Top News:
Marc Tracy / New York Times:
NYT Q1: net income up 8.9% YoY to $32.8M on revenue of $443.6M, up 1% YoY, ad rev fell 15.2% YoY, digital subscriptions grew 39.6% YoY to 5M of 5.8M total subs — Widespread interest in coronavirus coverage drew nearly 600,000 digital subscribers during three months of 2020.
Discussion:
Press Gazette, Nieman Lab, Adweek, CNN, Wall Street Journal, Business Wire, @cliffordlevy, @marcatracy, MediaPost, @rasmus_kleis, @kerrymflynn, @jbenton, @dleonhardt, @nytimes, @gerryfsmith, @nickconfessore, @edmundlee, @frankpallotta, @palafo, @jyarow, @nytimespr, @soledadobrien, @edmundlee, @marcatracy, @will_bunch, @marcatracy, @stevekopack, @abgutman, @marklittlenews, @nickkristof, @marcatracy, @evanchill, @marcatracy, The Wrap, @jswatz, @jeffreyt1, @nytimespr, @suzannelynch1, @stuartathompson, @jimrutenberg, @bydanielvictor, AdExchanger, @bethkassab and Talking Biz News
New York Times:
Facebook announces the first 20 members of its Oversight Board, out of a total of 40, including ex-Guardian editor Alan Rusbridger — The company's independent oversight body will focus on challenging content issues, such as hate speech and harassment. — The authors are co-chairs of Facebook's oversight board.
Discussion:
@hadas_gold, @nytopinion, Oversight Board, NPR, Reason, The Week, Politico, About Facebook, The Verge, @sivavaid, @oversightboard, @parkermolloy, @dlberes, @jameeljaffer, @slpng_giants, @kevinroose, @hellethorning_s, @jamalgreene, @filip_struharik, @dexbarton, @evelyndouek, @nighatdad, @columbialaw, @broderick, @daphnehk, Engadget, CNET, @niemanlab, @rasmus_kleis, @adamboultonsky, @caseynewton, @mvzelenks, @jeffjarvis and @umairh, more at Techmeme »
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Alan Rusbridger / OneZero:
Some will inevitably see Facebook's Oversight Board as a fig leaf, but in my view, there's no excuse for not trying — Former Guardian editor Alan Rusbridger on why the social media giant ‘needs independent, external oversight’ — Alan Rusbridger was the editor in chief of The Guardian between 1995-2015.
Discussion:
@arusbridger, @evelyndouek, The Week and @jodieginsberg
Radio & Television Business Report:
Sinclair Broadcasting agrees to pay a $48M penalty and abide by what the FCC calls a “strict compliance plan” in order to close three FCC investigations — The FCC late Wednesday afternoon announced the largest civil penalty involving a broadcaster in the agency's 86-year history.
Discussion:
The Hill, @fcc, The Wrap, Variety, Federal Communications …, Broadcasting & Cable, @farhip and @brianstelter
Tom Jones / Poynter:
Reporter describes harassment by Trump supporters for wearing masks outside a Honeywell plant while Trump was inside thanking staff for making masks — Reporters covering President Donald Trump's visit to a Honeywell plant in Arizona on Tuesday faced nasty words from a small group of his supporters.
Discussion:
@brieannafrank, @poynter, @mollyjongfast, @petridishes, @diannananez, @brieannafrank, @brieannafrank and @jayrosen_nyu
Joe Mandese / MediaPost:
Axel Springer to merge eMarketer and Business Insider Intelligence to form Insider Intelligence — eMarketer, founded in 1996 and acquired by German publishing company Axel Springer in 2016, is being merged with Business Insider Intelligence, a research and reports division launched in 2015 …
Discussion:
Digiday
Todd Spangler / Variety:
Internal email: BuzzFeed's Peretti announces plans to keep losses under $20M, including furloughs for 68 who keep health insurance and extending salary cuts — BuzzFeed, still hoping to avoid layoffs during the economic downturn caused by COVID-19, will furlough 68 staffers without pay starting next week through mid-August.
Discussion:
@maxwelltani, TechCrunch, @djbootheic and @xpangler
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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
Discussion:
New York Times, @schoofsfeed, @benyt, The Wrap, Talking Biz News, @chandlerfrance_, @willow_bay, @peretti, @galenbacharier, Press Gazette, @annenbergmedia, @melissadsegura, @dicktofel, The Wrap, @chrisgeidner, @jayrosen_nyu, @miriamelder, @o_ema, @annehelen, @felixsalmon, @cwarzel, @buzzfeednews, @tomnamako, @schoofsfeed, @jasonleopold, @jeremymbarr, @saba_h, @jeremymbarr, MediaPost, Variety, Wall Street Journal, Mediaite, The Hill and Axios
CNN:
In Trump's first TV interview outside the Fox-verse since the start of the pandemic, ABC's David Muir let Trump float brazen misinformation to millions — When he sat down to interview President Trump, David Muir had an enormous responsibility on his hands.
Discussion:
Fox News, Columbia Journalism Review, Polls, Mediaite, Vanity Fair, @jayrosen_nyu, @ericboehlert, @oliverdarcy, TVNewser and ABC News
Natasha Lomas / TechCrunch:
European Data Protection Board publishes updated guidelines arguing that scrolling and “cookie walls”, which block users from content, don't constitute consent — You can't make access to your website's content dependant on a visitor agreeing that you can process their data — aka a ‘consent cookie wall’.
Discussion:
@jeremiahlee, @counternotions and Engadget, more at Techmeme »
Ashley Carman / The Verge:
Source: Spotify is testing video podcasts in its app, starting with two YouTube stars — The test is coming to half of Zane Hijazi and Heath Hussar's audience — Spotify is now testing video podcasts in its app, starting with two YouTube stars: Zane Hijazi and Heath Hussar, hosts of Zane and Heath: Unfiltered.
Discussion:
@ashleyrcarman, @podcastsincolor, @lucas_shaw and Engadget, more at Techmeme »
The Information:
Sources: WarnerMedia has had talks about selling Crunchyroll, a streaming service that specializes in Japanese anime, with Sony among possible buyers — AT&T's WarnerMedia has had discussions about selling Crunchyroll, a streaming service that specializes in Japanese anime, according to people familiar with the matter.
Discussion:
@cityofthetown, @laureninspace, @lheiskell and Digiday
Nicholas Quah / Nieman Lab:
Campside Media, with three journalists and a screenwriter-producer, was formed in part to capitalize on Hollywood interest in podcast stories as adaptable IP — Welcome to Hot Pod, a newsletter about podcasts. This is issue 257, dated May 5, 2020. — Pandemic watch. It's Cinco de Mayo.
Columbia Journalism Review:
A look at polarization within the Indian media, divided over Modi's government and whether to indulge Islamophobia, and how it is shaping COVID-19 coverage — On April 21, Facebook announced a $5.7 billion investment in Jio Platforms Limited, India's largest—and the world's third-largest …
Discussion:
The Duologue Newsletter
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 …
Discussion:
The Wrap, The Walt Disney Company, Axios, CNBC, Broadcasting & Cable, The Wrap, Forbes, @orlandosentinel, Observer, 9to5Mac, Variety, Morning Brew, @brentalang, @sherman4949, @realwillmeade, @alexweprin, @richlightshed, @alexweprin, @natjarv, @natjarv, Deadline, @xpangler, @xpangler, @cnbc, Bloomberg, Fast Company and Deadline
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