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:
The Wrap, Wall Street Journal, Stock Quest, Billboard, Al Jazeera, Forbes, @lanceulanoff, @tunguz, CNET, @twitterir, Quartz, Axios and The Hollywood Reporter, more at Techmeme »
RELATED:
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:
Variety, New York Post, Adweek, iPhone in Canada Blog, MediaPost, Fortune, @jeffjarvis, TechCrunch 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, @schwarz, The Atlantic, @jamessurowiecki, @sevaut, @blackamazon, @stevenacook, @brosandprose, @nelson, @misfittorah, @margoandhow, @ronhogan, @parkermolloy and bookforum.com
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
Erin Taylor / Observer:
MEL Magazine lays off all its staff again; it closed in March 2021 after Dollar Shave Club pulled support, then was revived in August 2021 by Recurrent Ventures — Mel Magazine lays off its entire staff, bringing into question the future of the publication yet again. — MEL Magazine is folding, again.
Discussion:
Adweek, @girly_juice, @erinisaway and @iamandyholt
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 and @neilhimself
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.
Discussion:
@nandoodles, @pressgazette, @pressgazette, @pressgazette, @pressgazette, @tysonbrody, @pressgazette, Columbia Journalism Review, @patrickcotnoir, @grahambrookie, @mrddmia, @mrddmia, @stopfundinghate, @mrddmia, @checkmyadshq, @jljacobson, @moonalice, @pressgazette, @pressgazette, @emilybell and @pressgazette
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
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 …
Discussion:
Agence France-Presse and @juanpappierhrw
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.
RELATED:
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
Senior Data Journalist, NY — 
Manager - Publishing Editorial, Manila — 
Oil Reporter, Singapore — 
Newsperson - State Govt. & Politics, CA — 
Business Reporter, SC — 
State Government Reporter, WA — 
Climate Crisis Columnist — 
Multimedia Journalist, CA — 
Community Engagement Mgr., DC — 
Senior California Politics Reporter, CA — 
Staff Writer - Business, NY — 
Team Editor - Opinion, ON — 
Assistant Correspondent, DC — 
Climate & Weather Reporter, MN — 
Senior Tech Editor, Remote US — 
Lead Business Reporter, TN — 
Managing Editor, WA — 
Private Credit Reporter, NY — 
Trending News Reporter, TX — 
City Correspondent, London — 
Legislative Reporter, CA — 
Reporter, PA — 
Visual Editor, Remote — 
Staff Writer, MI — 
Senior Political Reporter, DC — 
California Playbook Writer, CA — 
National Investigative Reporter, NY — 
Business & Gaming Reporter, NV — 
Coastal Climate Reporter, SC — 
Environment & Energy Reporter, CT — 
Coordinating Editor, OR — 
Editor, Remote US — 
Business Reporter, WA — 
Editor-in-Chief, AZ — 
