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11:00 PM 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.
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.
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.
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.
Joe Mandese / MediaPost:
Axel Springer to merge eMarketer and Business Insider Intelligence to form Insider Intelligence  —  eMarketer, founded in 1996 and acquired by German publishing company Axel Springer in 2016, is being merged with Business Insider Intelligence, a research and reports division launched in 2015 …
Discussion: Digiday
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.
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
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  —  But Fox warns of forthcoming impact from coronavirus pandemic  —  The Super Bowl may have been bad for the San Francisco 49ers, but it was good for Fox.
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
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
Discussion: Hollywood Reporter and Axios
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.
Ashley Carman / The Verge:
Source: Spotify is testing video podcasts in its app, starting with two YouTube stars  —  The test is coming to half of Zane Hijazi and Heath Hussar's audience  —  Spotify is now testing video podcasts in its app, starting with two YouTube stars: Zane Hijazi and Heath Hussar, hosts of Zane and Heath: Unfiltered.
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  —  When he sat down to interview President Trump, David Muir had an enormous responsibility on his hands.
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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
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 and The Wrap
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
 Earlier Picks: 
Angela Lashbrook / OneZero:
A look at, an indie audiobook company, and, whose 10% affiliate share extends to its 3K+ partners, including NYT, Vox, and 560 bookstores
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