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.
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:
CNBC, Broadcasting & Cable, The Wrap, The Walt Disney Company, Variety, WDW News Today, @brentalang, @sherman4949, Morning Brew, @alexweprin, @xpangler, @xpangler, @realwillmeade, @richlightshed, @natjarv, @natjarv, @cnbc, @alexweprin, Bloomberg, Multichannel News, Variety, Deadline, Fast Company, /Film, Axios and Deadline
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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.
Discussion:
Hollywood Reporter, more at Techmeme »
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:
Wall Street Journal, The Wrap, Variety, New York Post and Variety
Will Oremus / OneZero:
Interviews with Emily Bell and Ken Doctor highlight potential gains and pitfalls if Silicon Valley giants were to start compensating news producers — With news outlets in crisis, some countries are turning to Big Tech to save them. That's trickier than it sounds. — News media are in crisis.
Discussion:
Beyond Search, @jeffjarvis, @rasmus_kleis, The Verge, @ozm, @willoremus, @yeahyeahyasmin, @dlberes, @bryson_m, @kerrymflynn, @donie, @lenoretaylor, Free Press, B&TB&T, news.com.au, The Spinoff and The Guardian
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 and @lheiskell
Dave McNary / Variety:
Authentic Brands and David Glasser's 101 Studios partner to launch Sports Illustrated Studios, with plans for several TV series and feature films per year — Sports Illustrated Studios is launching to develop feature film and television projects as a joint venture between David Glasser's 101 Studios …
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.
Discussion:
New York Times, Columbia Journalism Review, @schoofsfeed, @benyt, Press Gazette, The Wrap, MediaPost, Variety, @peretti, Wall Street Journal, CNN, @willow_bay, @annenbergmedia, @melissadsegura, @dicktofel, @galenbacharier, @chandlerfrance_, @chrisgeidner, @jayrosen_nyu, @miriamelder, @o_ema, @annehelen, @felixsalmon, @cwarzel, @buzzfeednews, @tomnamako, @schoofsfeed, @jasonleopold, @jeremymbarr, @saba_h, @jeremymbarr, Mediaite, Axios, The Hill, @adndotcom, @latimes, @iraglass and @yamiche
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, @kenroth, @senatorwong, @rapplerdotcom, @hrw_ph, @willripleycnn, @pearsonelaine, @johnmtg1997, @ustjrnsoc, @barnabychuck, @moveph, @houseforeign, @moveph, @dahliadenoire, @moveph, CBS News, Yahoo News and RAPPLER
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, @baltsunguild, @tshortell, @gaufre, @tidewaterguild and @rumormill
Bloomberg:
Spotify CEO expects Apple to “open up” its platform more to 3rd-party apps, after Spotify's antitrust complaint with the EU, but sees it as a long-term process — - Apple plans to let other music services integrate with HomePod — Ek says ‘steps to go before’ Apple is open and fair platform
Discussion:
@andrewornot, Softpedia News and The Verge, more at Techmeme »
Angela Lashbrook / OneZero:
A look at Libro.fm, an indie audiobook company, and Bookshop.org, whose 10% affiliate share extends to its 3K+ partners, including NYT, Vox, and 560 bookstores — Bookshop and Libro.fm hope to change your shopping habits. Will it last after the pandemic?
Discussion:
@ozm, @medium, @ozm, @dlberes, @bookshop_org, @lemonsand and @lmatsakis, more at Techmeme »
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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