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4:50 PM ET, May 6, 2025

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 Top News: 
New York Times:
California Gov. Gavin Newsom says he wants to work with the Trump administration to craft a $7.5B federal film tax credit; the state allocates $330M annually  —  The proposal for a federal program came after the president called for tariffs on movies filmed overseas, causing confusion and concern across the industry.
RELATED:
Bloomberg:
Over the weekend, Jon Voight presented Trump with a plan to boost the US entertainment industry, including tax code changes to encourage investment in US films
Scott Roxborough / The Hollywood Reporter:
Experts are baffled by Trump's “movie tariff” proposal, as what constitutes a “foreign” production is unclear, and tariffs won't make US filming any cheaper
Alex Sherman / CNBC:
Comcast's spinoff of the majority of the NBCU cable network portfolio will be named Versant; the “holding company” name is for “business-to-business purposes”  —  Comcast's spinoff of the majority of its NBCUniversal cable network portfolio will be named Versant …
Alex Weprin / The Hollywood Reporter:
NBC plans to use generative AI to recreate the voice of famed NBA narrator Jim Fagan, who died in 2017, to use in promos, title sequences, and show opens  —  Fagan passed away in 2017, but when the ‘NBA on NBC’ returns this fall, his voice will appear in promos, title sequences and other segments.
Erik Hayden / The Hollywood Reporter:
CNN hires Choire Sicha as SVP of features editorial; Sicha joins from Vox Media where he served as editor at large for New York Magazine  —  The editor, formerly at New York magazine and the Styles desk at The New York Times, is the latest to join as the brand rebuilds its digital operations
Andrew Liszewski / The Verge:
Amazon updates its iOS Kindle app to add a prominent orange “Get book” button, enabling purchases via the mobile browser, after the recent Epic v. Apple ruling  —  Amazon has updated its Kindle iOS app to take advantage of recent changes to Apple's App Store rules.
Sarah Perez / TechCrunch:
News reader Particle launches on the web, featuring news headlines and AI summaries, key quotes, links to sources, and reader questions answered by AI  —  Particle, the startup behind an AI-powered newsreader that aims to help publishers, not just steal their work, is bringing its product to the web.
Alexandra Alter / New York Times:
MrBeast is teaming up with James Patterson on a thriller, to be published by HarperCollins in 2026 in 15 languages, after a reported eight-figure bidding war  —  Jimmy Donaldson, known to his social media fans as MrBeast, is teaming up with the mega-best-selling thriller author.
Alex Weprin / The Hollywood Reporter:
SiriusXM and Fox Nation announce a bundle that will include SiriusXM's app-only All Access plan and a subscription to Fox Nation for $11.99 per month  —  The Fox News owned streaming service and the satellite radio giant's streaming app will sell a bundle for $11.99 per month, a 33 percent discount.
 
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 More News: 
Vikas SN / Moneycontrol:
YouTube is piloting two-person Premium and Music Premium plan options in India, France, Taiwan, and Hong Kong
Wall Street Journal:
US v. Google: the DOJ says in a May 5 filing that Google should sell its AdX business and DFP ad platform; Google says divestiture isn't warranted or feasible
 Earlier Picks: 
The Guardian:
How Ethiopia, host of the 2019 World Press Freedom Day, became one of the most repressive countries for media after the war in the Tigray region began in 2020
Arriana McLymore / Reuters:
Sensor Tower: Shein's ad spend rose 35% MoM in France and the UK in April, while Temu's jumped 40% MoM and 20% MoM, respectively, amid Trump's de minimis ban
 

 
From Techmeme:

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

A.J. Vicens / Reuters:
US and Canadian authorities warn that Chinese hackers are using the Brickstorm malware to install backdoor access within unnamed government and IT entities

Mike Isaac / New York Times:
Meta says it is shifting some of its investment from metaverse toward AI glasses and wearables, and “we aren't planning any broader changes than that”
 
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