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Geffen Takes His Instagram Account Private After Yacht Post

The Wrap: David Geffen shared with his 87,000 Instagram followers his escape to the Grenadines on his reported $590 million yacht to avoid the coronavirus pandemic — posts that created enough backlash among shocked onlookers that he has made his account private. Be a...

Bloomberg Media CEO Touts Performance During Outbreak

Digiday: In March, new subscriptions to Bloomberg Media grew by 86% compared with February, despite hosting most of its coronavirus coverage outside its paywall. The week ending March 20 was its highest week in terms of subscriber acquisition since launching its...

American Media CEO Slashes Staff Pay at Teetering Tabloids

Daily Beast: David Pecker, the CEO of financially troubled American Media Inc., is cutting the payroll of the National Enquirer and at least nine other AMI publications by 23 percent starting April 1. The move could be a harbinger of worse things to come, including...

Meredith Still on Schedule to Unveil New Lifestyle Magazine

Mr Magazine: The new Ayesha Curry magazine is on schedule to launch in late April, despite the pandemic, said Doug Olson, president of Meredith Magazines. "The magazine is printed and ready to go. Ayesha has over 9 million social media followers, so she plans to...

Hearst Magazine New Hires Start Jobs Working from Home

WWD: Cosmopolitan has announced some changes it made to its beauty team before the coronavirus crisis escalated, forcing the magazine's staff to work from home. Among those beginning their new jobs remotely is new beauty director Julee Wilson. Be a real Media Star —...

Benioffs’ Time Magazine CEO Vows No Layoffs for 90 Days

@efelsenthal: "TIME is pledging no layoffs for 90 days. We will also continue to ensure our hourly workers are paid while our offices are closed. Grateful for our immensely dedicated employees and the support of our owner's Marc and Lynne @benioff in our mission...

Gannett, Tribune Shouldn’t Get a Bailout, Columnist Argues

New York Times: "The time is now to make a painful but necessary shift," writes New York Times media columnist Ben Smith. "Abandon most for-profit local newspapers, whose business model no longer works, and move as fast as possible to a national network of nimble new...

Vox Media Sees Coronavirus Stories as Safe for Advertisers

CNBC: Ryan Pauley, chief revenue officer at Vox Media: "There is no brand suitability problem for advertisers being adjacent to this content, in fact quite the opposite. The fact that a high percentage of articles are being flagged as brand unsafe is a misapplication...

Roundup: Digital, Legacy Media Tighten Belts During Crisis

CNN: 2020 was supposed to be a banner year for digital media. BuzzFeed, Group Nine, and Vice each indicated that this year they would be profitable, a long-elusive goal for an industry bedeviled by diminishing ad dollars. But no one could have predicted that a global...

Overview: Media’s Fragile Ecosystem is Under New Pressure

New Yorker: Already, the coronavirus has exposed the fragility of the American health-care system, highlighting its weak points. It will do the same for other systems, including the media ecosystem. The question at this point is how much of it can survive, and how it...

AT&T, Comcast News Channels Oppose Airing Trump ‘Lies’

Daily Beast: Top MSNBC anchors have already argued publicly that their network should not air President Trump's pandemic musings in full. Privately, several staffers at CNN and MSNBC have acknowledged that airing Trump’s pressers live likely amplifies the spread of...

Fox Corp’s News Channel Sets Ratings Record with Trump

The Hill: President Trump's virtual town hall hosted by Fox News on Tuesday set a record as the most-watched town hall in cable news history with an average of 4.4 million viewers. Trump and members of the White House coronavirus task force sat in the Rose Garden...

Quibi Faces New Uncertainty Ahead of Debut in Pandemic

Hollywood Reporter: Even in the best of times, Quibi was a high-stakes gamble. Now, with the coronavirus pandemic, the mobile video platform is about to find out whether the millions of potential users under quarantine are a subscriber-boosting blessing or a...

New York Times Among News Sites Hit by Virus Ad Block

BuzzFeed News: The coronavirus pandemic has inspired an unprecedented surge in news readership. But it hasn't created a concurrent surge in advertising revenue — starving news organizations of the resources they desperately need in a time of...

Group Nine Adds PopSugar Fest to List of Delayed Events

WWD: Around 15,000 attendees were set to gather in New York in June for PopSugar's annual Play/Ground festival. But without a clear end to the coronavirus crisis in sight, the organizers have become the latest in a long line to press the postpone...

Slate Erects Metered Paywall to Diversify Revenue Stream

Nieman Lab: Slate has seen nearly every trend in digital news come and go over its 24 years online, and it was relatively early to membership as well, having launched the successful Slate Plus six years ago. But starting this week, Slate will be "trying something...

Analysis: Newspapers Too Late for Rescue by US Stimulus

New York Post: The reeling US newspaper industry will be eligible to tap a portion of the $2 trillion stimulus package that contains $349 billion earmarked for small businesses. But the potential rescue package comes too late to help dozens of newsrooms that have been...

Opinion: City Magazines to Follow Alt-Weeklies in Closures

Nieman Lab: "All local print and digital media will face some version of pain from the coronavirus. Alt-weeklies were the first canary to feel woozy. Next in line: city magazines. Their ad mix is also high on entertainment. The first fatality I noticed was San Diego...

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