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3:50 PM ET, August 30, 2022


 Top News: 
New York Times:
Sources: The Washington Post is on track to lose money in 2022 after years of profitability, and CEO Fred Ryan floated cutting 100 jobs; WaPo denies staff cuts  —  With digital subscriptions and digital advertising revenue stagnating, the company is on pace to lose money this year.
Todd Spangler / Variety:
YouTube Chief Business Officer Robert Kyncl plans to leave in early 2023 after 12+ years as a senior executive; Google veteran Mary Ellen Coe will replace him  —  Robert Kyncl will exit YouTube in early 2023 after more than 12 years as a senior exec at video giant.
Ryan Broderick / Garbage Day:
Social media election “war rooms” are set up to obscure the fact that misinformation and disinformation are integral parts of user-generated content platforms  —  Read to the end for a great Reddit post  —  The Election War Room Scam  —  We're less than three months away …
Colin Stutz / Billboard:
Sony Music sues Triller for failing to pay licensing fees for months while continuing to use Sony's catalog after Sony ended their deal earlier in August 2022  —  The record label says it's owned millions in monthly payments and for copyright infringement since it terminated their licensing agreement earlier this month.
Sara Fischer / Axios:
Time acquires Brandcast, which offers a no-code service for creating websites, and rebrands it as Time Sites; it is Time's first acquisition under the Benioffs  —  Time has bought Brandcast, a company that licenses software for easy-to-build marketing websites, Time's editor-in-chief and CEO Edward Felsenthal told Axios.
Josh Dickey / The Wrap:
On the eve of its release, Regnery postpones Dinesh D'Souza's book version of 2000 Mules to October 25, 2022, citing a “publishing error”  —  Dinesh D'Souza's book version of “2000 Mules,” based on the film that makes widely debunked claims that people were paid to dump fraudulent ballots …
National Union of Journalists:
After Reach pay and workload talks break down, the UK's National Union of Journalists plans to strike on August 31 and from September 13 to September 15, 2022  —  Following two days of negotiations over the bank holiday weekend, brokered by ACAS the arbitration service, talks between the NUJ and Reach have broken down with no deal.
Alex Heath / The Verge:
Sources: Snap is planning to lay off ~20% of its 6,400+ employees; the layoffs are set to begin on Wednesday  —  Snap's stock price has declined nearly 80 percent this year  —  Snap is planning to lay off approximately 20 percent of its more than 6,400 employees, according to people familiar with the matter.
Jordan Middler / Video Games Chronicle:
Meta plans to shutter the Facebook Gaming app on iOS and Android on October 28, 2022, transferring games, content, and groups to the main Facebook app  —  MUCH OF THE FUNCTIONALITY WILL BE MIGRATED TO THE MAIN FACEBOOK APP  —  Facebook will end support for its Facebook Gaming app in October, it's announced.
Charlotte Klein / Vanity Fair:
An interview with The New York Times' Astead Herndon on his upcoming podcast The Run-Up, which aims to cover the US midterms focusing on ideas over news scoops  —  Host Astead Herndon wants his forthcoming podcast, The Run-Up, to cover the midterms for more than the political-insider set.
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 More News: 
Sara Fischer / Axios:
Melbourne-based sportsbook operator PointsBet launches a sports betting newsletter in partnership with Front Office Sports, as it aims to expand its US presence
Naman Ramachandran / Variety:
Disney Star licenses Indian TV rights for International Cricket Council tournaments to Zee from 2024 through 2027, opting to retain only the digital rights
Discussion: Bloomberg and Broadband TV News
Joe Pompeo / Vanity Fair:
A look at The Washington Post's deal with Imagine and CAA to create content based on its archive and current reporting; four projects are in active development
 Earlier Picks: 
Vikram Dodd / The Guardian:
Some UK police forces are asking officers to disclose personal ties with news reporters; some policing figures and freedom of speech groups oppose the clampdown
Brandon Katz / The Wrap:
SEC filing: Triller raised $200M and is targeting a $3B valuation in its IPO before the end of 2022; source: Triller is on track for a $250M run rate in 2023
Discussion: @lthomasnews
Elahe Izadi / Washington Post:
Poynter and NewsGuild: Gannett's August 2022 layoffs cut at least 70 to 90 newsroom jobs, after a 35% drop in the newspaper's workforce from 2019 to 2021
The Guardian:
A look at Russia's propaganda drive in the occupied southern Ukrainian city of Kherson through a new TV station and a resurrected Soviet-era newspaper