Top News:
Freddy Mayhew / Press Gazette:
Facebook boosts quarterly advertising revenue to $9.2B with mobile accounting for 87% — Facebook increased its quarterly advertising revenue by 47 per cent year-on-year to $9.2bn, new financial results show. — Advertising made up 98 per cent of the social network's total revenues …
Discussion:
Adweek, Facebook, ZDNet, New York Times and Reuters
Jonathan Peters / Columbia Journalism Review:
A look at Senate Press Gallery rules vs. Constitutional protections after journalists were told to delete images and forbidden from taking photos of protesters — Protesters chanted in the Senate visitor galleries Tuesday as legislators prepared to vote to open debate on a bill repealing parts …
Discussion:
@desideriodc, @jbendery, Poynter, @maggienyt, @brhodes, @aclu, Common Dreams, @tomauchterlonie, @bypetevernon, @coryschouten, @cjr, @chayesmatthew and @jonathanwpeters
Micah Singleton / The Verge:
Google plans to merge Google Play Music with YouTube Red to create a new streaming service, YouTube's head of music Lyor Cohen confirmed — One service to cover everything (almost) — YouTube's head of music confirmed that the company is planning on merging its Google Play Music service …
Discussion:
RAIN News, Fast Company, TechCrunch, Ubergizmo, AppAdvice.com, BGR, @basche42, Business Insider, Engadget, ZDNet, MacRumors, Android Police, hypebot and 9to5Google, more at Techmeme »
Jessica Toonkel / Reuters:
Sources: marijuana magazine High Times is preparing to file for an IPO; parent company Oreva Capital is selling the magazine for $250M — (Reuters) - The publisher of iconic marijuana enthusiast magazine, “High Times,” plans to take the company public in the fall, two sources familiar …
Austen Hufford / Wall Street Journal:
Comcast Q2 earnings: cable revenue rises 5.5% to $13.12B but the company lost 34K subscribers, up from 4K in Q2 2016, with cable ad revenue down 0.9% to $906M — Results boosted by success of ‘The Fate of the Furious’ — Comcast Corp.'s CMCSA -1.01% entertainment unit surged in the second quarter …
Discussion:
Multichannel News, The Wrap, Broadcasting & Cable and Variety
Poynter:
Content analysis of Russia Today's FakeCheck shows it mixes dubious fact checks among legitimate ones, leading to unproven or poorly sourced conclusions — The number of fact-checking projects around the world is growing, but not every effort has been universally welcomed.
Christine Schmidt / Nieman Lab:
DocumentCloud is transitioning out of IRE, backed by $250K grant from the Knight Foundation, and will ask news orgs using it to start financially supporting it — “We need to address the sustainability question — like now — and we can't wait any longer to do it."
RELATED:
New York Times Co.:
The NYT passed 2M digital-only news subscriptions in Q2, with revenue up 9.2% to $407.1M, and ad revenue increasing for first time since Q3 2014, by 0.8% — NEW YORK—(BUSINESS WIRE)— The New York Times Company (NYSE:NYT) announced today second-quarter 2017 diluted earnings per share …
Discussion:
The Wrap, Reuters, @bydanielvictor, @tripgabriel, @tripgabriel, @dleonhardt, @edmundlee, @nytimescomm, @peterbakernyt, @jwpetersnyt, @mrjohncrowley and @hadas_gold
Michael Sheetz / CNBC:
Twitter's Q2 revenue of $574M beats expectations, but monthly active users remain flat at 328M; advertising revenue decreases 8% YoY to $489M; shares fall 8%+ — - Twitter posted better-than-expected EPS and revenue growth in its second-quarter earnings report.
Discussion:
@hunterwalk and Axios, more at Techmeme »
Sarah Perez / TechCrunch:
Sling TV to host pay-per-view events, starting this weekend with UFC fight — Dish's streaming service for cord cutters, Sling TV,will host its first ever pay-per-view eventthis weekend, by offering coverage of UFC: 214: Cormier v. Jones 2. The fight between former titleholder Jon Jones …
Discussion:
The Next Web
Reuters:
Sources: Discovery edges out Viacom to enter exclusive talks to acquire Scripps Networks Interactive in cash-and-stock bid valuing Scripps at about $90/share — (Reuters) - U.S. media company Discovery Communications Inc in the lead to acquire U.S. cable TV network owner Scripps Network Interactive Inc …
Discussion:
New York Times, C21Media, Wall Street Journal, Hollywood Reporter, Bloomberg, @lianabaker, @taralach, Reuters and TVWeek.com
Georg Szalai / Hollywood Reporter:
Charter reports a profit of $139M in its Q2 earnings, with revenue up 4% to $10.4B, but continues to haemorrhage pay TV subscribers, losing 90K — The company, led by chairman and CEO Tom Rutledge, reports its latest results. — Cable operator Charter Communications …
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