Top News:

Quartz CEO says even with 17K paid subscribers, the company is laying off 80 staff, closing physical offices in four locations as it seeks profitability by 2022 — Quartz CEO Zach Seward's remarks to staff re today's layoffs: “This is no doubt the greatest challenge we have faced as a company.. I have made the very difficult decision to eliminate about 80 roles at Quartz and make other changes in order to improve the health of our business” https://twitter.com/...
Discussion:
New York Times, @kerrymflynn, Talking Biz News, Adweek, @jenniavins, @timfernholz, @ashkan, @mitrakalita, @sarahfkessler, @marcatracy, @johnxenak, @lattif, @davidmackau, @samthielman, @davegershgorn and @sona_here


By using phrases like “raises new questions”, media is repeating mistakes of 2016, giving unearned credibility to political attacks in the guise of objectivity — The latest developments in the Michael Flynn case should prompt us to revisit one of the most glaring failures …


LinkedIn Editorial is rebranding to LinkedIn News; the team now has 76 editors across 15 countries and the Daily Rundown is received by 46M users — Rebranding aims to drive editorial recognition and build user trust — LinkedIn is rebranding its editorial team from LinkedIn Editorial …
Discussion:
@kerrymflynn and @markscott82


Inside AT&T's $4B bet to stand out in the streaming wars through HBO Max, which is to launch on May 27 despite 30 projects shuttering due to the pandemic — A starry group came together for a meeting at Courteney Cox's Malibu beach house on Oct. 5, 2019. Had the paparazzi gotten wind, pandemonium would have surely ensued.
Discussion:
@ser_jon_arryn, @xpangler, @shitfund, CortaCable, MediaPost, The Streamable, Variety, Always Be Watching, /Film and Observer


Scener now supports HBO Now and HBO Go, allowing up to 20 viewers to watch together via a Chrome browser extension; the startup already supports Netflix — Katy Perry, John Legend Join Houseparty's Celeb-Studded Livestreaming Event This Weekend (EXCLUSIVE)
Discussion:
TechCrunch, The Streamable and @xpangler


Forbes restructures its pay scale for contributors, ending the $500 guarantee for writers with seven monthly posts and reducing the repeat-reader bonus 80% — Forbes quietly restructured its pay scale for contributors amid the coronavirus pandemic, ending the $500 guarantee for any writer …
Discussion:
Talking Biz News


From August, Chrome will start blocking ads that consume 4MB of network data, 15 seconds of CPU usage in any 30 second period, or 60 seconds of total CPU usage — Google today announced that Chrome will start blocking resource-heavy ads. The company ads that mine cryptocurrency …
Discussion:
The Verge, more at Techmeme »


Media analyst Owen Van Essen, president of a newspaper industry M&A firm, predicts 200 to 300 small weekly newspapers will not be around by the end of the year — Solid local reporting, regular coverage of business openings and ribbon cuttings, a trusted presence for decades in Washington County …
Discussion:
Talking Biz News, @nattyrose007, The Media Nut, @nick_mathews, @ashkan and @kellystrib


Sources: it isn't unusual for 50% of seats at US cinemas to be empty on weekends without hurting business, so a box office hit can happen with checkered seating — Before COVID-19, it wasn't unusual for 50 percent of seats at U.S. theaters to remain empty on the weekends without dampening business overall.


Investigative journalism, long criticized for lacking diversity, has recently made progress, as journalists of color lead news operations and win awards — Journalists of color have taken the helm of investigative news operations and claimed some of the most prestigious investigative journalism awards
Discussion:
@mjrochester, @mukhtaryare, @nhannahjones, @ibwellssociety, @dicktofel and @fvaraorta


Lawsuit against New York mag and Joe Hagan filed by former CBS correspondent Lara Logan alleging career damage was dismissed Wednesday by a Texas federal judge — The now Fox News contributor had sought $25 million in retribution over a 2014 story on her retracted Benghazi report for CBS.


IAB's streaming-only NewFronts will take place June 22-26 and will include Facebook, Snap, and TikTok for the first time; Twitter, NYT, Amazon won't participate — Katy Perry, John Legend Join Houseparty's Celeb-Studded Livestreaming Event This Weekend (EXCLUSIVE)
Discussion:
Ad Age, Adweek, Deadline, PR Newswire, MediaPost and Tubefilter


According to state filings, studios, theaters, production companies, and entertainment venues have laid off or furloughed 14K+ workers in LA County since April — Hollywood, an economic engine that has powered Los Angeles since the dawn of television screens and movie cameras, has been devastated by stay-at-home orders.
Discussion:
Breitbart, @ashkan and Hollywood Reporter