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8:50 AM ET, May 7, 2020

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 Top News: 
Alan Rusbridger / OneZero:
Some will inevitably see Facebook's Oversight Board as a fig leaf, but in my view, there's no excuse for not trying  —  Former Guardian editor Alan Rusbridger on why the social media giant ‘needs independent, external oversight’  —  Alan Rusbridger was the editor in chief of The Guardian between 1995-2015.
RELATED:
New York Times:
Facebook announces the first 20 members of its Oversight Board, out of a total of 40, including ex-Guardian editor Alan Rusbridger  —  The company's independent oversight body will focus on challenging content issues, such as hate speech and harassment.  —  The authors are co-chairs of Facebook's oversight board.
Dade Hayes / Deadline:
YouTube and ViacomCBS expand carriage deal, add 14 new networks, including BET, MTV, and Comedy Central, to YouTube TV this summer  —  YouTube and ViacomCBS have revealed an expanded, multi-year distribution deal that will add 14 new networks to the tech giant's YouTube TV service this summer.
Business Wire:
ViacomCBS Q1: $508M net earnings on $6.6B revenue; $471M in streaming and digital video revenue, up 51% YoY; 13.5M streaming subscribers, 24M+ MAUs on Pluto TV  —  - Sequential Improvement in Operating Income and Adjusted OIBDA, Diluted EPS and Adjusted Diluted EPS, as well as Operating Cash Flow and Free Cash Flow
RELATED:
Tim Baysinger / The Wrap:
Fox beat estimates with $3.44B in revenue for the quarter ending March 31, aided by Super Bowl ads; net income fell to $90M from $539M in same quarter of 2019  —  The Super Bowl may have been bad for the San Francisco 49ers, but it was good for Fox.  The 54th iteration of the NFL's title game drove Fox …
Radio & Television Business Report:
Sinclair Broadcasting agrees to pay a $48M penalty and abide by what the FCC calls a “strict compliance plan” in order to close three FCC investigations  —  The FCC late Wednesday afternoon announced the largest civil penalty involving a broadcaster in the agency's 86-year history.
IJ4EU:
IJ4EU opens applications for cross-border investigative journalism projects in EU and EU candidate countries, providing €1M in grants of between €5K and €50K  —  One million euros for projects in Europe in 2020  —  Read this text in: бълга р …
Michael Potuck / 9to5Mac:
NBCUniversal's streaming Peacock service will be integrated with the Apple TV app at launch on July 15, as well as available through the Peacock iOS/tvOS app  —  NBCUniversal officially took the wraps off its Peacock streaming service back in January and kicked off a limited release for Comcast and Cox customers in April.
Tom Jones / Poynter:
Reporter describes harassment by Trump supporters for wearing masks outside a Honeywell plant while Trump was inside thanking staff for making masks  —  Reporters covering President Donald Trump's visit to a Honeywell plant in Arizona on Tuesday faced nasty words from a small group of his supporters.
Nicholas Quah / Nieman Lab:
Campside Media, with three journalists and a screenwriter-producer, was formed in part to capitalize on Hollywood interest in podcast stories as adaptable IP  —  Welcome to Hot Pod, a newsletter about podcasts.  This is issue 257, dated May 5, 2020.  —  Pandemic watch.  It's Cinco de Mayo.
 
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 More News: 
John Eggerton / Broadcasting & Cable:
Fox News signs a deal with Spotify to distribute its more than 20 podcasts and three syndicated talk radio shows
Joe Mandese / MediaPost:
Axel Springer to merge eMarketer and Business Insider Intelligence to form Insider Intelligence
Discussion: Digiday
 Earlier Picks: 
CNN:
In Trump's first TV interview outside the Fox-verse since the start of the pandemic, ABC's David Muir let Trump float brazen misinformation to millions
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
Discussion: Adweek
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
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
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
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
 

 
From Techmeme:

Financial Times:
Microsoft invests $1.5B in Abu Dhabi-based AI group G42 for a minority stake, as G42 severed its ties with Chinese suppliers; Brad Smith will sit on G42's board

Artificial Intelligence Index:
Stanford's AI Index report: training top AI models is way more expensive, AI still trails humans on complex tasks, people are more nervous about AI, and more

Foo Yun Chee / Reuters:
EU antitrust regulators are questioning Broadcom about changes to VMware's licensing conditions, following complaints from EU business users and a trade group
 
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