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11:50 AM ET, May 7, 2016

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 Top News: 
Fortune:
Insiders talk about the decline of Sumner Redstone and how the competence trial could impact the future of CBS and Viacom  —  The Disturbing Decline of Sumner Redstone (Part 1 of 3)  —  With a trial about to begin, lurid and alarming details of the billionaire's condition and the scheming around him continue to emerge.
RELATED:
New York Times:
Deposition of Sumner M. Redstone  —  A transcript of videotaped testimony of Mr. Redstone, taken Thursday at his Los Angeles mansion.  The document includes some vulgar language.
Joe Flint / Wall Street Journal:
In videotaped deposition, Sumner Redstone denigrates former housemate and says he wants his daughter, Shari Redstone, to be his health-care agent  —  Videotaped Deposition of Sumner Redstone Airs in Competency Case  —  With help of interpreter, media mogul says he wants former companion who brought suit out of his life
Emily Steel / New York Times:
Competency trial begins Friday for Sumner Redstone, with implications for his media empire of Viacom, CBS, and more
Sarah Perez / TechCrunch:
Apple Music's new student membership option discounts the service by 50%  —  Amid news that Apple Music is getting a makeover come this summer, Apple today launched a new plan to boost subscribers to its streaming music service and competitor to Spotify, SoundCloud, Tidal and others.
Stephanie Grimes:
Las Vegas Review Journal fires Features Editor Stephanie Grimes, who had live tweeted an early staff meeting after Adelson sale  —  Why I'm out at the Las Vegas Review-Journal … In the five months since the Las Vegas Review-Journal was sold to the family of Sheldon Adelson for an obscene amount of money …
Deepa Seetharaman / Wall Street Journal:
LinkedIn Buys Run Hop, Seeks to Make Feeds More Engaging  —  Run Hop co-founders find new roles with LinkedIn  —  LinkedIn Corp. snapped up Run Hop Inc., a small startup specializing in online content distribution, to accelerate its efforts to make users' feeds more engaging.
Peter Kafka / Re/code:
Warner's Q1 music streaming sales up $72M, making it the biggest source of revenue, more than 50% from outside US; downloads down $17M, physical copies down $6M  —  Streaming music has become Warner Music's biggest business  —  Another milestone in the music industry's shift to streaming …
RELATED:
Reuters:
Assailant tries to shoot prominent Turkish journalist outside court
Stuart Dredge / Guardian:
Inside YouTube's NextUp program, which aims to grow the next generation of video stars  —  Inside the bootcamps where YouTube grows its next generation of stars  —  What is it like to be a NextUp contest winner, one of 16 hopefuls chosen as emerging stars by YouTube and trained to be the next PewDiePie or Zoella
Cynthia Littleton / Variety:
Gannett Slams Tribune Publishing Chairman Michael Ferro; Oaktree Pushes for Merger Talks … Gannett Co. has taken aim at Tribune Publishing chairman Michael Ferro in its latest salvo in the acquisition fight that began last month.  Meanwhile, Tribune Publishing shareholder Oaktree Capital …
Christine Hauser / New York Times:
North Korea invited journalists to cover first Workers Party congress in 36 years, then barred them from the event  —  Dateline North Korea, but Still Reporting From a Distance  —  Journalists from around the world were invited to North Korea to cover the ruling party's first congress in 36 years on Friday.
Todd Spangler / Variety:
Vice's Shane Smith promises 20 TV channels in Europe and Asia and six new digital channels this year: health, gaming, travel, LGBTQ, money, sustainability  —  Vice to Launch 6 New Vertical Sites, 20 TV Channels Worldwide This Year  —  Shane Smith was lying flat on his back at the start of Vice's Digital Content NewFront presentation.
 
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Alex Spence / Politico:
News Corp faces continuing ad revenue slump and circulation revenue decline at UK's Sun, Times, and Sunday Times
Joseph Lichterman / Nieman Lab:
With new columns and newsletters, ProPublica is trying to attract new readers and have more fun
James Pinkstone / Vellum:
Composer claims Apple deleted 122GB of music from his laptop and replaced some songs with more widely available versions after he subscribed to Apple Music
 

 
From Techmeme:

Thomas Gryta / Wall Street Journal:
The US awards Intel up to $7.865B under the CHIPS Act to help build or expand chip plants in Arizona, New Mexico, Ohio, and Oregon, including $1B+ later in 2024

Foo Yun Chee / Reuters:
Google proposes Search tweaks in the EU to comply with the DMA, including removing the map showing hotel locations and results in Germany, Belgium, and Estonia

New York Times:
Huawei unveils the $760+ Mate 70 series, powered by its HarmonyOS Next, calling the flagship the “smartest” Mate phone, as it continues to face US chip curbs
 
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