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9:10 AM 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.
Georg Szalai / Hollywood Reporter:
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.”
Pew Research Center:
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.
Discussion: Axios and @kbeninato
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
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
Michael M. Grynbaum / New York Times:
Fox News anchor Chris Wallace discusses confronting Putin, vacationing in Russia, and how he landed the interview with the Russian president  —  He confronted President Vladimir V. Putin of Russia about meddling in American elections, presented him with a copy of the special counsel's indictment …
Discussion: TVNewser and Mediaite
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
Gregory Schmidt / New York Times:
Faced with flagging sales, comic book publishers are developing their own streaming platforms, bypassing services like Netflix and Amazon Prime  —  Comic book publishers are facing a growing crisis: Flagging interest from readers and competition from digital entertainment are dragging down sales.
Discussion: @maullarmaullar
Riley Griffin / Bloomberg:
How women's magazines like Glamour and Cosmopolitan are harnessing exploding interest in politics among women and reaping the benefits of growing online traffic  —  It's not just Teen Vogue.  Readers are flocking to the websites of Glamour and Cosmo, and they're responding with aggressive political reporting.
Discussion: @creynoldsnc
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 More News: 
Peter White / Deadline:
BBC Studios' Chief Creative Officer Mark Linsey is switching roles, taking over as head of content partnerships, with a new director of content to be recruited
 Earlier Picks: 
Ken Doctor / Nieman Lab:
Trump tariffs on newsprint cause some newspapers to cut printing days; higher costs will likely lead to redesigns, pricier subscriptions, and fewer pages