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3:10 PM ET, May 15, 2020


 Top News: 
Vice to lay off 55 in the US and ~100 globally, citing the fact that digital organization accounts for 50% of headcount costs but brings in about 21% of revenue  —  Vice CEO Nancy Dubuc on layoffs: 55 in US + ~100 globally: “The reality is that some tough decisions had to be made primarily around our digital teams. Currently, our digital organization accounts for around 50% of our headcount costs, but only brings in about 21% of our revenue”
Joe Pompeo / Vanity Fair:
Sources: NYT is getting under the skin of BuzzFeed staff by raiding BuzzFeed talent and sometimes re-reporting BuzzFeed stories with little credit  —  Poaching employees and rereporting other outlets' stories is in the Times DNA, and BuzzFeed is now in the crosshairs.
Robert Channick / Chicago Tribune:
Tribune Publishing and the Chicago Tribune Guild agree to a three-week furlough taken in one week increments for all unionized employees making $40K+  —  Tribune Publishing and the Chicago Tribune Guild agreed Wednesday to a three-week furlough for all unionized newsroom employees making $40,000 …
Discussion: @toddlighty
Melynda Fuller / MediaPost:
Microsoft expands partnership with NewsGuard, which rates news site credibility, making NewsGuard extension free for Edge browser users on desktop and mobile  —  NewsGuard Technologies is expanding its partnership with Microsoft through browser expansions, adoption in new programs and continued sponsorships.
Wall Street Journal:
European Journalism Covid-19 Support Fund:
European Journalism Centre and Facebook Journalism Project announce 57 outlets receiving grants of €10K or €25K to address business needs caused by COVID-19  —  The European Journalism Centre (EJC) in partnership with the Facebook Journalism Project (FJP) is today announcing 57 …
Discussion: HoldtheFrontPage
Ben Lovejoy / 9to5Mac:
Netflix begins restoring full quality streaming in Europe; Apple TV+ has restored 4K streaming late April  —  Netflix is gradually lifting coronavirus-related streaming quality limits in Europe.  Netflix, Apple TV+, Amazon Prime Video have all complied with a European Commission request …
Caysey Welton / Folio:
Meredith Q3: earnings of $151.8M, down 5.5% YoY, on revenue $701.7M, down 6.5% YoY; ad revenue hit $332.1M, down 9.8% YoY; licensing revenue grew 27% YoY  —  After a few days of delay, Meredith released its Q3 earnings, which closed on March 31.  Starting with the bottom line …
Discussion: Motley Fool
Marc Tracy / New York Times:
Reporters in the US and abroad face altercations with anti-lockdown protestors, an extension of the general antagonistic feeling toward journalists  —  Journalists covering the pandemic have faced the wrath of people who are against social-distancing restrictions.
Quartz CEO says even with 17K paid subscribers, the company is laying off 80 staff, closing physical offices in four locations as it seeks profitability by 2022  —  Quartz CEO Zach Seward's remarks to staff re today's layoffs: “This is no doubt the greatest challenge we have faced as a company.. I have made the very difficult decision to eliminate about 80 roles at Quartz and make other changes in order to improve the health of our business”
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 More News: 
Jon Lafayette / Broadcasting & Cable:
Extreme Reach: in Q1, share of CTV ads among digital video ads fell to 37%, down 21% from Q4; 30-second ads accounted for 77% of all digital video ads, a record
Sahil Patel / Wall Street Journal:
Integral Ad Science, which offers ad-verification services and is used by marketers to avoid unwanted ad placement, is laying off about 10% of its 700 employees
Discussion: Adweek
Ben Thompson / Stratechery:
Forcing Facebook and Google to pay for news could lead to uncritical reporting on tech; better approaches would tackle roots of media woes, including ad markets
 Earlier Picks: 
Emil Protalinski / VentureBeat:
From August, Chrome will start blocking ads that consume 4MB of network data, 15 seconds of CPU usage in any 30 second period, or 60 seconds of total CPU usage