Top News:
Ellen Hammett / Marketing Week:
Study: half of the money brands invest in programmatic advertising never reaches online publishers; 15% of the money is unattributable to supply chain players — A new study by ISBA has found that half the money advertisers invest in programmatic advertising never reaches online publishers …
Discussion:
Digiday, Digiday, Nieman Lab, Financial Times, ISBA, The Media Nut, Adweek, The Drum, ISBA and Mediatel News
Dade Hayes / Deadline:
YouTube and ViacomCBS expand carriage deal, add 14 new networks, including BET, MTV, and Comedy Central, to YouTube TV this summer — YouTube and ViacomCBS have revealed an expanded, multi-year distribution deal that will add 14 new networks to the tech giant's YouTube TV service this summer.
Discussion:
The Streamable, Variety, Broadcasting & Cable, TechCrunch, Multichannel News and The Verge
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Business Wire:
ViacomCBS Q1: $508M net earnings on $6.6B revenue; $471M in streaming and digital video revenue, up 51% YoY; 13.5M streaming subscribers, 24M+ MAUs on Pluto TV — - Sequential Improvement in Operating Income and Adjusted OIBDA, Diluted EPS and Adjusted Diluted EPS, as well as Operating Cash Flow and Free Cash Flow
Discussion:
Broadcasting & Cable, The Wrap, Hollywood Reporter, @alexweprin and @alexweprin
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, The Guardian, @evelyndouek, @jodieginsberg, New York Times and The Week
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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:
Columbia Journalism Review, @hadas_gold, @nytopinion, MediaPost, Oversight Board, Reuters, The Guardian, The Independent, The Verge, Meduza.io, @nicsuzor, @ericnewcomer, @matthewstoller, @catoinstitute, @profgalloway, @evelyndouek, @umairh, @nighatdad, @niemanlab, @oversightboard, @slpng_giants, @dexbarton, @dlberes, @adamboultonsky, @mvzelenks, @jeffjarvis, @rasmus_kleis, @filip_struharik, @jameeljaffer, @sivavaid, @parkermolloy, @kevinroose, @hellethorning_s, @jamalgreene, @evelyndouek, @columbialaw, @broderick, @daphnehk, @caseynewton, NPR, The Week, Reason, About Facebook, Engadget, Politico, CNET, The Verge and Protocol, more at Techmeme »
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:
@djbootheic, @xpangler, TechCrunch, New York Times and @maxwelltani
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:
MediaPost, Los Angeles Times, Deadline, @fcc, Federal Communications …, New York Post, @brianstelter, @jonhumbert, @sdkstl, @digiphile, @ashleylynch, Engadget, @farhip, TechCrunch, Poynter, The Wrap, The Hill and Broadcasting & Cable
Nathan Bomey / USA Today:
Gannett Q1: $99.1M in adjusted earnings; revenue of $939M; print ad rev $268M, down 21% YoY; circulation rev $375M, down 7.5% YoY; digital subs up 29% to 863K — USA TODAY owner Gannett reported a net loss in the first quarter as the spread of the coronavirus reduced advertising spending …
Discussion:
Business Wire, @kerrymflynn, @kerrymflynn, @kerrymflynn and @kerrymflynn
IJ4EU:
IJ4EU opens applications for cross-border investigative journalism projects in EU and EU candidate countries, providing €1M in grants of between €5K and €50K — One million euros for projects in Europe in 2020 — Read this text in: бълга р …
Todd Spangler / Variety:
Dish lost 413K subscribers in Q1, including 281K Sling TV subscribers; the company now has 2.31M Sling TV subscribers and 11.32M total subscribers, down 6% YoY — Dish Network reported its worst-ever quarterly loss of subscribers, shedding 413,000 total pay-TV customers in the first three months of 2020.
Discussion:
Broadcasting & Cable and Reuters
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
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 — The Super Bowl may have been bad for the San Francisco 49ers, but it was good for Fox. The 54th iteration of the NFL's title game drove Fox …
Discussion:
Variety, Variety, Broadcasting & Cable and Multichannel News
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