Top News:
Annie Palmer / CNBC:
Twitter reports Q2 revenue down 1% YoY to $1.18B, vs. 1.32B est., a $270M net loss, down from $66M in net income a year ago, and 237.8M mDAUs, up 16.6% YoY — - Twitter reported earnings for the second quarter on Friday that missed analyst estimates on earnings, revenue and user growth.
Discussion:
Variety, The Wrap, Wall Street Journal, Billboard, Stock Quest, Al Jazeera, Quartz, CNET, Forbes, @lanceulanoff, @twitterir, Axios and The Hollywood Reporter, more at Techmeme »
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Jacob Kastrenakes / The Verge:
Twitter says Q2 ad revenue grew 2% YoY to $1.08B and blames its revenue slide on uncertainty around Elon Musk's “pending acquisition” and ad industry problems — Musk is creating ‘uncertainty’ for advertisers — Twitter would have earned more money over the past few months if Elon Musk hadn't been in the picture.
Discussion:
Adweek, MediaPost, iPhone in Canada Blog, TechCrunch, Fortune, New York Post and Deadline, more at Techmeme »
Parker Molloy / The Present Age:
The New Yorker's Isaac Chotiner provides the blueprint for covering claims of “cancel culture” by inserting in-line fact checks in his Q&A with Alan Dershowitz — If such coverage must exist, it's time to go beyond the single-source story newspapers seem to have adopted …
Discussion:
@ichotiner, New Yorker, The Atlantic, @stevenacook, @brosandprose, @jamessurowiecki, @nelson, @sevaut, @blackamazon, @misfittorah, @margoandhow, @ronhogan, @parkermolloy, bookforum.com and The Wrap
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” — Update, 22/7/22: Newsguard has now revised down the scores for both Fox News and rival liberal network MSNBC.
Justin Baragona / The Daily Beast:
Verizon Fios, the largest pay TV service still carrying far-right channel OANN, will drop it on July 31, 2022, after a “business-as-usual carriage negotiation” — Verizon announced on Thursday that One America News will be removed from its channel lineup on July 31 …
Aaron Couch / The Hollywood Reporter:
A look at the Special Character Agreements that Marvel has with the creators of comic book characters, which give Marvel broad discretion to lower payments — Writers and artists who create characters that power the Marvel Cinematic Universe say the company offers a labyrinthine compensation system that underpays them.
Discussion:
@aaroncouch, @borys_kit, @pocculture, @michellemanafy, @simonowens, @evilgalprods, @jameshunt, @_zeets, Não Sei Desenhar, @b1gg3r_m00n, @neilhimself and SlashFilm
Esther Kezia Thorpe / Digital Content Next:
Co-founders of podcast platform Acast are working on an a la carte model to buy podcast episodes and eventually news stories, priced higher than micropayments — Most media monetization models are reliant on two sources: advertising or consumers paying. With advertising rates tethered …
Thanks:@estherkeziat
Antony Sguazzin / Bloomberg:
RT is developing an English-language Africa hub in South Africa, which will be headed by Paula Siler, who formerly ran its Jerusalem bureau — RT, the Kremlin-backed TV network formerly called Russia Today, is setting up its first Africa bureau as President Vladimir Putin seeks to entrench support …
Discussion:
@bloombergafrica and @xsovietnews
Jonathan Vanian / CNBC:
Snap Q2: revenue up 13% YoY to $1.11B, vs. $1.14B est., DAUs up 18% to 347M, vs. 344.2M est., a $422M net loss, up from $152M YoY; stock falls 25%+ after hours — - Snap missed on the top and bottom lines in its second-quarter earnings report. — The company authorized a stock repurchasing program of up to $500 million.
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Theo Schear / Nieman Lab:
Channel 5 News, a “part parody, part camouflage” brand with 1.94M YouTube subscribers, offers news for the disengaged by recording people's reactions to events — “People who don't watch the news watch me. People who watch the news don't watch me."
Discussion:
@simonowens and @risj_oxford
Gabriela Selser / Associated Press:
La Prensa, a major Nicaraguan newspaper, says staffers have been forced to leave the country after authorities arrested two of its reporters earlier in July — MEXICO CITY (AP) — One of Nicaragua's leading national newspapers announced Thursday on its website that its staff had been forced …
Discussion:
Agence France-Presse and @juanpappierhrw
Sara Fischer / Axios:
Sources: CNN CEO Chris Licht met with Nancy Pelosi, Mitch McConnell, and a few other senior congressional leaders to strengthen CNN's ties with key lawmakers — CNN CEO Chris Licht met with a handful of senior Congressional leaders from both sides of the aisle on Capitol Hill Tuesday …
Discussion:
@sarafischer, @sarafischer, @blackamazon, @keitholbermann, @mlcalderone, @jayrosen_nyu, @henryrodgersdc and @andrewcfollett
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.
Discussion:
Axios, @pierce, Next in Marketing, @brendannyhan, The Muffin por Mauricio …, @b_judah, The Drum, @aaronbearden93, FWIW, The 21 Hats Morning Report, Neowin, Meta, @richlightshed, CNN, @jamespmcleod, @oliverdarcy, @carnage4life, @aria_gerson, @baekdal, @kylewilsontharp, @fidmart85, @jayrosen_nyu, @sarafischer, @jakemhs, @kerrymflynn, @5dollarfeminist, @axios, @jaredlholt, Adweek, Engadget, TechCrunch and Mashable, more at Techmeme »
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