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4:30 PM ET, May 8, 2025

Mediagazer

 Top News: 
Brian Steinberg / Variety:
WBD reports Q1 revenue down 10% YoY to $8.9B, net income down 53% to $453M, $2.6B streaming revenue, $339M streaming adjusted EBITDA, and 122.3M streaming subs  —  Even so, the company had to contend with dips in all of its traditional streams of revenue, including advertising and distribution …
RELATED:
Tony Maglio / The Hollywood Reporter:
CNBC's David Faber: sources say WBD is moving toward a split that would see its linear cable networks spun off from the studio and Max
ABC News:
Sources: President Trump is considering installing Fox News host and former prosecutor Jeanine Pirro as interim US attorney for the District of Columbia  —  Pirro, if chosen, would be interim U.S. attorney for the District of Columbia.  —  Judge Jeanine Pirro speaks following an exclusive interview …
Chris Vallance / BBC:
The Wikimedia Foundation says it is taking legal action to challenge the UK's Online Safety Act, saying it could threaten the safety of its volunteer editors  —  Wikipedia is taking legal action against new Online Safety Act regulations it says could threaten the safety of its volunteer editors …
Washington Post:
The Washington Post names ex-WSJ deputy EIC Jason Anders as managing editor of its News Hub, a newly created role to build the publication's central news desk  —  The newly created leadership role is charged with managing The Post's daily news agenda  —  The Washington Post named Jason Anders …
Discussion: The Wrap
Eshe Nelson / New York Times:
President Trump's threatened 100% tariffs on foreign films causes anxiety in the UK industry; nearly 90% of the £5.6B spent on 2024 production came from abroad  —  After struggling through pandemic shutdowns and twin Hollywood strikes, the British film and TV industry is worried that duties will wreak devastation.
Lillian Rizzo / CNBC:
FanDuel Sports Network says its paid subscribers doubled to nearly 650,000 over a period of eight weeks and expects to reach 1M D2C customers by the end of 2025  —  The regional sports networks owned by Main Street Sports Group are winning over streaming subscribers.
Alex Sherman / CNBC:
Mark Lazarus says Versant, Comcast's cable TV spinoff, will have its own sports strategy, and has held talks with the NWSL and MLB on acquiring live game rights  —  Comcast's spinoff of most of NBCUniversal's cable portfolio has a new name - Versant.  This week, I had a chance to speak …
Jem Aswad / Variety:
Rolling Stone announces CEO Gus Wenner will assume the role of executive chairman and Julian Holguin, the former president of Billboard, will become the new CEO  —  Rolling Stone has announced that Gus Wenner will assume the role of executive chairman, and Julian Holguin will become the brand's CEO.
 
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 More News: 
Zac Ntim / Deadline:
India's Ministry of Information and Broadcasting orders all streamers and OTT companies operating in India to pull Pakistani content, citing national security
Jeré Longman / New York Times:
Clarence O. Smith, co-founder and president of Essence, the first general circulation magazine directed at Black women, has died at age 92
Discussion: Essence
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
 Earlier Picks: 
Brian Steinberg / Variety:
NBCU reaches an agreement that will allow it to sell Versant's US ad inventory for the next two upfront cycles
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
Lauren Forristal / TechCrunch:
Netflix unveils its ChatGPT-powered search that lets users express preferences using natural phrases, rolling out this week to iOS users as an opt-in beta
 

 
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

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

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
 
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