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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.
Discussion:
New York Post, Washington Post, Columbia Journalism Review, The Wrap, @joshgreenman, @bazzinyu, @maragay, @danielleiat, @erinmdurkin, @redsteeze and Mediaite
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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.
Discussion:
The Week, @mccanner, @elanazak, @ckrewson, @lworthysports, @billbarrowap and @mattdpearce

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
Discussion:
The Daily Beast, The Concourse, New York Times, Mediaite, Hit & Run, New York Post, Daily Wire, @ddiamond, @timobrien, @politico, @timgrieve, @journalistslike, @desideriodc, @dabeard, @johnettehoward, @sethamandel, @timmarchman, @al_iannazzone, @katenocera, Columbia Journalism Review, Awful Announcing, Crikey, USA Today, @joelmsiegel, @nypost_mets, New York Times, @caitlinkellynyc, @mercpurdy, @therealjimrich, CBS New York, @nygovcuomo, The Daily Caller, @nycsouthpaw, @pamengel12, Gothamist, @nathanheller, @fisolanydn, @jacknicas, Fast Company, @doc_0, @b52malmet, @b52malmet, @vermontgmg, @smorgasboredom, @hamiltonnolan, @candaceamos, New York Magazine, Bloomberg, @christrobbins, @davidfolkenflik, @nickconfessore and @fxmatt4


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.
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Verizon loses 37K net pay TV subscribers for its Fios video service in Q2, takes hit of ~$658M charge related to closure of go90 video app — The telecom giant takes a pre-tax charge for product realignment of $658 million, “mainly related to the discontinuation of Verizon's go90 platform and associated content.”
Discussion:
The Wrap, Barron's Online, TheStreet and @jeffjarvis, more at Techmeme »


Sources: Fox News employees have been attempting to plant negative stories about Kimberly Guilfoyle, accusing her of workplace misconduct and abuse — In the past few days, staffers at Fox News have waged a covert war and hostile whisper campaign against one of their most prominent former colleagues.
Discussion:
The Daily Caller
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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


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.


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


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


Study: ~36% of largest papers and ~23% of the highest-traffic digital-native news outlets in the US experienced layoffs between January 2017 and April 2018 — Newspaper layoffs have far from abated in the past year, and digital-native news outlets are also suffering losses, according to a new Pew Research Center analysis.


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


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