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12:15 PM ET, July 24, 2018


 Top News: 
Michael Calderone / Politico:
NYC Mayor De Blasio and Governor Cuomo slam Tronc's decision to halve NYDN newsroom, as fears grow the city is becoming a local news “desert”  —  Tronc's decision to cut the Daily News newsroom in half comes amid growing concerns that New York City is underserved when it comes to covering courts, cops and local communities.
Memo: Tronc to cut the New York Daily News newsroom by 50%; Robert York replacing Editor-in-Chief Jim Rich, Managing Editor Kristen Lee also leaving  —  The layoffs come days after rumors of deep cuts at the storied tabloid.  —  The New York Daily News, a storied big-city tabloid known …
Brian Stelter / CNNMoney:
CEO memo: Tronc to lay staffers off at other papers “today and tomorrow”, cuts not to be as severe as those at New York Daily News  —  Tronc laid off half the staff of the New York Daily News on Monday.  Astonishingly, the cuts are not over yet.
Verizon beats estimates in Q2 with net income of $4.12B and total revenue of $32.20B  —  (Reuters) - Verizon Communications Inc (VZ.N) reported better-than-expected quarterly profit and revenue on Tuesday as the No. 1 U.S. wireless carrier attracted more subscribers with unlimited data plans, sending shares higher in premarket trading.
John Hopewell / Variety:
Netflix is launching its first European production hub in Madrid, in bid to boost its “growing” library of Spanish-language content  —  New facility to target Spanish-language production  —  Netflix is launching its first European production hub in Madrid …
Discussion: Fast Company
Lacey Rose / Hollywood Reporter:
Bill Simmons inks new deal with HBO, will continue to create sports-themed content from TV to films for the cable network  —  On the heels of his ‘Andre the Giant’ doc, Simmons is staying put with a pact focused on sports programming.  —  HBO will remain in the Bill Simmons business.
Discussion: Variety, Awful Announcing and Fortune
Jim Waterson / The Guardian:
Digital revenue at The Guardian's parent company has outstripped print revenues for the first time in its history, boosted by 570K regular contributors  —  Group that owns Guardian and Observer earned digital revenues of £108.6m last year and £107.5m from print and events
Susan Taylor Martin / Tampa Bay Times:
Mark Katches, currently editor and VP of content at The Oregonian, named executive editor of The Tampa Bay Times  —  ST. PETERSBURG The Tampa Bay Times today named Mark Katches, a veteran journalist who has led his teams to Pulitzer-Prize-winning work, as the next executive editor of Florida's largest newspaper.
Discussion: Poynter and Oregonian
Catalina Albeanu /
Google's Digital News Innovation (DNI) Fund awards €21M to 98 media projects in 28 European countries after assessing its fifth round of applications  —  The fifth round of the DNI Fund focused on monetisation and diversifying revenue streams  —  Google's Digital News Innovation (DNI) …
Discussion: The Keyword
Christine Schmidt / Nieman Lab:
A startup called Volume tries to work as an intermediary between community radio stations and larger media buyers to bring community radio to rural South Africa  —  “You can't bridge mainstream to community media when the community doesn't have the ability to present their reporting."
Discussion: Variety
Lucia Moses / Digiday:
Publishers like NPR, Al Jazeera, and Bloomberg Media add editorial resources to smart speaker efforts but monetization remains unclear  —  Home voice assistants or smart speakers are still in their infancy as a consumer and revenue proposition, but publishers are stepping up their efforts …
Discussion: @awrd
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