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3:39 PM ET, May 7, 2021

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 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.
RELATED:
Maxwell Tani / The Daily Beast:
In an email, Washingtonian CEO apologized to magazine staff for her WaPo op-ed, assuring them there would be no changes to benefits or employee status  —  The D.C. magazine's staff revolted on Friday after their owner wrote an op-ed suggesting remote workers could be penalized—a “public threat to our livelihoods,” employees said.
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
Chris Welch / The Verge:
Google adds YouTube TV to the main YouTube app on Roku devices and says it is securing “free streaming devices” for customers in case talks with Roku fail  —  It's also securing ‘free streaming devices’ for customers in case talks with Roku completely fall apart
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 …
The New York Times Company:
NYT announces a two-year paid editing residency program to “foster and nurture the next generation of editors”  —  The new residency will foster the next generation of editors, giving them the tools and extensive training they need to help shape journalism in the future.
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 …
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
Lucas Shaw / Bloomberg:
Source: stars of A Quiet Place Part II, whose pay is tied to box office performance, are in a dispute with Paramount over plans to stream early on Paramount+  —  The studio is shortening the film's theatrical run, threatening their potential payday  —  Paramount Pictures is in a pay dispute …
Keith J. Kelly / New York Post:
Heart is offering voluntary buyouts to its sales and marketing staff across its magazine division, digital ad agency, and branded content group  —  Hearst Magazines, which has mostly avoided layoffs since the pandemic began, said Thursday it will offer voluntary buyouts to all its sales and marketing employees.
 
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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
 Earlier Picks: 
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
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
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