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3:55 PM ET, August 5, 2020


 Top News: 
Marc Tracy / New York Times:
NYT says it has added 669K new digital subscribers in Q2 and its digital revenue, at $185.5M, exceeded print revenue, at $175.4M, for the first time  —  The pandemic squeezed advertising for the web as well as print, but subscription growth was the best ever for a quarter.
Business Wire:
NYT reports Q2 net income of $23.7M, down 6% YoY, revenue of $403.8M, down 7.5% YoY, with ad revenues down 43.9%, and has a total of 6.5M subscribers  —  NEW YORK—(BUSINESS WIRE)—The New York Times Company (NYSE: NYT) announced today second-quarter 2020 diluted earnings per share …
Robert D. McFadden / New York Times:
Pete Hamill, the celebrated reporter who worked as a columnist and the top editor of The New York Post and The Daily News, and authored many books, dies at 85  —  He was, among other things, a celebrated reporter, columnist and the top editor of The New York Post and The Daily News and the author of numerous books.
Sara Fischer / Axios:
TikTok tightens policies against manipulated content, expands fact-checking partnerships, and is working with DHS's Countering Foreign Influence Task Force  —  TikTok announced new rules for its users on Wednesday to curb misinformation and manipulation ahead of the 2020 election.
Craig Chamberlain / Illinois News Bureau:
Study of 2,000 journalists' Twitter use: Beltway journalism may be “even more insular than previously thought” with journalists talking too much to each other  —  CHAMPAIGN, Ill. — Journalists in Washington, D.C., have long been accused of living in a “Beltway bubble,” …
Brian Steinberg / Variety:
Discovery reports Q2 earnings of $271M, down 71% YoY, on revenue of $2.54B, down 12% YoY; US ad revenues were down 14% and distribution revenues were down 2%  —  Discovery said it planned to unveil a new direct-to-consumer streaming service even as its said its second-quarter net income fell 71% …
Jill Goldsmith / Deadline:   Discovery announces plans to launch a broad, new DTC streaming service that encompasses all its brands and characters, with more details coming soon
Sarah Perez / TechCrunch:
Facebook launches Instagram Reels, its TikTok competitor that lets users create and publish 15-second videos, in 50+ countries, including the US, UK, and Japan  —  Instagram Reels, the company's significant effort in challenging TikTok on short-form creative content, is launching globally, starting today.
Discovery reports Q2 profit of $271M, down 71% YoY, on revenue of $2.54B, down 12% YoY; US ad revenues were down 14% and distribution revenues were down 2%  —  - Disney reported earnings for its third quarter of 2020 after the bell on Tuesday as it continues to feel the impact …
Julia Alexander / The Verge:
Disney's Mulan, originally to be released in March but delayed due to COVID-19, will be released on Disney+ on Sept. 4 as a premium on-demand offering for $30
Priyanjana Bengani / Columbia Journalism Review:
Study finds 700 more “pink slime” sites, partisan outlets masquerading as local news orgs, have been activated ahead of US election, up from 450 in Dec. 2019  —  The run-up to the 2020 November elections in the US has produced new networks of shadowy, politically backed …
CBS News:
Biden campaign announces what it says is the largest TV ad buy ever by a presidential candidate, with $220M for TV ads in 15 states and $60M for digital ads  —  Pretty soon it'll be hard to escape Joe Biden on your television.  Or your radio.  Or your phone.
Stephanie Sengwe / The Streamable:
Live TV streaming service Philo says it now has 750,000 subscribers, up 300% YoY  —  It seems Philo has had a great year.  The sports-free streaming TV bundle has seen a 300 percent uptick over the course of the past year and is now boasting 750,000 subscribers.
Discussion: Fast Company
Naman Ramachandran / Variety:
Ofcom study: Disney+, with 16% of online adults subscribing, surpassed Now TV to become UK's third most subscribed streamer after Netflix's 45% and Amazon's 39%  —  The lockdown months in the U.K., from late March to early July, saw U.S. streaming giants Netflix, Amazon Prime Video and Disney Plus …
Julia Alexander / The Verge:
Quibi seems to be testing a free ad-supported tier in Australia and New Zealand  —  Sounds like a testing phase  —  Quibi is beginning to offer a completely free tier to subscribers in Australia and New Zealand as the struggling streaming company tries to build its subscriber base.
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 More News: 
Rick Porter / Hollywood Reporter:
HBO announces a two-part documentary exploring Black representation on TV using archival footage and interviews with actors, writers, and showrunners
Discussion: Variety and Multichannel News
Ron Amadeo / Ars Technica:
Google says Google Play Music shutdown starts this month, global streaming will shut down in October, and music collections will be deleted in December
 Earlier Picks: 
Los Angeles Times:
Changes at the USAGM undermine the credibility of US worldwide broadcasting by threatening the firewall that has insulated broadcasters from political pressure
Kevin G. Hall / McClatchy Washington Bureau:
A bankruptcy judge has approved the $312M sale of McClatchy to Chatham Asset Management; Pension Benefit Guaranty Corporation will assume McClatchy pension plan