Top News:
Lauren Forristal / TechCrunch:
Reddit says it plans to test AI-powered search result pages later this year, using a combination of first- and third-party tech to power the feature — Reddit users will soon see AI-generated summaries at the top of search results. — Reddit co-founder and CEO Steve Huffman told investors during …
Discussion:
@karissabe@threads.net and Engadget, more at Techmeme »
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Jonathan Vanian / CNBC:
Reddit Q2: revenue rose 54% YoY to $281.2M, vs. $254M est., Daily Active Uniques increased 51% YoY to 91.2M, and net loss dropped from $41.1M to $10.1M YoY — Reddit reported second-quarter results on Tuesday that topped analysts' estimates. — Here are the key numbers:
Brian Steinberg / Variety:
Charles Barkley, a mainstay of TNT's Inside the NBA, reverses plans to retire and says he will keep working with WBD, which is fighting to keep NBA media rights — Charles Barkley says he isn't getting out of Warner Bros. Discovery's sports game. — The roundball great …
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New York Times, Pressroom, Fox News, Brian Steinberg on LinkedIn, Associated Press, CNBC, Front Office Sports, TVLine, CNN, USA Today, The Wrap, New York Times, Awful Announcing, Deadline, Awful Announcing, Sportico, Barrett Media, New York Post, Los Angeles Times, New York Daily News and The Hollywood Reporter
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Wall Street Journal:
Sources: the NBA's deal with Amazon has several provisions that WBD can't match, including promotion of the NBA during Amazon's NFL streaming telecasts — League's media deal with tech giant included provisions Warner couldn't match, setting stage for legal fight
Discussion:
Sports Media Watch and USA Today
Benjamin Mullin / New York Times:
Red Ventures sells CNET, an early pioneer of online tech coverage, to Ziff Davis, which owns Mashable, PC Mag, Lifehacker, and others, a source says for $100M+ — Ziff Davis is acquiring CNET for more than $100 million. Its chief executive thinks more acquisitions are on the horizon.
Discussion:
Deadline, The Desk, The Information, @jeffjarvis, @saschasegan, @photomatt, Lindsey Turrentine on LinkedIn, @dctrjack, Lauren Newman on LinkedIn, @film_girl, @rhunwords, Roger Cheng on LinkedIn, @ldignan, @benmullin, @felixsalmon, @rafat, Connie Guglielmo on LinkedIn, @seangriffey, @rafat, @tsuvik, @sjvn@mastodon.social, @tvgrimreaper, @rogerwcheng, @bombur, The Wrap, MediaPost, Variety, @danackerman, Axios, Adweek and The Verge, more at Techmeme »
Sara Fischer / Axios:
X sues the World Federation of Advertisers, GARM, Mars, Unilever and others over what Linda Yaccarino calls an illegal boycott; Rumble also sues WFA and others — Members include major tech companies, advertisers, agencies, ad tech firms and advertising coalitions.
Discussion:
@elonmusk, @lindayax, The Verge, HuffPost, Associated Press, Rumble, Awful Announcing, The Daily Wire, @ranimolla, The Federalist, @karaswisher@threads.net, @tracybeanz, @sherrilynifill@threads.net, Adweek, @crumbler@threads.net, @katzish@threads.net, @goldman@threads.net, The Hollywood Reporter, @elonmusk, The Verge, @catthekin, AV Club, @theliamnissan, @baekdal, Financial Times, @jesse_brenneman, CNN, MediaPost, @bobbyallyn, @fmanjoo, Bloomberg, @chrispavlovski, @kyliebytes, Reuters, @digiphile@threads.net, @allahliker, @stopfundinghate, @rumblevideo, Wall Street Journal, Deadline, The Media Leader, New York Times, @dankennedy_nu@threads.net, @silvermanjacob, @lorakolodny@threads.net, Greg Glenday on LinkedIn, @chrispavlovski, Ruben Schreurs on LinkedIn, @kateaconger@threads.net, @rstephens@threads.net, @tracybeanz, Wired, Quartz, @mac_ryan_@threads.net, @elizspiers@threads.net, @joshtpm, @katieeyton, New York Post, @sarafischer, @bobbyallyn, The Drum, PRWeek, @lindayax, Fast Company, New Republic, The Information, TechCrunch, Variety, Engadget, Ars Technica, Fox Business, Barrett Media, Digiday and Ad Age, more at Techmeme »
Next TV:
Future plans to end Broadcasting & Cable, Multichannel News, and NextTV in print and as newsletters, replacing them with one newsletter and revamping NextTV.com — By B+C Staff( Broadcasting & Cable ) published — Charlie Weiss will take on chairman role for B+C Hall of Fame, with Bill McGorry moving into chairman emeritus role
Discussion:
The Wrap, Los Angeles Times, Bob Gold on LinkedIn, Variety, @michaelsocolow, @jbflint, The Desk, The Hollywood Reporter and Talking Biz News
Katie Robertson / New York Times:
Internal memo: Axios CEO Jim VandeHei says the company is laying off about 50 employees, or ~10% of the company, due to “changes in the media business” — Jim VandeHei, the company's chief executive, said in an email that the cuts were necessary to adapt to “changes in the media business.”
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The Wrap, The Hill, @mac_ryan_@threads.net, @geomoriarty@threads.net, @samueljrob, @loopemma, @selenesanfelice, @loopemma, Fast Company, @daniellealberti, New York Post, @ethangach, @smtology, @ethanscorey, @billygribbin, @chrisjollyhale, @benkesslen, @justinbaragona, @danprimack, @ryanabest, @chaykak, @redsteeze, @keitholbermann, @sophiacai99, @tim_bays, @ruhlmuk, @brandyljensen, @chriscillizza, @simranparwani, @tblysik, @mikebrice, Erin Hulliberger on LinkedIn, @sarafischer, @nickicamberg, @katie_robertson, @jdawsey1, @simranparwani, @daniellealberti, @sopandeb, Fox Business, @aulia@threads.net, TVNewsCheck, Nieman Lab and Deadline
Joe Lucia / Awful Announcing:
Fubo's CEO blasts Venu, the Disney/Fox/WBD sports JV, saying it gives them control of 80% of the premium market and curbs competition, as he seeks an injunction — The new Fubo logo. — Fubo's earnings call was on Tuesday. Unsurprisingly, CEO David Gandler used part of his opening remarks …
Discussion:
Yahoo Finance, Bloomberg Law, Deadline, IndieWire, Deadline, The Streamable, Bloomberg, Next TV and Cord Cutters News
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Etan Vlessing / The Hollywood Reporter:
FuboTV reports Q2 North America revenue up 26% YoY to $383M vs. $368M est., North America paid subscribers up 24% to 1.45M, rest of world revenue up 2% to $8.3M
Discussion:
Fubo, Media Play News, The Desk, @fubotv_pr, Next TV, Advanced Television, The Streamable and Cord Cutters News
Justine Fisher / CNBC:
Starting October 17, Disney will raise the cost of most plans for Disney+, Hulu, and ESPN+ by $1 to $2 more per month, as it pushes customers to bundles — Disney is raising prices on its streaming platforms. — Starting mid-October, most plans for Disney+, Hulu and ESPN+ will cost $1 …
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The Walt Disney Company, The Hollywood Reporter, Axios, TechRadar, Cord Cutters News, The Desk, The Media Leader, New York Post, 9to5Mac, Digital Trends, The Information, TVLine, Fox Business, @2xaught7.bsky.social, Quartz, BGR, The Hill, Engadget, The Streamable, CNN, Variety, IndieWire, Bloomberg, Decider, Kotaku, Ars Technica, The Wrap, Deadline, Consequence and New York Daily News
Catherine Perloff / Adweek:
Some ad buyers say Netflix is now charging CPMs between $20 and $30, after originally seeking $65 in 2022 and a reported $39 to $45 in 2023 — The streaming platform initially came to the market with $65 CPMs in 2022 — Netflix is further lowering the prices of its ads …
Discussion:
Gabriela Domanico on LinkedIn, TVNewsCheck, Catherine Perloff on LinkedIn, @catherineperlo1 and The Sun
Lauren Forristal / TechCrunch:
Amazon Music debuts Topics, which helps users find podcast episodes by topic and is powered by both AI and humans — Amazon Music announced Tuesday the launch of its new AI-powered feature, “Topics,” which allows users to explore podcast episodes by specific topics discussed in the episode.
Discussion:
About Amazon and The Verge, more at Techmeme »
Winston Cho / The Hollywood Reporter:
Division in Hollywood's approach to AI is growing, as some studios want to use AI tools more often in production, while unions aim to establish guardrails — While unions aim to establish guardrails and artists are going to court, studios are looking to use AI tools more often in production.
Discussion:
TVNewsCheck
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