Top News:
Lauren Feiner / CNBC:
Netflix reports Q1 revenue of $5.77B, up 27.6% YoY, vs $5.76B est., global paid net subscriber additions of 15.77M, now totaling 182.86M accounts, up 22.8% YoY — - Netflix reported its Q1 2020 earnings after the bell on Tuesday. — Netflix has ranked among analysts' favorite …
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Netflix, Observer, Multichannel News, Financial Times, USA Today, Financial Times, Fortune, Protocol, Variety, The Wrap, New York Times, Metro.co.uk, Yahoo Finance, @adrianweckler, @lanceulanoff, The Week, @xpangler, @raheemkassam, @richlightshed, @katie_robertson, @dylanbyers, @xpangler, @carttca, @shiraovide, @jamestitcomb, @lucas_shaw, @loudmouthjulia, @loudmouthjulia, Washington Post, @richlightshed, The Stranger, Axios and Bloomberg, more at Techmeme »
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@kerrymflynn:
[Thread] Internal memos: Politico lays off 13 at Protocol as it cancels live events through at least Sept. 1, including its presence at political conventions — Didn't want to break this media news earlier because of my major conflict of interest. But I'm really sad to see another round of harsh cuts at a media company (and a new one at that!). 13 people, incl editors + reporters, lost their jobs at Protocol today https://twitter.com/...
Discussion:
Nieman Lab, @emilydreyfuss, Talking Biz News, @adamjanofsky, @mcwm, Protocol, @levisu, @haydenfield, @jimbrady, @emilydreyfuss, @bendreyfuss, @tomgara, @bydanielvictor, @polina_marinova, @lindakinstler, @emilydreyfuss, @bdayspring, @jayrosen_nyu, @dylanbyers, @emilydreyfuss, @sdkstl, @levensti, @jbenton, @emilydreyfuss, @aaschapiro, @abeaujon, @abeaujon, @abeaujon, @abeaujon, @mmmmurf, @kerrymflynn, @talkingbiznews, @jbenton, @whatthebit, @scottlucas, @stevekovach and Talking Biz News
Todd Spangler / Variety:
AT&T misses estimates, loses 138K AT&T Now customers and 897K premium TV subscribers in Q1, reports revenues of $42.78B and pulls its annual forecast — AT&T missed revenue and earnings estimates for the first quarter of 2020, with a 4.6% top-line decline driven by lower revenue …
Discussion:
The Streamable, @xpangler, CNBC, The Streamable, @brianstelter, @edmundlee, @alexweprin, The Week, The Playlist and MediaPost
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Jim VandeHei / Axios:
Axios says it qualified for a PPP loan “just shy of $5M” as it is both a media company and a small business with a national presence — Axios is among the small businesses that qualified for a PPP loan to protect existing jobs and help weather the coronavirus crisis.
Discussion:
CNBC, @elise_jordan, @shaig, @harrysiegel, @megancarpentier, @owillis, @brianstelter and @dicktofel
Wall Street Journal:
Internal planning document for Vice Media Group lays out the possibility of layoffs of 300+ in digital operations, including cuts at Vice News and Refinery29 — Planning document calls for over 300 layoffs, though company says several such proposals are being worked up
Discussion:
Columbia Journalism Review, Fast Company, Axios, The Hill, @alex, @loudmouthjulia, @robenfarzad, @asharma, @kantrowitz, @elanazak, @benmullin, @jherrerx, @keachhagey, @mathewi, @markdistef and @benmullin
Zack Beauchamp / Vox:
Study of Fox News programming from February to early March finds those watching Sean Hannity over Tucker Carlson were less likely to adhere to social distancing — Sophisticated new research links Hannity's coronavirus misinformation to “a greater number of Covid-19 cases and deaths.”
Discussion:
@zeynep, BFI, @gelliottmorris, @mehdirhasan, @davidjuurlink, @arunningriot, @voxdotcom, @zackbeauchamp, @zackbeauchamp, @atrupar, @slpng_giants, @samseder, @coqui6190 and @holden
Rick Edmonds / Poynter:
Tribune Publishing requires most non-union employees earning between $40,000 and $67,000 a year to take three weeks of furloughs in the next three months — Tribune Publishing is requiring most non-union employees earning between $40,000 and $67,000 a year to take three weeks of furloughs in the next three months.
Discussion:
American Press Institute and Adweek
Sarah Perez / TechCrunch:
Spotify launches Artist Fundraising Pick, letting artists fundraise for themselves, their crews, or verified music relief initiatives — Last month, Spotify announced that as part of its coronavirus relief efforts it would soon add new fundraising features for artists on its platform.
Discussion:
Variety, NME and Music Business Worldwide
Mark Sweney / The Guardian:
Disney co-founder's granddaughter Abigail Disney criticises the company for protecting exec bonuses and dividends of $1.5B+ while cutting pay of 100K+ workers — Abigail Disney hits out at executive payouts while staff weather coronavirus impact — An heir to the Walt Disney fortune …
Discussion:
@abigaildisney, @gunnergale, Hollywood Reporter, @brett_a_taylor, @davidcorndc, @miafarrow and The Kingdom Insider
Shuchi Bansal / Livemint:
BloombergQuint, Bloomberg's joint venture in India with Quintillion, shuts TV division after failing to get a broadcast license; source: BQ is writing off $26M — - It had FIPB nod for a 74:26 joint venture in November 2016 to operate an English language business news channel
Discussion:
@kapur_ritu and @rasmus_kleis
Financial Times:
Some of UK's biggest publishers criticize Google for failing to adequately explain its approach to blocking and filtering ads alongside COVID-19-related content — Tech group asked to provide greater clarity over how it filters ads around coverage of pandemic
Discussion:
@markdistef and @jason_kint
Charlotte Tobitt / Press Gazette:
UK's Newsquest launches a metered paywall across all of its daily newspapers, but will keep all COVID-19 content and breaking news stories free to read — Newsquest has introduced a digital subscription model across all of its daily newspaper websites, putting up a paywall to readers …
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