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10:50 AM ET, May 6, 2020

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 Top News: 
Marc Tracy / New York Times:
NYT Q1: net income up 8.9% YoY to $32.8M on revenue of $443.6M, up 1% YoY, ad rev fell 15.2% YoY, digital subscriptions grew 39.6% YoY to 5M of 5.8M total subs  —  Widespread interest in coronavirus coverage drew nearly 600,000 digital subscribers during three months of 2020.
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 …
RELATED:
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
Will Oremus / OneZero:
Interviews with Emily Bell and Ken Doctor highlight potential gains and pitfalls if Silicon Valley giants were to start compensating news producers  —  With news outlets in crisis, some countries are turning to Big Tech to save them.  That's trickier than it sounds.  —  News media are in crisis.
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 …
Bloomberg:
Spotify CEO expects Apple to “open up” its platform more to 3rd-party apps, after Spotify's antitrust complaint with the EU, but sees it as a long-term process  —  - Apple plans to let other music services integrate with HomePod  — Ek says ‘steps to go before’ Apple is open and fair platform
Dave McNary / Variety:
Authentic Brands and David Glasser's 101 Studios partner to launch Sports Illustrated Studios, with plans for several TV series and feature films per year  —  Sports Illustrated Studios is launching to develop feature film and television projects as a joint venture between David Glasser's 101 Studios …
Discussion: Adweek and The Wrap
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.
Rick Porter / Hollywood Reporter:
Disney plans a 30 minute “virtual roadshow” in lieu of upfront; sources: WarnerMedia is skipping in-person and virtual upfronts, talking directly with ad buyers  —  Both companies will instead take their messages directly to ad buyers.  —  With TV's upfronts in flux during …
Angela Lashbrook / OneZero:
 
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 More News: 
Joe Mandese / MediaPost:
Axel Springer to merge eMarketer and Business Insider Intelligence to form Insider Intelligence
Kim Willsher / The Guardian:
France takes down a COVID-19 “fake news” page on its website, which claimed to debunk disinfo in French media, after complaints it infringed on press freedoms
Mark Sweney / The Guardian:
UK broadcaster ITV says it had furloughed about 800 staff after ad revenues fell 42% in April; in March, ITV predicted a 10% fall in ad revenues for April
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
 Earlier Picks: 
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
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
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