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12:05 PM ET, April 15, 2025

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 Top News: 
New York Times:
Sources: the White House plans to ask Congress to rescind $1.1B in federal funding for the Corporation for Public Broadcasting, which funds NPR, PBS, and others  —  Trump administration officials want legislators to rescind $1.1 billion for the Corporation for Public Broadcasting, which provides some support for public media.
Financial Times:
CNN CEO Mark Thompson says the company plans to roll out a “suite” of digital subscription services, including at least one in 2025, to combat TV's decline  —  Media executive plans to launch a ‘suite’ of digital subscription services to arrest long-term decline in cable
Dominick Mastrangelo / The Hill:
The AP says its journalists were barred from an Oval Office event featuring Trump and El Salvador President Nayib Bukele in defiance of a court injunction  —  The Associated Press on Monday said its journalists were barred from covering an Oval Office event featuring President Trump …
Bloomberg:
WBD says it decided not to sell Polish broadcaster TVN after a review; bidders reportedly included billionaire Michal Solowow and a Wirtualna Polska-led group  —  Warner Bros. Discovery Inc. decided to keep control over its Polish unit after ending a strategic review which included options to sell TVN SA.
RELATED:
Michael Wolff / New York Magazine:
How David Zaslav became an “accidental mogul” who is navigating WBD out of its cultural, generational, and technological obsolescence during the Trump era
Wall Street Journal:
Source: by 2030, Netflix aims to reach a $1T valuation, earn ~$9B in global ad sales, double its $39B 2024 revenue, and triple its $10B 2024 operating income  —  Streaming service shares financial performance targets with staff that underscore its dominance
Ted Johnson / Deadline:
After CBS aired two 60 Minutes segments, Trump calls on CBS to lose its license and asks FCC Chairman Brendan Carr to “impose the maximum fines and punishment”  —  Donald Trump again lashed out at 60 Minutes, this time angry over two segments the newsmagazine ran on Ukraine and Greenland.
Jazz Tangcay / Variety:
FilmLA: greater LA film production fell 22.4% YoY in Q1 2025 to 5,295 shoot days, due to global cutbacks and CA's loss to rivals; the LA fires had little impact  —  After a promising end to 2024 where production had increased by 6.2%, on-production shoot days in the Greater Los Angeles area declined …
Ben Fritz / Wall Street Journal:
Nearly every movie released by a major studio in the past year based on an original script or a little-known book has been a box office disappointment  —  New movies based on fresh ideas are fizzling at the box office  —  LOS ANGELES—When director Christopher Landon introduced his new thriller …
RELATED:
Lucas Shaw / Bloomberg:
Less than a week before A Minecraft Movie had a $160M+ opening weekend in the US and Canada, experts projected ~$65M, following four high profile misses in 2024
David Folkenflik / NPR:
A retrial of Sarah Palin's case against the New York Times begins, after a judge's misstep in the initial suit in 2022 opened the door to a retrial  —  As another New York City institution once said, it's deja vu all over again for The New York Times and former Alaska Republican Gov. Sarah Palin.
Sean Burch / The Wrap:
Greg Gutfeld will host a Fox Nation game show where contestants who are isolated for three months guess what really happened during Trump's second term  —  “What Did I Miss?” will see whether contestants who have been in isolation for three months can guess what really happened during Trump's second term
J. Kim Murphy / Variety:
Alamo Drafthouse opts out of Meta's Movie Mate, which offers viewers interactive content via Instagram DMs during screenings, starting with the M3GAN rerelease  —  Though the theater chain will host showtimes nationwide for the April 30 rerelease of Blumhouse's killer doll thriller “M3GAN …
 
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 More News: 
Max Tani / Semafor:
Interviews with Bloomberg executives on preparing for over a year for Trump's trade war, CNBC picking up Walter Bloomberg's X tariff pause post, and more
Charlotte Tobitt / Press Gazette:
Jim Spanfeller says Quartz was in “dire” shape when G/O Media bought it in 2022 and defends its sale to Redbrick, which plans to integrate Quartz with Paved
Discussion: Talking Biz News
Benjamin Mayo / 9to5Mac:
Apple rebrands Search Ads as Apple Ads, after long-term rumors it is exploring expanding advertising from the App Store to other apps like Apple Maps
Associated Press:
Meta says it plans to train its AI models on public content, like posts and comments, and interactions that users have with its AI in the EU starting this week
 Earlier Picks: 
New York Times:
FTC v. Meta: in opening arguments, FTC lawyers accuse Meta of a “buy-or-bury strategy” to cement a social networking monopoly by buying Instagram and WhatsApp
Andrew Marchand / New York Times:
Sources: College GameDay host Rece Davis agreed to a new seven-year deal worth tens of millions to stay with ESPN, after being heavily pursued by Fox Sports
Joseph Bernstein / New York Times:
A profile of Darryl Cooper, a Holocaust denier who has become one of the most popular podcasters in the US and has tens of thousands of Substack subscribers
 

 
From Techmeme:

Bloomberg:
US v. Google: OpenAI's ChatGPT chief, Nick Turley, says the company would be interested in buying Chrome from Google if a federal court orders it to be spun off

Bloomberg:
Source: Intel is set to announce plans this week to cut 20%+ of its staff, its first major restructuring under Lip-Bu Tan; it had 108,900 workers in Dec. 2024

Cecilia Kang / New York Times:
FTC v. Meta: Instagram co-founder Kevin Systrom testifies that “Mark was not investing in Instagram because he believed we were a threat to their growth”
 
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