Top News:
CNBC:
Disney reports $18.01B in Q2 revenue vs. $17.8B expected, up 21% YoY, estimates COVID-19 impact on Q2 operating income for parks and experiences was about $1B — - Disney reported mixed results for its Q2 2020 earnings after the bell on Tuesday. — The pandemic has disrupted Disney's theme parks …
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Broadcasting & Cable, The Wrap, Variety, Multichannel News, Variety, Deadline, Fast Company, /Film, Axios, Deadline, Bloomberg, @realwillmeade, @alexweprin, @richlightshed, @alexweprin, @natjarv, @natjarv, @xpangler, @xpangler and @cnbc
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Jessica Bursztynsky / CNBC:
Disney+ has seen paid subscribers grow from 33.5M in March to 54M in May, nearly meeting its launch date projection of 60M-90M users by the end of 2024 — - Disney announced Tuesday that it saw growth across all of its streaming service platforms in the past quarter.
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Hollywood Reporter
Jeremy Barr / Hollywood Reporter:
NBCUniversal announces a 20% pay cut for members of top management who report directly to CEO Jeff Shell and rolls back raises for those making over $100,000 — Chief executive Jeff Shell on Tuesday laid out the cost-saving measures in a staff memo. — NBCUniversal CEO Jeff Shell's …
Discussion:
Variety, Wall Street Journal, The Wrap, New York Post, Variety and The Wrap
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Elizabeth Wagmeister / Variety:
Sources: NY AG launched a broad-scoped investigation late last year into allegations of sexual harassment, retaliation, and gender discrimination at NBC News — Time's Up Says Joe Biden Addressed Sexual Assault Allegation With ‘Seriousness It Deserves,’ Then Points Finger at Trump
Discussion:
Deadline, TVNewser, Daily Mail, The Hill, Mediaite, @cam_cawthorne, @ewagmeister, @ewagmeister, @kateaurthur, @ewagmeister, @ewagmeister, @ewagmeister, @ewagmeister, @ewagmeister, @natemcdermott and The Wrap
The Daily Beast:
Sources: Andy Lack was blindsided by the NBC News restructuring announcement that also put Noah Oppenheim, who was expected to succeed Lack, on shaky ground
Sources: Andy Lack was blindsided by the NBC News restructuring announcement that also put Noah Oppenheim, who was expected to succeed Lack, on shaky ground
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Washington Post, @brianstelter, @marvk, @thedailybeast, @kimmasters, @jimrutenberg and @kimmasters
Hollywood Reporter:
Telemundo chief Cesar Conde to oversee NBC News, MSNBC, and CNBC as chairman of NBCUniversal News Group, succeeding Andy Lack, who will be leaving the company
Telemundo chief Cesar Conde to oversee NBC News, MSNBC, and CNBC as chairman of NBCUniversal News Group, succeeding Andy Lack, who will be leaving the company
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@marcatracy, New York Times, Mediaite, @brianstelter, @melsil, Ad Age, Deadline, @profkfh, @kimmasters, @thr, @nytimes, @sil_lai, @laceyvrose, @slthomas, @jeremymbarr, @jasonlynch, @thr, @marcatracy, @oliverdarcy, CNN and The Wrap
Digiday:
Sources: YouTube is developing a tool for news publishers to sell subscriptions to their digital properties via their YouTube channels — YouTube's latest olive branch to news publishers extends to publishers' own subscription businesses. — YouTube is developing a tool for news publishers …
Discussion:
Nieman Lab, @kerrymflynn and @sizpatel
BuzzFeed:
BuzzFeed names Mark Schoofs as EIC of BuzzFeed News, starting May 18; a Pulitzer winner, Schoofs is currently a professor at USC, where he'll continue to teach — NEW YORK/LOS ANGELES — BuzzFeed Founder and CEO Jonah Peretti announced today that Mark Schoofs will be the new Editor-in-Chief of BuzzFeed News.
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The Wrap, @schoofsfeed, Press Gazette, New York Times, Variety, MediaPost, @benyt, Wall Street Journal, @peretti, @annenbergmedia, @melissadsegura, @dicktofel, The Hill, @miriamelder, @tomnamako, @annehelen, Axios, @buzzfeednews, @cwarzel, @jeremymbarr, @jayrosen_nyu, @jasonleopold, @o_ema, @felixsalmon, Mediaite, @jeremymbarr, @schoofsfeed, @saba_h and @chrisgeidner
John Ourand / Sports Business Daily:
Sources: despite 2 months without live sports, ESPN isn't close to breaching affiliate deals, meaning distributors can't start seeking rebates until Sept. 2021 — After a 7-week hiatus, SBJ Media returns tonight and will be delivered to your inboxes every Monday and Wednesday.
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@alexmsilverman, @aquinas82nd, @richlightshed, @emptyseatspics and Awful Announcing
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ExchangeWire.com:
UK's Reach makes Mantis, its tool for detecting neutral or positive articles, available via Xandr, allowing ads to run on currently keyword-blocked content — A collaboration between IBM and Xandr, AT&T's advanced advertising company, and the UK's largest commercial news publisher Reach …
Discussion:
Digiday and Mediatel News
Jason Gutierrez / New York Times:
ABS-CBN, a leading Philippines network that has closely covered President Duterte's brutal reign, shuts off after Duterte and allies refuse to renew its license — ABS-CBN has closely documented President Rodrigo Duterte's brutal war on drugs that has left thousands of people dead.
Discussion:
BBC, CBS News, Yahoo News, @barnabychuck and @ustjrnsoc
Georg Szalai / Hollywood Reporter:
AMC Networks Q1: net income of $69M vs. $143M in Q1 2019 on revenue of $734M, down 6.4% YoY; US ad revenue fell ~11% YoY with a 30% drop expected in Q2 — The company, led by CEO Josh Sapan and the home of ‘The Walking Dead,’ raised its streaming subscriber forecast and discussed …
Discussion:
The Wrap, AMC Networks Inc., @thr, Broadcasting & Cable, The Wrap and The Streamable
Robert Channick / Chicago Tribune:
The union representing Chicago Tribune newsroom staff and other Tribune workers is trying to unseat 2 board members representing hedge fund Alden Global Capital — The union representing newsroom employees at the Chicago Tribune and other Tribune Publishing newspapers is waging a proxy campaign …
Discussion:
@chicagotribune, @royalpratt, @gaufre and @baltsunguild
Ashley Carman / The Verge:
Google launches Google Podcasts Manager, which provides performance metrics like listener retention data but won't provide demographic info “at this time” — Bringing it up to par with Apple Podcasts and Spotify — Google Podcasts is going to give podcasters a better idea of how their episodes perform.
Gerry Smith / Bloomberg:
NPR cuts pay on a sliding scale and ends contributions to its retirement plan as the pandemic pushes up projected losses to as much as $53M over two years — - Cost cuts are bid to ‘save jobs and support the future of NPR’ — Organization could lose up to $53 million over next two years
Fern Siegel / The Streamable:
TiVo partners with Pluto TV to add the latter to its TiVo+ Content Network — The alliance between free Pluto TV and TiVo means the latter's customers can seamlessly access the streamer's channels and on-demand content. — The deal nicely expands Pluto's reach. The platform offers 250-plus channels, from news to comedy.
Discussion:
Broadcasting & Cable
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