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7:05 AM ET, April 30, 2025

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 Top News: 
New York Times:
Sources: the Paramount board has outlined acceptable financial terms for a potential settlement with President Trump ahead of mediation, set to begin April 30  —  Paramount's interest in settling has dismayed CBS's news division.  The executive producer of “60 Minutes” abruptly resigned last week.
Benjamin Mullin / New York Times:
The Corporation for Public Broadcasting sues the Trump administration, accusing it of illegally trying to fire three members of its board on April 28  —  The media organization said that the White House emailed three of the company's five directors on Monday, telling them that their positions had been terminated.
Mark Stenberg / Adweek:
Source: the Los Angeles Times had a roughly $50M loss in 2024, following a $30M loss in 2023, and has lost about 25,000 paid subscribers since September 2024  —  The publisher has lost ad spend from Netflix, as well as 25,000 subscribers, in recent months  —  Last week, for the first time since …
Ashley Carman / Bloomberg:
Spotify reports Q1 revenue up 15% YoY to €4.2B, subscribers up 12% to 268M, vs. 265.2M est., MAUs up 10%, forecasts Q2 gross profit margins and MAUs below est.  —  Spotify Technology SA shares tumbled on Tuesday after the streaming company gave a muted outlook for profit and subscriber growth in the current quarter.
Minho Kim / New York Times:
A federal judge orders the Trump administration to pay Radio Free Europe/Radio Liberty $12M for its April funding, which USAGM has withheld  —  The news organization relies almost exclusively on congressional funding, which the Trump administration has held up for weeks.
Discussion: Washington Post, TVNewsCheck and WBUR
The Guardian:
A reconstruction of the events that led to Ukrainian reporter Victoria Roshchyna's detention and death in Russia; forensics suggest “numerous signs of torture”  —  The Guardian, working with media partners, has tracked down first-hand accounts to reconstruct Viktoriia Roshchyna's final months
CNBC:
Snap reports Q1 revenue up 14% YoY to $1.36B, vs. $1.35B est., and does not offer Q2 guidance, citing macroeconomic uncertainties; SNAP drops 14%+  —  Snap reported better-than-expected first-quarter revenue Tuesday but declined to provide guidance, citing macroeconomic uncertainties that could weigh on advertising demand.
Lauren Thomas / Wall Street Journal:
Sources: regional sports network SNY, which has exclusive rights to the NY Mets through 2035, is exploring potential deals, including an outright sale  —  Regional sports network SNY is working with Moelis on the process that is expected to interest private-equity firms and other broadcasters
Katie Kilkenny / The Hollywood Reporter:
SAG-AFTRA creates a digital creator committee to develop industry standards and hopes to introduce contracts covering non-branded influencer content  —  The group is expected to provide “guidance and leadership” as the union attempts to break into covering original work and not just branded content.
Lauren Johnson / Adweek:
PayPal is expanding PayPal Ads to sell programmatic ads on the open web, using shopping data from its services to help advertisers target ads  —  The payment giant is extending its ad business beyond its owned properties  —  PayPal is unleashing its advertising business on the open web.
more at Techmeme »
Nicole Sperling / New York Times:
Penske Media laid off around 10 members of SXSW leadership, many of whom had been with the festival for decades, including its president, CTO, and head of comms  —  The festival's longtime president is leaving the festival, as are about 10 others.  Its owner, Penske Media, told staff members about the changes on Friday.
Will Oremus / Washington Post:
The US House passes the Take It Down Act to criminalize posting nonconsensual intimate imagery, including deepfakes, and require online platforms to remove them  —  Trump is expected to sign into law a bill that would force online platforms to quickly take down nonconsensual intimate images.
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 More News: 
Katie Kilkenny / The Hollywood Reporter:
WGA West voluntarily recognizes a union formed by its staffers after ~81% of the bargaining unit voted to join the Pacific Northwest Staff Union in a card count
Discussion: Deadline and Variety
Charlotte Tobitt / Press Gazette:
Samsung launches a new default, free news app for its devices in the UK in beta with non-paywalled content from Sky News, Daily Mail, Reuters, and others
Christopher Palmeri / Bloomberg:
IAC agrees to add Tor Braham, a former technology banker at Deutsche Bank and Credit Suisse, to its board after discussions with activist investor Arkhouse
Discussion: Axios and The Hollywood Reporter
 Earlier Picks: 
Taylor Lorenz / Rolling Stone:
The 2025 WHCD weekend, with events like Substack's party, highlighted the growing influence of new media personalities on political and cultural conversations
Avery Lotz / Axios:
President Trump says “fake news organizations” should be “investigated for election fraud” after several prominent polls showed his approval ratings sinking
 

 
From Techmeme:

Kurt Wagner / Bloomberg:
Sources: Meta is considering deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January

Kif Leswing / CNBC:
Apple says general counsel Kate Adams and policy chief Lisa Jackson will retire, and Jennifer Newstead, Meta's former chief legal officer, will replace Adams

Will Oremus / Washington Post:
Two studies suggest AI chatbots can shift political views more effectively than TV campaign ads, especially by presenting many claims, regardless of accuracy
 
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