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3:40 PM ET, August 8, 2018


 Top News: 
Jaclyn Peiser / New York Times:
NYT reports Q2 profit of $24M, adds 109K subscribers, increasing total number of digital subs by 20% to 2.9M and generating $99M in revenue for the paper  —  The New York Times continued its digital growth in the second quarter of 2018, adding 109,000 digital-only subscribers.
Benjamin Mullin / Wall Street Journal:
Axios has signed a deal with HBO to develop a series of news documentaries timed to the midterm elections  —  The show, titled ‘Axios,’ will focus on politics, technology and culture  —  Axios, the digital news startup known for concise stories, is about to go long—on TV.
Stefan Nicola / Bloomberg:
Profile of Mathias Döpfner, CEO of Axel Springer, on his high-profile digital acquisitions like Business Insider, his missteps, and plans for future growth  —  Weaving past workers in orange vests and hard hats, Mathias Doepfner struts through what looks like a giant steel …
Jason Guerrasio / Business Insider:
Kali Hays / WWD:
Kate Lewis has been named Chief Content Officer of Hearst Magazines, replacing Joanna Coles  —  Lewis has been named new chief content officer, a role that was created for Coles in 2016.  —  Ariana Grande on the cover of Elle magazine's August edition.  —  Hearst didn't waste time in finding …
Discussion: Folio, Hearst, Ad Age and @joannacoles
Kali Hays / WWD:
Analysis: US magazines lost ~$417.5M in revenue last year as top 50 biggest advertisers cut spending; there are now 7,176 magazines, 207 fewer than a decade ago
Discussion: The Daily Beast
ProPublica expands its Local Reporting Network, plans to fund salaries for reporters covering state politics and government at seven news outlets  —  In an effort to help stanch the decline in aggressive statehouse coverage across the country, ProPublica today announced that it is expanding …
Todd S. Purdum / The Atlantic:
Ex-NYT White House reporter Todd Purdum says Jim Acosta's confrontations with Sanders play into Trump's narrative that press is at war with him  —  The CNN reporter is speaking truth to power—but he's also amplifying the president's anti-press campaign.  —  The verb to accost comes …
Discussion: TVNewser and Washington Post
Ted Johnson / Variety:
Sinclair and Tribune Media must decide by midnight whether to continue to pursue their $3.9B merger deal despite FCC's refusal to approve the transaction  —  WASHINGTON — Sinclair Broadcast Group and Tribune Media face a midnight deadline on whether to continue to pursue …
David French / New York Times:
Given the malleability of the “hate speech” label, tech companies should use libel and slander legal standards when removing content like Infowars  —  “Hate speech” is extraordinarily vague and subjective.  Libel and slander are not.  —  Mr. French is a First Amendment litigator and senior writer for National Review.
Michael Phillips / Richmond Times-Dispatch:
Roanoke Times files a suit against its ex-reporter Andy Bitter over the rights to the Twitter account @AndyBitterVT, alleging it's company property he inherited  —  The Roanoke Times filed a lawsuit Tuesday morning in a U.S. District Court against a former reporter over the rights to a Twitter account.
Joel Simon / Columbia Journalism Review:
As the sixth anniversary of Austin Tice's captivity in Syria approaches, his parents talk about the difficulties of keeping his case in the public spotlight  —  On August 13, 2012, only a few days after celebrating his 31st birthday, freelance journalist Austin Tice emailed his father …
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 …
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
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 More News: 
Meagan Flynn / Washington Post:
Subpoena for Discord, the app used by white supremacists to plan the Charlottesville rally, could reveal their identities
Todd Spangler / Variety:
CBS Senior Producer Nancy Han has joined NowThis as executive producer of its yet-to-be launched daily show for Facebook Watch, coming September
Georg Szalai / Hollywood Reporter:
Liberty Media reports Q2 earnings of $172M, up from $94M a year ago, but operating income fell from $422M to $374M
Li Yuan / New York Times:
Chinese censorship has fostered an environment in which young citizens do not demand information; those who spend time abroad have to learn a different internet
 Earlier Picks: 
Dell Cameron / Gizmodo:
Report from FCC's inspector general refutes controversial claims by senior FCC officials that a cyberattack hobbled its comment system in May 2017
Alex Sherman / CNBC:
Video streaming startup NewTV, led by Jeffrey Katzenberg and Meg Whitman, raises $1B round with Disney, Alibaba, NBCUniversal, and others participating