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12:15 PM ET, July 24, 2019

Mediagazer

 Top News: 
Tony Romm / Washington Post:
FTC announces a $5B fine against Facebook for repeated privacy violations as part of a settlement that requires federal oversight of its business practices  —  The settlement between the Federal Trade Commission and Facebook ends a 16-month probe that began after revelations of the tech giant's entanglement with Cambridge Analytica
Todd Spangler / Variety:
AT&T Q2: 778K net loss in DirecTV, U-verse customers; 168K net DirecTV Now subscriber loss; WarnerMedia revenue up 5.5% YoY to $8.35B, operating income up 10.3%  —  WarnerMedia was AT&T's fastest-growing division in the second quarter of 2019.  But the telco showed ongoing signs of trouble …
RELATED:
Cynthia Littleton / Variety:
HBO Max streaming service set to launch next spring will eventually include live sports and news programming, says AT&T CEO Randall Stephenson  —  AT&T chief Randall Stephenson told investors Wednesday that the HBO Max streaming service set to launch next spring will eventually include live sports and news programming.
Discussion: The Wrap, The Streamable and The Verge
Om Malik:
Media companies keep playing a blame game, pointing to tech companies for their failures, but sales execs focused on short-term thinking should take the blame  —  Earlier this week, the New York Post reported that the cover of the July 29th issue of Time magazine, which celebrates …
Alex Kantrowitz / BuzzFeed News:
Interviews, including with the dev who led the team behind the retweet button, discuss the power of retweets to drive extreme content and spread misinformation  —  Developer Chris Wetherell built Twitter's retweet button.  And he regrets what he did to this day.
Kali Hays / WWD:
Ad spend in print magazines in US fell 18% YoY in 2018, but spend in magazines' digital verticals rose 3.3%; magazine advertisers spent $13.64B total, down 12%  —  A few editors had success last year online and on YouTube, but digital ad dollars are very, very slow to appear.
Paul Bond / Hollywood Reporter:
Netflix shed over $24B in value in six days after it reported losing US subscribers for the first time last quarter; market cap at end of Tuesday was $134.5B  —  The heavy volume of trading over the past nine days suggests many investors are cashing in on their big gains.
Discussion: Los Angeles Times
Michael M. Grynbaum / New York Times:
Jodi Rudoren, a veteran editor and reporter at The New York Times, has been named editor in chief of The Forward, a 122-year-old Jewish publication  —  The Forward, a 122-year-old Jewish publication, named a new leader of its newsroom on Tuesday, appointing Jodi Rudoren …
Manish Singh / TechCrunch:
Netflix launches a $2.80 per month mobile-only subscription plan in India, restricted to one mobile device at 480p standard definition  —  Netflix has a new plan to win users in India: make its service incredibly cheap.  The streaming giant today introduced a lower-priced mobile tier in the country that costs Rs 199 ($2.8) per month.
Laura Hazard Owen / Nieman Lab:
Slate's daily advice columns are driving traffic to the site, with unique visitors across the category up 85% YoY, as their large archives foster binge-reading  —  Twincest, “I am bothered that the dog now has my daughter's name,” did I cause a woman to get hit by a car …
 
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 More News: 
Clare Duffy / CNN:
Snap adds 13M DAUs in Q2, attributes growth to exclusive Discover content with 35% YoY increase in daily Discover users and total daily time spent on it up 60%
Erik Wemple / Washington Post:
In a court document, lawyers for Cesar Sayoc, who pleaded guilty to mailing explosives to 13 people, say Fox & Friends and Hannity helped radicalize Sayoc
Charlotte Tobitt / Press Gazette:
News UK's The Times and Sunday Times get permission from the government to share more journalists; the company has declined to comment on potential job cuts
Discussion: The Guardian
 Earlier Picks: 
Jessica Dolcourt / CNET:
Profile of Craigslist founder Craig Newmark, who has donated $100M+ to charities and who champions “vigorous, trustworthy journalism” and women in tech
Lucinda Southern / Digiday:
News UK halved the number of podcasts it produces to 22 last year and saw double the downloads and triple the ad revenue
Max Willens / Digiday:
Bustle Digital Group acquires Inverse, a science- and geek culture-focused site, which was founded by Bleacher Report cofounder Dave Nemetz and had raised $6M
Brian Stelter / CNN:
A look at the work of Puerto Rican news nonprofit CPI, whose publication of texts sent by the governor has partly sparked protests demanding his resignation