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2:50 PM ET, March 31, 2020

Mediagazer

 Top News: 
Brian Stelter / CNN:
CNN's Chris Cuomo has been diagnosed with COVID-19, but he says he is feeling well and will continue anchoring his show from his home  —  New York (CNN Business)CNN anchor Chris Cuomo has been diagnosed with Covid-19, the network said in a memo to employees on Tuesday.
Kristen Hare / Poynter:
Lee Enterprises implements pay reductions and furloughs equivalent to two weeks' salary in the third quarter, while the executive team will take a 20% pay cut  —  The company joins other media orgs hit hard by the coronavirus pandemic  —  Lee Enterprises joined the list of news organizations hit hard by the coronavirus on Tuesday.
RELATED:
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
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
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 …
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.
Chris Best / Substack Blog:
Substack donates $100K in grants to writers struggling due to pandemic, drops its cut of subscription revenue for pubs donating earnings to COVID-19 causes  —  We started Substack because we believe that what you read matters and good writing is valuable.  We believe that writers, bloggers …
Discussion: TechCrunch
Tony Maglio / The Wrap:
Fox withdraws financial guidance, citing delayed productions and sports cancellations and postponements, and says it plans to amend agreements with lenders  —  Fox is the latest major media corporation to walk back its prior financial guidance due to the impact of the continuing coronavirus pandemic.
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
Jason Lynch / Adweek:
IAB postpones its now-virtual Digital Content NewFronts by two months to the week of June 22  —  Annual event moves from late April to week of June 22  —  Key insights:  — Buyers are increasingly skeptical that upfront talks can take place in the traditional timeframe.
John Ourand / Sports Business Daily:
Sources: DAZN is telling sports leagues it won't pay rights fees for any suspended games, will defer payments for future seasons; some staff to be furloughed  —  DAZN has started telling sports leagues that it will not pay rights fees for any games that have been suspended or content …
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
 
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 More News: 
Kayleigh Barber / Digiday:
How entertainment and lifestyle publishers like Bustle, BuzzFeed, and People are adapting to coronavirus disrupting events and upending planned content
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
Nesrine Malik / The Guardian:
Interview with Mehdi Hasan, whose hard-hitting interviews on Al Jazeera English become regular viral hits, on why US media is almost “irredeemable” and more
 Earlier Picks: 
The Guardian:
Hungary passes a draconian coronavirus law that allows PM Orbán to rule by decree and includes jail terms of up to five years for spreading “misinformation”
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
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