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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CNBC, Broadcasting & Cable, The Wrap, The Walt Disney Company, Variety, WDW News Today, Morning Brew, @brentalang, @sherman4949, @alexweprin, @xpangler, @xpangler, @realwillmeade, @richlightshed, @natjarv, @natjarv, @cnbc, @alexweprin, Bloomberg, Multichannel News, Variety, Deadline, Fast Company, /Film, Axios and Deadline
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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:
Business Wire, @jswatz and @gerryfsmith
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, Variety and The Wrap
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:
@schoofsfeed, @benyt, New York Times, Press Gazette, The Wrap, MediaPost, Variety, @peretti, Wall Street Journal, @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, @yamiche and Los Angeles Times
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:
@jeffjarvis, @rasmus_kleis, The Verge, @kerrymflynn, @donie, @willoremus, @yeahyeahyasmin, @dlberes, @ozm, @bryson_m, @lenoretaylor, Free Press, B&TB&T, news.com.au and The Guardian
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:
Softpedia News, @andrewornot and The Verge, more at Techmeme »
Georg Szalai / Hollywood Reporter:
Discovery reports Q1 earnings of $377M, down 2% YoY, on revenue of $2.68B, down 1% YoY; US ad revenues were unchanged and distribution revenues increased 2% — The company, led by CEO David Zaslav, reports its first-quarter results. — Discovery on Wednesday reported better-than-expected earnings …
Discussion:
The Wrap and PR Newswire
Mark Sweney / The Guardian:
UK broadcaster ITV says it had furloughed about 800 staff after ad revenues fell 42% in April; in March, ITV predicted a 10% fall in ad revenues for April — ITV has revealed the scale of the impact of coronavirus as advertising slumped 42% in April, forcing the broadcaster to take measures including furloughing 800 staff.
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, @lemonsand and @lmatsakis, more at Techmeme »
Tim Peterson / Digiday:
After the surge in video views of coronavirus-related content in March, publishers are going back to regular programming as viewership returns to normal levels — The coronavirus content surge happened across all formats, including video on platforms like Facebook and YouTube …
Discussion:
@zachservideo, @simonowens and @media_evan
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.
Discussion:
Digiday, @emptyseatspics, @aquinas82nd, @alexmsilverman, @richlightshed and Awful Announcing
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Dade Hayes / Deadline:
Source: Pluto TV and Verizon signed a streaming distribution deal spanning pay TV, connected TV, and mobile — EXCLUSIVE: Pluto TV and Verizon are breaking some new ground in streaming, unveiling what they call the industry's first comprehensive distribution deal spanning pay-TV, connected TV and mobile, Deadline has learned.
Discussion:
MediaPost, Broadcasting & Cable, TechCrunch and Seeking Alpha
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Fern Siegel / The Streamable:
TiVo partners with Pluto TV to add the latter to its TiVo+ Content Network
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