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12:40 PM ET, May 8, 2020

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 Top News: 
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
Abby Ohlheiser / MIT Technology Review:
A look at the symbiotic ties of anti-vaxxers and COVID-19 conspiracy theorists with mainstream YouTubers, as the platform tries to regulate misinformation  —  Covid-19 conspiracy theorists are still getting millions of views on YouTube, even as the platform cracks down on health misinformation.
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  —  The mogul will give up all of his cash bonus at his publishing company.  —  Media mogul Rupert Murdoch will give up 100 percent of his cash bonus …
Discussion: @kimmasters and Reuters
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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
Victor Pickard / The Nation:
Converting post offices into places to produce community media, with public broadband, will strengthen the original purpose of USPS of delivering news and ideas  —  The postal service is a core democratic infrastructure—and it's time we remember that and fund it appropriately.
Discussion: @mikewassenaar
Kathryn Hopkins / WWD:
ENTtech Media halts Paper Magazine's print edition, lays of four staff, and implements pay cuts ranging from 20% to 30% for the highest paid employees  —  Paper owner EnTech Media has halted print issues, temporarily cut pay and laid off a few staffers.  —  Paper Magazine …
Dade Hayes / Deadline:
MGM takes a stake in podcast company Audio Up, which will produce and distribute up to five podcasts per year for MGM and give it first looks for adaptations  —  EXCLUSIVE: With podcasting continuing to surge as a form of media and entertainment, and audio properties increasingly of interest …
Todd Spangler / Variety:
Music streaming company LiveXLive acquires Courtside Group, owner of podcast network PodcastOne, for ~$18M; Podcast One generates 2B+ episode downloads annually  —  Music livestreamer LiveXLive is diversifying its business with the acquisition of PodcastOne, a podcast network that hosts shows …
Discussion: Wall Street Journal and RAIN News
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.
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 …
Snopes.com:
Snopes receives $289K from the PPP loan program, which will provide about two and a half months of security  —  Like many news organizations that accepted this funding, we believe we are the exact type of business the program was intended to help.  —  Dear Readers,
New York Times:
Publishers and marketing execs say some advertisers essentially boycotted serious journalism unintentionally 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.
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.
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 More News: 
Lara O'Reilly / Digiday:
Sources: TikTok plans to roll out an AR ad format in Q3, which will allow users to add interactive visual effects from advertisers to their TikTok videos
Fern Siegel / The Streamable:
NBCU's streaming service Peacock will be available on Xbox One devices at launch on July 15
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
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