Mediagazer: News Corp reported $2.27B in revenue for the quarter ending March 31, down 8% YoY, with a net loss of $1B vs. net income of $23M in the prior year (News Corp)

8:05 PM ET, May 7, 2020

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, Nieman Lab, @nandoodles, @martinjemoore, @bruceclarkprof, Adweek, Financial Times, The Media Nut, The Drum and ISBA

Laura McGann / Vox:

To hold up to scrutiny, #metoo reporting has been built on extraordinary amounts of evidence and multiple accusers, factors missing in the case of Tara Reade — Tara Reade, a former staff assistant in Joe Biden's Senate office, on April 11. Max Whittaker/New York Times/Redux

Discussion: USA Today, Breitbart, @krystalball, @bluesteeldc, @profkmcnamara, @nathansoz, @vabvox, @ben_alpers, @laraseligman, Jacobin, VTDigger, @lkmcgann, @itaisher, @mattyglesias, @studentactivism, @voxdotcom, VICE and Fox 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, CNN, Variety, MediaPost, Broadcasting & Cable, Engadget, The Verge and TechCrunch

Dade Hayes / Deadline:
ViacomCBS CEO says CBS All Access will be rebranded this summer, expand internationally in the next year, and add content from Paramount, BET, and others

Discussion: Variety, Broadcasting & Cable, Always Be Watching, CordCutters, @viacomcbs, Hollywood Reporter, Tech Investor News, AdExchanger, @lukewatsonnyc, Multichannel News and The Streamable

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

Discussion: Hollywood Reporter, @alexweprin, TechCrunch, @alexweprin and The Wrap

News Corp:

News Corp reported $2.27B in revenue for the quarter ending March 31, down 8% YoY, with a net loss of $1B vs. net income of $23M in the prior year — - Revenues were $2.27 billion, an 8% decline compared to $2.46 billion in the prior year — Non-cash impairment charges of $1.1 billion …

Discussion: @kerrymflynn, @kerrymflynn, @kerrymflynn, @gerryfsmith and @kerrymflynn

Hollywood Reporter:
Experts say some media executives who pledged to forgo salaries will be repaid later, making current cuts merely a loan disguised as a financial sacrifice

Discussion: @stevekopack and @dylanbyers

Alex Weprin / Hollywood Reporter:
Rupert Murdoch will give up all of his News Corp cash bonus for this fiscal year, and CEO Robert Thomson will give up 75% of his cash bonus

Discussion: Reuters and @kimmasters

CNN:

In June 2015, White House Press Secretary Kayleigh McEnany harshly panned Trump, calling his comments on Mexican immigrants “racist”, then defended him by July — (CNN)New White House press secretary Kayleigh McEnany was a harsh critic of then-candidate Donald Trump before she became …

Discussion: Washington Post, Mediaite, @kfile and WGN-TV

Joe Pompeo / Vanity Fair:

The NY Post and the Daily News, already reeling and still largely dependent on newsstands, have never looked more precarious than amid the COVID-19 emergency — The Post and the News, crucial pillars of the city's mindset, are reeling, with little hope in site. Could Rupert Murdoch sell the Post?

Discussion: @harrysiegel, @michaelluo, @maggienyt, @joelmsiegel, @juliakmarsh, @vanityfair, @jmartineznyc, @jmartineznyc, @joepompeo, @hardlytweets, @stuloeser, @tomgara, @joepompeo, @mlcalderone, @parkslopepile and @joepompeo

New York Times:

Publishers and marketing execs say some advertisers essentially boycotted serious journalism unintentially by blocking ads from running near certain keywords — The Home of the Whopper, Verizon and Amazon are among the relative few that haven't been afraid to run ads near coverage of the coronavirus.

Discussion: @lpolgreen, @newsguardrating, @tiffkhsu, @fer_machado123 and @benyt

Lucas Shaw / Bloomberg:

Internal document reveals Twitch is looking to fund a slate of original, unscripted series that would be live and interactive on dating, sports, music, and more — - Amazon unit will bankroll slate of unscripted series this year — Use of Twitch has exploded during the coronavirus pandemic

Discussion: The Verge, @lucas_shaw, The Streamable and Engadget

Charlie Wood / Business Insider:

Sonos cofounder calls out Spotify CEO's criticism of Apple, says it's “significantly more difficult to work within Spotify's ‘closed’ ecosystem than Apple's” — - The cofounder of smart speaker firm Sonos called out Spotify CEO Daniel Ek for his remarks on Apple's closed ecosystem.

Discussion: @davezatz, Fortune, @johnlmacfarlane and @alexeheath, more at Techmeme »

Todd Spangler / Variety:

Roku posts revenue of $320.8M for Q1, up 55% YoY, and a net loss of $54.6M, warns that ad revenue growth will slow this year; stock down 9%+ after hours — Roku's first-quarter revenue beat Wall Street estimates as COVID-19 quarantines have resulted in a massive streaming surge for the company.

Discussion: Roku, The Wrap, The Streamable and @xpangler, more at Techmeme »

Josh Mabry / Facebook Journalism Project …:

Facebook awards $16M in grants to 200+ local news outlets: $10.3M from the COVID-19 relief fund and $5.4M for participants in its local news accelerator program — Today, Facebook is announcing that more than 200 news organizations will receive nearly $16 million in grants through …

Discussion: American Press Institute, @charlierybak, @mattderienzo, MLK50, @exit265c, @lissaharris, @jkealing, @campbell_brown, @jimfriedlich, @dw_grant, @ckrewson, @jason_w_white, @inn, @lenfestinst and VTDigger

Rebecca Rubin / Variety:

Cinema chain Alamo Drafthouse launches Alamo on Demand, offering movies curated by Alamo for rent or purchase online — From ‘Golden Girls’ to ‘Property Brothers,’ What Hollywood Stars Are Binging During Coronavirus Lockdown — Alamo Drafthouse, the cinema chain that largely popularized …

Discussion: TechCrunch, Fast Company, CNBC, Fortune, /Film, @davezatz, Engadget, Alamo Drafthouse Cinema, Austin Chronicle and Deadline

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More News:

Dominic Ponsford / Press Gazette:
The Register in UK has settled a libel case with a CEO who defamed a reporter and editor in tweets, posts, and a Google ad; CEO has apologized, will pay damages

Discussion: @gazthejourno, @gazthejourno, @markhannamedia, @datadictum, @domponsford and @gazthejourno

Debbie Weinstein / The Keyword:
YouTube to start running ad surveys on the YouTube app for TVs and introduce skippable ads to content cast onto a TV as users increasingly watch YouTube on TV

Discussion: MediaPost, TechCrunch, Adweek 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

Discussion: @kerrymflynn, Business Wire, @kerrymflynn, @kerrymflynn and @kerrymflynn

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

Discussion: The Streamable, Multichannel News, Reuters, Broadcasting & Cable and MediaPost

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

Discussion: @globalfreemedia

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

Discussion: Variety, Broadcasting & Cable, Deadline and Variety

Earlier Picks:

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

Discussion: Ad Age, MediaPost, Multichannel News, Variety, Variety and Broadcasting & Cable

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

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

Discussion: @arusbridger, The Guardian, Oversight Board, The Verge, @hadas_gold, @nytopinion, @josh_hammer, Columbia Journalism Review, @evelyndouek, The Independent, @catoinstitute, @evelyndouek, @jodieginsberg, @nighatdad, @niemanlab, @rasmus_kleis and New York Times, more at Techmeme »

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

Discussion: @brieannafrank, @azrepublicguild, @azrepublicguild, @mollyjongfast, @petridishes, @diannananez, @brieannafrank, @brieannafrank, @jayrosen_nyu, @poynter and Columbia Journalism Review

Joe Mandese / MediaPost:
Axel Springer to merge eMarketer and Business Insider Intelligence to form Insider Intelligence

Discussion: Digiday

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

From Techmeme:

Gleb Bryanski / Reuters:
Russia's finance minister says Russian companies have begun using bitcoin and other digital currencies in international payments to counter Western sanctions

Qwen:
Alibaba's Qwen unveils QvQ-72B-Preview, an experimental research model focused on “enhancing visual reasoning capabilities”, built upon Qwen2-VL-72B

Bloomberg:
Taiwan's FTC blocks Uber's $950M acquisition of Delivery Hero's Foodpanda, arguing it would decrease competition as their combined market share would be 90%+

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