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7:35 AM ET, May 7, 2025

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 Top News: 
Katie Robertson / New York Times:
The NYT reports adding 250K digital-only subscribers in Q1, taking its total subscribers to 11.6M+; digital ad revenue rose 12.4% YoY to $70.9M  —  The company had nearly 11.7 million total subscribers at the end of March.  Adjusted operating profit grew 21.9 percent compared with the same quarter a year ago.
RELATED:
The New York Times Company:
The New York Times reports Q1 revenue up 7.1% YoY to $635.9M, subscription revenue up 14.4% YoY to $335M, and operating profit up 21.3% YoY to $58.6M  —  NEW YORK, May 7, 2025 - The New York Times Company (NYSE: NYT) announced today first- quarter 2025 results.  Key Highlights
Benjamin Mullin / New York Times:
CPB says the Department of Education has terminated Ready To Learn, the grant program that funded Sesame Street and would've provided $23M for children's shows  —  The termination of the federal grant program, called Ready To Learn, resulted in a loss of $23 million that would have gone to educational programs.
RELATED:
Joe Flint / Wall Street Journal:
CPB is slated to receive $535M per year in the next two fiscal years; PBS and its stations get ~15% of their revenue from CPB, NPR stations 10%, NPR itself ~1%  —  Public-media leaders promise to challenge president's executive order slashing financial support
Discussion: Tangle, Bloomberg and Inside Radio
Isabella Simonetti / Wall Street Journal:
Disney reports Q2 revenue up 7% YoY to $23.62B, streaming profit up 16% to $336M, and 180.7M streaming subscribers, up 2.5M from Q1 2025; DIS jumps 4%+  —  Company says it is watching broader economic developments for any impact to its businesses  —  Disney's theme parks …
RELATED:
Todd Spangler / Variety:
In Q2, Disney says Disney+ subscribers rose by 1.4M to 126M, while Hulu rose by 1.1M to 54.7M, and operating income hit $336M, up from $47M in Q2 2024  —  Despite gathering economic storm clouds, chief Bob Iger said the Mouse House remains “optimistic” about its current fiscal year guidance.
Sara Fischer / Axios:
Fox News Media projects $500M in FY 2025 revenue for its non-cable TV businesses, which include Fox Nation; ads make up most of its digital business revenue  —  Fox News Media is projecting half a billion dollars in revenue this fiscal year for its non-cable TV businesses …
Discussion: TVNewsCheck
RELATED:
Sarah Perez / TechCrunch:
Patreon rolls out an updated version of its iOS app that lets users make purchases via the web in addition to using in-app purchases  —  Creator platform Patreon has rolled out an updated version of its app that now allows users to make purchases via the web, in the wake of the Apple-Epic court ruling …
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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
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 …
Sapna Maheshwari / New York Times:
At a Manhattan event, TikTok executives tried to reassure brands and ad clients, saying “we are absolutely confident” in TikTok “and confident in the future”  —  The company's executives tried to reassure potential advertisers about the app's future …
Hunter Walker / Talking Points Memo:
Trump Media's Truth+ streaming service, launched in September 2024, has “documentaries” that push conspiracy theories in its top 10 most watched programs  —  Among other things, movies on the Truth+ streaming service have suggested Jesus Christ and Buddha are aliens.
Malheur Enterprise:
The Malheur Enterprise, a rural weekly in Oregon, is closing after more than 115 years, as its owners plan to retire; the last print edition is May 7  —  The Malheur Enterprise is ceasing publication after 115 years with the May 7 edition being the last printed version.
 
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 More News: 
Winston Cho / The Hollywood Reporter:
The family of an Afghan mine-clearer, who was killed by the Taliban after appearing in a Nat Geo documentary working with Green Berets, sues Disney and others
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
Kendra Barnett / Adweek:
Google unveils AI Max for Search ad campaigns, a suite of AI-powered targeting and creative enhancements, rolling out to advertisers in beta later this month
 Earlier Picks: 
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
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
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
Vikas SN / Moneycontrol:
YouTube is piloting two-person Premium and Music Premium plan options in India, France, Taiwan, and Hong Kong
 

 
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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