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6:40 PM ET, August 7, 2018

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 Top News: 
Gizmodo:
Knight First Amendment Institute, Gizmodo, and others ask Facebook to amend its ToS, which prohibits the use of journalistic tools like web scrapers  —  Last year, we launched an investigation into how Facebook's People You May Know tool makes its creepily accurate recommendations.
Sam Stein / The Daily Beast:
Ipsos: 43% of Republicans say they believe Trump should have the power to shut down news outlets “engaged in bad behavior”, with 12% of Democrats agreeing  —  Freedom of the press may be guaranteed in the Constitution.  But a plurality of Republicans want to give President Trump …
Josh Constine / TechCrunch:
Snap reports Q2 revenue of $262.3M, up 44% YoY, and 188M DAUs, up 8% YoY but down from 191M in Q1 against competition from Facebook Stories  —  The Stories War has officially killed Snapchat's growth.  In Q2 2018 earnings today, Snapchat's daily user count shrank 1.5 percent to 188 million this quarter …
RELATED:
Marc Vartabedian / Wall Street Journal:
Snap's DAU decline in Q2 marks the first time Snapchat has lost daily users since the company was founded in 2011  —  Company is latest social-media company to post disappointing user growth for the quarter  —  Snap Inc. SNAP .54% reported on Tuesday that its number of daily active users fell …
Shoshana Wodinsky / The Verge:
Following bans of Infowars' content, its mobile app has shot up iOS App Store and Google Play Store charts, going from 47th to 4th in US news category on iOS  —  ‘Infowars WILL NOT be silenced’  —  Infowars Official, the app named after Alex Jones' controversial radio talk show …
RELATED:
CNET:
Infowars page removed from LinkedIn and Pinterest, but remains on Twitter, which has said it does not violate its policy, and Instagram
Jem Aswad / Variety:
Warner Music Group sells its entire stake in Spotify for $504M  —  UPDATED: In its earnings call on Tuesday morning, Warner Music Group announced that it has now sold its entire stake in Spotify, realizing $504 million.  —  CEO Steve Cooper said that the sale resulted in $126 million …
Andrew Beaujon / Washingtonian:
WaPo employees: Bezos should focus on fixing the 401(k), reopen US bureaus, refocus the sports desk, bring back the ombudsman, and plan for the post-Trump era  —  A punch list for the paper's owner.  —  On August 5, 2013, Washington Post employees gathered in their auditorium …
Discussion: @abeaujon and Washington Post
Jason Schwartz / Politico:
Fox News says it is addressing producers and “talent involved” on Jesse Watters show over racist comments made about NYT writer Sarah Jeong  —  It was not a drill.  Saturday night on Jesse Watters' show was the moment Fox News CEO Suzanne Scott had instructed her top producers …
Discussion: Mediaite and Washington Post
Brooks Barnes / New York Times:
AT&T has acquired controlling interest in Otter Media from the Chernin Group, a deal valued at more than $1B; Otter Media will be folded into WarnerMedia  —  LOS ANGELES — Jesse Jacobs, president of the Chernin Group, felt defeated.  —  It was July 12, 2013, and Mr. Jacobs had just found …
Discussion: The Wrap, Variety and MediaPost
 
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 More News: 
Hamilton Nolan / Splinter:
It will not be long before reporters become casualties of the Trump era's rhetoric and a journalist is killed
 Earlier Picks: 
Brian Steinberg / Variety:
Discovery's Q2 profit drops 42% YoY due to charges associated with Scripps purchase, with net income falling to $216M
Discussion: MediaPost
Leonard Maltin / Hollywood Reporter:
After Disney's acquisition of 20th Century Fox, film historian and author Leonard Maltin recalls the studio's early days and the original mogul Darryl F. Zanuck