IPSO has confirmed.
Discussion:
IPSO
Mike Scarcella / Reuters:
A US district court judge dismisses Rumble's lawsuit accusing WPP, WFA, and Diageo of an ad boycott, saying a Texas court is not the proper forum for the case — A U.S. judge on Wednesday dismissed online video-sharing and internet-hosting company Rumble's (RUM.O) lawsuit accusing spirits maker Diageo …
Discussion:
MediaPost
