Top Stories

  • BuzzFeed’s Chief Marketing Officer Ben Kaufman is stepping down from his position at the end of the year but will stay on as an adviser to the company, according to sources familiar with the matter. They said Kaufman wanted to spend more time on his children- and family-focused business, Camp, as it expands. (The Information)
  • Walmart Inc. raised its earnings forecast after reporting total revenue rose 1.8 percent to $130.4 billion and U.S. same-store sales rose 2.8 percent in its second quarter, its 20th straight quarter of U.S. growth. Online sales rose 37 percent, above the company’s expectation of 35 percent. (Reuters
  • Walt Disney Co. and the second-largest U.S. cable company, Charter Communications, said they have reached a new deal that will allow Charter to carry ESPN and ABC and distribute new video services such as Hulu and ESPN+. The agreement also comes right before Disney introduces its new ACC Network, broadcasting games from the Atlantic Coast Conference, on Aug. 22. (Bloomberg)

Chart Review

2nd Annual ARF Privacy Study
The Advertising Research Foundation 

Events Calendar (All Times Local)

08/15/2019
Podcast Movement
08/16/2019
Podcast Movement
08/18/2019
MediaPost’s Brand Marketers Insider Summit
08/19/2019
MediaPost’s Brand Marketers Insider Summit
08/20/2019
MediaPost’s Brand Marketers Insider Summit
Pivot LIVE 7:00 pm
View full calendar

Understanding Gen Z: The Definitive Guide to the Next Generation

Based on nearly 1,000 survey interviews with 18-21 year-olds, Morning Consult’s ‘Understanding Gen Z’ report digs into the values, habits, aspirations, politics, and concerns that are shaping Gen Z adults and the ways they differ from the generations that came before them.

Download the full report →

Advertising

Barbarian Names R/Ga’s Steven Moy CEO
Lindsay Rittenhouse, Ad Age

He replaces Cathy Butler who left for Omnicom’s Organic in March.

Walmart Reports Ad Delays As It Brings Services In House
Garett Sloane and Jack Neff, Ad Age

Some brands are frustrated as retailer makes service changes to their accounts.

Facebook movie ads will now include ticket and showtime details
Dami Lee, The Verge

For the 58 percent of people who discover movies online.

Lee Jeans is doubling its digital advertising budget
Kristina Monllos, Digiday

Lee Jeans, the 130-year-old apparel brand, is doubling its digital budget this year, increasing its digital ad spend to account for 80% of its budget in 2019 versus roughly 40% in 2018.

Viacom-CBS Merger Could Boost Advertising Ambitions
Alexandra Bruell, The Wall Street Journal

Tie-up is poised to fuel new ad technology and ad-supported streaming video. 

Media and Entertainment

Spotify’s pitch to podcasters: valuable listener data
Ashley Carman, The Verge

Spotify for Podcasters comes out of beta today.


Jay-Z, NFL Commissioner Discuss Partnership, Say They’ve Spoken With Colin Kaepernick
Jem Aswad, Variety

Jay-Z and NFL commissioner Roger Goodell gathered with reporters for a press conference at Roc Nation’s offices on Wednesday to discuss their new partnership, which was revealed yesterday after news leaked.  

Podcast listening has reached a zenith— thanks to millennials
Wendy Lee, The Los Angeles Times

Podcasts, once a niche category, continue to surge in popularity thanks to millennials who are listening to audio programs on the go.

Anna Wintour expands title in Condé Nast reshuffling
Keith J. Kelly, The New York Post

In a series of big changes at Condé Nast announced Wednesday, Wintour — the editor in chief of Vogue and artistic director of all the US — was also named “global content advisor” for the company’s international brands.

Social Media and Technology

Twitter is finally embracing change, and it seems to be working
Salvador Rodriguez, CNBC

Twitter Product Lead Kayvon Beykpour on Tuesday said the company is being super intentional about delivering substantial changes to its product experience.

Barstool Sports Founder Dave Portnoy’s Threats Might Boost The Brand, But At What Cost?
Ilyse Liffreing, Ad Age

Sports media company sees social gains for founder’s provocative tweets, but could be held legally accountable.

PR and Marketing

Amazon is launching a new program to donate unsold products, after reports that millions were being destroyed
Eugene Kim, CNBC

Amazon is launching a new donations program, called FBA Donations, for third-party sellers that store their inventory in Amazon’s warehouses in the U.S. and U.K., CNBC has learned.

Joseph Tsai Nears Full Ownership of the Nets
Kevin Draper and Evan Hoffman, The New York Times

Tsai already owns 49 percent of the Brooklyn N.B.A. team, but is close to buying out the majority owner, Mikhail Prokhorov. The team is valued at a record $2.35 billion.

Why Do D.C.’s Boutique Hotels Keep Opening Radio Stations?
Eliza Berkon, DCist

It’s 1 p.m. on a recent Thursday and Jack Inslee is sitting at a short wooden table in a sleek, light-filled recording studio at The Line hotel.

The Disruption of the Golf Ball Market Is in Full Swing
Michael Croley, Bloomberg

Startups are chipping away at a $5 billion market.

Caviar employees claim DoorDash and Square are mistreating them over acquisition offers
Natt Garun and Nick Statt, The Verge

As the two companies work to close the deal, Caviar employees are caught in the middle.

A New Coke Flavor Is Coming to the U.S. Just in Time for the Holidays
Chris Morris, Fortune

Coca-Cola is bringing a new version of its flagship drink to the United States. 

J.C. Penney Branches Into Used Apparel as Sales Tumble
Micah Maidenberg, The Wall Street Journal

J.C. Penney Co. reported sales fell 9% in its latest quarter and said it would start selling secondhand items as part of a broader effort to transform itself.

Macy’s is doing all the right things—except being in a mall, analyst says
Jasmine Wu, CNBC

During its second-quarter earnings report, Macy’s announced it was cutting its profit forecast for the fiscal year because an oversupply of inventory caused the company to lower prices, forcing it to take a hit on profits.

How hunger-fighting orgs have used DoorDash to help save 1 million pounds of food from landfills
Adele Peters, Fast Company

When DoorDash drivers get a request to deliver food, it isn’t always from a customer looking for a meal at home: For the last year and a half, the company has also been using its delivery algorithm to connect donations of surplus food with nonprofits fighting food insecurity. 

Hundreds of Googlers are urging the company not to bid on a contract with the US Customs and Border Protection that they say would facilitate ‘human rights abuses’
Nick Bastone, Business Insider

Over 500 Googlers are urging their company not to bid on a cloud-computing contract with the US Customs and Border Protection (CBP).

The $110,000 Robot Bartender Mixing Great Cocktails
Siobhan Wagner, Bloomberg

Makr Shakr’s new take on mixology is popping up on Royal Caribbean cruises and hotels around the world.

Hipcamp, the Airbnb for camping, isn’t roughing it with new investors Jay-Z and Will Smith
Megan Hernbroth, Business Insider

The startup is commonly referred to as the Airbnb for camping and lets users book campsites on private property or federal lands.

Unilever Wants to Give Mayo and Marmite a Purpose
Thomas Buckley, Bloomberg

CEO Alan Jope is taking his company’s social consciousness to the next level.

Opinions, Editorials, Perspectives and Research

Beyond Androgyny: Nonbinary Teenage Fashion
Hayley Krischer, The New York Times

Clothes make the person. Maybe now parents understand.

WeWork IPO Shows It’s the Most Magical Unicorn
Shira Ovide, Bloomberg Opinion

Everything about the company is over-the-top: its growth, losses, potential conflicts of interest and financial gymnastics.

I Shared My Phone Number. I Learned I Shouldn’t Have.
Brian X. Chen, The New York Times

Our personal tech columnist asked security researchers what they could find out about him from just his cellphone number. Quite a lot, it turns out.

 

Morning Consult