Ziff Davis’s Mashable Wins Lawsuit Over Instagram Images
Hollywood Reporter: If an individual posts an image on social media, does that give someone else the right to use it in a different forum? Most lawyers would likely answer, "Not so fast," and yet a new ruling from New York federal court suggests...
New York Times Ends ‘Clickbait’ Lawsuit with Story Tweak
TheHill: A Harvard law professor who sued the New York Times for defamation earlier this year has decided to drop the case after the paper altered a 2019 story about his defense of a university official who took donations from Jeffrey...
Los Angeles Times Furloughs After Ads ‘Nearly Eliminated’
MediaPost: The Los Angeles Times’s advertising revenue has “nearly been eliminated,” according to an internal memo from Chris Argentieri, president-COO of the California Times newspaper group. “Certain employees” will be...
Valence Media’s Cuts Slam Hollywood Reporter, Billboard
New York Post: Hollywood entertainment company Valence is slashing more than a third of the newsrooms jobs at its Hollywood Reporter and Billboard publications. The publications will see 35 percent of their newsrooms...
Fortune Magazine Drops 35 Staffers, Cuts CEO Pay in Half
Talking Biz News: Fortune magazine said Tuesday that it made the “painful but necessary” decision to cut 35 staffers, and its CEO Alan Murray will take a 50 percent pay cut. The moves are related to the current coronavirus pandemic’s...
BuzzFeed Looks to Sell German Business in Global Retreat
Digiday: BuzzFeed is quitting the German market after six years, signaling a retreat from its global expansion. BuzzFeed has already stopped operating in two other major European markets, Spain and France. It still has operations in the...
Axios, BuzzFeed Investor Offers Advice for Media Survival
Business Insider: Investors are telling all startups to cut costs enough to get through the next 12 to 18 months, when it's believed business will return to normal. "We're going through a period that's unprecedented," said Eric Hippeau of Lerer Hippeau...
Netflix Ascends as Investors Turn to Stay-at-Home Stocks
CNBC: Shares of Netflix surged 7% to reach a 52-week high of $400.51 per share Monday, before closing at $396.72 per share. Netflix stock is up more than 22% year to date, while the broader S&P 500 is down 14.26% year to date and 25% off of its...
Comcast Touts $20 ‘Trolls’ as Record Digital Movie Debut
Los Angeles Times: Universal Pictures on Monday said “Trolls World Tour” was the biggest digital debut ever for an original title. But what that might mean for the future of moviegoing is murky. The studio declined to disclose actual sales...
Disney Seeks Pay Cuts for 100 On-Air Personnel at ESPN
Sports Business Daily: ESPN has asked its 100 most highly paid commentators to take voluntary 15% pay cuts over the next three months, as the network deals with the financial implications from the sports world shutting down due to the...
Fox Corp Entertainment, News Talents in Clash Over Virus
Los Angeles Times: The political divide between Hollywood and Fox News flared up again Monday when Seth MacFarlane, the creator of the hit Fox Network animated series “Family Guy,” clashed with Fox News anchor Laura...
AT&T-Owned CNN Trashed by Own Anchor in Virus Rant
New York Post: Chris Cuomo’s coronavirus-induced fever may have subsided but the CNN anchor was red hot on Monday. The longtime cable host had a mini-existential crisis on his SiriusXM show, lashing out at his lucrative primetime...
Disney ABC News Anchor Reveals Coronavirus Diagnosis
Associated Press: “Good Morning America” host George Stephanopoulos revealed Monday that he’s tested positive for the coronavirus, but has been relatively symptom-free. The ABC newsman revealed his diagnosis saying, “I feel...
Dish Network Cuts Jobs, Reevaluates in Pandemic Fallout
Reuters: Dish Network said it has cut staff and is re-evaluating its business to cope better with the fallout from the coronavirus pandemic, without disclosing the number of employees laid off. "The pandemic has forced us to take a closer...
Comcast Lines Up More Sponsors for Launch of Peacock
Adweek: NBCUniversal has lined up five more advertisers as launch sponsors for its new streaming service Peacock, bringing the total number of partners to 10 ahead of Wednesday's soft launch for Comcast Xfinity Flex and X1...
Discovery Rolls Out Digital Offering of ‘Family Favorites’
World Screen: Discovery has launched the Family Favorites initiative, which offers additional content across its portfolio of 13 TV-everywhere streaming apps and sites to entertain families as they spend more time together at home amid the...
Lionsgate Plans ‘Lionsgate Live!’ for Stream on YouTube
Deadline: Lionsgate, in conjunction with Fandango, YouTube and NATO, is launching "Lionsgate Live! A Night at the Movies," a four-consecutive Friday night live-stream of movies which kicks off on April 17 with "The Hunger...
Google’s YouTube Sees Big Jump in Users Seeking News
Bloomberg: News viewership on YouTube soared 75% in recent weeks from the same time last year, with millions of people turning to the video site for updates on the coronavirus. YouTube has had a significant traffic surge since the pandemic took...
Quibi to Let Viewers Watch on TV Sets After Getting Gripes
Bloomberg: Quibi's shows are currently only available on mobile phones and tablets. With viewers quarantined at home because of the coronavirus pandemic, many users complained about being limited to small...
Publicis Warns of Unprecedented Pullback in Ad Spending
Wall Street Journal: The head of one of the world’s largest ad-agency conglomerates warned the industry is facing a far more severe pullback in advertising spending than the one that buffeted Madison Avenue in the wake of the financial...
Scripps CEO, Execs Take a Pay Cut to Help Out Employees
Cincinnati Business Courier: E.W. Scripps's CEO and top leaders are taking voluntary pay and fee cuts so the company can direct that money to a fund aimed at helping employees dealing with the coronavirus pandemic. The cuts total nearly...
Conde Nast Eyes Global Layoffs, Pay Cuts for Top Earners
New York Times: Conde Nast, the most glittering of all magazine publishers, is the latest media casualty of the pandemic. CEO Roger Lynch sent a memo on Monday to 6,000 employees around the world to inform them of an austerity...
News Corp Expects a Hit to Ad Revenue from Coronavirus
Reuters: Rupert Murdoch’s News Corp. said on Monday its newspaper advertising revenue would take a hit from widespread business closures caused by the coronavirus outbreak, although paid digital subscriptions for the Wall Street Journal are...
Axel Springer’s Insider CEO Forecasts Shakeout in Media
Talking Biz News: Henry Blodget, CEO of Insider: "About three or four years ago we reached a point where we had too many [digital media] companies all competing and that began this big shakeout phase. And what's happening now will accelerate...
BuzzFeed Among Media Seeing a Decline in Job Postings
Thinknum Media: BuzzFeed's job listings rose 93% from last Christmas to mid-March, up from 45 to 87. In just a month, the number of openings has plummeted to 7. Legacy publications and news outlets are facing hiring cuts as...
Vox Media Plans to Unveil About 100 Employee Furloughs
CNBC: Vox Media, the digital media company that owns brands including SBNation, New York Media and The Verge is preparing to announce a furlough of about 100 employees later this week. Vox is negotiating details with the Writers Guild of America,...
Penske’s Rolling Stone Showcases Cuomo on New Cover
WABC: New York Gov. Andrew Cuomo has emerged as a leader during the coronavirus pandemic, not just for New Yorkers but for the American public, too. Now, he will grace the cover of Rolling Stone...
News Corp: New York Post Photog Dies from Coronavirus
New York Post: Anthony Causi, a longtime photographer for the New York Post whose prolific talent and larger-than-life personality made him a beloved and respected figure throughout the New York sports world, died Sunday from the...
Media Giants to Survive (But Not Thrive) During Pandemic
Barron's: "This is sort of the perfect storm for traditional media," says media analyst Rich Greenfield. "Basically everything that could go wrong has gone wrong all at once. I think anything in the traditional media universe is tough to own right...
Disney Former CEO Reasserts Control to Remake Conglom
New York Times: Bob Iger has effectively returned to running Disney. After a few weeks of letting Bob Chapek take charge, Iger reasserted control, focused on remaking a company that will emerge, he believes, deeply changed by the coronavirus...