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9:50 AM ET, May 7, 2021

Mediagazer

 Top News: 
Andrew Beaujon / @abeaujon:
Washingtonian editorial staff won't publish today after their CEO implied in a WaPo op-ed that management should categorize remote staff as contractors  —  As members of the Washingtonian editorial staff, we want our CEO to understand the risks of not valuing our labor. We are dismayed by Cathy Merrill's public threat to our livelihoods. We will not be publishing today.
Esther Crawford / Twitter:
Twitter introduces Tip Jar, allowing everyone using Twitter in English to send tips, and a limited group, including journalists and experts, to accept tips  —  We $ee you - sharing your PayPal link after your Tweet goes viral, adding your $Cashtag to your profile so people can support your work …
Washington Post:
While Alden pledged $375M in cash for Tribune, one clause would let Alden finance the cash with debt or equity financing, possibly raising Tribune's debt burden  —  Experts say Alden Global Capital's offer to invest in the Chicago Tribune, Baltimore Sun and other newspapers isn't what it seems
RELATED:
Keith J. Kelly / New York Post:
Tribune Publishing Q1: net income of $6.1M on revenue of $173.6M; ad revenue fell 26.4% YoY, compensation expenses fell 35.8% YoY, and cash balance was $250.7M  —  Tribune Publishing posted a first-quarter profit but canceled its earnings call, citing the imminent completion of a deal to take the newspaper giant private.
Olivia Messer / Study Hall:
The trauma of covering the pandemic has battered journalists, and the industry is losing a generation of reporters and editors to despair and moral injury  —  When I told my editors at The Daily Beast that I needed to quit my job as the newsroom's lead COVID reporter, I couldn't even say the word “quit.”
Victoria Lewis / WPTV:
Florida Governor Ron DeSantis has barred local media from attending the signing of a voting restriction bill; the event is a “Fox News exclusive”  —  Gov. Ron DeSantis has signed Florida's elections reform bill into law.  DeSantis signed SB90, which includes restrictions on voting …
Makena Kelly / The Verge:
NY AG's office says fake comments, including 8.5M funded by largest US ISPs, accounted for ~18M of the 22M+ net neutrality comments received by the FCC in 2017  —  The New York attorney general's office released a new report detailing the effort  —  The New York attorney general's office issued …
News Corp:
News Corp Q3: net income of $96M on revenue of $2.34B, up 3% YoY; WSJ subscriptions up 21% YoY to 3.38M, of which 2.63M were digital; digital ad rev up 30% YoY  —  - Revenues were $2.34 billion, a 3% increase compared to $2.27 billion in the prior year, driven by the continued strong momentum across our key growth pillars
Discussion: Reuters
Benjamin Mullin / Wall Street Journal:
Sources: the Athletic is no longer in merger talks with Axios, sees the NYT as the leading merger contender, and had ~$80M in revenue in 2020 with 600 staff  —  Publisher's talks with Axios are no longer active; New York Times Co. seen as leading contender for tie-up
Sara Fischer / Axios:
YouTube to spend $7M on two year-long journalism programs: one for independent journalists who want to start channels, another to help digital-first newsrooms  —  YouTube is spending $7 million to fund two new programs to help journalists looking to build an audience on YouTube, executives tell Axios.
Jennifer Maas / The Wrap:
AMC Networks CEO says its five streaming services are on track to have at least 9M subscribers by the end of the year as Q1 streaming revenue grew of 14% YoY  —  But the company smashed Wall Street's earnings expectations  —  AMC Networks missed revenue expectations for the first quarter of 2021 …
 
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 More News: 
Jennifer Alsever / Fortune:
How publishers are using tech, including AI-generated voices for audiobooks, Google Lens AR, and Amazon's novella app Kindle Vella, to entice young readers
Emily Bary / MarketWatch:
IAC beats Q1 estimates with revenue of $876M, up 28% YoY, with Vimeo posting $89.4M in revenue, up 57% YoY; shareholders set to vote on Vimeo spinoff May 14
Discussion: IAC
Anna North / Vox:
20 current and former staffers discuss their experience working for National Geographic since its 2018 recognition of past racist coverage and pledge to improve
Sophie Huet / AFP Correspondent:
Restrictions in place due to COVID have led to the proliferation of press pools, which only allow for limited perspectives, and of events closed to the press
Protocol:
Netflix is surveying users about their interest in features such as podcasts and user-generated playlists of shows and music, for a project called N-Plus
 Earlier Picks: 
Sara Fischer / Axios:
A record 44% of the NYT's 301K new digital subscribers in Q1 were to non-news products like cooking, games, and audio
Issie Lapowsky / Protocol:
Q&A: Facebook Oversight Board director Thomas Hughes on upholding Trump's ban, why the Board isn't a PR stunt, Facebook refusing to answer its questions, more
Georg Szalai / The Hollywood Reporter:
ViacomCBS Q1: 36M streaming subscribers, up 6M since Q4; streaming revenue grew 65% YoY to $816M; net earnings up 79% YoY to $899M, affiliate revenue of $2.08B