Top News:
Ronan Farrow / New Yorker:
Six women accuse CBS CEO Leslie Moonves of harassment, intimidation, and assault between 1980s-2000s; dozens more describe a culture of harassment — Six women accuse the C.E.O. of harassment and intimidation, and dozens more describe abuse at his company.
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Cynthia Littleton / Variety:
CBS board says it will investigate the allegations against Moonves and notes the timing of claims, amid legal battle with National Amusements — The CBS Corp. board of directors will investigate allegations of sexual misconduct that are to be raised against CEO Leslie Moonves in a report …
Dade Hayes / Deadline:
Shareholders approve Disney's $71.3B purchase of much of 21st Century Fox — UPDATED with official comment from the companies. At special meetings held simultaneously in New York this morning, Disney and 21st Century Fox shareholders overwhelmingly approved the merger first proposed last December.
Yashar Ali / HuffPost:
Sources: Kimberly Guilfoyle left Fox News involuntarily following an HR investigation into allegations of inappropriate behavior — Sources tell HuffPost that Guilfoyle, who is dating Donald Trump Jr., engaged in emotionally abusive behavior and showed colleagues personal photos of male genitalia.
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Steven Musil / CNET:
Facebook bans Alex Jones from using his account for the next 30 days after removing four of his videos for violating its community standards — Alex Jones, the founder, owner and star of conspiracy site Infowars has been suspended by Facebook — and may face harsher consequences.
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Kashmir Hill / Gizmodo:
How a fake story on a “grudge-settling” site ruined a realtor's reputation and finances over a comment about a news story on Facebook that offended a stranger — Monika Glennon has lived in Huntsville, Alabama, for the last 12 years. Other than a strong Polish accent …
Tony Romm / Washington Post:
White House confirms it is working on a consumer privacy policy proposal; sources: WH had 22 meetings with 80 organizations including Facebook, Google, and AT&T — The Trump administration is crafting a proposal to protect Web users' privacy, aiming to blunt global criticism that the absence …
Discussion:
Politico, Slate, AdExchanger, @ericgeller, Washingtonian, Engadget, Mediaite and 9to5Mac, more at Techmeme »
Claire Boston / Bloomberg:
SEC filing: MoviePass ran out of money and couldn't cover the bills causing service outage on Thursday, had to take out short term $6M+ loan due in early August — Helios and Matheson Analytics Inc., the parent company of MoviePass, received a short-term loan for more than $6 million …
Discussion:
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Ellen Silver / Facebook:
Facebook describes its content review team, their offices, training, says reviewers don't have quotas and all have health care benefits, mental health resources — Facebook has firm rules against posting hate speech, sharing nude pictures, or uploading videos harassing another person.
Discussion:
Adweek, Daily Mail, Engadget, Fast Company and @hannahkuchler, more at Techmeme »
Natalie Jarvey / Hollywood Reporter:
Viacom to acquire youth-focused digital media company AwesomenessTV; sources say for $25M plus debt, well below AwesomenessTV's $650M valuation in 2016 — The deal, which sources say also includes the assumption of some debt, is significantly lower than the $650 million valuation that Awesomeness had in 2016.
Discussion:
TechCrunch, Adweek, Viacom Corporate, Variety, VideoInk, Fast Company, @cityofthetown, Financial Times, Tubefilter, Engadget, The Wrap and CNBC
Michelle Castillo / CNBC:
Twitter closes down more than 20% after company reports 1M QoQ decline in monthly active users — - Monthly active users (MAUs): 335 million vs. 338.5 million, according to StreetAccount and FactSet estimate — Twitter shares plummeted 14 percent pre-market Friday after the company reported …
Discussion:
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Paresh Dave / Reuters:
Twitter posts record Q2 profit of $100M, beats estimates on revenue of $711M, up 24% YoY, but monthly users fell by 1M from Q1 to 335M due to increased removals
Discussion:
VentureBeat, Boing Boing, The Week, @twitterir, Wall Street Journal, @ranimolla, @jonerlichman, @twitterir and @raju, more at Techmeme »
Chloe Aiello / CNBC:
New York State Public Service Commission votes to revoke approval of the 2016 Charter/TWC merger, saying company failed to meet broadband buildout obligations — The New York State Public Service Commission voted on Friday to revoke its approval of the 2016 merger agreement between Charter Communications …
Discussion:
Fortune, Ars Technica, VentureBeat, Gizmodo, Multichannel News, The Saratogian and NBC New York, more at Techmeme »
Alex Spence / BuzzFeed:
Leaked report: UK committee to propose social networks be legally responsible for harmful and illegal content, having regulators audit social media advertising — A leaked copy of the MPs' report was published online on Friday, two days ahead of its official release.
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