Top News:
Lauren Feiner / CNBC:
Netflix reports Q1 revenue of $5.77B, up 27.6% YoY, vs $5.76B est., global paid net subscriber additions of 15.77M, now totaling 182.86M accounts, up 22.8% YoY — - Netflix reported its Q1 2020 earnings after the bell on Tuesday. — Netflix has ranked among analysts' favorite …
Discussion:
Netflix, Financial Times, USA Today, Fortune, Variety, The Wrap, Protocol, Metro.co.uk, @adrianweckler, Yahoo Finance, LightShed Partners, @carttca, @lucas_shaw, @xpangler, New York Times, @lanceulanoff, @dylanbyers, @loudmouthjulia, @shiraovide, @xpangler, Washington Post, AdExchanger, @loudmouthjulia, @raheemkassam, @richlightshed, @jamestitcomb, @katie_robertson, @richlightshed, The Stranger, Ad Age, Axios and Bloomberg, more at Techmeme »
@kerrymflynn:
[Thread] Internal memos: Politico lays off 13 at Protocol as it cancels live events through at least Sept. 1, including its presence at political conventions — Didn't want to break this media news earlier because of my major conflict of interest. But I'm really sad to see another round of harsh cuts at a media company (and a new one at that!). 13 people, incl editors + reporters, lost their jobs at Protocol today https://twitter.com/...
Discussion:
Nieman Lab, @emilydreyfuss, Protocol, @levisu, @haydenfield, @jbenton, @abeaujon, @stevekovach, @jimbrady, @abeaujon, @emilydreyfuss, @kerrymflynn, @bendreyfuss, @abeaujon, @tomgara, @scottlucas, @talkingbiznews, @bydanielvictor, @polina_marinova, @mmmmurf, @lindakinstler, @emilydreyfuss, @abeaujon, @bdayspring, @jayrosen_nyu, @dylanbyers, @emilydreyfuss, @sdkstl, @levensti, @jbenton, @emilydreyfuss, @whatthebit, @aaschapiro and Talking Biz News
Wall Street Journal:
Internal planning document for Vice Media Group lays out the possibility of layoffs of 300+ in digital operations, including cuts at Vice News and Refinery29 — Planning document calls for over 300 layoffs, though company says several such proposals are being worked up
Discussion:
Fast Company, Axios, @loudmouthjulia, @robenfarzad, @asharma, @kantrowitz, @elanazak, @benmullin, @jherrerx, @keachhagey, @markdistef and @benmullin
Dade Hayes / Deadline:
AT&T offers free HBO Max to “tens of millions” of customers, including wireless and internet subscribers, as it aims for 75M to 90M HBO Max subscribers by 2025 — AT&T will offer WarnerMedia's HBO Max free or via promotion to “tens of millions” of its U.S. wireless, video and internet customers
Discussion:
The Streamable, The Week, The Streamable, CNET and The Verge
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Mandy Jenkins / The Compass Experiment:
The Compass Experiment, McClatchy and Google's digital local news initiative, plans to launch the Longmont Leader in Colorado in May with a team of five — We're launching The Longmont Leader to provide critical news and information during this time of crisis — and beyond.
Discussion:
Nieman Lab, Axios, The Keyword, @fishnette, @mattsebastian, @mjenkins, @juliewestfall, @mjenkins, @rubinojc, @mcclatchy, @benfischersbj, MediaPost, Longmont Observer, PR Newswire, Longmont Observer and Free Press
Kathryn Hopkins / WWD:
Bustle relaunches Nylon's digital edition but delays a promised print edition to fall 2021 and postpones a monthly live music series, Nylon Nights — Nylon's first digital issue under BDG's ownership features cover star Maya Hawke. — After acquiring fashion, music and cultural site Nylon last summer …
Discussion:
Nylon, @benjamingoggin, @raywongy and MediaPost
Sarah Perez / TechCrunch:
Spotify launches a set of 17 editorially curated podcast playlists, akin to its RapCaviar music playlist, in the US and five other countries — Spotify is continuing its investment in the podcast streaming side of business with the launch of a suite of editorially-curated podcast playlists …
Discussion:
Nieman Lab, @forpodcasters, Spotify, Gizmodo and Android Central
Jim VandeHei / Axios:
Axios says it qualified for a PPP loan “just shy of $5M” as it is both a media company and a small business with a national presence — Axios is among the small businesses that qualified for a PPP loan to protect existing jobs and help weather the coronavirus crisis.
Discussion:
CNBC and @brianstelter
Lucas Shaw / Bloomberg:
After the pandemic shut down live music venues, some artists have turned to sites like Stageit to livestream performances with typical viewers paying around $15 — The crowd of a few hundred begins to gather a half-hour before Rhett Miller takes the stage.
Discussion:
@sammyandrews, @lucas_shaw, @rhettmiller, @lucas_shaw and @lucas_shaw
Snap Inc.:
Snap reports in Q1 DAUs increased 20% YoY to 229M, revenue increased 44% YoY to $462M, time spent watching Discover content rose 35%+; stock up 19%+ after hours — Daily Active Users increased 20% year-over-year to 229 million First quarter revenue increased 44% year-over-year to $462 million …
Discussion:
The Wrap, VentureBeat, @tiffkhsu, @peterhamby, @joshelman, Mashable, The Verge and Variety, more at Techmeme »
Charlotte Tobitt / Press Gazette:
Jewish News to continue publishing after the collapse of the merger with the Jewish Chronicle, which was acquired by a consortium and will go into liquidation — The Jewish News is back to “business as usual” despite bidding farewell to readers with last week's paper, as plans to merge …
Discussion:
The Times of Israel
Meg James / Los Angeles Times:
eMarketer forecasts TV networks will collect between $24B and $26.3B in ad spending in H1 2020, compared to $33.9B collected in H1 2019, due to sports shutdown — The shutdown of sports due to the coronavirus pandemic is propelling a historic decline in U.S. TV advertising …
Discussion:
@swanniontv, @mediumbuying, @latimes and @megjameslat
Issie Lapowsky / Protocol:
A behind-the-scenes look at the Facebook News team's early response to COVID-19, including a push to make news more prominent in the Information Center — Anne Kornblut was working from home when the crushing headache set in. It was early March, and she had a battery of calls to get through …
Discussion:
@blackamazon, @issielapowsky, @jason_kint and @kerrymflynn
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