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11:15 AM ET, May 31, 2025

Mediagazer

 Top News: 
Sara Fischer / Axios:
PBS and a public TV affiliate in Minnesota sue the Trump administration, saying his executive order to cut federal funding violated PBS' First Amendment rights  —  The nonprofit Public Broadcasting Service (PBS) and one of its local affiliates on Friday said they sued the Trump administration …
Max Tani / Semafor:
The California State Senate opens an inquiry into whether Paramount's reported $15M proposed settlement with Trump violated bribery and unfair competition laws  —  The Scoop  —  The California State Senate has invited two former top CBS figures to testify in a new inquiry into whether …
Chris Willman / Variety:
Taylor Swift acquires the rights to her first six albums from Shamrock Capital; sources say the deal was in the mid-$300M range  —  The deal with Shamrock Holdings was a triumph for Swift after six years of turmoil in which her catalog had been sold and resold.  The final price tag came at what she considered a reasonable price.
Rory Carroll / The Guardian:
Former Sinn Féin leader Gerry Adams wins a defamation case against the BBC over a documentary that claimed that Adams had sanctioned an MI5 informant's murder  —  Former Sinn Féin leader sued broadcaster over allegation in documentary that he sanctioned murder of MI5 informant
The Bookseller:
Boundless, which bought crowdfunding publisher Unbound in March, tells authors that royalties accrued before March won't be paid until Boundless is cash stable  —  Authors published by the crowdfunding publisher Unbound will not receive historic royalty payments for sales of their books …
Matthew Keys / The Desk:
Nexstar has deleted references to DEI and data on its workforce composition from its site; it is interested in acquisitions that are subject to FCC approval  —  Nexstar Media Group is the latest major media and entertainment company to soften its diversity, equity and inclusiveness (DEI) …
Discussion: TVNewsCheck
Alex Weprin / The Hollywood Reporter:
Former MSNBC host Joy Reid plans to launch The Joy Reid Show, a new video podcast, on June 9, streaming on YouTube and other major podcast platforms  —  The former MSNBC host will launch ‘The Joy Reid Show’ next month, with plans to expand to five days per week later this year.
Chris Gardner / The Hollywood Reporter:
McClatchy will shutter In Touch, Life & Style, Closer, and First for Women in June, laying off their staffs, after acquiring the titles in a December merger  —  “Despite the best efforts of many of our talented colleagues, we have been unable to develop a profitable business model for four …
Christopher Grimes / Financial Times:
Art house streaming service and distributor Mubi raised $100M led by Sequoia at a $1B valuation; Mubi has about 20M registered users worldwide  —  Capital infusion led by Silicon Valley firm comes after box office success of ‘The Substance’  —  Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Discussion: GQ
Mark Stenberg / Adweek:
The Arena Group settled its lawsuit against Authentic Brands in late April over Sports Illustrated licensing fees, saying the financial terms are “not material”  —  The media company was locked in a $249 million standoff with Authentic Brands Group over unpaid licensing fees
Todd Spangler / Variety:
Starz reports Q4 revenue down 6.2% YoY to $330.6M, an operating loss of $136.3M, up from $30.8M, and 13.04M streaming subscribers, up 470K from Q3  —  Starz, fresh off its separation from former parent company Lionsgate, reported results for the first three months of the year.
 
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 More News: 
Mia Sato / The Verge:
Two rival Amazon influencers seek to dismiss their 2024 copyright case, where one accused the other of posting similar promotional content for the same products
Pew Research Center:
Share of news influencers on Bluesky has doubled after the 2024 US election to 43%, but X remains popular, with 82% of news influencers maintaining an account
 Earlier Picks: 
Thomas Buckley / Bloomberg:
Disney launches a new perks program for Disney+ US subscribers, offering discounts, free items, and more; Hulu plans to debut its own perks program on June 2
Aisha Malik / TechCrunch:
YouTube plans to roll out Google Lens integration to Shorts in the coming weeks, allowing users to search for elements within Shorts
Todd Spangler / Variety:
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”
New York Times:
The New York Times agrees to license editorial content to Amazon for use in its AI platforms, marking NYT's first licensing deal with a focus on generative AI
 

 
From Techmeme:

Ashley Gold / Axios:
New York Gov. Kathy Hochul signs the RAISE Act into law; the AI safety bill's text was modified earlier to more closely resemble California's SB 53

Beatrice Nolan / Fortune:
Cursor-developer Anysphere acquires code review startup Graphite and says Graphite will continue operating as an independent product

Andrej Karpathy / karpathy:
2025 LLM Year in Review: shift toward RLVR, Claude Code emerged as the first convincing example of an LLM agent, Nano Banana was paradigm shifting, and more
 
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