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12:10 AM ET, August 12, 2020

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 Top News: 
Sara Fischer / Axios:
Facebook's new policy will label as political any promoted content by US news outlets with direct ties to political groups and ban them from the News tab  —  Facebook is rolling out a new policy that will prevent U.S. news publishers with “direct, meaningful ties” to political groups …
New York Times:
A case study of a story about Bible burning in Portland, covered by RT and its Ruptly video service, then amplified by US right-wing media and politicians  —  WASHINGTON — For some of President Trump's loudest cheerleaders, it was a story too good to check out: Black Lives Matters protesters in Portland …
Isaac Stanley-Becker / Washington Post:
Researchers find network of 178 hyperpartisan low-quality news sites whose underlying purpose is to collect and sell email addresses and other personal info  —  The reality curated by “The Bearded Patriot” and “The Wolf of Washington” is dismal.  —  The websites tell of nonstop riots and “crazed leftists.”
Rachael Myrow / KQED:
California public radio station KQED announces layoffs of 20 staff to help address a projected $7.1M budget gap, blaming a sharp corporate sponsorship decline  —  KQED announced Monday it is laying off 20 staff members, representing 5.5% of its workforce, while a handful of other employees had their hours reduced.
Bloomberg:
CuriosityStream, a streaming service for documentaries on science and history, has agreed to go public through a ~$330M merger with Software Acquisition Group  —  CuriosityStream, a streaming platform for documentaries on science, history and other topics, has agreed to go public through …
Reid Nakamura / The Wrap:
The anti-Trump episode of Black-ish that was canned by ABC in 2018 and led its creator Kenya Barris to sign with Netflix finally debuts on Hulu  —  The canned episode of “Black-ish” that led to a dispute between Disney and creator Kenya Barris, and Barris eventually decamping for a new deal at Netflix …
Hollywood Reporter:
As part of WarnerMedia's layoffs, most of the staff of the streaming service DC Universe have been laid off, as well as top execs and editors of DC Comics  —  The majority of staff of the streaming service DC Universe has been laid off, as has editor-in-chief Bob Harras and multiple other executives on the publishing side.
Frank Blethen / The Seattle Times:
Seattle Times publisher endorses initiatives to help local news and local ownership in WA, where 84% of the top 50 regional metro papers aren't locally owned  —  Dear Reader, This week is The Seattle Times' 124th birthday.  To my knowledge, we are now the second-oldest regional newspaper in the country with local stewardship.
 
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 More News: 
Sarah Sluis / AdExchanger:
Meredith debuts Data Studio, a service that licenses its first-party data to brands, available separately from its advertising business
Munsif Vengattil / Reuters:
Tencent Music reports Q2 net income of $135M, up 1.4% YoY, on revenue of $997M, up 18% YoY; paid users rose 52% YoY to 47.1M
Discussion: Tencent Music and TechCrunch
Sara Fischer / Axios:
NYT is researching launching a standalone subscription for Wirecutter, akin to existing ones for Cooking and Crosswords
Brian Schwartz / CNBC:
Bill O'Reilly's lawyer says O'Reilly is in final negotiations to host a show in the fall on NY radio station 77 WABC, owned by Trump ally John Catsimatidis
 Earlier Picks: 
Wendy Lee / Los Angeles Times:
TikTok announces first round of recipients of its $200M US creator fund, composed of 19 creators, 6 in LA; source: at least one will receive six figures
Lesley Goldberg / Hollywood Reporter:
Disney changes name of 20th Century Fox Television to 20th Television and Fox 21 TV Studios to Touchstone Television
Juli Clover / MacRumors:
In iOS 14, Apple News+ publishers' web links are opened in the Apple News app by default for Apple News+ subscribers, though this feature can be turned off