Top News:
CNBC:
Disney reports $18.01B in Q2 revenue vs. $17.8B expected, up 21% YoY, estimates COVID-19 impact on Q2 operating income for parks and experiences was about $1B — - Disney reported mixed results for its Q2 2020 earnings after the bell on Tuesday. — The pandemic has disrupted Disney's theme parks …
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Broadcasting & Cable, The Wrap, Variety, Multichannel News, Variety, Deadline, Fast Company, /Film, Axios, Deadline, Bloomberg, @realwillmeade, @alexweprin, @richlightshed, @alexweprin, @natjarv, @natjarv, @xpangler, @xpangler and @cnbc
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Jessica Bursztynsky / CNBC:
Disney+ has seen paid subscribers grow from 33.5M in March to 54M in May, nearly meeting its launch date projection of 60M-90M users by the end of 2024 — - Disney announced Tuesday that it saw growth across all of its streaming service platforms in the past quarter.
Discussion:
Hollywood Reporter
Jeremy Barr / Hollywood Reporter:
NBCUniversal announces a 20% pay cut for members of top management who report directly to CEO Jeff Shell and rolls back raises for those making over $100,000 — Chief executive Jeff Shell on Tuesday laid out the cost-saving measures in a staff memo. — NBCUniversal CEO Jeff Shell's …
Discussion:
Variety, Wall Street Journal, The Wrap, New York Post, Variety and The Wrap
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Elizabeth Wagmeister / Variety:
Sources: NY AG launched a broad-scoped investigation late last year into allegations of sexual harassment, retaliation, and gender discrimination at NBC News — Time's Up Says Joe Biden Addressed Sexual Assault Allegation With ‘Seriousness It Deserves,’ Then Points Finger at Trump
Discussion:
Deadline, TVNewser, Daily Mail, The Hill, Mediaite, @cam_cawthorne, @ewagmeister, @ewagmeister, @kateaurthur, @ewagmeister, @ewagmeister, @ewagmeister, @ewagmeister, @ewagmeister, @natemcdermott and The Wrap
The Daily Beast:
Sources: Andy Lack was blindsided by the NBC News restructuring announcement that also put Noah Oppenheim, who was expected to succeed Lack, on shaky ground
Discussion:
Washington Post, @brianstelter, @marvk, @thedailybeast, @kimmasters, @jimrutenberg and @kimmasters
Hollywood Reporter:
Telemundo chief Cesar Conde to oversee NBC News, MSNBC, and CNBC as chairman of NBCUniversal News Group, succeeding Andy Lack, who will be leaving the company
Discussion:
@marcatracy, New York Times, Mediaite, @brianstelter, @melsil, Ad Age, Deadline, @profkfh, @kimmasters, @thr, @nytimes, @sil_lai, @laceyvrose, @slthomas, @jeremymbarr, @jasonlynch, @thr, @marcatracy, @oliverdarcy, CNN and The Wrap
Digiday:
Sources: YouTube is developing a tool for news publishers to sell subscriptions to their digital properties via their YouTube channels — YouTube's latest olive branch to news publishers extends to publishers' own subscription businesses. — YouTube is developing a tool for news publishers …
Discussion:
Nieman Lab, @kerrymflynn and @sizpatel
BuzzFeed:
BuzzFeed names Mark Schoofs as EIC of BuzzFeed News, starting May 18; a Pulitzer winner, Schoofs is currently a professor at USC, where he'll continue to teach — NEW YORK/LOS ANGELES — BuzzFeed Founder and CEO Jonah Peretti announced today that Mark Schoofs will be the new Editor-in-Chief of BuzzFeed News.
Discussion:
The Wrap, @schoofsfeed, Press Gazette, New York Times, Variety, MediaPost, @benyt, Wall Street Journal, @peretti, @annenbergmedia, @melissadsegura, @dicktofel, The Hill, @miriamelder, @tomnamako, @annehelen, Axios, @buzzfeednews, @cwarzel, @jeremymbarr, @jayrosen_nyu, @jasonleopold, @o_ema, @felixsalmon, Mediaite, @jeremymbarr, @schoofsfeed, @saba_h and @chrisgeidner
John Ourand / Sports Business Daily:
Sources: despite 2 months without live sports, ESPN isn't close to breaching affiliate deals, meaning distributors can't start seeking rebates until Sept. 2021 — After a 7-week hiatus, SBJ Media returns tonight and will be delivered to your inboxes every Monday and Wednesday.
Discussion:
@alexmsilverman, @aquinas82nd, @richlightshed, @emptyseatspics and Awful Announcing
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ExchangeWire.com:
UK's Reach makes Mantis, its tool for detecting neutral or positive articles, available via Xandr, allowing ads to run on currently keyword-blocked content — A collaboration between IBM and Xandr, AT&T's advanced advertising company, and the UK's largest commercial news publisher Reach …
Discussion:
Digiday and Mediatel News
Jason Gutierrez / New York Times:
ABS-CBN, a leading Philippines network that has closely covered President Duterte's brutal reign, shuts off after Duterte and allies refuse to renew its license — ABS-CBN has closely documented President Rodrigo Duterte's brutal war on drugs that has left thousands of people dead.
Discussion:
BBC, CBS News, Yahoo News, @barnabychuck and @ustjrnsoc
Georg Szalai / Hollywood Reporter:
AMC Networks Q1: net income of $69M vs. $143M in Q1 2019 on revenue of $734M, down 6.4% YoY; US ad revenue fell ~11% YoY with a 30% drop expected in Q2 — The company, led by CEO Josh Sapan and the home of ‘The Walking Dead,’ raised its streaming subscriber forecast and discussed …
Discussion:
The Wrap, AMC Networks Inc., @thr, Broadcasting & Cable, The Wrap and The Streamable
Robert Channick / Chicago Tribune:
The union representing Chicago Tribune newsroom staff and other Tribune workers is trying to unseat 2 board members representing hedge fund Alden Global Capital — The union representing newsroom employees at the Chicago Tribune and other Tribune Publishing newspapers is waging a proxy campaign …
Discussion:
@chicagotribune, @royalpratt, @gaufre and @baltsunguild
Ashley Carman / The Verge:
Google launches Google Podcasts Manager, which provides performance metrics like listener retention data but won't provide demographic info “at this time” — Bringing it up to par with Apple Podcasts and Spotify — Google Podcasts is going to give podcasters a better idea of how their episodes perform.
Gerry Smith / Bloomberg:
NPR cuts pay on a sliding scale and ends contributions to its retirement plan as the pandemic pushes up projected losses to as much as $53M over two years — - Cost cuts are bid to ‘save jobs and support the future of NPR’ — Organization could lose up to $53 million over next two years
Fern Siegel / The Streamable:
TiVo partners with Pluto TV to add the latter to its TiVo+ Content Network — The alliance between free Pluto TV and TiVo means the latter's customers can seamlessly access the streamer's channels and on-demand content. — The deal nicely expands Pluto's reach. The platform offers 250-plus channels, from news to comedy.
Discussion:
Broadcasting & Cable
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