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12:00 PM ET, August 6, 2020

Mediagazer

 Top News: 
Dade Hayes / Deadline:
ViacomCBS Q2: revenue of $6.3B, down 12% YoY; net earnings of $478M, down 51% YoY; advertising fell 27% YoY; total streaming revenue grew 25% YoY to $489M  —  ViacomCBS absorbed a blow to its advertising business from COVID-19 in the second quarter, beating Wall Street forecasts for earnings but clearing the bar for total revenue.
RELATED:
The Wrap:
ViacomCBS to launch a paid international streaming service in early 2021 starting with Australia, Latin America, and Nordic countries  —  ViacomCBS is launching an international streaming service in early 2021, the company announced during its second-quarter earnings call Thursday.
Discussion: Variety, Adweek and Multichannel News
Kate Irby / The Fresno Bee:
A federal judge ruled Wednesday that Rep. Devin Nunes cannot sue Esquire and Hearst for defamation over a 2018 story about his family's farm in Iowa  —  Rep. Devin Nunes cannot sue Esquire magazine over a 2018 story that described his family's farm in Iowa, a federal judge ruled Wednesday …
RELATED:
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%
Nathan Bomey / USA Today:
Gannett Q2: $437M net loss; revenue of $767M, down 28% YoY; print ads down 45% YoY to $188M, digital ads down 27% YoY to $104M; digital subs up 31% YoY to 927K  —  USA TODAY owner Gannett reported a net loss of about $437 million in the second quarter as businesses cut back on advertising amid …
Discussion: Business Wire
Apekary / Ariana Pekary:
An MSNBC producer who quit her job describes how ratings pressure distorts commercial TV news, amplifying fringe voices and stoking division even amid crisis  —  “Just quit.”  —  That's the advice Alec gave a year and a half ago when I expressed concerns about my job.  —  “You just quit.
Todd Spangler / Variety:
Roku beats analyst estimates with Q2 revenue of $356.1M, up 42% YoY, and says it has 43M active streaming accounts with streaming hours rising 65% YoY  —  Roku, helped again by stay-at-home streaming during the coronavirus pandemic, topped Wall Street earnings estimates for the second quarter …
Rick Edmonds / Poynter:
Ken Doctor's Lookout Local, a network of local digital outlets, to launch first in Santa Cruz in the fall with $2.5M in grants and an LAT content partnership  —  As promised last fall, Ken Doctor is turning from reporting and analyzing the trials of the local news industry to creating Lookout Local …
Discussion: Lookout Local
Alex Barker / Financial Times:
Discussion: Deadline, Digital TV Europe and @vivian
Hanaa' Tameez / Nieman Lab:
The Kashmir Walla launches a membership program after online traffic disappeared following Kashmir's internet blackout and ad revenue dropped due to COVID-19  —  “People don't just pay for the product and the content.  People pay for the idea behind it and the credibility.
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 …
RELATED:
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
 
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 More News: 
Gilad Edelman / Wired:
Dutch public broadcaster Nederlandse Publieke Omroep dropped cookies from its site and saw digital revenue grow by double-digit percentage points over 2019
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
 Earlier Picks: 
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
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
Sara Fischer / Axios:
TikTok tightens policies against manipulated content, expands fact-checking partnerships, and is working with DHS's Countering Foreign Influence Task Force
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
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