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New York Governor Issues Statewide Stay-At-Home Order For All Non-Essential Workers

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New York Gov. Andrew Cuomo used his now-daily televised morning replace to difficulty a statewide mandate that every one non-essential staff within the state should keep house because the coronavirus continues to unfold within the state. “16 days in the past we had been at zero [cases in New York] — right this moment we’re at 2,900,” he stated. “These numbers are why we’re taking this motion.”

The “New York state on pause” directive follows the same mandate laid down for California Gov, Gavin Newsom on Thursday evening.

“We all know from previous historical past that what a locality does issues,” Cuomo stated right this moment. “Simply so we’re all clear: This can be a statewide order. It’s not what your county government is doing, It’s not what your mayor is doing, it’s not what anybody else however me is doing, and I settle for full accountability.”

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Broadcaster Tegna Says Sale Talks Are Stalled With Two Remaining Bidders

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Broadcaster Tenga broke its silence a few swirl of suitors, acknowedging it acquired 4 unsolicited affords however saying it’s not presently in talks after two bidders withdrew and the method is stalled with the opposite two.

Tegna didn’t title the events. However smaller Grey Tv made a cash-and-stock supply supply that it withdrew. The opposite three affords got here from non-public Fairness agency Apllo, Bryon Allen’s Allen Media Group and The Najafi Corporations and Trinity Broadcasting Community in a joint bid. All three had been mentioned to be $20 a share in money, or $8.5 billion.

Tegna mentioned that of the 4, it engaged “considerably with two and supplied them with in depth personal due diligence data. Each made their proposals shortly earlier than the latest market dislocation because of the COVID-19 pandemic and each subsequently knowledgeable Tegna that they had been ceasing discussions.” It mentioned the opposite two events haven’t signed confidentiality agreements to allow due diligence – an in-depth look an organization’s funds and operations – and haven’t delivered any data on financing sources.

“The Tegna’s Board and administration have meaningfully engaged with third events to discover alternatives to create worth,” mentioned Tegna’s chairman Howard Elias in a press release Sunday. “The Board has been, and stays, prepared to think about transactions that create compelling worth, and our focus now could be on serving to administration navigate by an unprecedented setting.”

Added Dave Lougee, president and CEO, mentioned, “Like each different firm, TEGNA is working in uncharted waters resulting from COVID-19 as we give attention to guaranteeing the well being and security of our workers whereas persevering with to create and protect worth. Excessive-quality native information has by no means been extra necessary, and we’re lucky to have important contractual subscription revenues and a robust stability sheet with minimal near-term debt maturities. We’re working by the present challenges raised by COVID-19 and are very assured that our long-term progress drivers stay intact.”

The corporate’s assertion got here as a significant shareholder makes an attempt to put in 5 new administrators on the Tegna’s 12-member board. Funding agency Normal Basic, which holds a 9.7% stake of the corporate, proposed the alternate slate to shareholders for a vote in a proxy assertion it filed with the SEC final week forward of Tegna’s annual assembly on April 30.

In response to Tegna’s newest assertion, Normal Basic’s founding companion Soohyng Kim mentioned, “We perceive that TEGNA’s course of has stalled as a result of, amid a world emergency and capital markets dislocation, this Board has created arbitrary deadlines and pointless preconditions. By their very own admission, the corporate has been unwilling to offer entry to data except suitors first display certainty of financing. This strategy can be off market in any deal setting, and notably so below present market circumstances. The Board’s actions seem designed to finish this course of earlier than it will probably even start in earnest.”

Normal Basic has previously cited “a unbroken sample of passivity by the TEGNA Board within the face of persistent operational and shareholder returns underperformance, a questionable M&A technique, accompanied by inconsistent disclosures concerning monetary metrics and multiples paid, extreme leverage and the rebuff of an acquisition proposal at a premium valuation from a reputable purchaser.” Normal Basic mentioned it tried to debate placing Kim on the board of Tegna however was rebuffed.

Tegna has responded that in conferences with Normal Basic’s Soohyng Kim, “Mr. Kim demanded a board seat for himself, however supplied no concrete concepts to create shareholder worth.” It has mentioned, “Tegna’s board totally evaluated Mr. Kim as a possible director and has severe considerations about Mr. Kim’s prior board service. Many who know him nicely commented on his observe file of endorsing and executing company actions in favor of his personal pursuits to the detriment of different shareholders, in addition to a dismissive perspective towards the views of different administrators.” Tegna additionally mentioned it “can also be involved that Mr. Kim’s important investments in and affect over different broadcasting firms would create a battle of curiosity as a Tegna director.”

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Facebook To Invest $100M In News Outlets During Coronavirus Crisis

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Fb says it’s investing $100M to assist information reporting through the coronavirus pandemic.

The social media large is placing up a $25M emergency aid fund for native information by way of its Fb Journalism Undertaking, and is putting an extra $75M in extra advertising and marketing spend with information organizations around the globe.

Campbell Brown, the corporate’s VP World Information Partnerships, introduced the information in a web based publish.

“Via the COVID-19 Neighborhood Community grant program, direct funding helps journalists cowl essential tales after we all want them most,” she wrote. “We’re constructing on this work and can direct a portion of those funds to publishers most in want within the hardest hit international locations.”

The primary spherical of grants will go to 50 native newsrooms throughout the U.S. and Canada.

“Native information organizations, particularly hyper-local information organizations together with these serving black and different underserved communities, have skilled challenges with the sustainability and distribution of stories and data within the present media atmosphere. COVID-19 has exacerbated an already current disaster and our jobs have simply gotten harder. With such a large infusion from Fb, native information organizations throughout the nation will profit as will our readers, our viewers and our listeners,” mentioned Janis Ware, writer of The Atlanta Voice, which is benefiting from a grant.

“If individuals wanted extra proof that native journalism is an important public service, they’re getting it now. And whereas nearly all companies are dealing with opposed monetary results from this disaster, we acknowledge we’re in a extra privileged place than most, and we need to assist,” the Fb publish learn.

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Alan Merrill Dies Of Coronavirus: ‘I Love Rock ‘N’ Roll’ Songwriter Was 69

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Musician Alan Merrill died in New York died Sunday on account of issues with the coronavirus. His daughter Laura Merrill confirmed the information on Fb. He was 69.

“The Coronavirus took my father this morning,” stated Laura Merrill in her Fb submit. “I used to be given 2 minutes to say my goodbyes earlier than I used to be rushed out. He appeared peaceable and as I left there was nonetheless a glimmer of hope that he wouldn’t be a ticker on the appropriate hand facet of the CNN/Fox information display screen.”

Born within the Bronx in New York Metropolis, Merrill was a member of the band The Arrows together with drummer Paul Varley and guitarist Jake Hooker. Whereas within the band, he wrote the music “I Love Rock ‘n’ Roll” which the band launched in 1975. The music would later change into a chart topper for Joan Jett & The Blackhearts in 1982.

Musician Joan Jett additionally took to social media to precise her condolences. “I’ve simply discovered of the terrible information that Alan Merrill has handed,” Jett wrote on Twitter. “My ideas and love go to his household, pals and music group as an entire. I can nonetheless keep in mind watching the Arrows on TV in London and being blown away by the music that screamed hit to me. With deep gratitude and disappointment, wishing him a protected journey to the opposite facet.”

As well as, Merrill teamed with musician Grammy Award-winning producer Rick Derringer for 3 albums and in 1983, recorded a self-titled solo album.

He teamed with Meat Loaf on many tasks and was provided a task on the HBO collection Encyclopedia Brown as Casey Sparkz in 1989. He continued to launch albums within the late ‘90s and thru the ‘00s and hosted the tv collection, Throughout the Pond for the MyJam Music Community.

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