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4:35 PM ET, August 7, 2018

Mediagazer

 Top News: 
Gizmodo:
Knight First Amendment Institute, Gizmodo, and others ask Facebook to amend its ToS, which prohibits the use of journalistic tools like web scrapers  —  Last year, we launched an investigation into how Facebook's People You May Know tool makes its creepily accurate recommendations.
CNET:
Infowars page removed from LinkedIn and Pinterest, but remains on Twitter, which has said it does not violate its policy, and Instagram  —  Conspiracy theorist Alex Jones is quickly disappearing from the internet, though some accesses to his site Infowars is still available on the web.
RELATED:
Shoshana Wodinsky / The Verge:
Following bans of Infowars' content, its mobile app has shot up iOS App Store and Google Play Store charts, going from 47th to 4th in US news category on iOS
Jem Aswad / Variety:
Warner Music Group sells its entire stake in Spotify for $504M  —  UPDATED: In its earnings call on Tuesday morning, Warner Music Group announced that it has now sold its entire stake in Spotify, realizing $504 million.  —  CEO Steve Cooper said that the sale resulted in $126 million …
Steven Perlberg / BuzzFeed News:
Jared Kushner ordered a software developer at the New York Observer to remove stories about friends and connections without editors' knowledge  —  Jared Kushner personally ordered a software developer at his newspaper to remove stories critical of his friends and real estate peers.
Jason Schwartz / Politico:
Fox News says it is addressing producers and “talent involved” on Jesse Watters show over racist comments made about NYT writer Sarah Jeong  —  It was not a drill.  Saturday night on Jesse Watters' show was the moment Fox News CEO Suzanne Scott had instructed her top producers …
Discussion: Mediaite and Washington Post
Andrew Beaujon / Washingtonian:
WaPo employees: Bezos should focus on fixing the 401(k), reopen US bureaus, refocus the sports desk, bring back the ombudsman, and plan for the post-Trump era  —  A punch list for the paper's owner.  —  On August 5, 2013, Washington Post employees gathered in their auditorium …
Discussion: @abeaujon and Washington Post
Alex Sherman / CNBC:
Video streaming startup NewTV, led by Jeffrey Katzenberg and Meg Whitman, raises $1B round with Disney, Alibaba, NBCUniversal, and others participating  —  - Jeffrey Katzenberg and Meg Whitman have raised $1 billion from media and technology heavyweights for a new mobile streaming venture.
Brian Steinberg / Variety:
Discovery's Q2 profit drops 42% YoY due to charges associated with Scripps purchase, with net income falling to $216M  —  The acquisition of Scripps Networks has boosted revenue and operating income at Discovery Inc., the New York media company specializing in unscripted TV series.
Discussion: MediaPost
Josh Constine / TechCrunch:
Snap reports Q2 revenue of $262.3M, up 44% YoY, and 188M DAUs, up 8% YoY but down from 191M in Q1 against competition from Facebook Stories  —  The Stories War has officially killed Snapchat's growth.  In Q2 2018 earnings today, Snapchat's user count shrank 1.5 pecent percent to 188 million this quarter …
 
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 More News: 
Hamilton Nolan / Splinter:
It will not be long before reporters become casualties of the Trump era's rhetoric and a journalist is killed
Leonard Maltin / Hollywood Reporter:
After Disney's acquisition of 20th Century Fox, film historian and author Leonard Maltin recalls the studio's early days and the original mogul Darryl F. Zanuck
 Earlier Picks: 
Jaclyn Peiser / New York Times:
Former Cosmopolitan editor Joanna Coles resigns as chief content officer of Hearst Magazines
Max Willens / Digiday:
Insiders at Good and Upworthy describe management disputes over branded content, office culture clashes, a possible move to LA, and small budgets