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2:00 PM ET, May 13, 2020

Mediagazer

 Top News: 
Max Willens / Digiday:
Sources: Apple is asking the publishers participating in Apple News+ for permission to produce audio versions of stories, with Apple handling production costs  —  Apple News+ is pivoting to audio.  —  Over the past several months, Apple has been asking the publishers participating …
Jeffrey A. Trachtenberg / Wall Street Journal:
Memo: Condé Nast will lay off about 100 US employees, with a similar number temporarily furloughed and a small number of staff getting reduced work schedules  —  Similar number to be temporarily furloughed as advertising slowdown takes a bite  —  Condé Nast …
Paul Kiel / ProPublica:
ProPublica, WaPo, Bloomberg, NYT, and Dow Jones have sued the Small Business Administration over its refusal to release details about who received PPP loans  —  The Small Business Administration, which is administering the lending program, has said it will disclose the names of companies that got loans — just not yet.
Bloomberg:
Sources: Luminary Media raised $30M+ at a level below last year's $200M valuation, bringing its total raised to $160M, and is seeking more funding  —  - Startup raises more than $30 million in round, looks for more  —  Luminary Media, the money-losing podcasting startup …
Casey Newton / The Verge:
Facebook will pay $52M in a settlement covering 11,250 content moderators as compensation for mental health issues developed on the job  —  Current and former moderators will all be paid a minimum of $1,000  —  In a landmark acknowledgment of the toll that content moderation takes on its workforce …
RELATED:
Tim Warsinskey / Plain Dealer:
Cleveland.com will now produce all content for The Plain Dealer, 4 remaining Plain Dealer reporters have job offers at cleveland.com; union to be dissolved  —  CLEVELAND, Ohio — The reality and challenge of being a journalist these days is covering change while being part of change.
Bijan Stephen / The Verge:
Reports: live-streaming grew 45% between March and April, and 99% YoY; Twitch saw the highest growth, as hours watched rose 50% from March to April and 101% YoY  —  Every platform grew, but Twitch is still the biggest  —  We finally have numbers to back up the wild view counts we've seen …
Katie Roof / Bloomberg:
Morning Consult, the market research startup founded in 2014, raises $31M Series A from James Murdoch's Lupa Systems and others, at a valuation of $306M  —  - Murdoch's Lupa Systems backs market research firm with funding  — Company raised $31 million valuing it at $306 million
Discussion: The Media Nut
Washington Post:
Katie Kilkenny / Hollywood Reporter:
People's digital team announces its intention to form a union with the NewsGuild, joining its print division, which unionized in the 1970s  —  Ninety-six percent of the brand's digital group employees nationwide who are eligible have signed cards indicating their interest in organizing.
 
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 More News: 
Reed Richardson / Mediaite:
NBC's Chuck Todd apologizes for airing a truncated clip of a CBS News interview with AG Bill Barr but says it was “not our edit,” after blowback from Trump
 Earlier Picks: 
Alan Rosenberg / Providence Journal:
Providence Journal to halt editorials because of hyper-partisanship and because readers think reporters will try to reflect the paper's views in their coverage
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
Sarah Perez / TechCrunch:
Spotify Kids now allows parents to view kids' listening history and block individual tracks and expands to Germany and Japan
Discussion: Spotify Newsletter
 

 
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

Ryan Browne / CNBC:
Telegram partners with Tether to let the messaging app's ~900M users send USDT to each other through The Open Network blockchain

 
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