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10:55 AM ET, July 15, 2025

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 Top News: 
Daniel Thomas / Financial Times:
The BBC reports 2024-25 revenue up 9% YoY to £5.9B and a £132M operating deficit, down from £263M in 2023-24; DG Tim Davie admits BBC “mistakes” after scandals  —  National broadcaster's deficit almost halved to £132mn last year
RELATED:
Michael Savage / The Guardian:
The BBC reports 23.8M licenses at the end of 2024-25, down from 24.1M in 2023-24, and license fee income of £3.8B after an inflationary fee rise, up from £3.7B  —  Annual report says pace of change amid battle with streaming rivals is ‘a moment of real jeopardy for the sector’
Discussion: Deadline, Mirror and TVBEurope
Charlotte Tobitt / Press Gazette:
In 2024-25, 50 on-air BBC journalists earned above £178K, up from 46 in 2023-24; Nick Robinson and Fiona Bruce were the top-paid following Huw Edwards' exit  —  Nick Robinson and Fiona Bruce are now the highest-paid journalists at the BBC after the departure of Huw Edwards, according to the BBC annual report for 2024/25.
Jaspreet Singh / Reuters:
News Corp authorizes a $1B stock repurchase program; the total authorization now stands at $1.3B as ~$303M is remaining under the September 2021 buyback plan  —  News Corp (NWSA.O) said on Tuesday its board has authorized a new $1 billion stock repurchase program.
Discussion: The Wrap and News Corp
David Bauder / Associated Press:
Nextdoor unveils a redesign and a partnership with 3,500+ local news providers across the US, the UK, and Canada that will contribute material to the app  —  Nextdoor, the social media site that aims to create connections among neighbors, is trying to shake off an uneven past and a nagging sense it is being underutilized.
Wall Street Journal:
China has expanded its media operations globally, filling the void left by Trump dismantling US-funded outlets in countries like Thailand and Nigeria  —  Chinese state media has expanded its reach from Indonesia to Nigeria after Trump's March order to dismantle U.S. government-funded outlets
Ken Bensinger / New York Times:
A look at Trump Media's Truth+ streamer as it launches globally, featuring Newsmax, OANN, and ten other channels in its $9.99/month Patriot Package  —  In the streaming era, incremental news from a tiny upstart with limited content, few bells and whistles, and zero original programming normally wouldn't command too much attention.
Sarah Perez / TechCrunch:
Google adds featured notebooks to NotebookLM from publications, including The Economist and The Atlantic, as well as professors, authors, and select works  —  Google is transforming its popular AI-powered research and note-taking assistant, NotebookLM, into more of a destination.
Angela Fu / Poynter:
Some non-citizen journalists working in the US are self-censoring, wiping their social media accounts, canceling travel plans, and more, fearing deportation  —  Non-citizen journalists working in the U.S. report wiping their social media accounts, canceling travel plans and pulling bylines
 
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 More News: 
Sarah Perez / TechCrunch:
Meta says it has taken down around 10M Facebook profiles so far this year that were impersonating or repeatedly reusing content from large content producers
Sara Fischer / Axios:
The Information launches its first live video product, TITV, hosted by reporter Akash Pasricha and streamed on YouTube, X, and The Information's website
 Earlier Picks: 
Max Tani / Semafor:
Kaleidoscope, a podcasting startup that focuses on adventure stories and other forms of narrative podcasting, raised a $5M Series A
Todd Spangler / Variety:
Moonvalley, which is developing “ethical” AI video models trained on licensed content, raised $84M led by General Catalyst, bringing its total funding to $154M
Alex Weprin / The Hollywood Reporter:
ABC News launches What You Need to Know, a daily news program on Disney+, streaming weekdays at 6am ET, with each episode available for 24 hours
Brian Stelter / CNN:
Some right-wing media stars, whose conspiracy theories helped put Trump in power, are rejecting his call to stop wasting “time and energy on Jeffrey Epstein”
 

 
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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