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3:55 PM ET, July 22, 2022

Mediagazer

 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.
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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.
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 …
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
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.
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
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 …
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 …
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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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 …
 
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 More News: 
AJ Vicens / CyberScoop:
Ukraine says hackers attacked TAVR Media, which operates nine radio stations, to broadcast a fake message that President Zelenskyy was in critical condition
 Earlier Picks: 
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
 

 
From Techmeme:

Andy Greenberg / Wired:
Cisco details a hacking campaign that penetrated multiple governments' networks using two zero-day flaws in its VPN and firewall Adaptive Security Appliances

Cheng Ting-Fang / Nikkei Asia:
TSMC unveils a new chip manufacturing technology called A16, and says the company plans to start producing its ultra-advanced 1.6nm chips by 2026

Ben Glickman / Wall Street Journal:
The US awards Micron up to $6.1B under the CHIPS Act, to support an up to $125B investment to build a “megafab” in New York and Idaho over the next 20 years
 
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