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1:55 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.
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.
Infowars page removed from LinkedIn and Pinterest, but remains on Twitter, which says Infowars and Alex Jones don't violate its policy, and Instagram  —  Conspiracy theorist Alex Jones is quickly disappearing from the internet, though some accesses to his site Infowars is still available on the web.
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 …
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: Hearst
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 …
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 …
Discussion: MediaPost
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.
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: Washington Post
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  —  Veteran TV news producer Nancy Han has joined NowThis Media as executive producer for the company's yet-to-launch daily news show for Facebook Watch, slated to launch in September.
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: 
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
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
 Earlier Picks: 
Knight First Amendment Institute, Gizmodo, and others ask Facebook to amend its ToS, which prohibits the use of journalistic tools like web scrapers
Alex Sherman / CNBC:
Video streaming startup NewTV, led by Jeffrey Katzenberg and Meg Whitman, raises $1B round with Disney, Alibaba, NBCUniversal, and others participating