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12:55 PM ET, May 12, 2020


 Top News: 
Nicole Sperling / New York Times:
Jeffrey Katzenberg blames COVID-19 for Quibi's paltry downloads as execs lower projections from 7M users and $250M subscriber revenue estimated for first year  —  Downloads of the $1.8 billion short-form streaming app, meant for phones, are paltry.  “I attribute everything that has gone wrong to coronavirus,” Mr. Katzenberg said.
Elizabeth Culliford / Reuters:
Twitter says it will add labels and warning messages to tweets about COVID-19 with misleading or disputed content and plans to expand the labels to other topics  —  (Reuters) - Twitter Inc will add labels and warning messages on some tweets with disputed or misleading information about COVID-19 …
Laura Hazard Owen / Nieman Lab:
Emily Ramshaw says The 19th still plans to launch late this summer despite the pandemic, to explore how women are disproportionately affected by the crisis  —  Emily Ramshaw and Amanda Zamora had not planned to launch The 19th during a pandemic.  Their national nonprofit news site …
Tony Maglio / The Wrap:
Disney has raised $11B in debt, according to a Tuesday filing with the SEC  —  Disney has raised $11 billion dollars in new debt, according to a Tuesday filing with the Securities and Exchange Commission (SEC).  —  “The company intends to use the net proceeds from the sale of the notes …
Des Moines Register:
Meredith delays its quarterly earnings report to Thursday, citing an “extremely challenging business environment”  —  Saying it is facing “an extremely challenging business environment” because of the COVID-19 pandemic, Meredith Corp. informed the U.S. Securities and Exchange Commission …
Sarah Perez / TechCrunch:
Spotify Kids now allows parents to view kids' listening history and block individual tracks and expands to Germany and Japan  —  Spotify is expanding the capabilities of its parental controls on its Spotify Kids app, aimed at children ages 3 and up on a parent's Spotify Premium Family plan.
Ashley Carman / The Verge:
Spotify announces Group Sessions in beta, letting multiple Premium users control a listening session
Nick Statt / The Verge:
Facebook says it took action on 9.6M pieces of hate speech content in Q1, up by 3.6M, and AI now proactively detects 88.8% of it, up from 80.2% last quarter  —  Facebook sheds light on its new AI-powered moderation  —  Facebook on Monday released a new report detailing how it uses a combination …
Isaac Chotiner / New Yorker:
Interview with MSNBC's Chris Hayes on how his life and show have changed during the pandemic, covering the Tara Reade allegations, and more  —  Before the coronavirus pandemic reshaped media priorities, along with just about everything else, the MSNBC host Chris Hayes was spending …
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Alex Weprin / Hollywood Reporter:
Comcast unites its NBCUniversal and Sky business units to launch a new advertising unit for global brands and international marketers
Some OAN staff say they were embarrassed by a Friday report from the channel promoting a fringe conspiracy theory, and the segment was pulled out of TV rotation
Katie Shepherd / Washington Post:
Trump calls for NBC to fire Chuck Todd after Meet the Press acknowledges “inadvertently and inaccurately” editing a clip of an interview with AG William Barr