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12:20 PM ET, April 29, 2020

Mediagazer

 Top News: 
Ingrid Lunden / TechCrunch:
Spotify beats with Q1 revenue of €1.8B and net income of €1M, with MAUs up 31% YoY to 286M, premium users up 31% to 130M, and ad-supported MAUs up 32% to 163M  —  The coronavirus may be decimating some corners of the economy, but the impact on the digital music …
RELATED:
Scott Feinberg / Hollywood Reporter:
Motion picture academy eases qualifications for 2021 Oscars; eligible films won't have to screen for at least a week in a Los Angeles-area theater  —  The Academy's board of governors convened via a secure Zoom session on Tuesday morning.  —  The 93rd Academy Awards ceremony is still slated …
Jim VandeHei / Axios:
Axios, which had qualified for a $4.8M PPP loan, will return the money after nearing a deal for other capital and after the program prompted divisive debate  —  Axios, which qualified for a federal Paycheck Protection Program loan to avoid layoffs, will return the money, after nearing a deal for an alternative source of capital.
RELATED:
Tim Baysinger / The Wrap:
Amazon renews its NFL deal for 3 more seasons, with Amazon and Twitch getting exclusive global rights to one late-season Saturday game each season  —  Amazon will stream “Thursday Night Football” for three more seasons and get an additional game all to itself in a new deal with the NFL.
Charlotte Tobitt / Press Gazette:
The Guardian says it had 821,000 readers making monthly contributions at the end of March, up 23% YoY; digital app subscriptions grew by 39% YoY to 265,000  —  The Guardian's reader revenues have grown at record rates since the coronavirus crisis began, it has revealed as one of UK's biggest …
Sarah Perez / TechCrunch:
Spotify-owned Anchor introduces a feature that will allow creators to turn their video chats and virtual hangouts into podcast-ready audio  —  Spotify is tapping into the increased usage of video conferencing during the coronavirus quarantine to grow its own podcast business.
Matthew Moore / The Times:
Facebook poaches Tony Close, director of content standards at Ofcom, as director of content regulation; Ofcom is preparing to regulate social media companies  —  A senior official at the watchdog preparing to regulate social media companies has been poached by Facebook to help it respond to the curbs.
Elizabeth Williamson / New York Times:
Profile of Kayleigh McEnany, whose role as Trump's White House press secretary has become indistinguishable from her role as Trump campaign's spokeswoman  —  Kayleigh McEnany saw Donald J. Trump as her ticket to stardom.  She has been fighting for him for much of her adult life, now as the president's fourth press secretary.
The New York Times Company:
Kara Swisher is leaving her Recode Decode podcast on July 1 to produce a new twice-weekly podcast for NYT's Opinion section  —  Kara, who became a Times contributor in 2018, will start producing a twice-weekly show that will make its debut in the fall.  Read more in this note from James Bennet …
Patrick Brzeski / Hollywood Reporter:
Head of China's Film Bureau says cinemas are expected to reopen in early June; Chinese officials estimate lost box office revenue at $4.2B in total so far  —  Movie theaters in China, the world's second-biggest film market, have been closed since late January, weeks before they shut down in North America.
Discussion: @lucas_shaw
 
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 More News: 
Shawn Lim / The Drum:
Facebook Journalism Project announces a $2M investment in grant funding, coaching, and training to support Asia-Pacific news organizations covering the pandemic
Lucinda Southern / Digiday:
With its print edition on hold, Stylist has launched an app with paywalled content, a £22 annual subscription, and 10K downloads over the last two weeks
Discussion: Medialyte
Aleksandra Sagan / Toronto Star:
In a staff memo, Canada's Postmedia Network says it will lay off about 80 employees, permanently close 15 community publications, and impose tiered pay cuts
Christine Schmidt / Local News Lab:
How local news ecosystems in New Mexico, New Jersey, Colorado, North Carolina, and Chicago are responding to the COVID-19 crisis
Josh Kosman / New York Post:
Sources: Dish is pushing for refunds from Disney, invoking force majeure, due to the lack of live sports on ESPN, but Disney has rebuffed the request so far
 Earlier Picks: 
Melynda Fuller / MediaPost:
Trusted Media Brands, parent company to Reader's Digest, Family Handyman, and others, names Beth Tomkiw as its first chief content officer
Freddy Mayhew / Press Gazette:
London Evening Standard CEO Mike Soutar to step down after six months in the role; the paper, which printed 800K copies pre-crisis, is now down to 500K
Dean Takahashi / VentureBeat:
Virtual concerts firm Wave announces a concert series starting April 30, to be streamed on all major platforms, and partnerships with Warner Music, Roc Nation
Discussion: Rolling Stone and Variety
Casey Newton / The Verge:
YouTube adds fact-check info boxes to some searches, above the search results, in the US, after launching in Brazil and India last year
Thom Geier / The Wrap:
Universal says Trolls World Tour on-demand release has netted ~5M downloads; source: it's made $77M in revenue from the 80% it retains from digital rental fees