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7:10 AM ET, July 29, 2015


 Top News: 
Kurt Wagner / Re/code:
Twitter added just 2M MAUs in Q2, excluding “SMS Fast Followers”  —  Twitter Asks for More Time to Fix Things — And Freaks Out Wall Street  —  Twitter added just two million new core users last quarter, and while it also beat Wall Street revenue estimates, investors still aren't buying the Twitter story.
Alex Wilhelm / TechCrunch:
Twitter reports better-than-expected Q2 revenue of $502M with just 316M MAUs, a number that includes “SMS Fast Followers”
Discussion: TechCrunch, The Wrap and Fortune
Justin Fox / Bloomberg View:
The Midsize Newspaper Is Toast  —  Everybody who's been paying attention knows that it's been a tough decade for American newspapers.  But every once in a while it's worth checking in on just how bad it's been.  The release of the American Society of Newspaper Editors' annual newsroom census …
Discussion: @jontalton and @herbgreenberg
Jonathan Soble / New York Times:
Japan's Nikkei vies for global clout with the $1.3B purchase of The Financial Times  —  Nikkei Vies for Global Clout With Splurge on The Financial Times  —  TOKYO — Not long after he took over as president of Japan's dominant business newspaper in April, Naotoshi Okada delivered a message to his 1,300 reporters and editors.
Discussion: Talking Biz News
Tara George / MediaShift:
Operating with fewer resources, news startups are blurring the lines between business and editorial  —  Should a Local News Startup Have Reporters Write Press Releases?  —  At a conference of local news entrepreneurs in Philadelphia recently, speakers were sharing tips on innovative ways …
Chad Bray / New York Times:
McGraw Hill Financial Buys SNL Financial for $2.2 Billion  —  McGraw Hill Financial, the owner of Standard & Poor's Ratings Services and S&P Capital IQ, said on Monday that it had agreed to buy the financial data and information provider SNL Financial for $2.2 billion in cash.
Discussion: Folio, Bloomberg Business and Reuters
Washington Post:
The most famous television journalist in Pakistan lives like a fugitive  —  The most famous television journalist in Pakistan lives like a fugitive.  Hamid Mir tells no one where he is going, how he will get there or where he will spend the night.  —  At Mir's office, his curtains are always drawn.
The New York Times Company:
New York Times executive editor Dean Baquet and Metro editors write to the NYRB, rebutting its story on paper's nail salon investigation  —  Rebuttal to The NYRB's Article on NYT Nail Salon Series  —  Below is a letter sent to The New York Review of Books by Times editors in response to …
Hollywood Reporter:
Major Layoffs to Hit Ryan Kavanaugh's Relativity This Week as Bankruptcy Looms  —  Some 350 people currently work at Beverly Hills-based Relativity.  —  Ryan Kavanaugh's Relativity Media is set to lay off as many as 50 employees this week (and possibly more) as the financially-embattled studio …
Discussion: The Wrap, Los Angeles Times and Variety
John Plunkett / Guardian:
Sky profits rise as it passes 12 million UK and Ireland customers  —  Satellite broadcaster's annual revenues hit nearly £11.3bn in the first full year since it completed the takeover of Sky businesses in Germany and Italy  —  Sky has passed the 12 million customer mark in the UK …
Eriq Gardner / Hollywood Reporter:
Newly uncovered evidence may show that there is no copyright to the Happy Birthday song lyrics  —  “Happy Birthday” Lawsuit: “Smoking Gun” Emerges in Bid to Free World's Most Popular Song  —  Attorneys for suing filmmakers uncover a blurry version of an 88-year-old book in the files of Warner/Chappell.
Los Angeles Times:
Netflix seeks to double office space by moving to a 150K square foot place in Hollywood  —  Netflix, on a roll, seeks to double its L.A.-area office space  —  Netflix, as it continues to bulk up its muscle within Hollywood, is now seeking to take up residence there.
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 More News: 
Tyler Falk /
NPR plans environmental reporting project with stations
Benjamin Mullin / Poynter:
New trial date in Hulk Hogan sex tape case could come at upcoming hearing
Erik Hayden / Hollywood Reporter:
The Onion is to launch EDGE, a web series mocking HBO's VICE show
Discussion: Tubefilter, Guardian, Mediaite and The Week
 Earlier Picks: 
Rachel Raudenbush / Digiday:
Ask a Millennial: What are the challenges of being an intern in publishing?