Top News:
David Folkenflik / NPR:
NPR and three Colorado public radio stations sue Trump, saying his executive order to cut federal funding violated the US Constitution and the First Amendment — NPR and three Colorado public radio stations filed suit Tuesday morning in federal court against the Trump White House …
Discussion:
Reuters, New York Times, Inside Radio, The Wrap, CNN, CNBC, Fox News, CBS News, Forbes, Bloomberg Law, Deadline, Cord Cutters News, Colorado Public Radio, Raw Story, @brianstelter, @brianstelter, @davelevinthal, @davidfolkenflik, @emilyzfeng.bsky.social, Associated Press, Plain Dealer and Boston Herald
Dominic Ponsford / Press Gazette:
Docs: The Guardian reports revenue up 6.7% YoY to £275M in the year to March 2025, losses down to <£25M, digital revenue up 20%+ YoY to £100M+, and 1.3M subs — The Guardian returned to revenue growth in the year to March 2025 as it increased turnover by 6.7% year on year …
Edith Hancock / Wall Street Journal:
The European Commission says it is investigating Pornhub, Stripchat, XNXX, and XVideos for potential child safety DSA violations “as a matter of priority” — New rules compel large online platforms to do more to protect users — The European Commission is investigating whether …
Bloomberg:
Filing: Tencent is buying a ~10% stake in SM Entertainment for ~$180M from BTS agency Hybe, as China is expected to lift its unofficial ban on K-pop concerts — Tencent Holdings Ltd. is snapping up a nearly 10% stake in SM Entertainment Co. Ltd valued at about $180 million …
Discussion:
Reuters, Music Business Worldwide, Moneycontrol, allkpop, @poppykpoppie, @atouchbase, @hyunjunhq, Soompi, CHOSUNBIZ, Korea Joongang Daily, MarketWatch and Yonhap News Agency
Financial Times:
Sources: Trump Media and Technology Group aims to raise $2B in fresh equity and another $1B via a convertible bond to buy crypto, including bitcoin — US president's administration and family have become staunch advocates for digital assets — Antoine Gara, Oliver Barnes and George Steer in New York, Arash Massoudi in London
Discussion:
CoinDesk, Reuters, MarketWatch, Yahoo Finance, Coinpedia Fintech News, The Shib Daily, Fortune, The Crypto Times, Benzinga, @born2wrshp.bsky.social, ZyCrypto, PYMNTS.com, NewsBTC, The Block, The Business Times, Cointelegraph, The Wrap, Raw Story, Ledger Insights, Bitcoin Insider, New York Post, Inside Bitcoins, crypto.news, Crypto Briefing, Wccftech, @antoinegara.bsky.social, BeInCrypto, Bitcoin Magazine, NewsMax.com, NFTgators, Tech in Asia, CoinGape and CryptoPotato
Semafor:
Inside the “anti-woke” media's identity crisis after Trump's win, amid concerns The Free Press and others are becoming platforms for “moderate Trump sycophants” — The libertarian journalist Michael Moynihan felt the shift on election night 2024, after it had become clear that Donald Trump would win.
Max Tani / Semafor:
Bloomberg renamed its DEI team as the HR Inclusion team; editor John Micklethwait says its efforts will no longer specifically focus on underrepresented groups — THE SCOOP — Bloomberg editor John Micklethwait has told his newsroom the company is changing its inclusion efforts …
Financial Times:
JioHotstar grew its subscriber base from 50M in March 2025 to 280M+ in May, driven by IPL cricket streams, nearing Netflix's global subscriber count of 300M — Subscriptions soar as JioStar consolidates rights for world's richest league in sport-mad nation — Krishn Kaushik and Chris Kay in Mumbai
Discussion:
Business Standard, @simonowens, @johnreedwrites, @refsrc, @normal_2610, MediaBrief, Financial Express, Benzinga and Semafor
Ben Fritz / Wall Street Journal:
Comscore: US and Canada box office sales totaled $326.7M for a record Memorial Day weekend, led by Disney's Lilo & Stitch remake, which grossed $183M — Strong holiday weekend contributes to major comeback for this year's domestic box office — It was a blockbuster Memorial Day weekend for Hollywood, led by a little blue alien.
Discussion:
Variety, Deadline, Adweek, Screen Rant, The Hollywood Reporter, @tomcruise, Debaprasad on LinkedIn, Shawn Robbins on LinkedIn, @conorsen.bsky.social, Daily Disney News, @pdergarabedian, @filmbrainbmb.bsky.social, @empirecitybo, Bleeding Cool News, Steve Siskind on LinkedIn, CBS News, @ercboxoffice, JoBlo, Benzinga, Breitbart, People, Barron's Online, World of Reel, Forbes, SlashFilm and The Wrap
Lucas Shaw / Bloomberg:
Sources: Disney+ will exclusively stream every season of CoComelon starting in 2027, paying tens of millions of dollars annually to take it away from Netflix — One of Netflix's most-watched titles will move to Disney+ in 2027 — Walt Disney Co. has secured the exclusive streaming rights …
Discussion:
The Streamable, Deadline, @seasalt_bae, @chrisharihar, Emily Horgan on LinkedIn, C21Media, Kidscreen, @discussingfilm, Hernan Lopez on LinkedIn, @hiimbobbi, BGR, @hecallsmepp, CBR, The Independent, The Hollywood Reporter, Just Jared, The Verge, Variety, avclub.com, The Wrap, Daily Disney News, Comic Book and @lucas_shaw@threads.com
Callie Holtermann / New York Times:
A look at the Ditch Weekly, a newspaper run by 20 teenagers and covering Montauk, New York, with a goal to distribute 2,000 copies a week through Labor Day — From left, Teddy Rattray, Harry Karoussos and Billy Stern of The Ditch Weekly. Billy started the newspaper with Teddy and his cousin Ellis …
Alexios Mantzarlis / Indicator:
The top contributor to X's Community Notes is Web3 Antivirus, a startup that uses an automated process to flag crypto scam posts and has posted 52,000 times — I thought someone was gaming X's crowdsourced moderation; instead, they appear to be helping clean up the platform's mess for free.
Discussion:
@mantzarlis.com and @craigsilverman, more at Techmeme »
