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10:50 AM ET, May 6, 2020


 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.
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 …
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 …
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 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