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8:30 AM ET, May 5, 2025

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The Wrap:
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Lucas Shaw / Bloomberg:
Trump's tariffs on foreign film productions risk retaliation that could hurt Hollywood's trade surplus; MPA: US exports 3x more entertainment than it imports  —  While more movies and TV shows are being produced abroad, the US entertainment industry still exports three times as much as it imports.
Washington Post:
After VOA director said staff can begin a “phased return”, an appeals court stays the preliminary injunction that allowed VOA and USAGM staffers to go back  —  An email from the Justice Department said VOA staff can begin a “phased return” to the office and programming.
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Minho Kim / New York Times:
An appeals court allows the Trump admin to continue withholding funds from federally funded newsrooms, temporarily reversing parts of two lower-court rulings  —  The outlets — Radio Free Europe/Radio Liberty, Radio Free Asia and Middle East Broadcasting Networks — have had to scale back their news programming.
Brian Stelter / CNN:
Radio Free Asia is laying off most of its staff and shutting down many of its news broadcasts and streams due to a funding battle with the Trump administration
Abigail Covington / New York Times:
A look at Laid Off, a Substack newsletter with ~9,000 subscribers that features stories of federal workers, Google employees, and others about losing their jobs  —  Federal workers, Google employees and newspaper editors have opened up about losing their jobs in the newsletter Laid Off.
Discussion: @reeltalker
Charlotte Tobitt / Press Gazette:
An interview with Daily Express EIC Tom Hunt on the paper's 125th anniversary, plans for a YouTube show called Daily Expresso, the future of print, and more  —  Becoming “best in class” for core topics like politics and defence is what will help the Daily Express survive and thrive into the next century …
CPB:
In response to Trump's EO, CPB CEO says CPB is “not a federal executive agency subject to the President's authority” but a private nonprofit corporation  —  WASHINGTON, D.C, (May 2, 2025) — Patricia Harrison, President and CEO of the Corporation for Public Broadcasting (CPB) …
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Associated Press:
President Trump signed an EO on May 1 instructing CPB and other agencies to cut federal funding for NPR and PBS, alleging “bias” in the broadcasters' reporting
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NPR:
NPR says President Trump's EO is an affront to the First Amendment rights of NPR and that it will challenge the EO “using all means available”
Laura Holliday / Wired:
An investigation finds 70+ content-farm YouTube channels using AI to produce cartoon content featuring gore and child abuse, featuring characters like minions  —  A WIRED investigation found that dozens of YouTube channels are using generative AI to depict cartoon cats and minions being beaten …
New York Times:
Sensor Tower: Temu cut US digital ad spending by an estimated 31% and Shein by 19% in the two week period from March 31 as the de minimis exemption is closed  —  For Meta, Alphabet and other platforms, the elimination of the tariff exemption for inexpensive goods is already cutting into advertising revenue.
Sahil Patel / The Information:
TV ad sales execs and ad buyers say marketers plan to cut spending on entertainment and news programming by up to 10% in the coming year amid economic worries  —  Google and Meta Platforms have signaled they're not seeing much pullback by advertisers worried about the economy …
Discussion: Adweek
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Sean Burch / The Wrap:
The LA Times Guild says 14 of its members have been laid off, or 6% of its newsroom staff, the third round of newsroom layoffs at LAT in as many years
Etan Vlessing / The Hollywood Reporter:
FuboTV reports Q1 revenue up 3.4% YoY to $416.3M, subscription revenue up 4.7% YoY to $391.4M, and 1.47M subscribers, down from 1.67M in Q4 2024; FUBO drops 17%
Bron Maher / Press Gazette:
RSF's 2025 Press Freedom Index classifies media freedom globally as “difficult”, a first; economic score hits a record low due to ownership concentration, more