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:
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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 — - Disney reported mixed results for its Q2 2020 earnings after the bell on Tuesday. — The pandemic has disrupted Disney's theme parks …
Discussion:
Observer, CNBC, The Walt Disney Company, Broadcasting & Cable, The Wrap, Variety, @orlandosentinel, WDW News Today, @brentalang, @sherman4949, Morning Brew, @alexweprin, @realwillmeade, @richlightshed, @alexweprin, @natjarv, @natjarv, @xpangler, @xpangler, @cnbc, Bloomberg, Multichannel News, Variety, Deadline, Fast Company, Axios and Deadline
RELATED:
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:
Bloomberg, @bryanyeager, @markbspiegel, @lucas_shaw, @andrewornot, Softpedia News, @baekdal and The Verge, more at Techmeme »
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.
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
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
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 …
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:
Columbia Journalism Review, TVNewser, Vanity Fair, @jayrosen_nyu, ABC News, @ericboehlert and @oliverdarcy
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, @schoofsfeed, @benyt, Press Gazette, The Wrap, MediaPost, @peretti, Variety, Wall Street Journal, @willow_bay, @galenbacharier, @chandlerfrance_, @annenbergmedia, @melissadsegura, @dicktofel, @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, @rapplerdotcom, @hrw_ph, @senatorwong, @willripleycnn, @pearsonelaine, @johnmtg1997, @ustjrnsoc, @barnabychuck, @moveph, @houseforeign, @moveph, @dahliadenoire, @moveph, CBS News, Yahoo News and RAPPLER
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
Rick Porter / Hollywood Reporter:
Disney plans a 30 minute “virtual roadshow” in lieu of upfront; sources: WarnerMedia is skipping in-person and virtual upfronts, talking directly with ad buyers — Both companies will instead take their messages directly to ad buyers. — With TV's upfronts in flux during …
Discussion:
Variety, Broadcasting & Cable, Deadline and @internetryan
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