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5:25 PM ET, July 12, 2022


 Top News: 
Benjamin Mullin / New York Times:
Medium founder Evan Williams says he is stepping down as CEO, to be replaced by Tony Stubblebine, and plans to start a new holding company and research lab  —  Mr. Williams, the company's founder and a co-founder of Twitter and Blogger, said in a post that he planned to start a new holding company and research lab.
J. Clara Chan / Hollywood Reporter:
Spotify acquires Heardle, describing the music trivia game inspired by Wordle as a “tool for musical discovery”, and plans to keep it as a standalone site  —  The game, which challenges users to identify a song based on short audio clips, will remain free to play for users.
Naman Ramachandran / Variety:
The BBC reports record income of £5.33B, of which £3.8B came from the license fee, and a surplus of £206M for the 2021-2022 period  —  The BBC has declared a record income of £5.33 billion ($6.4 billion) for the 2021/2022 period, up from £5.06 billion last year, and a surplus of £206 billion.
Discussion: Variety and BBC
Sara Fischer / Axios:
Disney and The Trade Desk announce an agreement to let brands target automated ads across Disney properties with data matched on the backend from both companies  —  Disney has reached an agreement with The Trade Desk, a global ad tech company, that makes it possible for brands …
In H1 2022, US cable news viewership fell 19% YoY, news app sessions for the top 12 publishers fell 16% YoY, and visits to the top 5 news sites fell 18% YoY  —  Engagement with news content has plunged during the first half of this year compared to the first half of 2021 and in some cases has fallen below pre-pandemic levels.
David Shepardson / Reuters:
A US court struck down an FCC rule forcing broadcasters to check sponsors' identities, imposed after concerns that foreigners were buying time to air propaganda  —  A U.S. appeals court on Tuesday struck down a Federal Communications Commission (FCC) requirement that broadcasters check federal sources to verify sponsors' identities.
Ben Strauss / Washington Post:
Profile of ESPN's NFL “insider” Adam Schefter, who delivers scoops, has 10M Twitter followers, and buys sources holiday gifts written off as business expenses  —  Even after a string of controversies, Schefter's star is only rising at ESPN.  No pictures, please.  —  Listen
Mark Sweney / The Guardian:
The Evening Standard, which relies on ads for 90% of its revenue, reports revenue of £28M in 2021, down 36% YoY, with a loss of £14M, down from £17M in 2020  —  Evgeny Lebedev's London freesheet reports £14m loss for last year as Covid continues to hit advertising
Discussion: Press Gazette
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 More News: 
Peter White / Deadline:
HBO and HBO Max receive 140 Emmy nominations, while Netflix gets 105, Hulu 58, Apple TV+ 52, Disney+ 34, Amazon 30, and broadcast network TV a new low of 86
 Earlier Picks: 
Georg Szalai / Hollywood Reporter:
French TV group Newen Connect plans a push into English-language content and hires a former BBC Studios executive for its UK and North America sales operations
Discussion: Deadline and TBI Vision
Lucas Shaw / Bloomberg:
Sources: Warner Bros. Discovery is in talks with Amazon about returning HBO Max to Prime Video, if Amazon agrees to terms such as sharing viewer behavior data
Lauren Forristal / TechCrunch:
Pluto TV reorganizes its US channel lineup, adding four channels and categories Game Shows, Daytime TV, Home, Food, and Lifestyle & Culture, to draw in viewers
Discussion: @tvgrimreaper