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.
Discussion:
Washington Post, New York Post, @joshgreenman, @erinmdurkin, @redsteeze, HuffPost, ThinkProgress and Awful Announcing
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HuffPost:
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 …
Discussion:
The Concourse, The Daily Beast, New York Times, Columbia Journalism Review, New York Post, @ddiamond, @timobrien, @politico, @nygovcuomo, New York Times, Gothamist, @fisolanydn, @timmarchman, @desideriodc, @dabeard, @al_iannazzone, @sethamandel, @katenocera, @journalistslike, @johnettehoward, Mediaite, Crikey, @joelmsiegel, @nypost_mets, @caitlinkellynyc, @mercpurdy, Awful Announcing, @nycsouthpaw, CBS New York, @therealjimrich, @pamengel12, The Daily Caller, Fast Company, @nathanheller, Daily Wire, USA Today, @jacknicas, @candaceamos, @tomkludt, Nieman Lab, @doc_0, @b52malmet, @b52malmet, @vermontgmg, @smorgasboredom, @hamiltonnolan, New York Magazine, Bloomberg, NPR, @christrobbins, @davidfolkenflik, @nickconfessore, @fxmatt4, @tomkludt, The Guardian, @palafo, @sportswatch, @maghielse, @alexmleo, @yashar, @helenkennedy, @dvnjr and @jdawsey1
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.
Discussion:
The Week, @lworthysports, @elanazak, @ckrewson, @mccanner, @billbarrowap, @mattdpearce and KTLA
Reuters:
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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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.”
Discussion:
Barron's Online, TheStreet and @jeffjarvis
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 / Journalism.co.uk:
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 …
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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