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9:00 PM ET, May 7, 2025

Mediagazer

 Top News: 
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 closes up 10.8%  —  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.
John Koblin / New York Times:
Netflix unveils a new homepage design for TVs, its first major update since 2013, featuring fewer titles but more video and animation, rolling out next week  —  The implications for the industry could be significant, given that most other streaming services have copied Netflix's design.
RELATED:
Lauren Forristal / TechCrunch:
Netflix unveils its ChatGPT-powered search that lets users express preferences using natural phrases, to be rolled out this week to iOS users as an opt-in beta  —  After hinting at a new AI-powered search experience during its recent earnings call, Netflix officially unveiled the feature at its tech and product event on Wednesday.
David Folkenflik / NPR:
Kari Lake says OAN will provide its newsfeed and video service “free-of-charge” to USAGM networks, including VOA, OCB, and Radio Martí  —  Senior presidential adviser Kari Lake appears to have resolved any doubts about what she wants to do with the Voice of America.
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
Discussion: Wall Street Journal
Lachlan Cartwright / Breaker:
Sources: NYT reporter Rob Copeland filed a HR complaint against editor Ellen Pollock after she threatened to “kill” him if a Harvard story exceeded 2,000 words  —  Pamela Paul's new gig; Keith McNally censored; VERSANT vs Vaulter  —  In partnership with … Newsrooms plus pressure equals... more drama.
Oliver Darcy / Status:
The Daily Dot laid off 15 people, or much of its staff, after a sudden and unexplained collapse in referral traffic starting April 10 that it couldn't fix  —  After a sharp and abrupt traffic collapse, the Daily Dot was forced to lay off much of its staff—and it may be a preview of the tough road ahead for digital publishers.
Scott Feinberg / The Hollywood Reporter:
The Golden Globe Awards plans to add a best podcast category in 2026, featuring six nominees chosen from among the 25 most-listened-to podcasts  —  It would appear that Joe Rogan, Alex Cooper and Megyn Kelly could soon be invited to “Hollywood's Party of the Year.”
Winston Cho / The Hollywood Reporter:
In a letter, nine US senators urge Shari Redstone not to settle Trump's $20B lawsuit, saying it will only embolden him to “extort” CBS and other outlets  —  The letter signed by nine senators urges Redstone to “Stand up for freedom of the press and our democracy.”
Jessica Testa / New York Times:
Dear Media, the woman-focused podcast network launched in 2018, says it has between $51M and $100M in revenue and has raised $12M  —  Men dominate the top of the podcasting charts.  As listeners, they slightly outnumber women, too.  “Brocasters” and the “manosphere” have even become a media obsession, and for good reason.
Discussion: The Information and @jtes
 
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 More News: 
Brian Steinberg / Variety:
NBCU reaches an agreement that will allow it to sell Versant's US ad inventory for the next two upfront cycles
 Earlier Picks: 
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
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
 

 
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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