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

Archived Page Info:

This is a snapshot of Mediagazer at 8:05 PM ET, May 7, 2020.

View the current page or another snapshot:

Who's Hiring in Media?

Senior Data Journalist, NY — WSJ

Manager - Publishing Editorial, Manila — Reuters

Oil Reporter, Singapore — Bloomberg

Newsperson - State Govt. & Politics, CA — AP

Business Reporter, SC — Post & Courier

State Government Reporter, WA — Seattle Times

Climate Crisis Columnist — Prospect UK

Multimedia Journalist, CA — Paramount

Community Engagement Mgr., DC — Freedom Forum

Senior California Politics Reporter, CA — SFGATE

Staff Writer - Business, NY — WIRED

Team Editor - Opinion, ON — Toronto Star

Assistant Correspondent, DC — Kyodo News

Climate & Weather Reporter, MN — Star Tribune

Senior Tech Editor, Remote US — The Verge

Lead Business Reporter, TN — Daily Memphian

Managing Editor, WA — Everett Herald

Private Credit Reporter, NY — Debtwire

City Correspondent, London — Financial News

Legislative Reporter, CA — Sacramento Bee

Reporter, PA — Tribune-Review

Visual Editor, Remote — Rest of World

Staff Writer, MI — Watershed Voice

Senior Political Reporter, DC — The Lever

California Playbook Writer, CA — Politico

National Investigative Reporter, NY — HuffPost

Business & Gaming Reporter, NV — Las Vegas Sun

Coastal Climate Reporter, SC — Island Packet

Environment & Energy Reporter, CT — CT Mirror

Coordinating Editor, OR — OPB

Editor, Remote US — Daily Kos

Business Reporter, WA — Longview Daily News

Editor-in-Chief, AZ — Phoenix New Times

Add your company here

See Also:

Mediagazer: site main

Mediagazer River: reverse chronological Mediagazer

Mediagazer Mobile: for phones

Mediagazer Leaderboard: Mediagazer's top sources

Subscribe:

Mediagazer RSS feed

Mediagazer on X

Mediagazer on Mastodon

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:

Mark Gurman / Bloomberg:
Thoughts on Apple TV's history and future; sources: Apple postponed a larger-than-usual number of iOS 19 features to spring 2026, when iOS 19.4 is set to debut

Wall Street Journal:
Sources: in the past year, Cantor Fitzgerald agreed to invest as much as $600M in Tether for about a 5% stake; Cantor holds most of Tether's $134B in assets

Robert Triggs / Android Authority:
A look at the shortcomings of Google's Tensor SoC for Pixel devices, with four generations failing to impress in key performance and power efficiency metrics

Sister Sites:

Techmeme
Top news and commentary for technology's leaders, from all around the web

memeorandum
What US political commentators are discussing online right now

WeSmirch
The top celebrity news from all around the web on a single page