SubscribeArrow

Good morning and happy Tuesday. Thanks for subscribing to Axios Media Trends. Send tips and ideas to sara@axios.com and tell your friends and colleagues to join the conversation by signing up here.

NEW: Time 📉 and CBS 📈 — Time's Q2 earnings out this morning had the company missing on revenue, due to a decline in print and advertising sales. CBS' Q2 earnings out last night had the company beating expectations on earnings and revenue, largely due to the success of their "All Access" streaming platform, which it announced will expand internationally this year. CBS chairman and CEO Leslie Moonves also teased a 24/7 sports-only streaming channel debuting later this year.