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12:40 AM ET, July 28, 2017


 Top News: 
Ryan Lizza / New Yorker:
Scaramucci ranted to me about a leak of dinner with Hannity and Bill Shine, a report about his financial disclosures, Priebus, Bannon, and leakers in general  —  He started by threatening to fire the entire White House communications staff.  It escalated from there.
New White House Communications Director Anthony Scaramucci stirs up internal tensions after wrongly labeling a story on his finances a “leak” and a “felony”  —  STORY HIGHLIGHTS  —  Washington (CNN)Anthony Scaramucci, the new White House communications director …
Joe Pompeo / Vanity Fair:
Sources: NYT chief book reviewer and Pulitzer winner Michiko Kakutani is stepping down after nearly 40 years at the newspaper  —  Kakutani, who helped make the careers of writers from Foster Wallace to McEwan, and put fear in the hearts of Mailer and Vidal, will leave her post as one of the most formidable critics in the Times history.
Amazon reports Q2 revenue of $38B, up 25% YoY, as net income drops from $857M to $197M YoY; AWS revenue rose 42% YoY to $4.1B  —, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2017.  —  Operating cash flow increased 37% to $17.9 billion …
Peter Kafka / Recode:
Sources describe Facebook's paywall plan: 10 free articles/month from a publisher before redirect to publisher's subscription site, with no cut for Facebook  —  Mark Zuckerberg says he doesn't want publishers' data, either.  —  Facebook says it wants to help publishers sell subscriptions.
Farhad Manjoo / New York Times:
BuzzFeed's Tasty, which makes most of its money from branded sponsor videos, starts selling a $149 app-connected cooktop as it looks to broaden revenue sources  —  We need to talk about overhead instructional videos of people making food.  You know the ones I mean.
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 …
Rick Edmonds / Poynter:
NYT added 93K digital subscribers in Q2, down from net gain of 300K in Q1 but roughly the same as McClatchy's total paid digital subscribers for 31 news outlets  —  Who are these hundreds of thousands of new digital subscribers The New York Times has added over the last year?
Discussion: Adweek and TVNewser
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%
Christina Wilkie / Center for Public Integrity:
Steve Bannon's use of publicist Alexandra Preate, whose firm Capital HQ works for Breitbart News, is without precedent and may violate law, ethicists say  —  Private publicist, not White House spokespeople, flacking for top Trump aide  —  In an arrangement prominent ethics experts …
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 …
Dell Cameron / Gizmodo:
Watchdog group American Oversight files FOIA lawsuit after FCC stalls in releasing communications with ISPs about net neutrality  —  The Federal Communications Commission (FCC) is being sued over its failure to adhere to a federal transparency law and for wrongfully withholding agency records about net neutrality from the public.
Michael Calderone / HuffPost:
Pulitzer-winning reporter James Risen is taking a buyout from The New York Times after nearly two decades  —  The high-profile reporter is taking a buyout as the paper reorganizes its newsroom.  —  Pulitzer Prize-winning reporter James Risen is leaving The New York Times after nearly two decades …
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 …
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 More News: 
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
Sarah Perez / TechCrunch:
Sling TV to host pay-per-view events, starting this weekend with UFC fight
Discussion: Rolling Stone, Forbes and Engadget
Jeremy Barr / Hollywood Reporter:
Group Nine Media, parent company of The Dodo and NowThis, hires ex-Clinton assistant Press Secretary April Mellody as head of corporate communications
Discussion: Tubefilter
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
 Earlier Picks: 
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%+
Christine Schmidt / Nieman Lab:
Inside regional media nonprofit WyoFile which has dived deep into local news since 2008