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12:35 PM ET, May 4, 2023

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 Top News: 
Caitlin Huston / The Hollywood Reporter:
Paramount's Bob Bakish says consumers won't notice the writer's strike impact “for a while”, citing unscripted content, a large library, and offshore production  —  The studio says it has a slate of new releases, a large library and offshore production to get through the strike.
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Lucas Manfredi / The Wrap:
Paramount Q1: revenue down 1% YoY to $7.3B and a $1.23B loss; streaming revenue up 39% YoY to $1.5B and a $511M loss; Paramount+ added 4.1M subs for 60M total  —  The media giant slashed its dividend 79% as it posted adjusted earnings per share of 9 cents on revenue of $7.3 billion for the first quarter, missing Wall Street estimates
Michelle Nichols / Reuters:
USAID head Samantha Power announces the launch of Reporters Shield, a program to defend journalists globally from legal threats aimed at silencing voices  —  The United States on Tuesday launched a program to defend journalists around the world from legal threats aimed at silencing critical voices …
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Oliver Holmes / The Guardian:
World Press Freedom Index 2023: 31 countries are in a “very serious situation”, the lowest ranking in the report, as more authoritarians silence the press
Lauren Forristal / TechCrunch:
Hulu plans to roll out PBS, PBS Kids, and Magnolia Network on Hulu Live TV in the coming months  —  Hulu Live TV announced Thursday that it is adding new channels to its library, bringing the total to over 90 channels across live sports, news and entertainment.
Troy Smith / Axios:
Convicting a Murderer, a docuseries hosted by right-wing commentator Candace Owens that rebuts Netflix's Making a Murderer, will premiere on DailyWire+  —  “Convicting a Murderer,” the docuseries from Cleveland's Transition Studios that serves as a rebuttal to Netflix's “Making a Murderer,” has found a home.
Dade Hayes / Deadline:
Twitter announces it is expanding the scope of its partnership with NBCU for the 2024 Summer Olympics; Snap announced a similar initiative with NBCU on May 1  —  Despite all of the upheaval at Twitter under new owner Elon Musk in recent months, the social media firm and NBCUniversal …
Lachlan Cartwright / The Daily Beast:
A judge tosses out Donald Trump's lawsuit against The New York Times and his niece Mary Trump, in which he alleged an “insidious plot” to obtain his tax records  —  Trump sued the paper, along with his niece Mary, alleging an “insidious plot” to grab his tax records and publish them in a Pulitzer-winning report.
Dade Hayes / Deadline:
Sources: NBCUniversal will shutter LX, its news network aimed at viewers ages 18-49, in mid-2023; ~40 affected workers are being considered for other NBCU jobs  —  EXCLUSIVE: NBCUniversal is winding down LX, a 3-year-old network with the stated mission of delivering viewers “the stories you need with more sass and less suits.”
Discussion: The Desk, @deadline and @jakegbennett
Benj Edwards / Ars Technica:
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Joe Flint / Wall Street Journal:
If the Hollywood writers' strike drags on, Netflix, Apple, and HBO will be in a better position than others as they tend to make their content far in advance
 
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 More News: 
JC Reindl / Detroit Free Press:
Detroit Free Press names Nicole Avery Nichols as its new top editor, returning to the outlet after a two-year stint as editor-in-chief of nonprofit Chalkbeat
 Earlier Picks: 
Elizabeth Nelson / Washington Post:
Ed Sheeran losing the nakedly cynical copyright lawsuit over Marvin Gaye's 1973 classic Let's Get It On would have unspeakable ramifications across music