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11:15 AM ET, August 2, 2019

Mediagazer

 Top News: 
Anthony Ha / TechCrunch:
Facebook says its local news subscription initiative has led to tens of thousands of new digital subscriptions and about $5M in value at 14 participating papers  —  It's been more than a year since Facebook announced that it would be funding a Local News Subscriptions Accelerator.
Christine Schmidt / Nieman Lab:
Pew: 27% of papers with Sunday circulations of ~50K+ faced layoffs in 2018 vs. 32% in 2017; 14% of digital media sites laid off staff in 2018 vs. 20% in 2017  —  If you work at a U.S. newspaper and didn't have layoffs in the last two years, consider yourself lucky.
RELATED:
New York Times:
Four initiatives reimagine local news: journalism as service, focus on schools and education, news via text message, and philanthropy  —  What happens when the presses stop rolling?  Who will tell the stories of touchdowns scored, heroes honored and neighbors lost?
Reuters:
Turkey's TV and radio watchdog granted oversight of online content, including streamers and online news outlets; providers must now get broadcasting licenses  —  ANKARA (Reuters) - Turkey on Thursday granted its radio and television watchdog sweeping oversight over all online content …
Discussion: Middle East Eye
Elaine Low / Variety:
CBS says CBS All Access and Showtime OTT together have 8M subscribers, plans to reach 25M by 2022; CBS All Access will offer at least 12 original shows in 2020  —  CBS All Access is ramping up its offerings to at least 12 original series in 2020, said streaming service execs …
Christine Schmidt / Nieman Lab:
Inside Pennsylvania PBS39's nightly solutions-focused newscast, launched ~11 months ago after the station received $82M from spectrum sale  —  “It wasn't, like, 'bam bam soundbite soundbite you're done.'”  —  This was a serious case of lemons and (potentially) lemonade.
Discussion: @frankwords
Sarah Sluis / AdExchanger:
Hearst is building Hearst Audience Select, a self-serve ad platform for small brands to advertise across Hearst properties, to launch in time for Q4  —  Hearst is building a self-serve ad platform so advertisers can overlay their audience data against Hearst's to reach readers across sites like Cosmopolitan …
Marc Tracy / New York Times:
Print generated $25B+ in revenue in 2018; its steady cash flow attracts investors who realize that lowering overhead reduces costs at a faster rate than revenue  —  Hedge funds have found that they are able to wring profits out of an ailing product: the print newspaper.  But for how long?
David Shepardson / Reuters:
FCC votes to tighten rules governing franchise fees paid by cable companies to local authorities, which could lead to public access channels going off the air  —  The U.S. Federal Communications Commision (FCC) on Thursday voted 3-2 to tighten rules governing the franchise fees paid …
Discussion: Broadcasting & Cable
MIX / The Next Web:
Sensor Tower: YouTube remains world's top-grossing video app, generating $138M in user spending in Q2 2019, up 220% YoY; US users generated ~70% of this revenue  —  Google must be happy.  YouTube is the world's top-grossing app in the photo and video software category for a second quarter in a row.
Discussion: 9to5Google
Eric Eldon / TechCrunch:
Holloway, which publishes in-depth guides about running a startup, raises $4.6M in seed funding from The New York Times, NEA, Lightspeed, and others  —  Founders need to get smart quickly about the many nuanced aspects of building a company, from understanding weird language in a big term sheet to hiring a key software developer.
 
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 More News: 
Ben Paynter / Fast Company:
How The Daily Show covered the first Democratic debate live on social media, making memes and jokes that helped it beat other late-night shows in engagement
Andrew Webster / The Verge:
Tyler “Ninja” Blevins, the biggest name in Fortnite and one of Twitch's most popular stars, says he will move to Microsoft's Mixer full-time
Taylor Lorenz / The Atlantic:
Inside “Instabeach”, Instagram's annual invite-only party in Malibu for 500 of its top creators, which has become a who's who of young Hollywood
 Earlier Picks: 
Mark Bergen / Bloomberg:
YouTube has significantly changed its algorithm to boost what it deems “quality” children's videos following FTC probe into its use of personal data from minors
Joshua Benton / Nieman Lab:
The LAT's disappointing digital subscriber numbers attest to the importance of subscriber retention, which the paper should invest in like the NYT has
 

 
From Techmeme:

Foo Yun Chee / Reuters:
Sources: EU may accept Apple's proposal to open its NFC payments tech to rivals, and may close its antitrust probe in May, letting Apple avoid hefty fines

George Steer / Financial Times:
Nvidia closed down 10% on Friday, falling the most since March 2020 and losing more than $200B of its market value, as investors pull back from AI bets

Gaby Del Valle / The Verge:
The US Senate reauthorizes FISA's Section 702; some communication service providers had threatened to stop cooperating with the US government in case of a lapse
 
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