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12:40 PM ET, May 7, 2020


 Top News: 
Dade Hayes / Deadline:
ViacomCBS CEO says CBS All Access will be rebranded this summer, expand internationally in the next year, and add content from Paramount, BET, and others  —  UPDATED at 7:35AM PT with more Paramount film details.  CBS All Access will get a significant reboot this summer …
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.
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
Josh Mabry / Facebook Journalism Project …:
Facebook awards $16M in grants to 200+ local news outlets: $10.3M from the COVID-19 relief fund and $5.4M for participants in its local news accelerator program  —  Today, Facebook is announcing that more than 200 news organizations will receive nearly $16 million in grants through …
Discussion: VTDigger
Todd Spangler / Variety:
Dish lost 413K subscribers in Q1, including 281K Sling TV subscribers; the company now has 2.31M Sling TV subscribers and 11.32M total subscribers, down 6% YoY  —  Dish Network reported its worst-ever quarterly loss of subscribers, shedding 413,000 total pay-TV customers in the first three months of 2020.
Rebecca Rubin / Variety:
Cinema chain Alamo Drafthouse launches Alamo on Demand, offering movies curated by Alamo for rent or purchase online  —  From ‘Golden Girls’ to ‘Property Brothers,’ What Hollywood Stars Are Binging During Coronavirus Lockdown  —  Alamo Drafthouse, the cinema chain that largely popularized …
Debbie Weinstein / The Keyword:
YouTube to start running ad surveys on the YouTube app for TVs and introduce skippable ads to content cast onto a TV as users increasingly watch YouTube on TV  —  Viewer attention is shifting dramatically as we spend more time at home-and we've heard directly from many advertisers …
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.
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 More News: 
Nathan Bomey / USA Today:
Gannett Q1: $99.1M in adjusted earnings; revenue of $939M; print ad rev $268M, down 21% YoY; circulation rev $375M, down 7.5% YoY; digital subs up 29% to 863K
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
 Earlier Picks: 
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
Joe Mandese / MediaPost:
Axel Springer to merge eMarketer and Business Insider Intelligence to form Insider Intelligence
Discussion: Digiday
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
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