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10:15 AM ET, July 29, 2022


 Top News: 
Casey Newton / Platformer:
Adam Mosseri says Instagram will roll back some recent changes after a week of mounting criticism, including temporarily reducing the number of recommendations  —  Say goodbye to the full-screen feed, and at least some of those recommendations — for now.  Adam Mosseri explains why
Sara Fischer / Axios:
Sources: Meta begins telling its ~50 US news partners that the company will not renew its three-year deals from 2019 to pay for content in Facebook's News Tab  —  Meta on Tuesday began telling its news partners in the U.S. that the company no longer plans to pay publishers for their content …
Brian Welk / The Wrap:
The HFPA plans to sell the Golden Globes to CEO Todd Boehly's Eldridge Industries, which will create a company to manage the assets; the charities stay separate  —  The Hollywood Foreign Press Association has shed its non-profit status and agreed to sell the Golden Globes …
Kate Aurthur / Variety:
Over 400 TV creators and showrunners demand that Netflix, Disney, WBD, NBCU, Apple, and others publish policies to protect employees in abortion-banning states  —  On Thursday morning, a collective of more than 400 television creators and showrunners sent a letter to top-level executives at Netflix …
Todd Spangler / Variety:
Roku misses with Q2 revenue up 18% YoY to $764M, vs. $805.2M est., 200M fewer streaming hours at 20.7B, and 1.8M active accounts added to 63.1M; stock down 25%+  —  Roku fell short of Wall Street financial forecasts for the second quarter — and the streaming platform saw the number of hours streamed by customers drop from Q1.
Alex Sherman / CNBC:
NBCUniversal reports Q2 revenue up 18.7% YoY to $9.4B and adjusted EBITDA up 19.5% YoY to $1.9B; Peacock lost $467M as its subscribers stayed flat QoQ at 13M  —  - Comcast's broadband subscribers were flat at 32.2 million for the quarter.  The company said it lost 30,000 this month alone.
Kif Leswing / CNBC:
Apple reports Services revenue grew 12% YoY to $19.6B in Q3 2022 and 860M paying subscribers globally across all its services, up from 825M in Q2 2022  —  - Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations for sales and profit but showed slowing growth for the iPhone maker.
Jonathan M. Katz / The Racket:
A writer details how a podcast plagiarized his work, a widespread issue as demand for podcast content exceeds the amount of original reporting by journalists  —  A podcast I'd never heard of before stole my work.  I'm not alone.  —  A year ago, after half a decade of original research …
Sarah Blaskey / Miami Herald:
How Florida Power & Light bankrolled and controlled the Capitolist, which portrayed itself as a feisty independent outlet, to bash Florida Power & Light critics  —  When Florida Power & Light faced a spate of bad publicity and political blowback, a small but ambitious news website called …
Sarah Perez / TechCrunch:
YouTube rolls out a new tool that lets creators select up to 60 seconds of any video they posted and turn it into Shorts content, available on Android and iOS  —  YouTube wants to quickly ramp up the number of short-form “Shorts” videos available on its platform in order to better compete with TikTok.
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 More News: 
Nathan Grayson / Washington Post:
As inflation rises and a recession looms, some Twitch streamers in the US are losing promotional deals, forcing them to rely on meager earnings from the service
Annie Palmer / CNBC:
Amazon reports Q2 advertising services revenue grew 18% YoY to $8.76B, vs. $8.65B est., and subscription services grew 10% YoY to $8.72B
 Earlier Picks: 
Paul Sawers / TechCrunch:
Filing: Spotify bought Findaway for €117M, Sonantic for €91M, and Chartable and Podsights for €83M, with a possible extra payment of €21M
Discussion: Variety
Laura Hazard Owen / Nieman Lab:
Institute for Nonprofit News: 65% of US nonprofit news site launches in 2021 were local; foundations remain the largest funding source for most outlets surveyed
Discussion: Poynter
Salvador Rodriguez / Wall Street Journal:
Meta reports its first-ever YoY quarterly revenue decline and issues a lowered Q3 forecast, citing a weak ad demand environment and macroeconomic uncertainty
Abner Li / 9to5Google:
Google delays phasing out third-party cookies in Chrome to H2 2024, after deferring the plan from 2022 to 2023, citing the need for more Privacy Sandbox tests