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8:55 AM ET, February 7, 2025

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 Top News: 
Axios:
Email: the White House orders the GSA to terminate “every single media contract” expensed by the agency and all contracts for Politico, BBC, E&E, and Bloomberg  —  - The discovery, made through a U.S. government spending database that has long been publicly available …
RELATED:
Politico:
Politico's EIC and CEO say the company has never received any government funding, and agencies that subscribe to Politico Pro do so through standard processes  —  POLITICO has been the subject of debate on X this week.  Some of it has been misinformed, and some of it has been flat-out false.
Isabella Kwai / New York Times:
Trump amplifies a conspiracy theory that “billions” in USAID and other agencies' funds were stolen to pay Politico and others for positive coverage of Democrats  —  President Trump spread unfounded claims that the government had paid Politico and other news media outlets for positive coverage of Democrats.
Todd Spangler / Variety:
Amazon reports Q4 ad revenue up 18% YoY to $17.29B, vs. $17.4B est., and subscription services revenue up 10% YoY to $11.51B  —  Overall earnings for the period smashed Wall Street expectations.  —  However, the Q4 ad revenue figure fell short of analyst expectations of $17.4 billion, per StreetAccount.
Editor and Publisher:
The CPB awards a $1M grant to Harvest Public Media, a journalism collaboration led by Kansas City's KCUR to cover agricultural and rural issues  —  Journalism collaboration led by KCUR covers agricultural and rural issues  —  The Corporation for Public Broadcasting (CPB) …
Ben Beaumont-Thomas / The Guardian:
Netflix will not release a nine-hour documentary about Prince after the company and the artist's estate came to a “mutual agreement”  —  Nine-hour film will not be seen, after ‘mutual agreement’ between estate and Netflix, with estate announcing plans for its own film
Matthew Kassel / Jewish Insider:
Sources: CNN's contract to expand in Qatar includes Qatar compensating CNN several million dollars a year; CNN: editorial content is “entirely independent”  —  The financial arrangement raises concerns about the network's ability to report freely on the Gulf state and the region
David Folkenflik / NPR:
A look at Trump's assault on CBS, and more broadly, how he and allies seek to pressure the media to punish it and to inhibit its ability to check the president  —  The television news magazine 60 Minutes — the most storied and profitable show in the history of CBS News …
RELATED:
Brian Steinberg / Variety:
Trump calls on CBS to “terminate” 60 Minutes, and says “CBS should lose its license”, amid his $10B lawsuit against CBS over the Kamala Harris interview
Christopher Palmeri / Bloomberg:
A California state court issues a temporary restraining order stopping Sony from taking Jeopardy! and Wheel of Fortune distribution rights away from CBS  —  “The court's order has no bearing on, and is not indicative of, the eventual outcome of the ongoing litigation,” Sony said Thursday in a statement …
Financial Times:
Leaders in Russia, Hungary, and more applaud USAID's funding freeze affecting independent news outlets; the 2025 US foreign aid budget included $268M for media  —  Independent outlets in former Soviet Union are poised to be hurt by temporary shut down at key US agency
Discussion: @amuse, HotAir and Fox News
 
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 More News: 
Elsa Keslassy / Variety:
Streaming services are negotiating with French film guilds to reduce waiting period for new theatrical releases, following Disney+'s deal to shorten its window
Erik Hayden / The Hollywood Reporter:
Filing: Disney lowers its content spending estimate, including for sports rights, for FY 2025 by $1B to ~$23B; for FY 2024, Disney's content spend was $23.4B
Charlotte Klein / New York Magazine:
The Bulwark had its first profitable year in 2024, and its Substack, which has 76K paid subscribers, is gaining 700 to 1,000 paid subscribers every day or two
 Earlier Picks: 
Mark Sweney / The Guardian:
The British Film Institute: UK broadcasters slashed their spending on high-end TV shows to the lowest level since 2015, while US streamers increased spending
Georg Szalai / The Hollywood Reporter:
Spotify and Warner Music sign a multi-year deal that covers recorded music and music publishing and “delivers new benefits for artists, songwriters, and fans”
Lucas Shaw / Bloomberg:
Warner Music buys a controlling stake in Tempo Music, which owns the song rights of Bruno Mars, Adele, and more; a source says the deal values Tempo at $450M