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7:20 AM ET, May 5, 2024

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 Top News: 
Yun Li / CNBC:
Warren Buffett says Berkshire sold its entire Paramount stake and “lost quite a bit of money”; Berkshire owned 63.3M shares of Paramount as of the end of 2023  —  WATCH NOW  —  Warren Buffett says Berkshire sold its entire Paramount stake and ‘lost quite a bit of money’
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Todd Spangler / Variety:
Sources: the expectation at Paramount Global is that neither of the two offers in play, Skydance-RedBird and Sony Pictures-Apollo, will come to fruition  —  After months of M&A talks, Paramount Global and controlling shareholder Shari Redstone might be going it alone after all.
New York Times:
Sources: Sony Pictures and Apollo Global formally express interest in acquiring Paramount for ~$26B; Paramount's negotiating period with Skydance ends May 3
Tom McArthur / BBC:
RSF publishes its World Press Freedom Index and places Norway, Denmark, and Sweden in the top three, the US down 10 spots at 55, and Eritrea in last place  —  Gaza is one of the deadliest places in the world to be a journalist, according to Reporters Without Borders
RELATED:
Alex Kantrowitz / Big Technology:
Elon Musk says he wants Grok to create news summaries by relying solely on X posts, without looking at article text, and improved story citations are coming  —  Musk emails with details on AI-powered news inside X. An AI bot will summarize news and commentary, sometimes looking through tens of thousands of posts per story.
RELATED:
Kayleigh Barber / Digiday:
Some publishers plan to keep testing Google's Privacy Sandbox but won't allocate further resources to it, as Google delays cookie deprecation from Chrome again  —  Publishers could see the writing on the wall when it came to Google's announcement that it was delaying cookie deprecation from Chrome yet again.
Nikkei Asia:
Sources: Chinese-owned media stopped submissions to Asia's highest-profile journalism prize SOPA due to Chinese government pressure to avoid foreign “collusion”  —  Outlets stop SOPA submissions under pressure to avoid foreign ‘collusion’  —  Nationalists have attacked Chinese media …
Wendy Lee / Los Angeles Times:
How the AI-generated music video for Washed Out's The Hardest Part was created entirely using OpenAI's Sora, a first from a major record label  —  “The Hardest Part,” a new song from indie pop artist Washed Out, is all about love lost, among the most human of themes.
Barry Schwartz / Search Engine Roundtable:
Google updates its ad policy to ban the promotion of services that generate, distribute, or store synthetic sexually explicit content, starting May 30, 2024  —  Google Ads, Shopping Ads, Admob, and other Google Ads products will soon disallow deepfake sexual content, synthetic sexually explicit content …
 
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 More News: 
Christina A. Cassidy / Associated Press:
In a letter, several Democrats serving as their state's top election officials ask Meta to repeal a policy allowing ads that claim the 2020 election was stolen
 Earlier Picks: 
Charlotte Klein / Vanity Fair:
For weeks, grad students at The Columbia Journalism School have chronicled protests, and professors worked to ensure access and safety as the campus locked down
Jill Goldsmith / Deadline:
A look at 2023 media CEO pay amid industry contraction: Charter CEO Chris Winfrey, $89M; Endeavor CEO Ari Emanuel, $84M; WBD CEO David Zaslav, $49.7M; and more
Andrew Marchand / The Athletic:
Sources: MLB is in advanced talks to make Roku the new home for Sunday morning baseball this season, in what would be Roku's first major live rights deal
 

 
From Techmeme:

Mishaal Rahman / Android Authority:
Source: Google has canceled the development of a second-generation Pixel Tablet, planned for release in 2025, due to concerns that it wouldn't sell very well

Mark Gurman / Bloomberg:
Sources: Apple is testing a more conversational version of Siri, dubbed “LLM Siri”, with plans to release it in spring 2026 as part of iOS 19 and macOS 16

Hannah Lang / Reuters:
Sources: a16z, Ripple, Kraken, and Circle are jostling for a seat on Trump's promised crypto advisory council, which is expected to set up a bitcoin reserve

 
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