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2:00 PM ET, June 23, 2025

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 Top News: 
Melissa Korn / Wall Street Journal:
News Corp extends CEO Robert Thomson's contract through June 2030, as it faces AI headwinds; Thomson joined in 2013 and his previous deal expired in June 2027  —  Thomson has pursued digital growth and focused the company on core areas of news, book publishing and digital real estate
Matt Grobar / Deadline:
Punchup Live, a ticketing and analytics platform for stand-up comedians, raised a $2.3M seed led by Social Leverage, and plans to expand into more live events  —  Led by Social Leverage, the round saw participation from all major existing investors including Hustlefund and Evil Twin Capital.
Hailey Fuchs / Politico:
Senate disclosure: Florida judge Ed Artau was lobbying for a federal judiciary nomination when he sided with Trump in the case against the Pulitzer Prize board  —  Ed Artau was already meeting with Senate staff about securing a nomination to the federal bench when he sided with Trump in a case …
Charlotte Tobitt / Press Gazette:
Will Payne, The Sun's director of digital (editorial), is leaving after almost 11 years to become deputy editor-in-chief of News Corp's New York Post Group  —  Will Payne, The Sun's director of digital (editorial), is leaving after almost 11 years to join fellow News Corp title the New York Post.
Lucas Shaw / Bloomberg:
Apple strikes a first-look deal with Peter Chernin's North Road studio, which has been aligned with Netflix for five years, to give Apple access to new films  —  The producer of Ford v. Ferrari and Back in Action moves from Netflix to Apple … North Road's Chernin Entertainment …
Pamela McClintock / The Hollywood Reporter:
AMC Theatres, facing financial pressure, reverses course and joins its rivals in adding regular ads to its pre-movie lineup, in a worrying trend for studios  —  Industry leader AMC Theatres is reversing course and joining its rivals on July 1 in adding regular ads to its pre-movie lineup in a worrisome trend for studios.
Meera Pattni / Semafor:
Semafor appoints Andrew Friedman as General Manager and Head of Public Affairs; he joins Semafor from Google, where he served on the US Elections team  —  Semafor today announced the appointment of Andrew Friedman as General Manager and Head of Public Affairs, as the global news platform accelerates …
Discussion: @davelee.me
Jody Godoy / Reuters:
The FTC approves Omnicom's $13.5B acquisition of rival Interpublic on the condition that the new company does not boycott platforms over political content  —  Omnicom's (OMC.N) $13.5 billion acquisition of rival Interpublic (IPG.N) can move forward on the condition that the new company does …
Brooks Barnes / New York Times:
Disney's Elio, which cost $250M to make and market, collected just $21M from its opening domestic weekend, per Comscore, Pixar's worst opening weekend ever  —  The original space adventure sold about $21 million in tickets at domestic theaters from Thursday night through Sunday, putting new pressure on the once-unstoppable studio.
David Marchese / New York Times:
Q&A with comedian Andrew Schulz about becoming America's “foremost political journalist”, interviewing Donald Trump and others, “podcast bros”, and more  —  Devin Oktar Yalkin for The New York Times  —  The comedian Andrew Schulz has risen to arena-headliner status …
Discussion: Daily Mail and @chrisvannini.com
Jack Buehrer / The Verge:
The music industry is developing tools to detect AI-generated music across the music pipeline, focusing on proactive licensing and control rather than takedowns  —  With no way to stop the onslaught of AI music, the industry is taking a different approach: figuring out how to make money off of it.
 
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 More News: 
Najat Kantouar / Wall Street Journal:
Axel Springer wants to double its value by 2030 through AI, long-term relationships with readers, and reducing reliance on search engines and social media
Discussion: Reuters
Max Goldbart / Deadline:
The UK reveals its long-awaited Creative Industries Sector Plan, including asking the CMA and Ofcom to review how broadcaster consolidation can benefit viewers
Discussion: Telegraph and TVNewsCheck
Tuvan Gumrukcu / Reuters:
Local media: a Turkish court arrested independent journalist Fatih Altayli over his comments on social media allegedly threatening President Tayyip Erdogan
Discussion: Bloomberg and The Indian Express
 Earlier Picks: 
Kari Lake / @karilake:
Kari Lake says termination notices were sent to 639 employees at USAGM and VOA, and that only 250 employees now remain across USAGM, VOA, and OCB
 

 
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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