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12:15 PM ET, May 27, 2025

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 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 …
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 …
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.
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 …
Discussion: @mediaevan
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.
Ben Mullin / @benmullin:
Leaked memos: WaPo announces voluntary buyouts for employees with 10+ years of service and for members of the video department, copy desk, and opinion section  —  scoop: The Washington Post is announcing voluntary buyouts today targeting video, the copy desk, the opinion section and people who've worked at the company for 10 or more years. A big “are you in or out?” moment for the staff.
Discussion: @tonyromm, @benmullin and @benmullin
Emma Goldberg / New York Times:
A profile of Sam Freedman, who taught book writing at Columbia Journalism School for 35 years, leading to 113 book contracts and 95 books out of ~675 students  —  For three decades at Columbia Journalism School, Sam Freedman has encouraged students to try long-form narratives.
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
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 …
Monique Mulima / Bloomberg:
Trump Media & Technology Group plans to sell ~$1.5B in stock and $1B in 0% convertible notes to buy bitcoin for its treasury  —  The company's shares fell 9.2% at $23.38 in early trading after rallying premarket following a Financial Times report on its plans to raise capital to spend on cryptocurrencies.
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 …
 
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 More News: 
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
Ray Schultz / MediaPost:
The Washington Post Tech Guild plans to pursue its first collective bargaining agreement with the company following a vote of 171-38 to establish the union
 Earlier Picks: 
Joshua Benton / Nieman Lab:
Q&A with Craig Silverman and Alexios Mantzarlis on their new newsletter, the Indicator, which covers misinformation and more; Silverman has left ProPublica
Abram Brown / The Information:
A look at The Technology Brothers Podcast Network, a daily tech news talk show that has captured the attention of Silicon Valley's investors and founders
Hillel Aron / Courthouse News Service:
An Amazonian tribe sues The New York Times, TMZ, and Yahoo for $180M over defamation and more, claiming a viral 2024 NYT story smeared members as porn addicts
Allison Johnson / The Verge:
Despite Google's guardrails, Veo 3 users are generating realistic clips of news, disasters, and fictional events, some with dialogue not included in the prompt
 

 
From Techmeme:

Bloomberg:
iRobot files for Chapter 11 bankruptcy and reaches a restructuring agreement to hand over control to its secured lender and main Chinese supplier Shenzhen Picea

Emilia David / VentureBeat:
Nvidia launches Nemotron 3, a family of AI models using a hybrid mixture-of-experts architecture and the Mamba-Transformer design, in 30B, 100B, and ~500B sizes

Arsheeya Bajwa / Reuters:
Nvidia announces it has acquired SchedMD, the developer of Slurm, an open-source workload management system for HPC and AI
 
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