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Situational awareness: Pandora, which reports earnings after market close today, is broadly opening its audio inventory to be purchased programmatically for the first time. The announcement comes on the heels of its May acquisition of audio adtech company AdsWizz.
Several examples of major non-political news stories recently show that collective bias by the mainstream media goes beyond politics, seeping into issues of race, climate and terrorism.
Why it matters: Collective media bias can be hard to detect and address in real time, but the consequences are significant. At best, it can dramatically skew coverage for the majority of the population; at worst, it can distort the truth by inflating or downplaying significant aspects of some news stories.
The bottom line: The financial pressures being put on newsrooms often push journalists to cover what they think will get a lot of pickup, argues Jennifer Grygiel, assistant professor of communications at Syracuse University.
Rodney Benson, chair of NYU's Department of Media, said lack of newsroom diversity is a contributing factor:
Minorities are very engaged users of many media technologies, according to Nielsen's latest total audience report.
Photo by Cindy Ord/Getty Images for Yahoo
Yahoo Finance is launching a full-day, live video streaming network by the end of the year, three sources familiar with the plans tell Axios.
Why it matters: It’s the latest example of a digital-native news outlet getting into streaming news to capture more audience attention on mobile and to compete for television dollars.
The network will include 8-hours of live market and global financial news updates, which would make it a rival to the new digital streaming business network Cheddar and, to an extent, CNBC, Fox Business and Bloomberg.
Oath CEO Tim Armstrong and Joanna Lambert, GM of Finance & Tech, are the driving forces behind the expansion, which has been in the works for a long time. Andy Serwer, Editor in Chief of Yahoo Finance, will continue to oversee editorial direction and content.
There is a possibility that the content could eventually be accessed through a linear distribution deal with Verizon Fios, which has has roughly 5 million customers in the U.S.
The move is not totally surprising given Yahoo's existing investment in live digital programming, but a Fios partnership would be notable, given Verizon CEO Lowell C. McAdam’s rejection of rumors about Verizon moving into linear TV programming.
New digital device technologies — like smart TV's, gaming consoles, and connected devices— are increasing their penetration into U.S. households as traditional devices, like desktops and tablets, decline, according to comScore's latest OTT Report.
Why it matters: Older devices that were once the gateway to internet video are being replaced by more sophisticated technologies that allow users to enjoy better quality on-demand video and with more customizability on bigger screens.
Illustration: Sarah Grillo/Axios
CBS indicated Monday that longtime executive and Chairman Les Moonves will remain in his job for now, as its Board of Directors selects an outside counsel to conduct an independent investigation into sexual harassment allegations detailed against him in a Ronan Farrow report last week.
Why it matters: Many were expecting Moonves to step aside or for CBS to suspend Moonves while the company investigates the matter.
The bottom line: The way CBS handles the saga will either help or further damage the company's reputation for fostering a toxic culture of misogyny.
Be smart: This could also complicate CBS's messy fight for independence with its parent company.
What's next: CBS delayed its annual shareholder meeting to August 10, which was already postponed from May 18. The company is set to report earnings and address investors Thursday afternoon at 4:30 p.m. EST.
Illustration: Lazaro Gamio/Axios
Facebook and Twitter stocks were free-falling last week after executives from both companies warned investors of slowed growth in response to changes aimed at improving their platforms long-term.
Why it matters: Analysts argue that the earnings for both companies weren't so terrible (Facebook still grew revenue by 42% year over year and Twitter hit its third quarter of profitability), but Wall Street reacted so starkly because of the short-term concessions both companies conceded were coming to make their businesses more sustainable long-term.
Bottom line: Social tech earnings didn't miss primarily because of data and privacy scandals catching up to them, but rather due to larger structural problems both companies have alluded to for months.
Both companies also said expenditures would increase due to efforts to help make their platforms safer and healthier long-term.
The big picture: Pivotal analyst Brian Wieser says the warning of deceleration for the second half of the year for Facebook was what ultimately caught investors off-guard, as it suggests the company may begin to experience an ad revenue growth wall due to saturation. In response, the company has been putting more monetization efforts into Instagram (mostly via Stories) and messaging.
Reality check: Growth in most digital media consumption overall is slowing
Illustration: Sarah Grillo/Axios
Today's professional athletes are facing unprecedented blowback over racist and homophobic tweets they sent as teens, the AP's Cliff Brunt reports.
Why it matters: Social media platforms created before the era of ephemeral communications is dogging the careers of many professionals, including athletes.
This issue goes well beyond the sports world, Axios' Zach Basu notes.
The big picture: More users are flocking to ephemeral social media networks, where posts disappear after a certain amount of time, as a result.