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9:10 AM ET, May 18, 2022

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 Top News: 
Brian Steinberg / Variety:
RELATED:
Wall Street Journal:
Disney plans to carry four minutes of commercials per hour on Disney+'s ad-supported tier; Hulu has nearly eight, Peacock has five, and HBO Max will have four  —  Total ad load to be limited to four minutes an hour; preschool children won't see any ads  —  Walt Disney Co. DIS 2.69%▲ …
Nellie Andreeva / Deadline:
Netflix cuts 150 jobs out of 11K across departments in a new round of layoffs, mostly in the US, as the company reins in costs amid slowing revenue growth  —  EXCLUSIVE: Layoffs are underway at Netflix today.  About 150 positions out of the streamer's workforce of 11,000 are being eliminated amid …
Nicholas Confessore / New York Times:
Senator Chuck Schumer urges Rupert Murdoch to stop amplifying “replacement theory” on Fox News; Lachlan Murdoch said Tucker Carlson “decried” the theory in 2021  —  Senator Chuck Schumer, Democrat of New York and the majority leader, urged Fox News owner Rupert Murdoch …
J. Clara Chan / Hollywood Reporter:
An interview with Audible's Rachel Ghiazza and Zola Mashariki, who lead its original content business, on eyeing the long game with top Hollywood talent  —  The subscription platform, now powered by Amazon, is bolstering stars' production shingles and boasts a greater degree of creative freedom …
Discussion: @nwquah and @jclarachan
Jill Goldsmith / Deadline:
Filing: in Q1 2022, Berkshire Hathaway bought a $2.6B Paramount stake and boosted its Activision Blizzard and Apple positions; Paramount stock closes up 15.35%  —  UPDATED with closing price: Shares of Paramount Global shot up more than 15% to close at $32.32 Tuesday after Berkshire Hathaway …
Joshua Benton / Nieman Lab:
An analysis of nine US local TV stations' top Facebook posts: 9.9% had a video, community stories were popular, sports posts performed below average, and more  —  In a typical American city, the local daily newspaper is the outlet producing the most news day after day.
Sara Fischer / Axios:
Kevin Mayer's and Tom Staggs' Candle Media acquires ATTN:, a profitable digital content publisher focused on social change content, sources say for ~$150M  —  It gives Candle access to a brand that has expertise in reaching a younger, socially-active audience.
Murray Stassen / Music Business Worldwide:
LimeWire, the music sharing service that relaunched as an NFT music marketplace, strikes a deal to launch NFT projects with Universal Music Group's artists  —  LimeWire, a former file-sharing platform recently relaunched as a digital collectibles marketplace, has struck its first major label partnership …
Naman Ramachandran / Variety:
India announces a 30% reimbursement scheme for international productions shooting in India, capped at $260K  —  At the Cannes Film Market on Wednesday, Information and Broadcasting Minister Anurag Thakur revealed a 30% reimbursement scheme for international productions shooting in India.
Discussion: @rafat and Variety
 
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 More News: 
Dave Boucher / Detroit Free Press:
Michigan enacts laws requiring newspapers to post public notices online in a manner that is free for everyone; local governments must pay for notices in print
 Earlier Picks: 
Alexander Lee / Digiday:
Current and former staff detail how Enthusiast Gaming laid off 11 of 26 full-time staff from esports news site Upcomer in March 2022 after acquiring it in 2020
Ezra Marcus / New York Times:
An in-depth look at OnlyFans agencies, which manage hundreds of models' accounts and use teams of ghostwriters to privately message subscribers who pay to chat
Bill Curry / Globe and Mail:
Google says Canada's proposed Online News Act amounts to a “link tax” that would “break” its search engine; Google made similar claims against Australia's bill
Hanaa' Tameez / Nieman Lab:
Two fact-checking organizations, Argentina's Chequeado and Spain's Maldita.es, launch Factchequeado to address misinformation in Spanish-speaking US communities
New York Times:
Paradise Media sells literary magazine The Believer to its original owner McSweeney's at a “meaningful” loss, after a fan backlash over clickbait content