Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

The University of Cincinnati's soccer field. Courtesy: Katie Kapusta/Spectrum News 1 Cincy

With athletic departments reeling from the coronavirus fallout and bracing for a shortened — or even canceled — college football season, schools are taking drastic measures to protect themselves financially.

Driving the news: The University of Cincinnati cut men's soccer yesterday, which will save the school roughly $800,000 per year. The Bearcats have been competing in men's soccer since 1973.

  • It's the second major program to be discontinued since the start of the pandemic (Old Dominion wrestling), and the sad reality is that the cuts may have only just begun.

What they're saying: "I think now that Cincinnati just did it, watch the next month. They cleared the way for other people to do it. Cincinnati puts it on a different level," one FBS athletic director told Yahoo Sports' Pete Thamel.

  • "Athletic directors are using this as a reset," an industry source told Thamel. "Some athletic directors have been talking about cutting sports for three years and just looking for the right time."

The big picture: In a letter sent to NCAA president Mark Emmert and obtained by AP, commissioners of the AAC, Mountain West, MAC, Sun Belt and Conference USA (aka the "Group of Five") asked the NCAA to relax certain requirements for four years to provide "short-term relief."

  • Most notably, they asked for relief from the minimum number of sports a school must sponsor (NCAA rules require D-I schools to sponsor at least 16 varsity sports).

Go deeper: How the sports world is helping on coronavirus

Go deeper

Reddit traders look to pummel Wall Street's old guard

Illustration: Sarah Grillo/Axios

Reddit traders are taking on Wall Street pros at their own game with this basic mantra: Stocks will always go up.

Why it matters: Their trades — egged on in Reddit threads — have played a role in historic market activity in recent days.

The week the Trump show ended

Data: NewsWhip; Chart: Andrew Witherspoon/Axios

Donald Trump was eclipsed in media attention last week by President Biden for the first time since Trump took office, according to viewership data on the internet, on social media and on cable news.

Why it matters: After Trump crowded out nearly every other news figure and topic for five years, momentum of the new administration took hold last week and the former president retreated, partly by choice and partly by being forced off the big platforms.

Pay TV's bleak post-pandemic outlook

Data: eMarketer; Chart: Axios Visuals

The pandemic has taken a huge toll on the Pay-TV industry, and with the near-term future of live sports in question, there are no signs of it getting better in 2021.

Why it matters: The fraught Pay-TV landscape is forcing some smaller, niche cable channels out of business altogether.