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 …
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@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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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.
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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.
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@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
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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 …
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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.
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TVNewsCheck
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