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1:05 PM ET, May 4, 2023

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 Top News: 
Tim Baysinger / Axios:
Bob Bakish says Paramount is restarting the sales process for Simon & Schuster, after US regulators blocked a 2022 attempt to sell to Penguin Random House  —  - Tim Baysinger, author of Axios Pro: Media Deals  —  Paramount Global has restarted the sale process for book publisher Simon & Schuster …
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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.
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
Ross A. Lincoln / The Wrap:
In a show of solidarity, the WGA was joined by members of the DGA, SAG-AFTRA, IATSE, Teamsters, and six other guilds at a Los Angeles rally  —  Participants included SAG, DGA, IATSE, the Teamsters, and more  —  In a massive show of solidarity, on day 2 of the ongoing Writers' strike …
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Benj Edwards / Ars Technica:
Striking WGA writers have two main worries about AI: their work being used as training data and being tasked with just fixing AI-generated “sloppy first drafts”
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
Jemima Kelly / Financial Times:
Twitter's Community Notes is changing fact-checking by avoiding the term and using a crowdsourced consensus, a model for a fairer and more transparent approach  —  The strength of the platform's Community Notes feature is that it works through consensus  —  I think I might have let out an audible groan …
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.
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
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 …
 
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 More News: 
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
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