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Elon Musk says xAI acquired X in an all-stock deal valuing xAI at $80B and X at $33B; xAI was reportedly in talks to raise funds in February at a $75B valuation — Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an all-stock transaction that values …
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A US district court judge issues a temporary restraining order halting the Trump administration's efforts to close Voice of America, in a lawsuit by VOA staff — A federal judge sided with silenced Voice of America journalists on Friday, the latest setback for President Trump's push to shut …


Trump commutes the criminal fraud sentence of Ozy Media founder Carlos Watson, shortly before Watson was due to begin serving a 116-month prison term — President Donald Trump commuted the criminal sentence of Ozy Media founder Carlos Watson on Friday, just hours before Watson was due …
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In a letter to Disney CEO Bob Iger, FCC Chair Brendan Carr says the FCC is opening an investigation into DEI practices of Disney and ABC — - Brendan Carr, the head of the Federal Communications Commission, is now investigating Disney over its DEI practices.
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Guardian US expects $44M in donations in the US and Canada in 2025, up 33% YoY; contributions make up 60% of revenue, which exceeded costs by $16M in 2024 — There was a time in media when having a billionaire owner was an asset. For many outlets, this is still the case …


Sources: the Los Angeles Times has laid off dozens of employees on the business side this week, including VP of Communications Hillary Manning — The newspaper slashed dozens of business-side staffers this week—including its longtime chief spokesperson—in a painful new round of cuts, Status has learned.
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The Atlantic's Jeffrey Goldberg says the Trump administration's lies regarding Signal chats on Yemen attack plans prompted him to reveal the texts — The Trump administration tried to paint the veteran journalist as a liar, so he felt compelled to prove them wrong — and he had the receipts.


Google will pay $100M in cash to settle a 2011 lawsuit accusing the company of charging for clicks on ads outside the geographic areas the advertisers targeted — Google has agreed to pay $100 million in cash to settle a long-running lawsuit claiming it overcharged advertisers by failing …
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QVC lays off ~900 employees, or ~5% of its workforce, after consolidating operations with HSN earlier in 2025, as QVC pivots to “a live social shopping company” — The layoffs come as part of a reorganization for the QVC Group after consolidating with rival network HSN earlier this year


Amid increasing intimidation of journalists in Indonesia, journalists working for Tempo, an outlet critical of the government, received dead animals as threats — Grisly gifts a worrying turn for press freedom in world's third-largest democracy — Warning: some readers may find an image in this story distressing


Adalytics: DoubleVerify, IAS, and Human Security, paid by advertisers to detect bots, regularly miss such traffic; DoubleVerify missed 21% of bot visits — Companies that claim to help brands avoid serving digital ads to bots regularly miss nonhuman traffic


A look at AI-generated fake movie trailers on YouTube; WBD, Paramount, and Sony have earned ad revenue from some videos instead of defending their copyright — Cut to Nicholas Hoult's Lex Luthor watching on and Milly Alcock's Supergirl levitating into view. “They are not from here,” Luthor intones in an ominous voiceover.