Mediagazer: Ofcom: Instagram becomes UK teens' most popular news source, used by 29%; 28% use TikTok and YouTube and 24% use BBC One and Two, down from 45% five years ago (Naman Ramachandran/Variety)

Jon Porter / The Verge:

Facebook splits the Feed on iOS and Android into Home, a TikTok-style tab with recommended content, and Feeds, a chronological tab of followed pages and people — While new Feeds tab will show chronological content from pages you actually follow — Facebook's almighty News Feed is getting split in two... kind of.

Bron Maher / Press Gazette:

NewsGuard, which rates news outlets using multiple criteria for credibility, downgrades Fox News from green, or trustworthy, to red, or “proceed with caution” — Fox News' credibility score has been downgraded to “red” by media watchdog Newsguard, meaning it “fails to adhere to several basic journalistic standards”.

Discussion: @nandoodles, @checkmyadshq, @moonalice, @pressgazette and @pressgazette

Todd Spangler / Variety:

Netflix VP of Product Todd Yellin, who has worked at the company for almost 17 years, is leaving in September 2022 to pursue potential film and TV projects — Netflix veteran Todd Yellin, who has led the streamer's product teams spanning functions from user interface to pricing, is leaving the company.

Discussion: @richlightshed, @jank0, @xpangler and The Hollywood Reporter

Sara Guaglione / Digiday:

Publishers that make money via affiliate marketing, including Hearst, Leaf Group, Future, Reviewed, and Wirecutter, say they saw record Amazon Prime Day sales — Despite unstable macroeconomic conditions and historic inflation in the U.S., many publishers had record Amazon's Prime …

Discussion: @digiday, @dcnorg and @simonowens

Dave Jamieson / HuffPost:

The Atlantic's tech and business workers tell management they plan to form a union with ~130 people in jobs like data analysis, software engineering, and sales — Workers are following in the footsteps of their editorial counterparts and asking the media company to recognize the union and bargain a contract.

Discussion: @atlbiztechunion, @beep, @newsroomdev, @benschwartz710, @fhill_official, @atlbiztechunion, @ashleyfeinberg and nyguild.org

Brian Morrissey / The Rebooting:

How Industry Dive, which has 26 publications in 23 industry segments and $100M+ in revenue, became profitable, by embracing ads, making smart bets, and more — Riches in niches — Publishing is often treated as a monolith, but there are many types of publishers with different business models.

Discussion: @nataliegilmor, @simonowens, @seangriffey, @christopherwink, @freightalley and @ryanwillumson

Dylan Smith / Digital Music News:

Warner Music Group becomes the first major label to adopt SoundCloud's user-centric payouts based upon listening instead of Spotify and others' pro rata model — About three months after celebrating the anniversary of its fan-powered royalty model, SoundCloud has officially inked a global licensing deal with Warner Music Group.

Discussion: Axios, Engadget, The Verge, Complete Music Update, TechCrunch, @kerrymflynn and Music Ally

Naman Ramachandran / Variety:

Ofcom: Instagram becomes UK teens' most popular news source, used by 29%; 28% use TikTok and YouTube and 24% use BBC One and Two, down from 45% five years ago — Instagram, TikTok and YouTube are now the preferred mode of news consumption for British teenagers, a report by U.K. media regulator Ofcom has found.

Discussion: Press Gazette, The Guardian, 9to5Mac, Reuters, Mashable, Times of India and The Independent, more at Techmeme »

Jim Waterson / The Guardian:

The BBC agrees to pay damages to a former nanny for false allegations she had an affair with Prince Charles, used to get the Princess Diana Panorama interview — False claims that Tiggy Legge-Bourke had affair with Prince Charles ‘were likely spread to help secure exclusive’

Discussion: Press Gazette, New York Times, New York Post, CBS News, @cspencer1508 and Variety

Benoit Berthelot / Bloomberg:

A profile of Vincent Bolloré, dubbed the “French Murdoch”, whose €20B conglomerate controls Vivendi, which owns Canal+, TV channel CNews, and publisher Hachette — The seven-part 2019 American television series “The Loudest Voice” on Roger Ailes …

Discussion: @bbgneweconomy

Christine Hall / TechCrunch:

Whatnot, a livestreaming shopping service for buying and selling collectibles, has raised a $260M Series D at a $3.7B valuation, up from $1.5B in September 2021 — Livestream shopping in the United States has a ways to go to catch up with China's booming $600 billion industry …

Discussion: @esports_josh and @jeffchang30, more at Techmeme »

Ryan Barwick / Marketing Brew:

Research: Reddit's brand-safety approach to monetization is cautious, labeling all subreddits as no_ads until a manual human review applies some_ads or all_ads — New research may pull back the curtain on Reddit's seemingly inconsistent approach to monetizing its communities.