Top News:
Josh Eidelson / Bloomberg:
Unionized Thomson Reuters journalists in the US plan a 24-hour strike starting at 6am ET on August 4, the first walkout in decades, over pay raises — Thomson Reuters Corp. journalists in the US are preparing to launch a daylong strike Thursday, the first walkout in decades among the media company's long-unionized staff.
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Jacob Liedke / Pew Research Center:
Survey: 16% of US journalists are in a union and 41% say they would join one if it were available; 57% of those age 18-29 would join vs. 33% of those 50-64 — At a time when newsrooms in the United States are seeing a wave of unionization, around one-in-six U.S. journalists at news organizations report …
Discussion:
@pewjournalism and @johngramlich
Kenneth Li / Reuters:
Thomson Reuters reports Q2 revenue rose 5% YoY to $1.61B and operating profit rose 24% YoY to $391M — News and information company Thomson Reuters Corp (TRI.TO) reported higher second-quarter operating profit on Thursday and raised its full year revenue forecast.
Discussion:
Talking Biz News, Axios, @newspaperworld and @davegregorio80
The Wrap:
Sources: WBD CEO David Zaslav plans to announce a combined HBO Max and Discovery+ streaming service on August 4; 70% of HBO Max's development unit could be cut — Hollywood is buzzing around Warner Bros. Discovery's upcoming earnings results and plans for a combined streaming service, which can upend its most popular streamer
Discussion:
Variety, @culturecrave, Deadline, Fast Company, Deadline, Vulture, @enthusiamy, @tvgrimreaper, Digital TV Europe, @fordm, @coreydeshon, @cinemaniac94, @kaludiasays, @pleasedtomeetya, The A.V. Club, @alex_abads, @thewrap, @lucas_shaw, @dsmithweb, @nash076, @joshsternberg, @ashleyesqueda, @markharrisnyc, Next TV, @gerberkawasaki, Boing Boing, @variety, @bendreyfuss, @avishaiw, @tinch, @bradmiska, Fortune, Mediaite, Looper, The Desk, Observer, ScreenRant, UPROXX, SlashFilm, The Playlist, Insider, @adambvary and Vanity Fair
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Todd Spangler / Variety:
Warner Bros. Discovery has been quietly culling HBO Max content, including at least six Warner Bros. films and the House Party reboot, in apparent cost cutting — Warner Bros. Discovery has been quietly culling content from HBO Max — including several Warner Bros. movies that were exclusively streaming …
Discussion:
IndieWire, The Streamable, The Wrap, SlashFilm, Forbes, CNET, @variety, @jfrankensteiner, I Like To Watch, The Playlist, Millennial Pink, @dansolomon, @2minutetimelord, @jimmychampane, @culturecrave, @theericgoldman, @theashleyray, ScreenRant, @kevinpanetta, Looper, @tvgrimreaper, @patrickcotnoir, Too Much TV Newsletter, @coopercooperco, @williambibbiani, @lindaholmes, TV Insider, The Hot Button, The A.V. Club, UPROXX, The Guardian, Vanity Fair, Decider, SlashFilm, The Verge and The Streamable
Adam B. Vary / Variety:
Warner Bros. Discovery kills Batgirl and Scoob!: Holiday Haunt movies both for HBO Max and for theaters; Batgirl had a $90M budget; sources: Scoob! cost $40M
Discussion:
Rolling Stone, CNET, ScreenRant, New York Post, Vanity Fair, Looper, Collider, The Guardian, Inverse, @jimmychampane, @awestruckvox, @seanfennessey, Mashable, @krolljvar, @xzyliac, Chicago Sun-Times, Animation Magazine, Associated Press, Well, Isn't This Great? …, Desafiador do Desconhecido, NPR, Us Weekly, @markharrisnyc, @seitz_unseen, Boing Boing, @bearmccreary, @somebadideas, @greg_jenner, @becketadams, @variety, @xpangler, The Week, Den of Geek, New York Post, The Comeback and al.com
Georg Szalai / The Hollywood Reporter:
Paramount reports nearly 64M global streaming subscribers in Q2, up from 62M in Q1, and 43M+ Paramount+ subscribers, up from 39.6M in Q1 — The company, led by CEO Bob Bakish, also grew monthly active users for its advertising-supported streamer Pluto TV. — Paramount Global added global …
Discussion:
Variety, Adweek, TechCrunch, The Streamable, UPROXX, @adrianweckler, Deadline, @tvgrimreaper, @thr and @thr
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The Wrap:
Paramount reports Q2 revenue rose 19% YoY to $7.7B, while operating income fell 33% YoY to $819M, and says Pluto TV has nearly 70M MAUs — Paramount Global on Thursday beat analyst revenue expectations for its 2022 second quarter earnings, thanks largely in part to the humongous, $1 billion+ performance of “Top Gun: Maverick.”
Wall Street Journal:
A look at Netflix's scramble to build an ad business as its subscriber growth lags; sources say Reed Hastings suggested Netflix could charge $80 per 1,000 views — Reed Hastings insisted on focusing on subscriptions until competitors started nibbling away at his business model
Discussion:
Newslit Daily, @valuetom84, @benmullin, @bysarahkrouse, @asharma, @mediainsider, @astaniscia86, @carlquintanilla and Insider, more at Techmeme »
Natalie Musumeci / Insider:
Alex Jones' trial reveals that Infowars made as much as $800K per day in 2018, and that the fake news site made $70M in revenue in its most recent fiscal year — - An attorney for Sandy parents said Alex Jones' defense attorney “messed up” and sent him a digital copy of Jones' cell phone.
Discussion:
@oneunderscore__, NBC News, @willsommer, New York Times, @bgrueskin, Reason, Morning Shots, The Mourning, @jeffjarvis, @atrachelgilmore, @egavactip, @dansolomon, @reallorraine, @gideonrachman, @dansolomon, @elise_jordan, @cameronwilson, @froomkin, Law & Crime, @zeynep, @maitlis, @janusrose, @nandoodles, @oneunderscore__, @annamerlan, @darbyscastle, @stevesilberman, @randfish, @hasanthehun, @maxapotter, @jenmercieca, @oneunderscore__, @emptywheel, @emptywheel, @realkellyjones, @popehat, @insidernews, Forbes, Associated Press, VICE, @thetweetofjohn and Deadline
Elias Leight / Billboard:
SoundCloud cuts its global workforce by ~20% “due to a significant company transformation and the challenging economic and financial environment” — CEO Michael Weissman announced the cuts in an email, blaming them on “the challenging economic climate and financial market headwinds.”
Discussion:
TechCrunch, Complete Music Update, Music Ally, Insider, Engadget, @itsdaveedwards and Variety
USA Today:
Gannett reports Q2 revenue of $748.7M, down 6.9% YoY, and a net loss of $53.7M, says digital-only paid subscribers rose 35% YoY to 1.87M, and plans staff cuts — Bailey Schulz Swapna Venugopal RamaswamyUSA TODAY — Gannett, owner of USA TODAY and local news operations in 45 states …
Discussion:
@npenzenstadler, Gannett, @jgrzelewski, @hilton_annmarie, @matttraub and @tednesi
Taylor Lorenz / Washington Post:
Interviews with over two dozen Triller creators and others: the TikTok rival missed payments after promising Black creators $4K per month, half paid in equity — Triller made its name recruiting talent with lavish perks. Now, dozens of influencers are struggling to get paid.
Discussion:
@taylorlorenz, @kattenbarge, @caseynewton, @alexrkonrad, @washingtonpost, Protocol, @isaachayes3, @theericklouis, @rachelmetz, @taylorlorenz, @blackleftaf, @adhutchinson, @taylorlorenz, @franklinleonard, @robnashville, @kelsaywhat, @reesha, @blackamazon, @godisrivera, @taylorlorenz, @dwhate, @sneakerphetish, @taylorlorenz, @andrejgee, @moisesfenty and @taylorlorenz, more at Techmeme »
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