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12:55 AM ET, July 12, 2025

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 Top News: 
New York Times:
Sources: David Ellison, the CEO of Skydance, has recently held early discussions about acquiring Bari Weiss' The Free Press  —  David Ellison, the founder of Skydance, and Bari Weiss, the co-founder of The Free Press, are attending the annual Allen & Co. conference in Sun Valley this week.
Lindsey Holden / Politico:
A judge grants a temporary restraining order against LAPD, ruling that they can't force journalists out of protest areas or use nonlethal weapons against them  —  “When journalists persisted in documenting the protests, it appears from the evidence presented that they faced an onslaught …
Bloomberg:
Sources: Legendary Entertainment is considering acquiring Lionsgate Studios after Lionsgate finalized its split from Starz; Lionsgate has a market cap of $1.8B  —  Legendary Entertainment LLC, the independent film and TV studio behind the Dune trilogy and A Minecraft Movie …
Ted Johnson / Deadline:
In a post, Donald Trump says he will withhold support and endorsements for any Republican who votes against his bill to claw back CPB funding  —  The Senate next week is expected to consider a package to rescind $9.4 billion in funding, including $1.1 billion already allocated to the Corporation …
Brande Victorian / The Hollywood Reporter:
South Park is no longer available on Paramount+ outside the US, as sources say the platform's license to stream the series internationally has expired  —  Amid a streaming rights battle, the platform's license to stream the series internationally has expired, sources tell The Hollywood Reporter.
Discussion: The Wrap and Comic Book
Clyde Haberman / New York Times:
David Gergen, a frequent political commentator on CNN and PBS who helped shape the public images of four US presidents, has died at 83 from Lewy body dementia  —  He served under Nixon, Ford, Reagan and Clinton before becoming a top editor and a familiar TV pundit.  “Centrism doesn't mean splitting the difference,” he said.
Dylan Byers / Puck:
Sources: Apple has offered Liberty Media $150M/year for the US rights to stream F1 starting in 2026, far above the $85M to $90M/year ESPN is currently paying  —  With ESPN unwilling to match Tim Cook and Eddy Cue's offer, the U.S. rights to Formula One are almost certainly headed to Apple's streamer …
Michael Savage / The Guardian:
Sources: the BBC's board has approved a significant outsourcing drive and is in talks with US tech giants as partners, seeking urgent savings  —  Exclusive: BBC understood to be speaking to US tech giants as it desperately seeks cost savings  —  The BBC is examining a significant outsourcing drive …
Foo Yun Chee / Reuters:
Sources: Meta won't propose additional changes to its pay-or-consent model in the EU, and could face fresh antitrust charges and hefty daily fines  —  Meta Platforms (META.O) is very unlikely to offer more changes to its pay-or-consent model, meaning it is almost certain to be hit …
Dominic Ponsford / Press Gazette:
A look at Radio Times parent company Immediate Media, which had adjusted profit of ~£36M in 2024 and 745K digital subscribers, out of 1.3M total subscribers  —  Magazine publishing nowadays is generally either a story of decline or one of pedalling ever faster to stand still.
The Hollywood Reporter:
A profile of Sean O'Brien, the pro-Trump leader of Teamsters union and one of the very few Hollywood emissaries with the clout to lobby Trump for tax credits  —  Sean O'Brien, the colorful and combative leader of the International Brotherhood of Teamsters, is providing an unexpected line to the White House.
 
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 More News: 
Charlotte Tobitt / Press Gazette:
A look at ProRata's recently launched Gist AI answer widget, which it hopes publishers will feature on their pages, arguing it helps with reader retention
Muck Rack:
In 2025, the US has 8.2 journalists per 100K residents on average, down from 40 in 2002; 33% of US counties don't have even one full-time journalist
Aisha Malik / TechCrunch:
YouTube will remove its Trending page and Trending Now list in favor of category-specific charts, says it better aligns with the way content is discovered now
Corbin Bolies / The Daily Beast:
Joe Davidson, a longtime Washington Post columnist, says he resigned after a column he wrote about Trump's policies was blocked for being “too opinionated”
Alex Welch / The Wrap:
A judge rules Don Lemon's lawsuit against Elon Musk and X can proceed to trial, after Musk canceled a $1.5M/year exclusive X content deal with Lemon in 2024
 Earlier Picks: 
Amy Hollyfield / Dallas Morning News:
Dallas Morning News parent company DallasNews Corporation signs a merger agreement to be acquired by Hearst, in a deal that values it at $74.9M
 

 
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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