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7:45 AM ET, May 9, 2025

Mediagazer

 Top News: 
Brian Steinberg / Variety:
Paramount reports Q1 revenue down 6% YoY to $7.19B, a $550M net income, Paramount+ subs up 11% to 79M, and still expects the Skydance deal to close in H1 2025  —  Paramount Global, under scrutiny as it works to complete a deal that will have it acquired by Skydance Media …
Peter White / Deadline:
David Eilenberg, who was head of content at Roku Media for the last two years, is returning to ITV America to oversee its creative direction  —  Eilenberg, who was head of content at Roku Media for the last two years, is returning to the Love Island USA producer as Creative Director.
ABC News:
President Trump appoints Fox News host and former prosecutor Jeanine Pirro as interim US attorney for DC, replacing his earlier pick, Ed Martin  —  Pirro will serve as interim U.S. attorney for the District of Columbia.  —  Trump disappointed by Sen. Tillis' opposition …
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 …
Jeffrey A. Trachtenberg / Wall Street Journal:
News Corp reports Q3 revenue up 1% YoY to $2.01B, net income of $103M, Dow Jones revenue up 6% to $575M, and $514M in News Media revenue; WSJ has 4.34M subs  —  Digital and print Wall Street Journal subscriptions totaled 4.34 million for March quarter, company says
Sarah Perez / TechCrunch:
Meta says it will start testing video ads on Threads with a “small number” of advertisers, and “Reels trending ads”, which will be shown next to trending Reels  —  Instagram Threads will begin testing video ads, Meta announced on Thursday.
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 …
Todd Spangler / Variety:
WBD says it'll start getting “more assertive” about blocking password sharing later in 2025 and Max password-sharing feature will fully roll out in 12-18 months  —  That lets a primary account owner share their Max account by inviting a friend or family member outside of their household …
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
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
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  —  The order was published today by India's Ministry of Information and Broadcasting.  In an X caption along with the order …
 
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 More News: 
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
 Earlier Picks: 
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
Discussion: The Business of Fashion and WWD
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
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
 

 
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

Will Oremus / Washington Post:
Two studies suggest AI chatbots can shift political views more effectively than TV campaign ads, especially by presenting many claims, regardless of accuracy
 
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