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11:25 AM ET, July 18, 2019

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 Top News: 
Netflix:
Netflix reports Q2 revenue of $4.9B, up 26% YoY, and total paid membership of 152M, up 22% YoY, but it added 2.7M new subs, down from 5.5M YoY; stock down 10%+  —  July 17, 2019 Fellow shareholders, As expected, revenue growth accelerated 400 basis points to 26%, and operating income increased 53% year over year in Q2.
RELATED:
Todd Spangler / Variety:
In Q2, Netflix lost US subscribers for the first time since Q3 2011, dropping 130,000, and added fewer global subs than expected, citing a weak Q2 content slate  —  For the first time, Netflix lost streaming subscribers in the U.S. — dropping a net 130,000 for the second quarter of 2019 …
Chris Welch / The Verge:
Netflix says it plans to launch a cheaper mobile-only streaming plan starting in India in Q3
Christine Schmidt / Nieman Lab:
McClatchy-grown, Google-funded Compass Experiment, a project to build new local news sites, has chosen Youngstown as its first site with four local journalists  —  Youngstown, Ohio has become kind the beat-up poster child for industrial decline, the opioid crisis, the Trump phenomenon, and, most recently, the loss of local journalism.
Arriana McLymore / Reuters:
Spotify says it will devote a prominent spot in its app to Disney's music library, a feature called Disney Hub  —  NEW YORK (Reuters) - Spotify Technology SA said on Wednesday it will devote a prominent spot in its music streaming app to Walt Disney Co's extensive music library with songs like “Let It Go” and “A Whole New World.”
Jem Aswad / Variety:
Internal Universal Music memo details its investigation into losses from a 2008 fire: 22 lost assets could have been original masters linked to five artists  —  Ahead of an expected motion to dismiss the lawsuit filed last month by several artists over damage in the 2008 fire that destroyed hundreds …
Emily Tamkin / Columbia Journalism Review:
Why CNN shouldn't have given screen time to white supremacist Richard Spencer for reaction to Trump's racist tweets: normalization of racism, diversion of focus  —  On Tuesday evening, a segment on Jake Tapper's CNN show The Lead featured an interview with Richard Spencer, a white supremacist.
Maxwell Tani / The Daily Beast:
Sources: G/O Media CEO Jim Spanfeller is out of touch with the company's editorial voice and current media practices as he pushes listicles and programmatic ads  —  High-level staffers at the company that now owns ex-Gawker sites like Jezebel and Deadspin complain their new leader is destroying a famously freewheeling culture.
Brian Merchant / Columbia Journalism Review:
To duck accountability, “on background” has become the default method by which Silicon Valley disseminates information, often abetted by tech journalists  —  One of the most pernicious tools that Silicon Valley uses to control the flow of information to the public is decidedly low-tech: briefing reporters “on background.”
Charlotte Tobitt / Press Gazette:
Sky News has appointed Hannah Thomas-Peter as its first dedicated climate change correspondent, the first UK title to do so  —  Sky News has appointed its first dedicated climate change correspondent to “continue to set the agenda” on what it described as a “crisis”.
Discussion: Sky
 
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 More News: 
Melynda Fuller / MediaPost:
NowThis is launching a newsletter called KnowThis, its first written product, summarizing the day's top news five nights per week
Sarah Jones / New York Magazine:
Some staffers wrote First Look Media's board in protest after Topic Magazine's closing and The Nib's de-funding, amid rumors First Look bought Passionflix.com
 Earlier Picks: 
Mark Di Stefano / BuzzFeed:
US sports site The Athletic poaches Daniel Taylor from The Guardian and David Ornstein from the BBC, continuing its UK football journalism talent hiring spree
Christine Schmidt / Nieman Lab:
Facebook Journalism Project announces 22 projects receiving grants between $5,000 and $25,000 to fund community-building proposals over the next six months
Bloomberg:
Sources: Apple plans to fund original, exclusive podcasts and has reached out to media companies, in a bid to compete with Spotify