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4:55 PM ET, May 8, 2020

Mediagazer

 Top News: 
Kerry Flynn / CNN:
Forced to cancel moneymaking in-person events, some media companies have switched with success to virtual events that have driven audience growth and revenue  —  New York (CNN Business)Fans of Bon Appétit's Test Kitchen chefs were invited to the “Best Weekend Ever” event in New York City last fall.
Abby Ohlheiser / MIT Technology Review:
A look at the symbiotic ties of anti-vaxxers and COVID-19 conspiracy theorists with mainstream YouTubers, as the platform tries to regulate misinformation  —  Covid-19 conspiracy theorists are still getting millions of views on YouTube, even as the platform cracks down on health misinformation.
Todd Spangler / Variety:
Music streaming company LiveXLive acquires Courtside Group, owner of podcast network PodcastOne, for ~$18M; Podcast One generates 2B+ episode downloads annually  —  Music livestreamer LiveXLive is diversifying its business with the acquisition of PodcastOne, a podcast network that hosts shows …
Diana Falzone / VICE:
The five women who sued NY1 for age and gender discrimination in 2019 say they have had to endure retaliation that has created an even more toxic environment  —  Last June, five female anchors and reporters at the New York cable news channel NY1 sued their employer, alleging systemic gender and age discrimination.
Kathryn Hopkins / WWD:
ENTtech Media halts Paper Magazine's print edition, lays of four staff, and implements pay cuts ranging from 20% to 30% for the highest paid employees  —  Paper owner EnTech Media has halted print issues, temporarily cut pay and laid off a few staffers.  —  Paper Magazine …
Victor Pickard / The Nation:
Converting post offices into places to produce community media, with public broadband, would strengthen the original USPS purpose of delivering news and ideas  —  The postal service is a core democratic infrastructure—and it's time we remember that and fund it appropriately.
Tatiana Siegel / Hollywood Reporter:
Saudi Arabia's sovereign fund took a 5.7% stake, worth ~$500M, in Live Nation in April, its first investment in American entertainment since Khashoggi's murder  —  As oil prices plunge, the kingdom's Public Investment Fund has made an offer for Warner Music Group, after nabbing a $500 million Live Nation stake to diversify.
Dade Hayes / Deadline:
MGM takes a stake in podcast company Audio Up, which will produce and distribute up to five podcasts per year for MGM and give it first looks for adaptations  —  EXCLUSIVE: With podcasting continuing to surge as a form of media and entertainment, and audio properties increasingly of interest …
Georg Szalai / Hollywood Reporter:
MoffettNathanson: pay TV subscriptions fell a record 1.8M in Q1, with 63% of US households subscribing, down to '95 level, as virtual and satellite TV implode  —  “There are now as many non-subscribing households (46 million) as there were pay TV subscribers in 1988," noted MoffettNathanson analysts.
Lara O'Reilly / Digiday:
Sources: TikTok plans to roll out an AR ad format in Q3, which will allow users to add interactive visual effects from advertisers to their TikTok videos  —  TikTok is readying the launch of a new augmented reality ad format as the popular video app continues to rapidly ramp up its ad product development …
Discussion: @larakiara
CNN:
In June 2015, White House Press Secretary Kayleigh McEnany harshly panned Trump, calling his comments on Mexican immigrants “racist”, then defended him by July  —  (CNN)New White House press secretary Kayleigh McEnany was a harsh critic of then-candidate Donald Trump before she became …
RELATED:
News Corp:
News Corp reported $2.27B in revenue for the quarter ending March 31, down 8% YoY, with a net loss of $1B vs. net income of $23M in the prior year
RELATED:
Dade Hayes / Deadline:
YouTube and ViacomCBS expand carriage deal, add 14 new networks, including BET, MTV, and Comedy Central, to YouTube TV this summer
 
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 More News: 
Fern Siegel / The Streamable:
NBCU's streaming service Peacock will be available on Xbox One devices at launch on July 15
Todd Spangler / Variety:
Roku posts revenue of $320.8M for Q1, up 55% YoY, and a net loss of $54.6M, warns that ad revenue growth will slow this year; stock down 9%+ after hours
Laura McGann / Vox:
To hold up to scrutiny, #metoo reporting has been built on extraordinary amounts of evidence and multiple accusers, factors missing in the case of Tara Reade
 Earlier Picks: 
New York Times:
Publishers and marketing execs say some advertisers essentially boycotted serious journalism unintentionally by blocking ads from running near certain keywords
 

 
From Techmeme:

Foo Yun Chee / Reuters:
Sources: EU may accept Apple's proposal to open its NFC payments tech to rivals, and may close its antitrust probe in May, letting Apple avoid hefty fines

George Steer / Financial Times:
Nvidia closed down 10% on Friday, falling the most since March 2020 and losing more than $200B of its market value, as investors pull back from AI bets

Gaby Del Valle / The Verge:
The US Senate reauthorizes FISA's Section 702; some communication service providers had threatened to stop cooperating with the US government in case of a lapse
 
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