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Sinclair: We’re Making Money from Canceled Sports Events

Bloomberg: Sinclair, the biggest owner of regional sports networks in the US, touted an unusual achievement this week: making money from canceled games. The broadcaster stands to collect more in rebates from team owners for scrubbed events than it will return to its...

Gannett to Make Cost Cuts Permanent as Covid Takes a Toll

USA Today: Gannett CEO Michael Reed says temporary cost cuts will be phased out after the third quarter and the company will be "replacing them with permanent cost reductions" due to the slumping economy. Following the merger with GateHouse Media, Gannett continues to...

Conde Nast Faces Big Battle in Effort to Leave Headquarters

New York Post: Conde Nast's lease at One World Trade Center runs until 2039. The skyscraper's landlords been stung by coronavirus-related revenue losses and can't afford to give away the store. "They're going to dig in like hell. They gave Conde Nast the moon to move...

Bloomberg Veteran Emerges as Digital Media Entrepreneur

Talking Biz News: "I was able to bootstrap my digital media firm, C-Change Media, on Aug. 9 of 2010, after spending six months preparing for the launch of our first website, Poets & Quants," writes former Businessweek top editor John Byrne. "Four other websites...

Comcast Rolls Out Layoffs Across Operations of NBC News

New York Post: NBC News will lay off a slew of staff as a result of the Covid-19 pandemic. Just under 3 percent of the workforce at the news division is being axed. Variety: Three E! entertainment news shows — "E! News," "Pop of the Morning" and "In the Room" — have...

Twitter, Facebook Remove Trump Post of Fox News Video

USA Today: Facebook took down a post from President Trump's personal page of a Fox News interview in which he said that children are "almost immune" from Covid-19. It was the first time Facebook has removed a post by the president. Twitter also took action late...

Publicis Parts with Staffer Following Tweets on Coronavirus

Ad Age: Tom Goodwin, head of futures and insight for Publicis Groupe, is leaving the agency holding company after posting tweets criticizing "the obsession with Covid deaths over all other deaths" as "entirely gruesome." Publicis says the tweets "do not meet the...

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