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7:51 PM ET, August 5, 2021


 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” …
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.”
News Corporation:
News Corp CEO says deals with major tech platforms will add annual revenue “into nine figures” as the company reports Q4 net loss of $15M on revenue of $2.49B  —  Fiscal 2021 Full Year Key Financial Highlights  — Revenues were $9.36 billion, a 4% increase compared to $9.01 billion …
Discussion: Adweek, The Age and Mediaweek
Chris Roush / Talking Biz News:   Dow Jones, the News Corp unit that is parent of WSJ, MarketWatch, and Barron's, reported $69M in profit on $449M revenue in Q4; WSJ subscriptions rose 15% YoY
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.
Alex Sherman / CNBC:   Sources: Jeff Zucker is staying at WarnerMedia at least until the merger with Discovery closes
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 and @pkafka
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.
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  —  An analysis of programmatic advertising data conducted by NewsGuard and Comscore finds that misinformation publishers …
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 …
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
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 More News: 
Frank Pallotta / CNN:
NBC's TV audience for the Olympics is down 45% since the Rio Olympics, with primetime viewership down 51% and averaging 13.5M viewers
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: 
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