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, Adweek, CNN, Wall Street Journal, Business Wire, @cliffordlevy, @marcatracy, @rasmus_kleis, @kerrymflynn, @jbenton, @dleonhardt, @nytimes, Adweek, @gerryfsmith, @nickconfessore, @edmundlee, @frankpallotta, @palafo, @jyarow, @nytimespr, @soledadobrien, @edmundlee, @marcatracy, @will_bunch, @marcatracy, @stevekopack, @abgutman, @marklittlenews, @nickkristof, @marcatracy, @evanchill, @marcatracy, @jswatz, @jeffreyt1, @nytimespr, MediaPost, @suzannelynch1, @stuartathompson, @jimrutenberg, @bydanielvictor, @bethkassab, Talking Biz News, AdExchanger and The Wrap
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, @evelyndouek, @nicsuzor, @profgalloway, NPR, The Week, Politico, About Facebook, The Verge, @sivavaid, @oversightboard, @parkermolloy, @dlberes, @jameeljaffer, @slpng_giants, @kevinroose, @hellethorning_s, @jamalgreene, @matthewstoller, @filip_struharik, @catoinstitute, @dexbarton, @evelyndouek, @nighatdad, Reason, @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:
Los Angeles Times, Deadline, Poynter, Federal Communications …, The Hill, Engadget, @fcc, The Wrap, Variety, @brianstelter, @jonhumbert, @sdkstl, @digiphile, @ashleylynch, @farhip and Broadcasting & Cable
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
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.
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, @djbootheic, @xpangler and TechCrunch
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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, American Press Institute, Talking Biz News, The Wrap, @chandlerfrance_, @willow_bay, @peretti, @galenbacharier, @annenbergmedia, @melissadsegura, @dicktofel, @chrisgeidner, @jayrosen_nyu, Press Gazette, @miriamelder, @o_ema, @annehelen, @felixsalmon, @cwarzel, @buzzfeednews, @tomnamako, @schoofsfeed, @jasonleopold, @jeremymbarr, @saba_h, @jeremymbarr, The Wrap, MediaPost, Variety, Wall Street Journal, The Hill, Mediaite and Axios
Tim Baysinger / The Wrap:
Fox beat estimates with $3.44B in revenue for the quarter ending March 31, aided by Super Bowl ads; net income fell to $90M from $539M in same quarter of 2019 — But Fox warns of forthcoming impact from coronavirus pandemic — The Super Bowl may have been bad for the San Francisco 49ers, but it was good for Fox.
Discussion:
Variety, Broadcasting & Cable, Variety and Multichannel News
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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
Discussion:
The Walt Disney Company, Forbes, @orlandosentinel, Axios, The Wrap, 9to5Mac, CNBC, Observer, Broadcasting & Cable, The Wrap, Morning Brew, @brentalang, @sherman4949, @realwillmeade, Variety, @alexweprin, @richlightshed, @alexweprin, @natjarv, @natjarv, @xpangler, @xpangler, @cnbc, Deadline, Bloomberg, Fast Company and Deadline
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, @nbashaw, @lucas_shaw and Engadget, more at Techmeme »
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.
Michael Potuck / 9to5Mac:
NBCUniversal's streaming Peacock service will be integrated with the Apple TV app at launch on July 15, as well as available through the Peacock iOS/tvOS app — NBCUniversal officially took the wraps off its Peacock streaming service back in January and kicked off a limited release for Comcast and Cox customers in April.
Discussion:
Broadcasting & Cable, Deadline and Variety
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 …
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