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4:10 PM ET, April 30, 2020

Mediagazer

 Top News: 
Ben Smith / New York Times:
Jim Waterson / The Guardian:
Amazon to cut Kindle ebook prices in UK from Friday as the 20% VAT on online publications is dropped; government to spend £35M on newspaper ads over 3 months  —  Chancellor drops 20% levy on online news subscriptions and books as industry struggles  —  Amazon has confirmed it will cut …
Melynda Fuller / MediaPost:
McClatchy rolls out a text-to-speech feature, which creates audio versions of articles with ad inserts; its pilot program saw story page views rise 89%  —  Readers of McClatchy's 30 news outlets can now access stories through a new text-to-speech audio feature.
Discussion: The Hill and @kolbemarket
Sara Fischer / Axios:
The Hollywood Reporter names AP's Nekesa Mumbi Moody editorial director, replacing Matthew Belloni, who quit over reported disputes with owners on news coverage  —  Nekesa Mumbi Moody has been named editorial director of The Hollywood Reporter, joining the publication after more than two decades …
Laura Wagner / VICE:
Tribune Publishing staffers staged a protest in an internal Slack channel, after the company announced furloughs and pay cuts of 2%-10% while paying dividends  —  More than 100 Tribune Publishing employees told off their bosses in an internal Slack channel yesterday, calling out executives …
Zoe Samios / Sydney Morning Herald:
In Australia, Bauer Media suspends print publication of Harper's Bazaar, Elle, OK!, and Now and lays off 70 people as it acquires Pacific Magazines for $40M  —  Bauer Media is making 70 staff redundant and temporarily suspending the print editions of titles including OK! …
Trey Williams / The Wrap:
ViacomCBS has laid off at least 100 employees, including top executives at the Smithsonian Network and Comedy Central as well as MTV and LogoTV staff  —  CEO Bob Bakish sent a letter to staff on Wednesday reassuring them, “we are focused on making their transitions easier at this time”
Ingrid Lunden / TechCrunch:
Twitter reports Q1 revenue of $808M, up 3% YoY, and ad revenue of $682M, up about $3M YoY, with cost per engagement down 19% YoY, and 166M mDAUs, up 24% YoY  —  Despite traffic for many online properties being at an all-time high, advertising has fallen off a cliff because of the downturn …
Kerry Flynn / CNN:
Journalists in several newsrooms owned by Gannett have been blocked from hosting union elections because management has yet to agree to mail-in ballots  —  New York (CNN Business)Journalists at the Idaho Statesman, a McClatchy-owned newspaper in Boise, voted unanimously to form a union on Wednesday.
CNBC:
Comcast Q1: NBCU earnings fell 25.3% to $1.7B on revenue of $7.7B, down 7%, with film revenue down 22.5% YoY to $1.4B and ad revenue down 2.2% YoY  —  - Comcast posted $2.1 billion in net income for the first quarter.  That's roughly 40% lower than the first quarter last year when Comcast earned more than $3.5 billion.
The Daily Beast:
NY Post announces cost-cutting measures, including laying off staff, cutting freelance budgets, and freezing hiring; sources: over a dozen have been laid off  —  Employees were informed Wednesday of plans to freeze all new hiring, cut and even eliminate most freelance budgets, and lay off some staff.
Ingrid Lunden / TechCrunch:
Spotify beats with Q1 revenue of €1.8B and net income of €1M, with MAUs up 31% YoY to 286M, premium users up 31% to 130M, and ad-supported MAUs up 32% to 163M  —  The coronavirus may be decimating some corners of the economy, but the impact on the digital music …
RELATED:
Sarah Perez / TechCrunch:
Spotify-owned Anchor introduces a feature that will allow creators to turn their video chats and virtual hangouts into podcast-ready audio
 
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 More News: 
Reuters:
AT&T says it will bring its advertising unit Xandr under its WarnerMedia label
Timothy B. Lee / Ars Technica:
The US Supreme Court has upheld the right to freely share the official annotated law code of Georgia despite the state's claim to own the copyright of the code
Andy Baio / Waxy.org:
Roc Nation files copyright claim over deepfake YouTube videos that use AI to impersonate Jay-Z's voice, raising new copyright and fair use questions
 Earlier Picks: 
Oliver Darcy / CNN:
Tucker Carlson hyped a YouTube video of two doctors who incorrectly downplayed the COVID-19 threat, and the Fox host also slammed YouTube for removing the video
Dave McNary / Variety:
Cineworld joins AMC Theatres in refusing to show Universal Pictures films after NBCUniversal CEO's promise to open titles simultaneously on PVOD and in theaters
Patrick Brzeski / Hollywood Reporter:
Head of China's Film Bureau says cinemas are expected to reopen in early June; Chinese officials estimate lost box office revenue at $4.2B in total so far
Charlotte Tobitt / Press Gazette:
The Guardian says it had 821,000 readers making monthly contributions at the end of March, up 23% YoY; digital app subscriptions grew by 39% YoY to 265,000