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7:45 PM ET, April 22, 2020


 Top News: 
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.
Paul Roberts / The Seattle Times:
The Seattle Times Co. says it has received a $9.9M Payroll Protection Program loan  —  The Seattle Times Co. has received a $9.9 million federal coronavirus-aid loan that will give the newspaper temporary relief in the face of a sharp drop in advertising revenue due to the COVID-19 pandemic.
After weeks of hyping hydroxychloroquine as a potentially game-changing COVID-19 treatment, Fox News followed Trump in quietly abandoning the drug  —  Fox News has fallen out of love with hydroxychloroquine.  After weeks of unrelenting coverage hyping the antimalarial drug …
Zack Beauchamp / Vox:
Study of Fox News programming from February to early March finds those watching Sean Hannity over Tucker Carlson were less likely to adhere to social distancing  —  Sophisticated new research links Hannity's coronavirus misinformation to “a greater number of Covid-19 cases and deaths.”
Maxwell Tani / The Daily Beast:
Maxwell Tani / The Daily Beast:
Wired staff announce plans to unionize with the NewsGuild of New York, as Condé Nast plans deep cuts amid the economic downturn  —  Magazine staff have laid the groundwork to unionize for more than a year, but as the coronavirus shut down parts of the economy, organizers realized they had to make a decision.
Erik Hayden / Hollywood Reporter:
Internal Fox Corp. memo: CEO Lachlan Murdoch will forgo pay through September and around 700 employees will see tiered salary cuts of 15% to 50%  —  Tiered salary cuts of 15 percent to 50 percent will impact other executives at the media giant.  —  Fox Corp. CEO Lachlan Murdoch will forgo …
Georg Szalai / Hollywood Reporter:
Netflix CEO Reed Hastings' compensation reached $38.6M in 2019, up about 7% YoY, and chief content officer Ted Sarandos received a package worth $34.7M, up 17%
Discussion: The Wrap and Broadcasting & Cable
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
Todd Spangler / Variety:
AT&T misses estimates, loses 138K AT&T Now customers and 897K premium TV subscribers in Q1, reports revenues of $42.78B and pulls its annual forecast  —  AT&T missed revenue and earnings estimates for the first quarter of 2020, with a 4.6% top-line decline driven by lower revenue …
Sarah Scire / Nieman Lab:
Bloomberg Media offers free access to to undergraduate and grad students globally through July; students can register with college email addresses  —  A couple of months ago, college dorms and dining rooms and lecture halls were full.  But, starting in early March …
Brian Steinberg / Variety:
ViacomCBS launches a local version of its streaming news service CBSN in Chicago and plans to expand to Dallas/Fort Worth, Sacramento, Miami, and Baltimore  —  Chicago is the next stop for ViacomCBS' streaming-news plans.  —  The media company is today launching a Chicago-focused edition of CBSN …
Discussion: CBS Chicago and Cord Cutters News
South China Morning Post:
South China Morning Post cuts pay of 27 senior execs and asks all staff earning over ~$2,580 per month to take three weeks of unpaid leave by end of March 2021  —  In email and video message to staff, CEO Gary Liu calls past year ‘truly unprecedented time’ Liu says company acting swiftly …
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 More News: 
Laura Wagner / VICE:
Freelance camera operators and other video technicians for Sinclair's regional sports networks criticize the network's offer of $2,500 loans as inadequate
Rick Edmonds / Poynter:
Tribune Publishing requires most non-union employees earning between $40,000 and $67,000 a year to take three weeks of furloughs in the next three months
Charlotte Tobitt / Press Gazette:
UK's Newsquest launches a metered paywall across all of its daily newspapers, but will keep all COVID-19 content and breaking news stories free to read
Sarah Perez / TechCrunch:
Spotify launches Artist Fundraising Pick, letting artists fundraise for themselves, their crews, or verified music relief initiatives
Connie Loizos / TechCrunch:
Bustle's former EIC Kate Ward and former SVP Lindsay Mannering launch a “personalized subscription website for TV's biggest fans” called The Dipp
Discussion: @rafat
Alexandra Steigrad / New York Post:
Filing: NBCUniversal sold about half of its stake, worth ~$178M, in Peloton; Peloton shares are up more than 50% since mid-March because of the pandemic
Mark Sweney / The Guardian:
Disney co-founder's granddaughter Abigail Disney criticises the company for protecting exec bonuses and dividends of $1.5B+ while cutting pay of 100K+ workers
 Earlier Picks: 
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
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%+
[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
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