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12:05 PM ET, May 29, 2025

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 Top News: 
Wall Street Journal:
Sources: Paramount offers $15M to settle with President Trump, whose team wants $25M+, is seeking an apology from CBS News, and threatened another lawsuit  —  President's team threatened another lawsuit amid settlement talks  —  A month into negotiations between Paramount Global …
Ben Mullin / @benmullin:
Memo: Business Insider is cutting staff by 21% to “endure extreme traffic drops outside of our control” and “exiting the majority of our Commerce business”  —  scoop: Business Insider is reducing staff by 21% as it reduces its reliance on “traffic-sensitive businesses.” Memo from CEO Barbara Peng: [image]
Rick Edmonds / Poynter:
A look at the Salt Lake Tribune under CEO and top editor Lauren Gustus, who is spearheading a campaign to raise $1M in 2025 to end its paywall  —  The Tribune's success has made it a poster child for going nonprofit.  Will its attempts to shake off its paywall find similar success?
New York Times:
NYT and Amazon agree to a content licensing deal for use in Amazon's AI platforms and to bring the NYT's “content to a variety of Amazon customer experiences”  —  In 2023, The Times sued OpenAI and Microsoft for copyright infringement.  Now its editorial content will appear across Amazon platforms.
Ben Johansen / Politico:
Sources: all 800 full-time VOA staff are expected to receive reduction-in-force notices this week, after ~600 VOA contractors were dismissed earlier in May  —  The move would add to the grueling battle between the network and Trump administration.  —  All remaining staff at Voice of America …
Sarah Scire / Nieman Lab:
Interview with Times Media Group's Steve Strickbine, who employs 60 journalists across 60+ local US papers and says papers are better off diminished than dead  —  “It's just kind of the way it is.  Do we have the watchdog role?  Can we do that now in all these areas?  No. I think that's obvious."
Wall Street Journal:
Making a short AI film with tools from Google, Runway, Elevenlabs, and Midjourney shows the tech has improved but takes tedious work to attain scene consistency  —  We tried to direct an AI film with Veo and Runway.  The tools are magic.  The process is madness.  —  Welcome to the premiere of “My Robot & Me.”
Charlotte Tobitt / Press Gazette:
Immediate Media's BBC History Magazine launches a Substack and a weekly podcast, and says it has 745,000 paying online subscribers, but print remains important  —  Immediate Media's BBC History has proved again that it is not living in the past when it comes to current publishing strategies …
Discussion: Press Gazette
Lucas Shaw / Bloomberg:
A look at YouTube's changes to become viewers' preferred TV service and to appeal more to advertisers, and at creators' push into sitcoms, like Alan's Universe  —  Creators are making longer shows to meet viewers where they are: increasingly, in front of their TVs.
Lachlan Cartwright / Breaker:
Email: a senior business reporter at The New York Post says an editor spiked a story about Terry Cole, Trump's pick to lead the DEA, slated to run on March 22  —  MSNBC anchor in talks to leave; Post Trump story spiked; Telegraph owner's US Play  —  In partnership with
 
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 More News: 
Brian Steinberg / Variety:
Memo: David Leavy, who became CNN's COO in 2023, is leaving; sources say the longtime key lieutenant of David Zaslav is returning to Warner Bros. Discovery
 Earlier Picks: 
Bloomberg:
Sources: QVC is consulting advisers to explore options for its $5B+ debt; its stock has fallen 99%+ in the past four years, cutting its market cap to ~$72M
Discussion: @whoa-magic.lol
Lauren Egan / The Bulwark:
Substack aims to become the essential online arena for politics and is approaching candidates to join; Pete Buttigieg and other Democrats are on the platform
 

 
From Techmeme:

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

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

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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