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8:05 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”
Chris Roush / Talking Biz News:
The Economist Group is laying off 90 employees, about 7% of its workforce, none of whom are editorial staff, and ending the print edition of the 1843 magazine  —  The Economist Group said Friday that it is laying off 90 staffers, or just less than 7 percent of its 1,300-person workforce.
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.
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.
SensorTower: downloads of the Pluto TV app more than tripled to 3M in April from 900,000 in January; signups for Tubi rose 30% to 4M, Vudu's grew 55% to 673,000  —  - No-cost platforms are getting better content, bigger audiences  — Viewers of Pluto TV increased 55% to 24 million in March
Discussion: @gerryfsmith and @ediggs
Melynda Fuller / MediaPost:
Microsoft expands partnership with NewsGuard, which rates news site credibility, making NewsGuard's 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.
Tristan Loper / News Revenue Hub:
News Revenue Hub, which helps news outlets with fundraising, says newsrooms that it works with raised $3.8M from donors since the beginning of March  —  The financial fallout from the coronavirus pandemic for news media has made one thing clear: Readers are ready to support vital reporting they need and trust.
Caysey Welton / Folio:
Meredith Q3: earnings of $151.8M, down 5.5% YoY, on revenue of $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: WWD and Motley Fool
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 More News: 
Wall Street Journal:
How “reputation managers” abuse DMCA notices to remove unwanted links from Google; Google restored 52K+ links and identified 100+ new abusers after a WSJ review
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: 
Greg Sargent / Washington Post:
By using phrases like “raises new questions”, media is repeating mistakes of 2016, giving unearned credibility to political attacks in the guise of objectivity
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
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