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3:45 PM ET, July 27, 2018

Mediagazer

 Top News: 
Kim Masters / Hollywood Reporter:
Sources: CBS CEO Leslie Moonves faces allegations of sexual misconduct, uncovered in an investigation by Ronan Farrow to be published by The New Yorker  —  The CBS CEO, one of the most powerful men in Hollywood, is accused of unwanted kissing and touching in a New Yorker article set to be published Friday.
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Cynthia Littleton / Variety:
CBS board says it will investigate the allegations against Moonves and notes the timing of claims, amid legal battle with National Amusements  —  The CBS Corp. board of directors will investigate allegations of sexual misconduct that are to be raised against CEO Leslie Moonves in a report …
Dade Hayes / Deadline:
Shareholders approve Disney's $71.3B purchase of much of 21st Century Fox  —  UPDATED with official comment from the companies.  At special meetings held simultaneously in New York this morning, Disney and 21st Century Fox shareholders overwhelmingly approved the merger first proposed last December.
Steven Musil / CNET:
Facebook bans Alex Jones from using his account for the next 30 days after removing four of his videos for violating its community standards  —  Alex Jones, the founder, owner and star of conspiracy site Infowars has been suspended by Facebook — and may face harsher consequences.
Yashar Ali / HuffPost:
Sources: Kimberly Guilfoyle left Fox News involuntarily following an HR investigation into allegations of inappropriate behavior  —  Sources tell HuffPost that Guilfoyle, who is dating Donald Trump Jr., engaged in emotionally abusive behavior and showed colleagues personal photos of male genitalia.
Michelle Castillo / CNBC:
Twitter is down about 19% in the mid-day trading after company reported 1M QoQ decline in monthly active users  —  - Monthly active users (MAUs): 335 million vs. 338.5 million, according to StreetAccount and FactSet estimate  —  Twitter shares plummeted 14 percent pre-market Friday …
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Paresh Dave / Reuters:
Twitter posts record Q2 profit of $100M, beats estimates on revenue of $711M, up 24% YoY, but monthly users fell by 1M from Q1 to 335M due to increased removals
Claire Boston / Bloomberg:
SEC filing: MoviePass ran out of money and couldn't cover the bills causing service outage on Thursday, had to take out short term $6M+ loan due in early August  —  Helios and Matheson Analytics Inc., the parent company of MoviePass, received a short-term loan for more than $6 million …
Natalie Jarvey / Hollywood Reporter:
Viacom to acquire youth-focused digital media company AwesomenessTV; sources say for $25M plus debt, well below AwesomenessTV's $650M valuation in 2016  —  The deal, which sources say also includes the assumption of some debt, is significantly lower than the $650 million valuation that Awesomeness had in 2016.
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Natasha Lomas / TechCrunch:
Facebook releases some of Canada-based AggregateIQ's targeted Brexit campaign ad data and ads in response to a Parliament committee investigating disinformation
Lesley Goldberg / Hollywood Reporter:
Comedy Central buys syndication rights for BoJack Horseman, a first for Netflix, which has retained worldwide exclusivity on its subsequent shows  —  The Viacom-owned cable network will be the linear home to the first five seasons of the Netflix comedy.  —  Netflix has sold its BoJack Horseman catalog.
Janko Roettgers / Variety:
The Facebook stock drop foreshadows a potentially less profitable future as it relies more on video formats like Stories with a lighter ad load than News Feed  —  These days, everything seems to be going wrong for Facebook.  The social networking giant is still reeling from the aftermath of the Cambridge Analytica privacy scandal.
Wall Street Journal:
Inside the executive feuds at Univision over CEO performance, digital strategy, programming, and more as the company prepared for a reorganization and job cuts  —  Clashing egos and feuds over the company's future have engulfed the U.S.'s largest Spanish-language broadcasting outlet
 
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 More News: 
Douglas Busvine / Reuters:
Facebook says it received 1,704 complaints, removed 262 posts from January to June under Germany's NetzDG hate speech law, which includes fines of up to €50M
Shan Wang / Nieman Lab:
Profile of media company Hybrid and its growth from a blogging project to a network of news sites across Asia with 10M visitors per month
Maria Dinzeo / courthousenews.com:
NYT lawyer warns judges prosecuting Julian Assange for publishing leaked documents on the 2016 election would make distinguishing between NYT and WikiLeaks hard
Garett Sloane / Ad Age:
Amazon's advertising business hit nearly $2.2B in sales for Q2, up 132% YoY and on pace to do $4B-$5B this year, overshooting projections
 Earlier Picks: 
News Corp:
Ben Berkowitz has been named editor-in-chief of Storyful and will begin in August
Hazel Cills / Jezebel:
Gwyneth Paltrow says Goop magazine's partnership with Conde Nast ended because of the latter's higher fact-checking standards; Goop is now hiring a fact-checker
Brian Feldman / New York Magazine:
How one minor moderation move by Twitter was equated with the old concept of “shadow banning”, fueling some conservatives' claims of censorship and oppression