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LA Times Takes Out $10 Million PPP Loan

“The money will be used almost exclusively for employee-related costs, including payroll and employee benefits,” said Chris Argentieri, president and COO of the California Times, the newspaper’s parent company.

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Like plenty of media outlets worldwide, the Los Angeles Times has been hit hard due to the coronavirus pandemic. Advertisement revenue decreased in the last year, and so the Times received a $10 million Paycheck Protection Program (PPP) loan to fill the gap for the lack of ad revenue.

After advertisers pulled their advertising last year, it dealt a financial blow to the newspaper. The Hillreports that Times will use the money from this loan to cover employee payroll and benefits.

“The money will be used almost exclusively for employee-related costs, including payroll and employee benefits,” said Chris Argentieri, president and COO of the California Times, the newspaper’s parent company.

“We lost tens of millions of dollars in advertising revenue pretty much instantly in March 2020, and the pandemic continues to take a toll on the public health and take a toll economically. We are still operating with great uncertainty.”

Last month, a Wall Street Journal report stated that Patrick Soon-Shiong, the Times owner, considered selling The Times and the San Diego Union-Tribune. However, Soon-Shiong denied the report.

News Print & Digital

Neil Young Wants Out of Spotify due to Joe Rogan Misinformation

Young wrote a letter to Rolling Stone wanting his music off Spotify, which carries “The Joe Rogan Experience” podcast.

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Over the past few weeks, Joe Rogan has made headlines regarding episodes discussing the Covid-19 pandemic. 

As a result, musician Neil Young wrote a letter to Rolling Stone wanting his music off Spotify, which carries “The Joe Rogan Experience” podcast.

Young instructed his manager, Frank Gironda, and the chief operating officer of his record label, Warner Bros. Tom Corson, immediately pull his music off the streaming service.

“I am doing this because Spotify is spreading fake information about vaccines – potentially causing death to those who believe the disinformation being spread by them,” Young wrote. “Please act on this immediately today and keep me informed of the time schedule.”

“I want you to let Spotify know immediately TODAY that I want all my music off their platform. They can have [Joe] Rogan or Young. Not both.”

Recently, YouTube took down a video where Rogan talked with Dr. Robert Malone; also, those in the scientific community signed a petition to have Spotify put a misinformation label on Rogan’s podcast. 

Spotify hasn’t replied to Young’s letter. Rogan has not yet commented either.

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News Print & Digital

CBS News Rebrands Streaming Service, Reveals New Content

Co-presidents of CBS News and Stations Neeraj Khemlani and Wendy McMahon announced the rebranded service, which helps the company with its direct-to-consumer streaming network to bring together national and local live news.

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CBS News and Stations revealed its reimagined and rebranded streaming news service.

CBS News Streaming Network delivers live national streams, 13 local streams, and content from programs like “60 Minutes,” “CBS This Morning,” “CBS Evening News,” etc.

The new platform will showcase CBS News’ original reporting, featuring the network’s well-known anchors and journalists, new primetime shows, and most of the content taking place in their new CBS Broadcast Center in New York.

Co-presidents of CBS News and Stations Neeraj Khemlani and Wendy McMahon announced the rebranded service, which helps the company with its direct-to-consumer streaming network to bring together national and local live news.

“We’re unlocking the power of CBS News – streaming the best of our reporting and storytelling on television to viewers everywhere,” Khemlani said.

“From up-to-the-minute reporting from our new live news desk, signature interviews by Gayle King and Norah O’Donnell, adventures on CBS SUNDAY MORNING and 60 MINUTES, true crime on 48 HOURS – and reporting out of Washington to Kyiv to Beijing – we’re delivering a 24/7 experience with quality journalism from the best news brands in the business.”

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Jake Tapper to Host Weekly Show on CNN+

Each week, viewers will understand the stories behind bestselling and critically lauded books and add more to their reading checklists along the way.

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As the launch day for CNN+ nears, the network continues to add programming for its streaming platform. Over recent weeks various anchors and newcomers have been announced they’ll be hosting shows, the latest being anchor Jake Tapper.

CNN announced that Tapper will host a new weekly show, “Jake Tapper’s Book Club,” where viewers can go in-depth with Tapper as he interviews a diverse set of newsmaking authors and a couple of his favorite writers. 

“My lifelong love of books is no secret, and I am grateful for the opportunity to sit down with some of my all-time favorite authors on CNN+,” Tapper said. 

“This show is designed for book lovers, and I am hopeful that by highlighting authors from all walks of life, we can illuminate the magic in the stories they tell for audiences everywhere.”  

Each week, viewers will understand the stories behind bestselling and critically lauded books and add more to their reading checklists along the way.  

Tapper’s latest show on CNN+ goes with anchoring a two-hour weekday program, “The Lead with Jake Tapper,” and co-anchors CNN’s Sunday morning show, “State of the Union.”

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