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Michael Cohen, the former lawyer for President Trump, leaves his apartment to begin serving a three-year sentence at a federal prison in New York. Photo: Anadolu Agency/Getty images

President Trump's former personal lawyer — and longtime fixer — Michael Cohen will be released from prison to serve the remainder of his three-year sentence in home confinement due to coronavirus concerns, CNN first reported and Cohen's lawyer Lanny Davis confirmed to Axios.

Flashback: Cohen pleaded guilty in 2018 to multiple financial crimes, lying to Congress and campaign finance violations.

  • He has been serving his sentence at the federal prison camp in Otisville, New York, where 14 inmates and seven staff members have tested positive for COVID-19, per CNN.

Between the lines: Cohen's pending release comes as the Justice Department's inspector general is assessing federal prisons to determine whether the coronavirus is being properly mitigated.

  • The Bureau of Prisons has culled its prison populations by releasing nonviolent and medically susceptible inmates to home confinement in response to the pandemic. Several state-run jails have released prisoners to fight the spread of the virus.

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.