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9:55 AM ET, July 23, 2021

Mediagazer

 Top News: 
Ingrid Lunden / TechCrunch:
Taboola says it is buying retail- and e-commerce-focused ad network Connexity for $800M in cash and stock  —  Taboola, the company that operates a popular grid-based advertising and content recommendation network across media properties, today announced an acquisition to expand its reach further …
Chris Krewson / LION Publishers:
As local newspapers like Chicago Tribune die, digital ecosystems that unbundle legacy newsrooms have the potential to truly reflect and serve their communities  —  Digital newsrooms are having a moment — but they're not “replacing” something.  They're creating something new, which could do much more.
Matthew Gault / VICE:
Old stories on news sites including WaPo are displaying embedded porn videos after the domain for the defunct video service Vidme was bought by a porn company  —  Stories on major news sites like ‘The Washington Post,’ and ‘New York Magazine’ currently have porn embedded in them.
Los Angeles Times:
LA Times names Shani Hilton to a newly created role, managing editor for new initiatives; she'll oversee podcasts and video and foster newsroom experimentation  —  Shani Hilton has been appointed to the newly created role of managing editor for new initiatives at the Los Angeles Times, effective immediately.
Oliver Darcy / CNN:
WaPo reporter Felicia Sonmez sues WaPo, Marty Baron, and other editors, claiming she faced discrimination after disclosing she was a sexual assault victim  —  New York (CNN Business)A reporter at The Washington Post filed a lawsuit Thursday against the newspaper, its former top editor …
Tiffany Hsu / New York Times:
How companies have updated their Olympics ad campaign strategies over the last year, including United, which won't advertise on linear TV  —  Companies have spent more than $1 billion on ads timed to the Tokyo Games, which will take place in empty arenas as the pandemic lingers.
Sara Guaglione / Digiday:
Future PLC, which owns Tom's Guide, Marie Claire, and more, says it drove nearly $1B in e-commerce revenue for its affiliate partners in 2020  —  Future PLC's 2020 e-commerce business boom has carried over into 2021.  —  The U.K. media company — which owns brands like Tom's Guide …
Discussion: @sarahmarshall
Todd Spangler / Variety:
AT&T Q2: HBO Max and HBO have 67.5M subscribers, up 12M YoY; HBO Max subscription revenue grew 39% YoY to $2B; WarnerMedia income fell 11.3% YoY to $1.7B  —  For the second quarter of 2021, the company reported a net gain of 2.8 million total domestic HBO Max and HBO subscribers …
RELATED:
Cynthia Littleton / Variety:
Jason Kilar says Warner Bros. will produce at least 10 movies exclusively for HBO Max in 2022
Kate Kaye / Digiday:
After a delay, Facebook says it is starting a brand safety audit by industry body MRC, set to complete by the end of 2021; Twitter has started the audit process  —  Pressure from President Joe Biden, regulators and advertisers is building on tech platforms to do more to mitigate extremist, violent and illegal content on their sites.
Discussion: @katekayereports and Twitter
Mike Juang / Ad Age:
NBCU is adopting the Ad-ID identifier, which helps reduce ad repetition and separate competitors' ads by assigning a trackable code to each ad  —  Collaboration between 4A's and ANA expands on existing work on broadcaster's Peacock streaming service  —  NBCUniversal is looking to clean …
Discussion: MediaPost, FierceVideo, Beet.TV and Adweek
Salvador Rodriguez / CNBC:
Snap Q2: revenue of $982M, up 116% YoY, DAUs up 23% YoY to 293M, and net loss shrunk 53% YoY to $152M; stock is up 13%+ after hours  —  - Snap on Thursday reported its second-quarter earnings, beating expectations across the board for earnings, revenue and user growth.
Benjamin Mullin / Wall Street Journal:
Former CBS CEO Joe Ianniello has launched a SPAC, called Argus, and hopes to raise $300M+ to pursue an acquisition in media, telecommunications, or technology  —  SPAC, dubbed Argus, hopes to raise at least $300 million and is hunting for an acquisition in media, telecom or technology
 
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 More News: 
Jordan Novet / CNBC:
Twitter beats with Q2 revenue of $1.19B, up 74% YoY, vs $1.07B est., ad revenue of $1.05B, up 87% YoY, and mDAUs of 206M, up 11% YoY; stock is up 8%+
 Earlier Picks: 
Adi Robertson / The Verge:
The Biden administration's promise to “review” Section 230 in response to anti-vax posts on Facebook will fail since being wrong online is protected speech
Kat Stoeffel / Bustle:
Profile of Call Her Daddy podcast host Alex Cooper, who left Barstool Sports for an exclusive Spotify deal that reportedly pays $60M over three years
Ashley Carman / The Verge:
Clubhouse is no longer invite-only as it exits beta and says the 10M people on its waitlist will be added to the app over time