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5:44 PM ET, August 5, 2021

Mediagazer

 Top News: 
Katie Robertson / New York Times:
Texas Tribune names Sewell Chan as its editor-in-chief, starting October 18; Chan currently oversees the LA Times' editorial board and opinion section  —  Mr. Chan, who became The Times's editorial page editor last year, will be the editor in chief of The Texas Tribune starting Oct. 18.
Gilad Edelman / Wired:
Mozilla's analysis says Facebook's justifications for cutting off access to researchers running NYU's Ad Observatory project “simply do not hold water”  —  The company says privacy concerns forced it to block access for a team of academics.  Whose privacy, exactly?
Lucas Shaw / Bloomberg:
South Park creators Trey Stone and Matt Parker sign a six-year, $900M+ deal with ViacomCBS for 14 spinoff movies for Paramount+ and episodes for Comedy Central  —  The expanding ‘South Park’ universe will include new movies for Paramount+  —  The creators of “South Park” …
RELATED:
Brian Steinberg / Variety:
ViacomCBS Q2: net income of $1.04B on $6.6B revenue; 6.5M new streaming subscribers for 42M total; new deal with Sky will bring Paramount+ to Europe in 2022  —  ViacomCBS said second quarter profit rose as advertisers spent more robustly on its media assets and the company saw new revenue from a host of streaming initiatives.
Michael M. Grynbaum / @grynbaum:
[Thread] Memo from CNN's Jeff Zucker: the company has fired three employees in the last week who had been coming into the office unvaccinated  —  CNN terminated “three employees who were coming to the office unvaccinated,” per memo from Jeff Zucker. “We have a zero-tolerance policy on this.”
Michael M. Grynbaum / New York Times:
Sources: CNN execs floated the idea of a temporary leave for Chris Cuomo in May if he wanted to formally advise his brother on reacting to sex harassment claims  —  Chris Cuomo, the top-rated host, left some colleagues confused after he did not acknowledge the calls for Gov. Andrew Cuomo's resignation during his Tuesday show.
RELATED:
Alex Sherman / CNBC:   Sources: Jeff Zucker is staying at WarnerMedia at least until the merger with Discovery closes
Dade Hayes / Deadline:
Lionsgate Q1 revenue rose to $901.2M, up 11% YoY and in line with expectations; global subscriber levels totaled 28.9M, down from 29.5M the prior quarter  —  Lionsgate reported results that hurdled the expectations bar, but reflected a quarter-to-quarter slowdown at Starz.
Sarah Scire / Nieman Lab:
Jay Rosen's Membership Puzzle Project is ending; a key takeaway is that membership is no panacea, as most sustainable outlets have multiple revenue sources  —  The public research project analyzed membership projects worldwide.  They found successful communities were fixated on learning what their members value.
StreetInsider.com:
Penn National Gaming, which owns Barstool Sports, is buying betting and media company theScore for approximately $2B in cash and stock  —  Penn National Gaming, Inc. (Nasdaq: PENN) (and Score Media and Gaming, Inc. (Nasdaq: SCR) announced today that they have entered into a definitive agreement …
Mark Stenberg / Adweek:
Bloomberg Media and Ebony announce a year-long content-sharing collaboration to cross-pollinate the Bloomberg Equality and Ebony audiences  —  Bloomberg Media and Ebony are teaming up to make Black stories more visible.  The two publishers announced a year-long content-sharing collaboration …
Discussion: Talking Biz News
Naman Ramachandran / Variety:
Ofcom study: Netflix's UK customer base is now bigger than the total of all UK pay-TV subs; UK has 31M subscribers to streaming services, up from 20M in 2019  —  Some 52% of U.K. households have a Netflix subscription and 29 of the top 30 shows on subscription services in the first quarter …
The Information:
Source: Hello Sunshine, which sold at a valuation of $900M, is expected to reach $125M in revenue this year and generated $65M last year  —  Since a Blackstone-led group agreed to buy Hello Sunshine at a valuation of $900 million this week, there's been lots of talk about the rich prices Hollywood studios …
Discussion: @jtoonkel
 
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 More News: 
Matt Skibinski / NewsGuard:
NewsGuard/Comscore on digital ad spending: $2.6B goes to “misinformation” sites globally each year; for every $2.16 sent to US newspapers, misinfo sites get $1
Reuters:
Thomson Reuters beats expectations with Q2 operating profit of $316M, down 14% YoY, on revenue of $1.53B, up 9% YoY; Reuters News' sales rose 6% YoY to $168M
 Earlier Picks: 
Tim Baysinger / The Wrap:
Fox Corp. reports Q4 revenue of $2.89B, with affiliate revenue up 10%, ad revenue in its TV segment up 51%, and cable ad revenue up 17% in the quarter
Oskar Serrander / Acast:
Podcast network Acast says 14M Americans listen to its shows per month, it's home to 28K shows total, of which 25% are US-based, and it's paid $110M to creators
Edmund Lee / New York Times:
NYT beats Q2 expectations with $93M adjusted operating profit on $499M revenue; 8M subscribers, 142K new digital subscribers; online revenue up 41% YoY to $261M
 

 
From Techmeme:

Lauren Feiner / The Verge:
The House passes a TikTok divestiture bill with a longer sale deadline as part of a package of Ukraine/Israel aid bills, pressuring the Senate to vote on TikTok

Jameson Dow / Electrek:
Tesla cuts the price of its Full Self-Driving software to $8K from $12K in the US, following a price cut from $15K to $12K in September 2023

Gaby Del Valle / The Verge:
President Biden signs the bill reauthorizing FISA's Section 702, extending the controversial warrantless surveillance program through 2026

 
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