Mediagazer: Gannett reports mixed results for Q2, with net income of $16.3M on revenue of $730.8M, down from $774.5M in 2017 (Mike Snider/USA Today)

1:35 PM ET, August 10, 2018

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Oliver Darcy / CNNMoney:

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Kevin Roose / New York Times:

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Max Fisher / New York Times:
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CNNMoney:

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Sara Fischer / Axios:

While the Tribune-Sinclair deal is off, smaller local TV deals are still in the works, part of a broad media consolidation trend — Changes in decades-old broadcasting rules, combined with new types of competition in news and entertainment, are creating a drama-filled free-for-all as local U.S. broadcasters consolidate.

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Tribune Media Investor Relations:
Tribune Q2 results: revenue rose 4% YoY to $489.4M, net income rose to $84.4M, up from a net loss of $30.4M in Q2 2017

Discussion: Gothamist, Techdirt, Associated Press and TechCrunch

Jeffrey A. Trachtenberg / Wall Street Journal:

Condé Nast CEO outlines plan for growth: diversify revenue away from ads, shed titles, cut staff; says company is studio shopping to help boost video efforts — Owner of magazines including Vogue, Vanity Fair wants to diversify revenue away from advertising, shed some titles

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Greg Roumeliotis / Reuters:

Sources: Donerail Group, led by former Starboard Value LP executive Will Wyatt, is in advanced talks to acquire Tronc — (Reuters) - Donerail Group, an investment firm led by former activist hedge fund Starboard Value LP executive Will Wyatt, is in talks to acquire Tronc Inc (TRNC.O) …

Discussion: Chicago Tribune, @chicagotribune, CNNMoney, New York Post, @alexparker, @lynnemarek and @gerryfsmith

Wallace Witkowski / MarketWatch:
Tronc reports Q2 revenue of $253M, up 3.9% YoY and net loss of $15.1M

Discussion: Reuters, Business Insider, MarketWatch and @lynnemarek

Alex Hardiman / Facebook:

Facebook continues to test ways to deliver developing news; latest test lets publishers connect story updates, with readers getting notified of new content — By Alex Hardiman, Head of News Products — On June 23, 2018, floodwaters suddenly trapped a team of teenage soccer players who'd been exploring a cave complex in Thailand.

Mike Snider / USA Today:

Gannett reports mixed results for Q2, with net income of $16.3M on revenue of $730.8M, down from $774.5M in 2017 — MCLEAN, Va. - Gannett, which owns USA TODAY and 109 local media properties, said Thursday that digital revenues continued to climb during the second three months of 2018 …

Discussion: Motley Fool, Press Release and MediaPost

Chris Lee / Vulture:

How a producer and a writer worked together on a story about a McDonald's Monopoly game scam, sparking a movie-option bidding war and earning a $350K fee — On a Saturday in late July, the Daily Beast posted a story titled “McScam: How an Ex-Cop Rigged McDonald's Monopoly Game and Stole Millions” …

Discussion: @alisonwillmore, @gabrielsnyder, @jorcru, @mradamtaylor, @calebhannan, @sarahw, @ceilidhann, @emily_cohn and @alexweprin

Lukas I. Alpert / Wall Street Journal:

News Corp beats estimates with revenue of $2.69B, a 29% increase YoY, reports net loss of $372M attributable to shareholders, in part due to Foxtel transaction — Write-off related to Australian TV deal contributes to net loss — The consolidation of Australian television assets helped …

Discussion: Financial Review, Sydney Morning Herald, News Corp and Reuters

New York Times:

As small papers report more layoffs because of Trump's tariffs on Canadian newsprint, one study says US newsprint prices will rise 30%+ in one to two years — WASHINGTON — The Trump administration's decision to impose tariffs on Canadian newsprint is hastening the demise of local newspapers across …

Discussion: @sulliview, Wisconsin Newspaper …, The Rural Blog, @spsullivan, @invw, @brettdl and @dangillmor

Jason Schwartz / Politico:

Amid Trump's anti-media rhetoric and after the Capital Gazette shooting, TV and print media outlets increase security, including adding bodyguards at rallies — TV networks are employing security guards at the president's high-octane rallies. — Notebooks, mics, cameras, hairspray …

Discussion: @philmeyer, @ewstephe and The Daily Caller

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Ali Breland / The Hill:
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Ben Glickman / Wall Street Journal:
IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024

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