Top News:
Brian Stelter / CNN:
CNN's Chris Cuomo has been diagnosed with COVID-19, but he says he is feeling well and will continue anchoring his show from his home — New York (CNN Business)CNN anchor Chris Cuomo has been diagnosed with Covid-19, the network said in a memo to employees on Tuesday.
Discussion:
@chriscuomo, @nygovcuomo, Mediaite, New York Times, Washington Post, TVNewser, The Wrap, @andrewyang, @vanlathan, @davidshepardson, @bykellycohen and @marygeorgant
Ken Doctor / Nieman Lab:
COVID-19 has gravely accelerated the need for newsrooms to confront issues like need for talent, appropriate staff size, and cutting print days, among others — As local newspapers' businesses hit the skids, they're finding themselves careening right now into a future they'd thought was still several years away.
Discussion:
@ckrewson, @jbenton, @brynstole, @brettdl, @jbenton, Tampa Bay Times, @sulliview and New York Times
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Kristen Hare / Poynter:
Lee Enterprises implements pay reductions and furloughs equivalent to two weeks' salary in the third quarter, while the executive team will take a 20% pay cut — The company joins other media orgs hit hard by the coronavirus pandemic — Lee Enterprises joined the list of news organizations hit hard by the coronavirus on Tuesday.
Discussion:
@sulliview, @jsodonoghue, @cgrueskin, United Media Guild, @itsren, @mariealbiges, @_ryan_blake and @amyrsisk
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
Discussion:
Digiday, Business Insider 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
Discussion:
MediaPost, American Press Institute, Poynter, Vanity Fair, Poynter, @ashleycdye, Tampa Bay Times, @gabriellecalise, @marbinmiller, @langstonitaylor, @newsbysmiley, @markkatches, @sammy_roth, @scontorno, @jbenton, @jbenton, @kathrynvarn, @stevebousquet, @rickedmonds, @clairemcneill, @dohamadani, @langstonitaylor, @rontimes, @craigtimes, @mcastimovies, Florida Politics, Poynter and @wpjenna
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
Discussion:
@gregholmannl, Poynter, @thesarahkelly, @aaron_leib, @rachelwalexande, The Hill, @rachelacrosby, @aprilehrlich, @ryanchittum, @markferenchik, @brianduggan, @jemelehill, @gerryconway, @pkafka, @emdrums, @reporterdavidj, @dicktofel, @thrasherxy, @reporteramber, @lpolgreen, @brynstole, @craftypanda, @rickedmonds, @maxwelltani, @tednesi, @maxwelltani, Awful Announcing, The Wrap, New Jersey Globe and Florida Politics
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
Discussion:
Business Wire, Washington Post, @mavencoalition, @jaseidler, @readdanwrite, @benjstrauss, @baileycarlin, @kevinmdraper, @kerrymflynn, AdExchanger and @pkafka
Chris Best / Substack Blog:
Substack donates $100K in grants to writers struggling due to pandemic, drops its cut of subscription revenue for pubs donating earnings to COVID-19 causes — We started Substack because we believe that what you read matters and good writing is valuable. We believe that writers, bloggers …
Discussion:
TechCrunch
Marc Tracy / New York Times:
Profile of STAT, a science and medical news site that was early to cover COVID-19 and has attracted ~30M unique visitors this year, 4x to 5x its usual traffic — Stat, started in 2015 by the Red Sox owner John Henry, is drawing four to five times its normal audience. “We were built for this,” one of its editors said.
Discussion:
@marcatracy, @davemcclure and @pathtweets
Daniel Bernhard / Toronto Star:
Canadian media, starved of ad revenues for years, is on the brink of mass extinction due to the pandemic; CBC cancelled all local TV news broadcasts last week — By some industry estimates, many of our major media outlets will fail within weeks. Starved of advertising revenues for years …
Discussion:
@robshaw_vansun, @akurjata, @sulemaan and @rosajsaba
Joshua Benton / Nieman Lab:
Free alt-weekly Chicago Reader lost 90% of its ad revenue and is turning to ideas like a fundraising colouring book and a souvenir issue to fill the funding gap — Considering the regimentation of pre-digital publishing — repeating the same workflows day after day, week after week — journalists are very adaptable animals.
Discussion:
@mdoukmas, @briannawellen and @niemanlab
Todd Spangler / Variety:
Spotify for Kids launches in the US, Canada, and France on the $14.99/month Spotify Premium Family tier with 8,000 songs, of which 50% is localized — Spotify is giving more housebound parents — and their cooped-up kids — a new tool to cope with the COVID-19 pandemic.
Discussion:
Spotify, TechCrunch and The Verge, more at Techmeme »
John Ourand / Sports Business Daily:
Sources: DAZN is telling sports leagues it won't pay rights fees for any suspended games, will defer payments for future seasons; some staff to be furloughed — DAZN has started telling sports leagues that it will not pay rights fees for any games that have been suspended or content …
Discussion:
The Streamable and Awful Announcing
Tony Maglio / The Wrap:
Fox withdraws financial guidance, citing delayed productions and sports cancellations and postponements, and says it plans to amend agreements with lenders — Fox is the latest major media corporation to walk back its prior financial guidance due to the impact of the continuing coronavirus pandemic.
Discussion:
Multichannel News, Hollywood Reporter, Variety and Broadcasting & Cable
Freddy Mayhew / Press Gazette:
The BBC warns that decriminalizing nonpayment of the TV license fee would cost the service more than £1B over 5 years and require significant programming cuts — The BBC has warned that decriminalising non-payment of the TV licence fee would cost it more than £1bn over five years and …
Discussion:
@toooldforit and @arusbridger
Jason Lynch / Adweek:
IAB postpones its now-virtual Digital Content NewFronts by two months to the week of June 22 — Annual event moves from late April to week of June 22 — Key insights: — Buyers are increasingly skeptical that upfront talks can take place in the traditional timeframe.
Discussion:
Variety, Broadcasting & Cable, IAB, MediaPost and AgencySpy
David Chavern / News Media Alliance:
News Media Alliance and America's Newspapers CEOs send an open letter to Trump, McConnell, and Pelosi about need for federal gov't help in sustaining local news — President and CEO of the News Media Alliance, David Chavern, and CEO of America's Newspapers, Dean Ridings …
Discussion:
@sarafischer
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