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1:15 AM ET, August 9, 2022

Mediagazer

 Top News: 
Benjamin Mullin / New York Times:
Cox Enterprises plans to acquire Axios, sources say for $525M, later in August; Axios expects $100M+ in 2022 revenue and will spin off its software arm Axios HQ  —  The digital media company's founders, Jim VandeHei, Mike Allen and Roy Schwartz, will continue to run the company.
RELATED:
Sara Fischer / Axios:
Jim VandeHei, Mike Allen, and Roy Schwartz plan to stay on Axios' board and maintain control of the company's editorial direction and day-to-day operations  —  Axios has signed a deal to sell to its most recent lead investor, Cox Enterprises, Inc., the companies announced Monday.
Joe Pompeo / Vanity Fair:
An interview with Rachel Maddow on her decision to step back from MSNBC's daily prime time slot after 14 years to focus on a WWII-era podcast and other projects  —  The cable juggernaut signed a multimillion-dollar contract to not be on the air five nights a week.
Cynthia Littleton / Variety:
Hollywood's streaming evangelism seemingly ends, as WBD shelves Batgirl and David Zaslav says costly movies going straight to streaming offers no economic value  —  Five years almost to the day after it began, Hollywood's evangelistic fervor for streaming has been extinguished this week by the “Batgirl” imbroglio.
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Zachary Leeman / Mediaite:
Discussion: Deadline and Fortune
Jack Stebbins / CNBC:
Apptopia: Netflix's games have 23.3M downloads and average 1.7M DAUs, under 1% of Netflix's 221M subscribers; Netflix plans to have 50 games by the end of 2022  —  - Netflix plans to expand its video game catalog from 24 to 50 by year-end, marking a significant investment.
Rick Edmonds / Poynter:
A look at the diverging fortunes of The New York Times and Gannett, as a recent internal memo shows 88% of Gannett's subscription revenue still comes from print  —  Where Gannett has spread itself too thin, the Times has found overwhelming success with its longstanding digital-focused plan
Patrick Coffee / Wall Street Journal:
Lyft forms Lyft Media, a business unit to consolidate and expand its ad offerings, and plans to show more ads in cars, on its app, and at bike-share stations  —  Through its Lyft Media unit, the ride-hailing company plans to offer more ads inside cars, on its app and at bike-share stations
Wall Street Journal:
Gannett, Warner Bros. Discovery, The New York Times, Paramount, and other US media firms have noted a Q2 2022 advertising slowdown and headwinds in Q3 guidance  —  Warner Bros. Discovery, New York Times and Paramount Global warn of pressure on ad revenue  —  U.S. television networks …
Ivan Levingston / Bloomberg:
Some companies are hiring B2B influencers, mostly on LinkedIn, to pitch to other companies; LinkedIn says 11M+ users have enabled “creator mode” as of July 2022  —  Bernard Marr, 49, who has degrees in business, engineering, and information technology, is interested in topics …
Discussion: @jordannovet
Parker Molloy / The Present Age:
How mainstream outlets boosted right-wing commentators Alex Jones, Tomi Lahren, and others to the point of manifesting the rising star narrative they created  —  When mainstream media outlets decide to interview right-wing trolls like Jones, they're paving the way for the fringe's future success.
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Jack Queen / Reuters:
A jury says Alex Jones must pay two Sandy Hook parents $45.2M in punitive damages, on top of $4.1M in compensatory damages, for claiming the shooting was a hoax
Dominic Ponsford / Press Gazette:
UK events and publishing company Informa sells Lloyd's List, the maritime information service launched in 1734, to Montagu Private Equity for £385M  —  B2B giant Informa has announced the sale of maritime information brand Lloyd's List to Montagu private equity in a £385m deal …
Discussion: Talking Biz News
Sara Fischer / Axios:
Houston-based Betr, created by Jake Paul and Simplebet founder Joey Levy to make content for sports betting fans, raised a $30M Series A and a $20M Series A1  —  Jake Paul, the YouTube star-turned-boxer, has raised $50 million alongside sports betting entrepreneur Joey Levy to launch a new company called Betr.
 
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 More News: 
Geoff Edgers / Washington Post:
How a record store owner exposed MoFi's use of digital files after the company claimed for years its pricey vinyl album reissues are purely analog reproductions
 Earlier Picks: 
Rowan Philp / Global Investigative Journalism Network:
Pulitzer-winning Associated Press reporter Martha Mendoza and eight more investigative reporters discuss their mistakes and what journalists can learn from them
Kathryn Foxhall / Columbia Journalism Review:
Reporters' ability to talk with US federal agency staff without public information officer approval has been gradually cut off, and the media should fight back