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Tegna Furloughs Local TV Staffs as Managers Take Pay Cuts

Poynter: Tegna CEO Dave Lougee sent an email to employees announcing companywide weeklong furloughs to be taken in the second quarter of this year. "Many businesses have decreased or in some cases pulled their current advertising and marketing...

Belo Cuts Pay at Dallas Morning News to Blunt Virus Impact

Dallas Morning News: The parent company of the Dallas Morning News is responding to a significant loss of advertising during the coronavirus pandemic with cost cuts that include pay reductions of 3% to 17% and the halving of its quarterly...

Gannett Adopts Poison Pill in Move to Preserve Tax Benefits

USA Today: Gannett's board has implemented a plan to ensure that the company maintains access to about $435 million in tax benefits. The company adopted a "poison pill" to block investors from accumulating a large portion of the company without a board blessing....

Conde Nast’s Wintour Reveals Doctor Son Has Coronavirus

Daily Mail: Anna Wintour's doctor son Charlie has contracted coronavirus after working to fight the spread of the illness in a New York ICU. The Vogue editor in chief shared the news in a video posted on the Vogue Instagram account: "He is currently quite...

Hearst, Conde Nast Get a Boost from Covid-19 Panic Buying

New York Post: Magazine publishers got an unexpected boost in newsstand sales last month, thanks to coronavirus panic buying. Conde Nast, Meredith and Hearst say Covid-19 hoarding actually helped with sales as shoppers bought items to shelter in place....

Meredith Plans to Launch Two Magazines During Pandemic

New York Post: Meredith is going ahead with two magazine launches this year. Copies of a new women’s personal finance title called Millie is being mailed this week to subscribers to Real Simple. Meredith is also launching a magazine with Food Network chef Ayesha...

Bauer, Meredith on Edge as US Newsstands Try to Hang On

Folio: As Covid-19 continues to disrupt every corner of the economy, questions about the viability of the newsstand are glaring. "We wouldn’t be surprised if we saw some decline due to foot traffic," said Steven Kotok, CEO of Bauer Media...

Vox Media’s Recode Founder Signs with United Talent Agency

Variety: United Talent Agency has signed author, journalist and Recode co-founder Kara Swisher. The agency will work with Swisher to generate opportunities across digital, publishing, news and broadcast, speaking engagements, film and television, and other...

Group Nine Media Lays Off About 50 Staffers Amid Pandemic

Axios: Group Nine Media, which includes digital brands like The Dodo, NowThis, Thrillist, Seeker and PopSugar, is laying off 7% of its employees. A smaller percentage of staffers will be furloughed. The cuts will impact people who work across most of the company's...

BuzzFeed to Back Away from Operations in Germany, Brazil

@DylanByers: BuzzFeed is jettisoning offices in Germany and Brazil, per an internal memo: "We've begun a search for business partners to take over our brands and operations in both markets. If we aren't able to identify partners, we will unfortunately have to cease...

Patch Media Makes Money in Local News as Rivals Struggle

Axios: Patch, the hyperlocal (and profitable) digital news platform, had its strongest month ever in March for both revenue and traffic, according to president Warren St. John. The digital-only local news platform is an anomaly compared other local news...

Quibi Revamps Messaging in Appeal to Homebound Users

Adweek: Quibi — which was created and has been marketed to on-the-go audiences — has had to revamp its campaign in the home stretch now that those potential subscribers are housebound and no longer on-the-go. "People still have those in-between...



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