Top News:
Andrew Beaujon / @abeaujon:
Washingtonian editorial staff won't publish today after their CEO implied in a WaPo op-ed that management should categorize remote staff as contractors — As members of the Washingtonian editorial staff, we want our CEO to understand the risks of not valuing our labor. We are dismayed by Cathy Merrill's public threat to our livelihoods. We will not be publishing today.
Discussion:
Washington Post, CNN, @benjaminja, The Wrap, Nieman Lab, @sopandeb, @jamieson, New York Times, @jhweissmann, Bloomberg, @lukeoneil47, @jeffjarvis, @espiers, @tjhogglestock, @courtneymilan, @scottbix, @kevinroose, @j_zimms, @cwarzel, @kendrawrites, @mattgertz, @jeffjarvis, @thejessgoodwin, @mattgertz, @sorayamcdonald, @mtmarch, @jamieson and @m_delamerced
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Maxwell Tani / The Daily Beast:
In an email, Washingtonian CEO apologized to magazine staff for her WaPo op-ed, assuring them there would be no changes to benefits or employee status — The D.C. magazine's staff revolted on Friday after their owner wrote an op-ed suggesting remote workers could be penalized—a “public threat to our livelihoods,” employees said.
Discussion:
Mediaite, @kailaphilo, @jaredlholt, @soledadobrien, @davidalim, @yashar and @anuradhasays
Esther Crawford / Twitter:
Twitter introduces Tip Jar, allowing everyone using Twitter in English to send tips, and a limited group, including journalists and experts, to accept tips — We $ee you - sharing your PayPal link after your Tweet goes viral, adding your $Cashtag to your profile so people can support your work …
Discussion:
@twitter, @racheltobac, @kayvz, @twittersupport, ScreenRant, Variety, Gizmodo, Protocol, @taylorlorenz, Liberty's Highlights, New York Post, The Verge, MediaNama, @sacramentokings, @racheltobac, @blackamazon, 90 Second News, @caseyjohnston, @tahk0, dexerto.com, Transistori, @lollardfish, @racheltobac, @darrenrovell, @racheltobac, @racheltobac, @susanlitv, @wbm312, @its_willyu, @michellehux, @mark_t_gray, @chrisdancy, @jaylabrenae, @nonlinearnotes, @elizableu, @slpng_giants, @kurtisconner, @luulubuu, @thisisnfts, @kozza, @lfc_rv, @chuckwendig, @jack, @jayjurden, @prsarahevans, @tomwarren, musically.com, 9to5Mac, TechCrunch, CNBC, Engadget and Whats New On The Net Podcast, more at Techmeme »
Washington Post:
While Alden pledged $375M in cash for Tribune, one clause would let Alden finance the cash with debt or equity financing, possibly raising Tribune's debt burden — Experts say Alden Global Capital's offer to invest in the Chicago Tribune, Baltimore Sun and other newspapers isn't what it seems
Discussion:
@lenfestinst, @sarahellison, @jenwsheehan, @saragregory, @whet, @baekdal, @amyargetsinger, @mattlaslo, @hopnotes, @johnannese, @mcallguild, @ppvsrb, @cerconejeff, @elaheizadi, @os_guild and The NewsGuild - CWA
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Keith J. Kelly / New York Post:
Tribune Publishing Q1: net income of $6.1M on revenue of $173.6M; ad revenue fell 26.4% YoY, compensation expenses fell 35.8% YoY, and cash balance was $250.7M
Discussion:
Tribune Publishing Company, @jimfriedlich, @jimfriedlich, @saragregory, @jimfriedlich, @jimfriedlich and @lalpert1
Sara Fischer / Axios:
YouTube to spend $7M on two year-long journalism programs: one for independent journalists who want to start channels, another to help digital-first newsrooms — YouTube is spending $7 million to fund two new programs to help journalists looking to build an audience on YouTube, executives tell Axios.
Discussion:
Yahoo News, Talking Biz News and @nealmohan
Victoria Lewis / WPTV:
Florida Governor Ron DeSantis has barred local media from attending the signing of a voting restriction bill; the event is a “Fox News exclusive” — Gov. Ron DeSantis has signed Florida's elections reform bill into law. DeSantis signed SB90, which includes restrictions on voting …
Discussion:
@stevebousquet, Washington Post, Mediaite, @scontorno, Miami Herald, @svdate, @dcherring, @annaforflorida, Politico, @jonathanchait, @servethe901, @maggienyt, @ariberman, @timothypmurphy, @kevinmkruse, @jamessurowiecki, @wptv, Washington Post, Vanity Fair, CNN, Slate, Mother Jones, ABC News, VICE, Insider and Mediaite
Jennifer Maas / The Wrap:
AMC Networks CEO says its five streaming services are on track to have at least 9M subscribers by the end of the year as Q1 streaming revenue grew of 14% YoY — But the company smashed Wall Street's earnings expectations — AMC Networks missed revenue expectations for the first quarter of 2021 …
Discussion:
MediaPost, Variety, FierceVideo, AMC Networks Inc., Hollywood Reporter and Cord Cutters News
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News Corp:
News Corp Q3: net income of $96M on revenue of $2.34B, up 3% YoY; WSJ subscriptions up 21% YoY to 3.38M, of which 2.63M were digital; digital ad rev up 30% YoY — - Revenues were $2.34 billion, a 3% increase compared to $2.27 billion in the prior year, driven by the continued strong momentum across our key growth pillars
Discussion:
Reuters
The New York Times Company:
NYT announces a two-year paid editing residency program to “foster and nurture the next generation of editors” — The new residency will foster the next generation of editors, giving them the tools and extensive training they need to help shape journalism in the future.
Discussion:
@nytimespr, @emilyrnunn and @lizzieohreally
Lucas Shaw / Bloomberg:
Source: stars of A Quiet Place Part II, whose pay is tied to box office performance, are in a dispute with Paramount over plans to stream early on Paramount+ — The studio is shortening the film's theatrical run, threatening their potential payday — Paramount Pictures is in a pay dispute …
Discussion:
Observer, The Playlist, @krolljvar, @newsynick, @mattbelloni and @lucas_shaw
Olivia Messer / Study Hall:
The trauma of covering the pandemic has battered journalists, and the industry is losing a generation of reporters and editors to despair and moral injury — When I told my editors at The Daily Beast that I needed to quit my job as the newsroom's lead COVID reporter, I couldn't even say the word “quit.”
Discussion:
American Press Institute, @oliviamesser, @walldo, bookforum.com, @haleighhoffman, @4lisaguerrero, @steeletalk, @patriciamazzei, @jyangstar, @charlesornstein, @dbcalabrese, @evaholland, @brandyzadrozny, @apoorva_nyc, @bgirledukate, @deborahblum, @mtracey, @annehelen, @jerrydunleavy, @jacoker2, @moorehn, @j__velasquez, @maiamajumder, @paigepfleger, @bwdbwdbwd, @feliciasonmez, @jeremyadamross, @scottnover, @emilyakopp, @kocochristine, @adamweinstein, @avitalrachel, @oliviamesser, @oliviamesser, @oliviamesser, @oliviamesser, @oliviamesser, @oliviamesser, @oliviamesser, @oliviamesser, @jmsummers, @oliviamesser, @oliviamesser, @oliviamesser, @oliviamesser, @oliviamesser, @oliviamesser, @oliviamesser, @oliviamesser, @jensabella, @tonyromm, @joshsternberg, @alanalevinson, @alexlaughs, @danielleiat, @danielleiat, @milesperhoward, @kerrymflynn, @kerrymflynn, @oliviamesser, @studyhallxyz, @brosandprose and @elenaiswriting
Todd Spangler / Variety:
Roku beats estimates, with a Q1 net income of $76.3M on revenue of $574.2M, up 79% YoY; new active accounts grew 2.4M, reaching 53.6M, up 35% YoY; stock up ~7% — Roku gained 2.4 million new active accounts for the first quarter of 2021, showing that the pandemic-driven streaming momentum …
Discussion:
CNBC, Roku, MediaPost, Ad Age, FierceVideo and The Wrap, more at Techmeme »
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