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9:20 AM ET, March 31, 2020

Mediagazer

 Top News: 
The Guardian:
Maxwell Tani / The Daily Beast:
Gannett CEO announces furloughs and pay cuts across the company, says other execs will take a 25% pay cut and he won't take a salary until the cuts are reversed  —  The mass-media company, which owns many large newspapers including USA Today, announced Monday that the coronavirus downturn has forced the company to make deep cuts.
Variety:
Memo: iHeartMedia CEO Bob Pittman waives salary, other execs take pay cuts, as an unknown number of staff receive 90-day furloughs without pay due to pandemic  —  iHeartMedia has joined the growing list of companies implementing sizable pay cuts for senior executives amid the upheaval caused by the coronavirus crisis.
Discussion: RAMP
Maxwell Tani / The Daily Beast:
Vice will no longer match 401k contributions, freezes promotions through July, cuts salaries for top staff including the CEO, and will furlough some top execs  —  STAY AFLOAT  —  Vice Media will cut salaries for top staff and halt retirement benefit-matching following the economic downturn spurred by the coronavirus pandemic.
Discussion: Digiday and @maxwelltani
Todd Spangler / Variety:
Spotify for Kids launches in the US, Canada, and France on the $14.99/month Spotify Premium Family tier with 8,000 songs, of which 50% is localized  —  Spotify is giving more housebound parents — and their cooped-up kids — a new tool to cope with the COVID-19 pandemic.
Discussion: TechCrunch, Spotify and The Verge
TheStreet:
Maven anticipates revenue to drop by $30M in 2020 and will lay off some staff, with Sports Illustrated journalists representing 6% of the overall cost reduction  —  Maven Media Brands (MVEN) said Monday it will be laying off employees and senior management will see a 30% reduction …
James Poniewozik / New York Times:
Trump has turned his coronavirus briefings into create-your-own-reality TV with the structure, intrigue, drama, rhythm, and characters of a weekly reality show  —  The coronavirus briefings have given Donald Trump a regularly scheduled reality show again — or, rather, a create-your-own-reality show.
RELATED:
Maxwell Tani / The Daily Beast:
Sources: on an internal call, Jeff Zucker defended airing Trump briefings live, arguing that viewers need to hear Trump answer tough questions from journalists
Tampa Bay Times:
The Tampa Bay Times to temporarily cut print editions to Sunday and Wednesday, says digital subscription gains are not enough to make up for advertising losses  —  Chairman and CEO Paul Tash says “extraordinary times call for extraordinary measures.”  —  The Tampa Bay Times …
Daniel Bernhard / Toronto Star:
Canadian media, starved of ad revenues for years, is on the brink of mass extinction due to the pandemic; CBC cancelled all local TV news broadcasts last week  —  By some industry estimates, many of our major media outlets will fail within weeks.  Starved of advertising revenues for years …
Michael Luo / New Yorker:
An in-depth look at the macroeconomic picture for US newsrooms since 2008: fights over paywalls, non-profit startups, the death of local news, and now COVID-19  —  Can a fragile media ecosystem survive the pandemic?  —  In 2009, as the economy struggled to rebound from the Great Recession …
Kayleigh Barber / Digiday:
How entertainment and lifestyle publishers like Bustle, BuzzFeed, and People are adapting to coronavirus disrupting events and upending planned content  —  As coronavirus continues to interrupt events and dominate the news cycle, entertainment and lifestyle publishers are seeing their planned content get upended.
Joshua Benton / Nieman Lab:
Free alt-weekly Chicago Reader lost 90% of its ad revenue and is turning to ideas like a fundraising colouring book and a souvenir issue to fill the funding gap  —  Considering the regimentation of pre-digital publishing — repeating the same workflows day after day, week after week — journalists are very adaptable animals.
 
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 More News: 
Ryan Parker / Hollywood Reporter:
Disney says senior executives will take temporary pay cuts with Bob Iger forgoing his entire salary and recently named CEO Bob Chapek taking a 50% pay cut
 Earlier Picks: 
Patrick Frater / Variety:
Nine Entertainment says it aims to cut $163M from its cost base in 2020, with savings of $80M in broadcast rights costs if the National Rugby League is canceled
Ina Fried / Axios:
After changing its rules, Twitter is cracking down on COVID-19 misinformation from prominent accounts, including Brazilian President Bolsonaro and Rudy Giuliani
Marc Tracy / New York Times:
Facebook says it will invest $100M to support the news industry during COVID-19: $25M in emergency funding for local news and $75M in additional marketing spend