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11:10 AM ET, April 30, 2020

Mediagazer

 Top News: 
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.
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
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 …
Doug Sword / Roll Call:
Some House Democrats still want to change pension rules to help McClatchy, The San Diego Union-Tribune, and Newspapers of New England, but critics are skeptical  —  Proposal would allow more newspapers to benefit from pension relief, though critics say industry problems were evident long before COVID-19
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”
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  —  (CNN Business)A version of this article first appeared in the “Reliable Sources” newsletter.  You can sign up for free right here.
Caleb Ecarma / Vanity Fair:
Profile of The American Conservative, a publication aiming to take advantage of Trump's populist realignment of the GOP and styled as The Atlantic for the right  —  TAC was MAGA on trade before Trump, anti-war when the neocons ruled.  Its new acting editor is hoping to be an intellectual driver …
Discussion: @kausmickey
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  —  The Guardian's reader revenues have grown at record rates since the coronavirus crisis began and one of the UK's biggest regional dailies follows …
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  —  Cineworld, owner of the Regal Entertainment exhibition chain, is joining AMC Theatres in refusing to play any Universal Pictures films …
RELATED:
Thom Geier / The Wrap:
Universal says Trolls World Tour on-demand release has netted ~5M downloads; source: it's made $77M in revenue from the 80% it retains from digital rental fees
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: 
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
Kelly McBride / NPR:
NPR's public editor says a story on unemployment benefits through the eyes of a coffee shop owner had “relatively minor” flaws but drew criticism from cynics
Max Willens / Digiday:
As Facebook ad rates nosedive, publishers are using them to drive subscribers; Condé Nast says 50% of its new subscriptions are from paid efforts
 Earlier Picks: 
NY State Attorney General:
New York AG calls on seven major cable and satellite TV providers to reduce or eliminate live sports programming fees during the pandemic
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
The New York Times Company:
Kara Swisher is leaving her Recode Decode podcast on July 1 to produce a new twice-weekly podcast for NYT's Opinion section