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12:30 PM ET, August 13, 2024

Mediagazer

 Top News: 
Sarah Perez / TechCrunch:
After Apple's threats, Patreon memberships via its iOS app will be subject to Apple's 30% fee from November 2024; creators must switch to subscription billing  —  Apple has threatened to remove crowdfunding app Patreon from the App Store if creators continue to use unsupported third-party billing options …
New York Times:
NYT Opinion Editor Kathleen Kingsbury says the editorial board will no longer make endorsements in New York elections, including in governor and NYC mayor races  —  The paper's editorial board will continue to endorse presidential candidates, as it has for more than 160 years.
David Bauder / Associated Press:
Politico, the NYT, the WaPo, and others refusing to give details about leaked Trump campaign materials stands in marked contrast to Clinton's emails in 2016  —  At least three news outlets were leaked confidential material from inside the Donald Trump campaign, including its report vetting JD Vance as a vice presidential candidate.
RELATED:
The Guardian:
The NYT, WaPo, Politico, and others say they received documents stolen from Trump's campaign; Microsoft says Iranian hackers targeted a presidential campaign
Sara Fischer / Axios:
Substack says news and politics journalists making $1M+ hit “double digits”; the success of The Ankler and others also shows Substack is a newsroom incubator  —  - News industry cuts totaled 2,569 between January and July, up 10% from the same time last year, per Challenger, Gray & Christmas.
Discussion: New York Times
Aisha Malik / TechCrunch:
Twitch rolls out video stories, which can be up to 60 seconds long and set to expire after one, 12, 24, or 48 hours, to challenge Instagram and TikTok  —  After launching photo and text stories last year, Twitch is now introducing video stories.  Streamers can now film 60-second videos …
Discussion: Twitch
Reuters:
Tencent Music reports Q2 revenue down 1.7% YoY to ~$999M, vs. ~$996M est., paying users up 17.7% YoY to 117M, and social entertainment revenue down 42.8% YoY  —  Tencent Music Entertainment (1698.HK) reported a smaller than expected fall in quarterly revenue on Tuesday …
Discussion: MarketWatch and Tencent Music
Rick Porter / The Hollywood Reporter:
NBCUniversal says the 2024 Paris Olympics averaged 30.6M viewers across all platforms for its US daytime and nightly prime telecasts combined, up 82% from Tokyo  —  The company says 30.6 million people watched its daily coverage from Paris.  —  NBCUniversal will always have Paris …
The Guardian:
Bangladeshi journalists say they are cautiously optimistic that Sheikh Hasina's resignation as prime minister will bring an era of censorship and fear to an end  —  Reporters cautiously optimistic as interim government takes over after years of intimidation and censorship
Discussion: Foreign Policy, NPR and Semafor
Jim Waterson / The Guardian:
A look at the UK's Psychic News, the “journal of British spiritualism” that exposes “fake mediums” and faces a crisis after a charity withdrew its funding  —  Journal of British spiritualism, which ‘exposes fake mediums’, faces financial crisis after subsidy is withdrawn
Alicia Clanton / Bloomberg:
Accountable Tech: the average weekly reach per post of five prominent political Instagram accounts fell 65% after Meta began to downrank political content  —  - Prominent political accounts saw fewer views, study says  — Meta changed political stance to make services less combative
 
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 More News: 
John Reed / Financial Times:
India pulls a draft broadcasting services bill after a backlash from content creators over its potential chilling effect on free speech and compliance burden
Caitlin Huston / The Hollywood Reporter:
BuzzFeed reports Q2 revenue down 24% YoY to $46.9M, net loss down 71% YoY to $6.5M, ad revenue down 19% YoY to $23.8M, programmatic ad revenue up 3% YoY
Discussion: The Information and BuzzFeed
Andrew Jacobs / New York Times:
Scientific journal Psychopharmacology retracts three papers about MDMA-assisted PTSD therapy due to what it says was unethical conduct at one of the study sites
Discussion: Roll Call
 Earlier Picks: 
Jem Aswad / Variety:
Meta and UMG sign a multiyear agreement about AI, monetization, and more for UMG artists and songwriters on Meta's apps, including WhatsApp for the first time
Charlie Wells / Bloomberg:
Some longtime users of LinkedIn lament the barrage of performative content from hustle-culture influencers and AI-generated “thought leadership” on the site
Priyanjana Bengani / Columbia Journalism Review:
An in-depth analysis shows Metric Media, which runs a network of ~1,300 “pink slime” news sites, received $14M+ from four PACs and four nonprofits in 2021-2022