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11:20 AM ET, May 8, 2025

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Financial Times:
Jefferies expects the global anime market to hit $60.1B by 2030, up from $31.2B in 2023, as Hollywood searches for IP; Japanese studios capture <10% of revenues  —  Stay informed with free updates  —  Simply sign up to the Media myFT Digest — delivered directly to your inbox.
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.
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  —  As president, he helped persuade companies like Estée Lauder and Ford to advertise in the pages of the first mass-circulation magazine directed at Black women.
Discussion: Essence
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.
Liam Scott / Columbia Journalism Review:
Q&A with RFE/RL reporter Andrei Kuznechyk, whose release from a Belarus jail in February was brokered by the US, on the importance of RFE/RL in Belarus and more  —  After 1,175 days in a Belarusian prison, Andrei Kuznechyk, a journalist with the US-funded international broadcaster Radio …
Mark K. Miller / TVNewsCheck:
Nexstar reports Q1 revenue down 3.9% YoY to $1.23B, primarily due to reduced political advertising revenue and net income down 42% to $97M  —  Save this article for later!  Login or create a Free Member Profile to bookmark it.  —  That $50 million drop to $1.23 billion was “primarily due to reduced political advertising revenue.”
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  —  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.
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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
Jay Peters / The Verge:
Netflix says it plans to start testing a TikTok-like feed of vertical videos in its mobile app “in the coming weeks” to help users find more content to watch
Chris Gardner / The Hollywood Reporter:
Former British Vogue EIC Edward Enninful and his sister Akua plan to launch digital platform EE72 and quarterly print magazine 72 Magazine in September 2025  —  Edward Enninful's EE72 has reeled in Simone Oliver as head of content, Sarah Harris as editorial director and Lee Swillingham …
Bloomberg:
Owl & Co. report: the global podcast industry generated $7.3B in sales in 2024, including video revenue, most notably YouTube, but not including live events  —  Researcher Owl & Co. puts the industry's 2024 revenue at more than $7 billion  —  The global podcast industry generated $7.3 billion …
Discussion: Podnews and @lucas_shaw
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.
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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:
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
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.”
 
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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: 
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
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
 

 
From Techmeme:

Bloomberg:
Alphabet agrees to acquire data center company Intersect for $4.75B in cash, plus its existing debt, as part of its push to expand its AI data center footprint

NBC Los Angeles:
Vince Zampella, former CEO of Infinity Ward, the studio behind Call of Duty, died Sunday at 55 in a single-car crash in Southern California

Axios:
Sources: Erebor, Palmer Luckey's digital bank, raised $350M led by Lux Capital at a $4.35B post-money valuation; it secured FDIC approval last week
 
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