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4:25 PM ET, May 12, 2020


 Top News: 
Alex Bhattacharji / Los Angeles Magazine:
As Valence Media seeks to soften and kill coverage of controversial subjects, THR is fighting to maintain its reputation for independence and propriety  —  As its parent company seeks to soften and kill coverage of controversial subjects, ‘The Hollywood Reporter’ is fighting to maintain its journalistic integrity
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.
Suzanne Vranica / Wall Street Journal:
Sources: advertisers like GM are looking to exercise an option, available since May 1, to cancel up to 50% of their Q3 TV ad spend, an estimated $1B-$1.5B loss  —  Companies are seeking to take advantage of options that became available May 1 to cancel up to 50% of third-quarter spending
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 …
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 …
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  —  President Trump spent much of his Sunday holiday sharing more than 100 tweets and retweets, bouncing between wishing everyone a …
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 More 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
 Earlier Picks: 
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