Penske Nabs Bloomberg, Sports Illustrated Pros for Sportico
Sports Video Group: Digital sports content platform Sportico has made seven new hires, including sports law expert Michael McCann from Sports Illustrated, sports business journalist Eben Novy-Williams from Bloomberg...
Maven, Publisher of Sports Illustrated, Obtains Federal Loan
WWD: Sports Illustrated publisher Maven is the latest media company to reveal it received a federal coronavirus loan. The company, which also owns TheStreet, was approved for a $5.7 million Paycheck Protection Program loan on April 6....
Hanley Wood Cuts 40 Workers, Pay Across B2B Publications
Folio: Hanley Wood, the Washington, DC.-based B2B media company serving the real estate, residential design and construction sectors, laid off employees last week and rolled out salary cuts for others, citing "impacts of Covid-19 on...
TheSkimm to Unveil Digital Membership Model This Summer
Axios: TheSkimm plans to launch a full-fledged digital membership model later this summer called "Teal Memb'rship." The company has been affected by the coronavirus pandemic, with 20 percent of staff laid off just a few weeks...
Vice, Quartz, BuzzFeed Join Savvy Digital Media in Hot Water
Washington Post: Many of the era’s digital innovators had already gone through rounds of layoffs and bouts of restructuring that preceded the pandemic. The job market is now flooded with a crop of experienced journalists picking over fewer possible...
Disney Taps Two Veteran Execs to Oversee Parks, Streaming
CNBC: Josh D'Amaro has been named chairman of Disney's parks, experiences and products. Rebecca Campbell will become chairman of Disney's direct-to-consumer division, which includes the company's global streaming...
Comcast’s NBC Faces $3 Billion Lawsuit from Oral-Care Firm
Wall Street Journal: SmileDirectClub has sued NBCUniversal, seeking nearly $3 billion in damages for what it alleges were defamatory news reports about the company's treatment methods. The suit focuses on a Feb. 13 “NBC Nightly News”...
Fox Corp’s News Channel Warns Viewers After Trump Claim
Associated Press: Fox News Channel anchor Neil Cavuto strongly urged viewers not to follow the example of President Trump, who revealed that he is taking a malaria drug to protect against the coronavirus. Trump said he has been taking...
ViacomCBS Chiefs Mull Return to Offices, Streaming Future
Variety: At ViacomCBS's annual meeting, chief Shari Redstone made a brief mention of the company starting to "contemplate return to work scenarios" for employees. CEO Bob Bakish talked of a "transformative rebrand and relaunch" of CBS All...
Netflix’s ‘Ozark’ Tops Most Popular Shows in US Streaming
Bloomberg: J.D. Power, which surveyed 1,232 U.S. adults in late April, found that the most-popular shows on streaming platforms were on Netflix. “Ozark” and “Tiger King” were first and second, while “The Office” -- a show that’s headed to Peacock -- was No....
Quibi Likely to Become First Casualty in Streaming Wars
Bloomberg: Quibi was in trouble well before a virus shut down the world. Other startups have had the same business plan — and they all failed. Quibi’s pitch is "YouTube but premium!" Quibi makes YouTube-length shows at Netflix-level...
ByteDance’s New TikTok CEO to Focus on Music, Gaming
Business Insider: Kevin Mayer, the new CEO of TikTok, plans to lean into music and gaming when he takes the helm at the fast-growing social-video app on June 1. In addition to growing TikTok's core video business, he will be looking at "closely related businesses that...
Study: Google Ad Dominance Harms Consumers, Publishers
AdAge: Google’s dominance of the $130 billion digital advertising market is harming advertisers and consumers, according to a new paper that outlines how the U.S. could bring an antitrust case against the internet...
Bezos’s Washington Post to Rethink Revenues in Lockdown
TheDrum: There's a new commercial playbook in place at Jeff Bezos’s Washington Post since the lockdown evaporated its usual ad market, and it is built around brands showing their utility in the wider world. "Our first priority can’t be to sell...
Conde Nast Pins Ad Revenue Growth on New Data Offering
Adweek: Conde Nast is releasing a new first-party data offering it hopes will draw interest from advertisers. The offering, Now|New|Next Segments, uses the publisher's first-party data across brands to share insights that speak to how consumers are...
Gannett to Launch Fourth Covid Newsletter from USA Today
Digiday: Next week, USA Today will launch its fourth national coronavirus newsletter. The newsletter, focused on sports, follows Staying Apart Together, a kind of self-care newsletter, and Daily Money, a newsletter on personal...
Tribune Sees ‘Hairspray’ Filmmaker Join Baltimore Petition
Baltimore Business Journal: More than 3,400 signatures have posted to a petition that seeks to convince Tribune to sell the Baltimore Sun to a group of local investors. The "Save Our Sun" petition won supporters including local A-listers like John...
Lee Enterprises Receives Notice of Risk to NYSE Delisting
MediaPost: Lee Enterprises received notice from the New York Stock Exchange that it is not in compliance with certain listing standards — that puts the company at risk of being delisted, according to an announcement from the...
Bauer Media Looks to Close, Sell Magazine Titles in Britain
Press Gazette: Bauer Media plans to close, merge or sell 10 of its print titles it says will not be sustainable once the Covid-19 crisis is over. The titles include music magazines Q and Planet Rock, car brands Modern Classics and Car Mechanics, and “true-life” title...
Maven Reveals ‘Doubt’ About Future of Sports Illustrated
Mediaite: Sports Illustrated only has enough money for the next 11 months and told investors that "there is substantial doubt about the company’s ability to continue as a going concern." Maven took over Sports Illustrated a little under a year...
Vice Media Moves Ahead with Latin Brand from Refinery29
TheDrum: The coronavirus has sent publishers' advertising revenues into decline, forcing many to lay off staff and hold back product developments. However, Refinery29 is bucking that trend with the launch of a new platform for the Latinx...
New York Times’s New Media Columnist Raises Eyebrows
Vanity Fair: Ben Smith has been the New York Times's media columnist for more than two months now, following in the footsteps of Jim Rutenberg and David Carr. He’s a bomb-thrower, not exactly a normal Timesian role, and his columns have made...
Disney’s Streaming Chief Departs to Become CEO of TikTok
Los Angeles Times: Kevin Mayer, the chairman of Disney's streaming business, is leaving the company to run the fast-growing mobile video app TikTok. Mayer will become CEO of TikTok, as well as COO of its Chinese parent company ByteDance....
Disney Issues Blunt Disclaimer Ahead of Orlando Reopening
Hollywood Reporter: Days before a small portion of the Walt Disney World Resort reopens after months of being shuttered due to the coronavirus, the company posted a disclaimer: "By visiting Walt Disney World Resort, you voluntarily assume all risks related to exposure...
Comcast’s NBCU Gives Open Guidance on Return to Offices
WWD: NBCUniversal is one media company that seems to be in no great rush to get its people back into offices. The media conglomerate has told all of its workers that those working from home should expect to keep doing so “for some period of...
ViacomCBS Shake-Up Stirs Fears of End to Comedy Central
New York Times: A shift in corporate strategy and a number of layoffs have left people in the comedy world concerned about the future of the network that made stars of Dave Chappelle, Stephen Colbert and Amy...
Vice Media CEO Lashes Out at Tech Giants in Layoffs Memo
CNBC: Vice Media CEO Nancy Dubuc blamed Big Tech for sucking up the lion’s share of growth in digital advertising, in her memo announcing staff layoffs of about 155. "Platforms are not just taking a larger slice of the pie, but almost the whole...
Alphabet’s Google Faces Onslaught of Antitrust Cases in US
Dow Jones: Both the Justice Department and a group of state attorneys general are likely to file antitrust lawsuits against Google -- and are well into planning for litigation. The Justice Department is moving toward bringing a case as soon as this...
Apple to Acquire Virtual-Reality Broadcast Company NextVR
Bloomberg: Apple has acquired NextVR, a startup that provides sports and other content for virtual-reality headsets. The acquisition may help Apple’s development of VR and AR headsets with accompanying software and...
Facebook to Buy Animated Image Firm Giphy for Instagram
Axios: Facebook has agreed to buy Giphy, the popular platform of sharable animated images. The total deal value is around $400 million. Giphy is expected to retain its own branding, with its primary integration to come via Facebook's Instagram...