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5:50 PM ET, July 19, 2022


 Top News: 
Sarah Whitten / CNBC:
Netflix reports Q2 revenue up 9% YoY to $7.97B, vs $8.04B est., and a 970K subscriber loss vs an estimated 2M subscriber loss; stock jumps 5%+ after hours  —  Netflix shares jumped 6% after the company said it lost fewer subscribers than anticipated during the second quarter.
Todd Spangler / Variety:
Netflix says it is acquiring Australian animation studio Animal Logic using cash on hand for an undisclosed amount; Animal Logic has about 800 employees  —  Netflix is acquiring Australian animation studio Animal Logic, which is producing films for the streamer including “The Magician's Elephant …
Netflix is borrowing a page from Disney's playbook by building brands that traverse film, TV, games, and consumer products, to counter slowing subscriber growth
Wall Street Journal:
Memo to staff: Meta is reallocating resources from Facebook's News tab and newsletter platform Bulletin, as the company focuses more on the creator economy  —  Senior executive tells employees that News tab and Bulletin newsletter platform will be ‘put on the backburner’
Sara Fischer / Axios:
UK events and publishing company Informa buys Industry Dive, a US business newsletter publisher, for $389M in cash and up to $525M depending on performance  —  Industry Dive, a Washington, D.C.-based business media company, has signed an agreement to be acquired by Informa …
Tatiana Siegel / Rolling Stone:
The aggressive push to release Zack Snyder's Justice League was fueled by fake accounts, comprising at least 13% of users campaigning, above the typical 3%-5%  —  A WarnerMedia report reveals that bots and other inauthentic users bolstered the fan-led campaign for director Zack Snyder's Justice League do-over
Todd Spangler / Variety:
YouTube rolls out new shopping features, including a Shopify partnership to let eligible US creators and merchants link their Shopify store and YouTube channel  —  YouTube already soaks up billions of hours of the world's attention.  Now the video giant also wants to hoover up a bigger piece of consumers' online purchases.
Sara Fischer / Axios:
Charter, an outlet that covers the future of work, raised a $3M seed round to launch a membership-based insights service for HR leaders by the end of the year  —  Charter, the digital media and insights company focused on the future of work, has raised a $3 million seed round to jump-start …
Sara Fischer / Axios:
Bloomberg Media is planning a major international expansion starting this year; it will partner with local outlets in some markets and hire in-house in others  —  Bloomberg Media is planning a major expansion into localized coverage of different regions around the world, CEO Scott Havens told Axios.
Discussion: @sarafischer
New York Times:
Dana Canedy, publisher of Simon & Schuster's flagship imprint, leaves the job after two years; Jonathan Karp will resume being publisher while serving as CEO  —  She was the first Black woman in the position, which she held for two years.  Her hiring came amid a push for diversity in the industry.
Discussion: Publishers Weekly
Ben Kesslen / New York Post:
The Pulitzer Prize Board rejects Trump's call to rescind the 2018 prizes it gave to The New York Times and The Washington Post for the Russian collusion story  —  The Pulitzer Prize Board rejected former President Donald Trump's call for it to rescind the 2018 prizes given to the New York Times …
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 More News: 
Erin Overbey / @erinoverbey:
[Thread] The New Yorker's Erin Overbey details the ways she's been punished through a performance review for speaking up about gender inequality at the outlet
Jim Waterson / The Guardian:
Extinction Rebellion activists smashed the windows of News UK's London offices in protest of the company's coverage of climate change
Ivan Mehta / TechCrunch:
Russia fines Google ~$374M for repeatedly failing to remove “prohibited” news about the war in Ukraine
Ted Johnson / Deadline:
The DOJ declines to prosecute nine staff of The Late Show with Stephen Colbert, who were arrested in June 2022 for unlawful entry of buildings at the US Capitol
 Earlier Picks: 
Etan Vlessing / Hollywood Reporter:
MovieItaly, a streaming service offering 250 classic films from Italy's Minerva Pictures, launches in the US and Canada for $7.99 per month or $67.99 per year
Lucas Shaw / Bloomberg:
Netflix tests charging users in five Latin American countries an extra fee if they use their account for more than two weeks outside of their primary residence
Christopher Palmeri / Bloomberg:
Disney says advertisers bought a record $9B in commitments for 2022 to 2023; ~40% of spending went to its online offerings, including Disney+, Hulu, and ESPN+
Chris Welch / The Verge:
Amazon starts rolling out a Prime Video redesign for Android and connected TV devices, with a Netflix-like look, a top 10 list, a vertical navigation, and more
Alex Weprin / The Hollywood Reporter:
NBC News' Stay Tuned averages 1M views/episode on Snapchat, has 1M+ TikTok followers, and is planning its first documentary in September and a podcast in 2023