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1:35 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.
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.
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
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.
Discussion: Multichannel News
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
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
The Daily Beast:
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
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
Sources: Bill Shine has quietly been asking friends and associations for opinions on who could succeed Sarah Huckabee Sanders should she leave soon  —  The press secretary says she has no plans to step down, but a shortlist of potential replacements is starting to take shape.
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
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
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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