Top News:
Bloomberg:
The stock market briefly surged today 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 investment officer …
Discussion:
CNN, Mediaite, Financial Times, Wall Street Journal, @samstein, @hadas_gold, @hadas_gold, @benmullin, @hadas_gold, @rogoswami, Wall Street Journal, @rickkaempfer.bsky.social, Benzinga, @bencjacobs, @mattzeitlin, @firstadopter, @semaforben, @brianstelter, @jason_kint, @mikeisaac, @jason_kint, @alexbward, @mikeisaac, @philipwegmann, @thestalwart, NBC News, Townhall, Washington Examiner, MeidasTouch News, The Daily Caller and HuffPost, more at Techmeme »
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 — We asked experts how his trade policy will impact the entertainment business. … The adaptation of the popular video game opened …
Discussion:
@lucas_shaw, @lucas_shaw and New York Times
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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
Fareed Sahloul / Bloomberg:
Sources: connected TV ad platform MNTN, which filed for a US IPO in late February, is among companies pausing listings as Trump's trade war upends the economy
Discussion:
City A.M., Fortune, @carnage4life.bsky.social, Wall Street Journal, @scottlincicome.bsky.social and TechCrunch
Todd Spangler / Variety:
Stock declines for major media companies on April 5 included WBD down 11.9%, Roku down 8.3%, Apple down 7.3%, Netflix down 6.7%, Disney down 6%, and Amazon 4.2%
Discussion:
Wall Street Journal, NPR, PR Daily, The Wrap and Deadline
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.
Discussion:
SlashFilm, Fast Company, CNN, @ollie_twt, Barron's Online, @lucas_shaw@threads.net, Windows Central, @resonantjustice, Entertainment Weekly, Spyglass, @vinhlegacy, GamesRadar, Kotaku, @jonathanmb32, @thegregorye, New Jersey Online, @iamkooby, Metro.co.uk, Forbes, @retrora, The Playlist, @brianstorms@mastodon.social, Steve Siskind on LinkedIn, Boxoffice, Screen Rant, Bloomberg, Associated Press, The Wrap, Oh No They Didn't!, TechCrunch, Know Your Meme and GoldDerby
Tatiana Siegel / Variety:
Sources: Evan Gershkovich is not cooperating on 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:
Talking Biz News and @jeffjarvis.bsky.social
Charlotte Tobitt / Press Gazette:
RocaNews, which operates via Instagram, a gamified app, two daily newsletters, and YouTube, says it became profitable in October 2024 and has 2M regular 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
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 — Los Angeles-based startup Moonvalley, which is developing AI tools for video creation, has raised a fresh $43 million in venture capital, according to an SEC filing.
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 — Audio streaming giant Spotify's (SPOT.N) royalty payments to artists from Nigeria and South Africa - its two biggest African markets …
Discussion:
Music Ally, Semafor and RouteNote Blog
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 — Journalists now effectively banished say Kremlin's aim is to make them ‘toxic’ to anyone thinking of speaking to media
Jonathan Vanian / CNBC:
Trump says he signed an executive order to keep TikTok running for 75 more days, as “the deal requires more work to ensure all necessary approvals are signed” — President Donald Trump on Friday extended a deadline requiring China-based ByteDance to sell the U.S. operations …
Discussion:
@realDonaldTrump …, Music Business Worldwide, Music Ally, The Ankler, UnHerd, BBC, @carnage4life@mas.to, CNN, @thedailybeast, @brianstelter, Washington Post, Engadget, Mirror, NPR, RedState, The Desk, The Verge, Tennessee Star, CBS News, Breitbart, Sladjan Milenkovic on LinkedIn, The Daily Wire, Digital Music News, Bloomberg, Hollywood Life, NBC Bay Area, Reuters, Daring Fireball, PRWeek, The Times, The Daily Beast, Vogue Business, Metro.co.uk, Yahoo Finance, Rolling Stone, People, Politico, Gizmodo, @drewharwell.com, Mediaite, The Post Millennial, BGR, The Independent, Semafor, Washington Examiner, Financial Times, Wall Street Journal, TechCrunch, The Wrap, ABC News, NOTUS, Forbes, Business Insider, UPI and New York Post
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, Associated Press, MPR News, @azagata.bsky.social, financialpost, Politico and @benmullin, more at Techmeme »
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:
TVNewsCheck, @briank.bsky.social and Radio & Television …
Ingrid Lunden / TechCrunch:
Krea, which helps creators generate AI content using the best available models, raised a $47M Series B and a $33M Series A; sources: Krea is valued at $500M — Overwhelmed with trying to keep up with the different AI models you can use to make content? A startup called Krea is looking …
Joseph Bambridge / Politico:
OpenAI and Google reject the UK's proposal to allow training AI on copyrighted work without permission unless rights holders opt out to “reserve their rights” — The U.K. government's AI copyright plans can't seem to please anyone. — LONDON — Leading AI companies OpenAI …
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