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4:40 PM ET, February 20, 2020

Mediagazer

 Top News: 
Jill Goldsmith / Deadline:
ViacomCBS revenue fell 3% to 6.87M in Q4, its first post-merger quarter, with a net loss of $273M; company anticipates merger savings of $750M, up from $500M  —  UPDATED with stock drop:  —  Viacom share have plunged after quarterly numbers and a call with analysts.
RELATED:
Daniel Cooper / Engadget:
ViacomCBS to expand CBS All Access with content totaling ~30K episodes of TV and ~1K movies from Nickelodeon, Comedy Central, MTV, Paramount, and others  —  ViacomCBS' rumored new streaming service isn't a new service so much as a massive expansion of CBS All Access.
Ben Collins / NBC News:
Twitter confirms it is testing bright labels beneath lies and misinfo posted by politicians and public figures, and points-based “community badges” for users  —  A leaked demo features bright red and orange badges for tweets that have been deemed “harmfully misleading.”
Tony Romm / Washington Post:
Streamers like Roku and Hulu are subject to much less stringent political ad transparency rules than broadcasters even as campaigns and PACs buy ads on them  —  With more Americans cutting the cord, watchdogs worry that voters lack a full understanding of who's trying to influence them
Kerry Flynn / CNN:
In an email to staff, The California Times, which owns LA Times, announces voluntary buyout packages for employees who have worked there for at least two years  —  New York (CNN Business)The Los Angeles Times is offering its staff voluntary buyouts less than two years after biotech billionaire …
Discussion: The Wrap and @kerrymflynn
Todd Spangler / Variety:
Time Magazine expands its Time 100 Summit to two days with revenue from sponsors and access largely limited to members, who pay at least $1,750  —  Time is doubling down on its elite, invitation-only events business.  —  The mag's second annual Time 100 Summit in New York …
Matthew Kassel / Mediaite:
Q&A with Chris Lehmann, who became editor of The New Republic last year, about its redesign, leaning in to its historic role as a magazine of the left, and more  —  When Chris Lehmann became editor of The New Republic last year, he inherited a magazine that was somewhat rudderless.
Discussion: Folio
The New York Times Company:
NYT announces it has added a breaking news team in London, expanding its Express Desk; the team of five editors and reporters will be led by NYT's Erin McCann  —  The New York Times continues to strengthen its presence in the U.K. with the addition of a breaking news team in London to expand The Times's Express Desk.
Marc Tracy / New York Times:
Polk Award winners announced, including The Wichita Eagle, The Baltimore Sun, WaPo's The Afghanistan Papers, and a special award for NYT's The 1619 Project  —  The New York Times received four George Polk Awards on Wednesday, the most of any news organization, including one for The 1619 Project …
 
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 More News: 
Billboard:
Spotify announces a partnership with event discovery platform Resident Advisor to promote localized event listings within the Spotify app
Discussion: Variety
Reuters:
Sources: Thomson Reuters is close to naming former Nielsen president Steve Hasker as its next chief executive, succeeding Jim Smith
Discussion: Talking Biz News
Peter Winter / A Life of Fiction:
How distribution monopolies, unchecked power to hike ad rates, and owner families using newspapers as personal cash machines led to bankruptcies like McClatchy
 Earlier Picks: 
Pew Research Center:
Survey: 23% of US adults who don't follow political news closely are very concerned about disinformation, compared to 75% of those who do follow news closely
New York Times:
E. Jean Carroll, the Elle magazine advice columnist who last year accused Trump of rape, says she was fired because of Trump's repeated insults against her
The Hill:
The Hill posts its review of 14 John Solomon columns, says in some cases the sources were his own attorneys and he should have been labeled an opinion columnist
Wall Street Journal:
China revokes press credentials of three WSJ reporters, ordering them to leave the country within five days as punishment for a recent opinion piece in the WSJ
New York Times:
US designates Xinhua, CGTN, China Radio, China Daily, and The People's Daily as government entities, subject to the same rules as diplomats stationed in the US