Mediagazer: The US stock market briefly surged on April 7 after CNBC, Reuters, and others picked up an erroneous X post that Trump was considering a 90-day pause on tariffs (Bloomberg)

9:05 AM ET, April 8, 2025

Top News:

The US stock market briefly surged on April 7 after CNBC, Reuters, and others picked up an erroneous X post that Trump was considering a 90-day pause on tariffs — At just after 10 a.m., shouting erupted on the Siebert trading floor in downtown Manhattan. Mark Malek, the firm's chief …

Tatiana Siegel / Variety:

Sources: Evan Gershkovich is not cooperating on the WSJ's documentary and book about his imprisonment, and plans his own film and book, sparking tensions — It was a dramatic moment. On Aug. 1, 2024, Wall Street Journal reporter Evan Gershkovich stepped off a plane in Turkey to freedom, after 16 months spent in a Russian prison.

Discussion: Poynter, @farnazfassihi, @jeffjarvis.bsky.social and Talking Biz News

New York Times:

A majority of 300+ WaPo tech workers sign union cards and plan to formally request recognition, WaPo's first public union drive since Bezos' 2013 acquisition — With global markets again in free-fall, the president appeared to be losing support of business leaders, raising questions about his leverage in his trade fight.

Discussion: Washingtonian, KB Ruleaux on LinkedIn, Associated Press, Quartz, financialpost, @benmullin, Roll Call, @azagata.bsky.social, Politico and MediaPost

Josh Xiao / Bloomberg:

Two influential Chinese bloggers say China is considering a ban on Hollywood movies as part of a set of measures to retaliate against Trump's tariffs — Two influential Chinese bloggers posted an identical set of measures that authorities are mulling to hit back at the latest tariff threats …

Discussion: Variety, Times of India, Daily Mail, TheGamer, The Hollywood Reporter, @endwokeness, @autismcapital, @zerohedge, @pti_news, @globaltimesnews, @catturd2, @shawn_farash, @derrickevans4wv, The Express Tribune, ZeroHedge News, Raw Story, MPR News and NBC Bay Area

Anvee Bhutani / The Guardian:

Student journalists in the US are resigning or requesting takedown of stories amid growing repression by the Trump administration against pro-Palestinian speech — Newsrooms forced to adapt as writers resign and request takedown of stories to avoid potential repercussions

Discussion: Inside Higher Ed, @jestastrophy.bsky.social, @victorerikray.bsky.social, @kennysmith.bsky.social, @annkspencer.bsky.social, @ClimateJenny@biodiversity …, @timmonsroberts.bsky.social, @yanisvaroufakis.bsky.social, @anveebhutani.bsky.social, Daily Caller News Foundation and Fox News

Bloomberg:

Publishers say site traffic has plummeted since Google rolled out AI Overviews; sources say Google acknowledged the drop in an October 2024 publisher meeting — In March 2024, website owner Morgan McBride was posing for photos in her half-renovated kitchen for a Google ad celebrating the ways …

Discussion: ZeroHedge News, @davey.bsky.social and @byjulialove, more at Techmeme »

Charlotte Tobitt / Press Gazette:

RocaNews, a Gen-Z focused outlet that operates via Instagram, a gamified app, newsletters, and YouTube, says it became profitable in October and has 2M readers — An American news start-up says it is proving Gen Z audiences will pay for news if it's done the right way.

Discussion: Forbes

New York Times:

Sources: Paramount and Trump are poised to begin mediation in his $20B lawsuit against CBS News and have picked a mediator for the case in recent days — President Trump's $20 billion suit accuses CBS News of deceptively editing an interview with former Vice President Kamala Harris.

Discussion: TVNewsCheck, @davidenrich.bsky.social, Reuters, @benmullin, New York Post, Deadline, @michaelsderby.bsky.social and Variety

Rebecca Rubin / Variety:

A Minecraft Movie collects $157M at the US box office in its opening weekend, the biggest domestic debut of 2025 and best in history for a video game adaptation — “A Minecraft Movie” leveled up at the box office, collecting a blockbuster $157 million in its opening weekend.

Matthew Keys / The Desk:

Nexstar ordered its 160+ local TV stations to air segments during local newscasts that encourage viewers to lobby the FCC for broadcast ownership deregulation — Nexstar Media Group has ordered most of its 160-plus local television stations to air segments during local newscasts …

Discussion: Inside Radio, Adweek, @briank.bsky.social, TVNewsCheck, NewsBlues.com and Radio & Television …

Kate Conger / New York Times:

How X became a powerful government mouthpiece, including through a rotating seat in the White House press briefing room occupied by John Stoll, X's head of news — On a recent Thursday, journalists cramming into the White House press briefing room saw an unfamiliar face in a rotating seat designated for new media.

Discussion: @digiphile.bsky.social, @michaelsderby.bsky.social, @justinhendrix.bsky.social, Vanity Fair, @michaelkruse.bsky.social and PR Daily

Emma Roth / The Verge:

The News/Media Alliance is running an ad campaign this week urging the US government to “make Big Tech pay for the content it takes to run its AI products” — Publishers across the US are participating in an ad campaign asking to ‘make Big Tech pay for the content it takes.’

Discussion: News/Media Alliance and News/Media Alliance

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Vauhini Vara / Bloomberg:
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more at Techmeme »

Rob Waugh / Press Gazette:
AI tools like ChatGPT have fueled a rise in media “experts” with dubious or fake credentials, often sourced via journalist request services

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Todd Spangler / Variety:
Under the pact terms, the Skydance-Paramount merger deadline was automatically extended 90 days past April 7, as the parties await FCC approval

Discussion: Reuters, The Wrap, Cord Cutters News, Media Play News and Deadline

Caroline Radnofsky / NBC News:
Most books sold in the US are printed domestically, but new tariffs could raise manufacturing costs, squeezing publisher profits and pushing up book prices

Discussion: @susijohnston.bsky.social, Publishers Weekly and YourStory.com

Kyle Wiggers / TechCrunch:
Filing: Moonvalley, whose AI model Marey generates “HD” clips up to 30 seconds in length, raised $43M and says it's working on licensing arrangements

Ingrid Lunden / TechCrunch:
Krea, which helps creators use multiple AI models to generate content, raised a $47M Series B, a $33M Series A, and a $3M seed; sources: Krea is valued at $500M

Discussion: WWD and Saanya Ojha on LinkedIn, more at Techmeme »

Earlier Picks:

Siyanda Mthethwa / Reuters:
Spotify's royalty payouts to South African performers grew 54% YoY in 2024 to $21M, while payouts to Nigerian artists more than doubled to $38M

Discussion: Semafor and Music Ally

Lucas Shaw / Bloomberg:
Some experts weigh in on how President Trump's trade policy could impact the entertainment industry: ad budgets may shrink, Netflix could be shielded, and more

Discussion: @lucas_shaw, @lucas_shaw, Lucas Shaw on LinkedIn, The InSneider and New York Times

Michael Savage / The Guardian:
Six Russian BBC journalists labeled “foreign agents” by Putin's regime speak on how it has impacted their lives, effectively banishing them from their homeland

Discussion: @metkere and @michaelsavage

Jeremy Barr / Washington Post:
Several prominent conservatives in media notably came out against Trump's tariffs, with the most strident criticism coming from WSJ's editorial board

Discussion: Australian Financial Review, The Wrap, The Hill, Benzinga, The Daily Beast and The Independent

Gretel Kahn / Reuters Institute:
A look at the inroads made by China, Russia, and Turkey in Africa's information ecosystem and the void they will fill now that VOA has been silenced

Discussion: Bloomberg, @reutersinstitute.bsky.social, @cdncurmudgeon.bsky.social, Samba Dialimpa Badji on LinkedIn and @newsguy.bsky.social

Charles Martin / AppleInsider:
The BBC complains to the UK CMA that Apple and Google's news aggregators weaken its relationship with the public by downplaying the BBC branding

Discussion: TechCrunch and Telegraph

From Techmeme:

Dan Mangan / CNBC:
Trump announces a 90-day tariff pause for some countries and a “lowered Reciprocal Tariff during this period, of 10%”, but raises tariffs on China to 125%

Alexey Shabanov / TestingCatalog:
Google announces Agent2Agent, an open interoperability protocol to enable seamless collaboration between AI agents across diverse frameworks and vendors

David DiMolfetta / Nextgov/FCW:
President Trump directs the DOJ to investigate former CISA director Chris Krebs, who was fired after he contradicted Trump's baseless 2020 election fraud claims

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