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1:15 PM ET, July 2, 2025

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 Top News: 
Meg James / Los Angeles Times:
Paramount agrees to pay Trump $16M to settle his 60 Minutes lawsuit, stating the money will go to his future presidential library, without offering an apology  —  Paramount Global has agreed to pay President Trump $16 million to end his lawsuit over edits to a “60 Minutes” interview …
Discussion: New York Times, CBS News, Status, @southpark, Sportico, Financial Times, Mediaite, Wall Street Journal, The Wrap, Screen Rant, Reuters, Washington Post, The Wrap, Awful Announcing, Axios, Truthout, @brianstelter, @maxwelltani, Politico, @agomezfcc, @agomezfcc, @agomezfcc, @agomezfcc, @freedomofpress, @joshualistening, @johnjharwood, @greenfield64, @adamkinzinger, @donwinslow, @greenfield64, BBC, @rbreich.bsky.social, @warren.senate.gov, @boom-whatsgoingon.bsky.social, ZeroHedge News, CNN, Breitbart, Deadline, @jayrosen.bsky.social, Engadget, Committee to Protect …, @rygraham.bsky.social, Variety, The Post Millennial, twitchy.com, Euronews, @jeremymbarr, @nitishpahwa.com, @sherman4949, @klasfeldreports, @maxwelltani, @scottgreenfield, @oliverdarcy.bsky.social, @brianstelter, @brianbeutler.bsky.social, @sherman4949, @timkarr.bsky.social, HuffPost, @isaacdovere.bsky.social, @jeremymbarr, @jeremymbarr, NBC News, Cord Cutters News, Raw Story, @paulthedogman.bsky.social, @chriscillizza, @flingjore.com, Newser, UPI, @karlbode.com, The Federalist, Deadline, Los Angeles Times on LinkedIn, @czedwards.bsky.social, @wooftom57.bsky.social, @maxtani.bsky.social, TheDesk.net, Times of India, Lauren Hirsch on LinkedIn, @zkarlinn, @davidenrich, @victorpickard.bsky.social, @lokman.org, @pwnallthethings.bsky.social, @aram@aoir.social, @acosta, @maxwelltani, @sarafischer, @mathandstuff.bsky.social, The Gateway Pundit, Media Play News, TVNewsCheck, Benzinga, Forbes, Adweek, The Washington Free Beacon, Semafor, NPR, The Independent, USA Today and NOTUS
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David Folkenflik / NPR:
Paramount says its settlement does not include a statement of apology or regret and 60 Minutes will release transcripts of presidential candidates in the future  —  Paramount Global, the parent company of CBS News, said it has agreed to pay $16 million to President Trump's foundation …
Brian Steinberg / Variety:
WGA East, which represents CBS News writers, says the Paramount settlement is a “transparent attempt to curry favors” with Trump to get Skydance merger approved  —  The familiar tick-tick-tick of the famous stopwatch that has been part of “60 Minutes” for decades may give way to a new sound: a loud alarm.
Todd Spangler / Variety:
George Cheeks addresses Paramount's Trump lawsuit settlement, saying companies often settle to avoid “the high and somewhat unpredictable cost of legal defense”  —  Nine hours after Paramount Global announced a $16 million payment to President Donald Trump to settle his “60 Minutes” …
Kerry Flynn / Axios:
G/O Media sells gaming news site Kotaku to Keleops, the European company that acquired Gizmodo in 2024, leaving G/O Media with just one property, The Root  —  - Kleis declined to share the purchase price of the all-cash deal. … - “I like to trust people, and I know that people in this industry …
Andrew Deck / Nieman Lab:
Law360 now requires every story go through an AI-powered “bias” detection tool before publication after a LexisNexis exec accused the newsroom of liberal bias  —  The policy was announced after an executive accused the newsroom of bias in its Trump administration coverage.
Bloomberg:
Google ends its Recipe Quick View pilot, which showed full recipes directly in search results, after some bloggers feared it would reduce traffic and ad revenue  —  Google has ended tests of a feature that would have let users open a snapshot of cooking-recipe content directly in web search results …
The Information:
Kargo: ad prices fell 4.4% on FAST channels and grew 4.5% on VOD from May to June as big-name subscription services compete with FAST channels for ad dollars  —  Until recently, it seemed video streaming had a channel for every taste.  Fans of the 1970s Western drama “Little House on the Prairie …
Lucas Shaw / Bloomberg:
Comedy Central delays the Season 27 premiere of South Park from July 9 to July 23, citing complications from the pending Paramount and Skydance merger  —  Comedy Central has delayed the upcoming debut of the new season of South Park, prompting a vitriolic response from the show's creators.
Jessica Toonkel / Wall Street Journal:
Sources: Netflix has held talks with Spotify about partnering on projects such as a music awards show, as it adds content that was core to the cable bundle  —  The streamer has had talks with Spotify about partnering on events  —  Netflix ascended by offering prestige TV and movies on demand for a monthly fee.
Tara Conlan / The Guardian:
Over 400 media figures urge the BBC board to remove Robbie Gibb over conflict of interest regarding Gaza coverage, citing his “close ties” to Jewish Chronicle  —  Miriam Margolyes, Alexei Sayle and Mike Leigh among signatories to letter criticising Jewish Chronicle ties
 
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 More News: 
Kurt Wagner / Bloomberg:
X says it will start to publish Community Notes written by AI agents and developers will soon be able to submit their own AI agents for the company to review
Financial Times:
Warner Music and Bain announce a $1.2B joint venture to buy song rights; sources: Warner is in talks to acquire the Red Hot Chili Peppers' catalog for $300M+
 Earlier Picks: 
Ethan Millman / The Hollywood Reporter:
Apple unveils Apple Music Studios in Culver City, CA, where musicians can come for radio interviews, to record new music, do photo shoots, and film content
Maxwell Zeff / TechCrunch:
Cloudflare debuts “Pay per Crawl”, a marketplace that lets sites charge AI crawlers per crawl; new sites using Cloudflare will now block AI crawlers by default
Alice Brooker / Press Gazette:
An interview with Mediahuis Ireland CEO Peter Vandermeersch on the Belfast Telegraph reaching 100K digital subscribers, plans to reach 200K by 2030, and more
Gene Maddaus / Variety:
Trump pulls a federal lawsuit against the Des Moines Register and Ann Selzer, and refiles in state court, a day before Iowa's anti-SLAPP statute takes effect
 

 
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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