Top News:
Marc Tracy / New York Times:
Facebook says it will invest $100M to support the news industry during COVID-19: $25M in emergency funding for local news and $75M in additional marketing spend — With grants and marketing spending, the social media giant hopes to support outlets doing essential local reporting but struggling with a drop in advertising.
Discussion:
Facebook, Mark Zuckerberg, USA Today, The Verge, Wired, Wall Street Journal, Breitbart, @campbell_brown, Adweek, Reuters, @mikeisaac, @mohamedomar, VentureBeat, @seldo, Variety, Engadget, @sofus_d, CNN, @juddlegum, Reuters, @edmundlee, @mosseri, @peretti, @marcatracy, @gavmorris, BuzzFeed News, @jbenton, @alexhern, @brianstelter, Fast Company, @raju, Axios, Axios, The Wrap and TechCrunch, more at Techmeme »
Maxwell Tani / The Daily Beast:
Gannett CEO announces furloughs and pay cuts across the company, says other execs will take a 25% pay cut and he won't take a salary until the cuts are reversed — The mass-media company, which owns many large newspapers including USA Today, announced Monday that the coronavirus downturn has forced the company to make deep cuts.
Discussion:
@gregholmannl, Poynter, Awful Announcing, The Hill, @ryanchittum, The Wrap, @pkafka, @lpolgreen, @thrasherxy, @brynstole, @jemelehill, @gerryconway, @thesarahkelly, New Jersey Globe, @maxwelltani, @emdrums, @craftypanda, @markferenchik, @brianduggan, @tednesi, @reporterdavidj, @dicktofel, Florida Politics, @reporteramber, @rickedmonds and @maxwelltani
James Poniewozik / New York Times:
Trump has turned his coronavirus briefings into create-your-own-reality TV with the structure, intrigue, drama, rhythm, and characters of a weekly reality show — The coronavirus briefings have given Donald Trump a regularly scheduled reality show again — or, rather, a create-your-own-reality show.
Discussion:
@realdonaldtrump, @poniewozik, @jayrosen_nyu, Vanity Fair, Press Watch, @klr_editor, @jaketapper, @brianstelter, @ericschultz, @maggienyt, @froomkin, @kimmasters, @oliverdarcy, @pkafka, Reason, The Atlantic, Slate, Fox News, Politico, Vox, Rolling Stone and The Independent
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Maxwell Tani / The Daily Beast:
Sources: on an internal call, Jeff Zucker defended airing Trump briefings live, arguing that viewers need to hear Trump answer tough questions from journalists
Discussion:
MediaFile, @levinejonathan, @parkermolloy, @esaagar, @daviddtss, @soledadobrien, @robbysoave, @rolandsmartin, @froomkin, Vanity Fair, @jayrosen_nyu and @maxwelltani
Tampa Bay Times:
The Tampa Bay Times to temporarily cut print editions to Sunday and Wednesday, says digital subscription gains are not enough to make up for advertising losses — Chairman and CEO Paul Tash says “extraordinary times call for extraordinary measures.” — The Tampa Bay Times …
Discussion:
Poynter, Tampa Bay Times, Vanity Fair, @ashleycdye, @markkatches, @langstonitaylor, @clairemcneill, @jbenton, @stevebousquet, @sammy_roth, @kathrynvarn, @dohamadani, Florida Politics, @langstonitaylor, @rontimes, @scontorno, Poynter, @newsbysmiley, @marbinmiller, @craigtimes, @mcastimovies, @gabriellecalise, @jbenton, @rickedmonds and @wpjenna
The Guardian:
Hungary passes a draconian coronavirus law that allows PM Orbán to rule by decree and includes jail terms of up to five years for spreading “misinformation” — Fears over coronavirus legislation that gives no time limit for state of emergency
Discussion:
@balazscseko, Yahoo News, @michaeldweiss, @davidfrum and The Week
Ryan Parker / Hollywood Reporter:
Disney says senior executives will take temporary pay cuts with Bob Iger forgoing his entire salary and recently named CEO Bob Chapek taking a 50% pay cut — CEO Bob Chapek will take a 50 percent pay cut. — The Walt Disney Co. said on Monday that executive chairman Robert Iger will forgo …
Discussion:
@brooksbarnesnyt, The Hill, /Film, The Playlist, @johngary, @bevysmith, @theryanparker, @readdanwrite and The Wrap
Ben Smith / New York Times:
It's time for a painful shift that means abandoning most for-profit local papers with poor business models for a national network of nimble new online newsrooms — The coronavirus is likely to hasten the end of advertising-driven media, our columnist writes. And government should not rescue it.
Discussion:
Slate, Columbia Journalism Review, Poynter, @rasmus_kleis, @klr_editor, @klr_editor, @klr_editor, @sulliview, @cfelsenthal, @sammy_roth, @elilake, @nytimes, @dangillmor, @kimbui, @tonyromm, @vwpickard, The Wrap, @nytimesbusiness, @elizwgreen, @amyalex63, @mattlargey, @dkahanerules, @scmitchp, @journalismproj, @wyeates, @dankennedy_nu and @pdbeth
TheStreet:
Maven anticipates revenue to drop by $30M in 2020 and will lay off some staff, with Sports Illustrated journalists representing 6% of the overall cost reduction — Maven Media Brands (MVEN) said Monday it will be laying off employees and senior management will see a 30% reduction …
Discussion:
@baileycarlin, @kevinmdraper, @kerrymflynn and @pkafka
Erik Wemple / Washington Post:
Fox News, which “parted ways” with Trish Regan, should now let go of Sean Hannity who spouted the same harmful nonsense as Regan but to a much bigger audience — Recent personnel actions at Fox just happen to have fallen when people turn away from their phones and laptops.
Discussion:
Axios, @jeremymbarr, @rabbirami, @jeremymbarr, @michellemanafy and @mattgertz
Nesrine Malik / The Guardian:
Interview with Mehdi Hasan, whose hard-hitting interviews on Al Jazeera English become regular viral hits, on why US media is almost “irredeemable” and more — Mehdi Hasan: 'Most people ask the question and move on. I don't' — The political interviewer on how he made it in the US …
Maxwell Tani / The Daily Beast:
Vice will no longer match 401k contributions, freezes promotions through July, cuts salaries for top staff including the CEO, and will furlough some top execs — STAY AFLOAT — Vice Media will cut salaries for top staff and halt retirement benefit-matching following the economic downturn spurred by the coronavirus pandemic.
Discussion:
The Wrap and @maxwelltani
Megan Graham / CNBC:
Premium publishers like CNBC and NYT, seeing cutbacks in ad spending during COVID-19, ask ad tech companies to exempt them from coronavirus-related filters — - Online publications are seeing huge jumps in traffic, but many advertisers are blocked from appearing near content mentioning coronavirus.
Discussion:
@wexler, @megancgraham, Beet.TV, @jason_kint and @kerrymflynn
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