Top News:
Irie Sentner / Politico:
Trump says he will sue the WSJ and Rupert Murdoch over a story alleging he sent a racy letter to Jeffrey Epstein and claims he warned them the letter was “fake” — “President Trump has already beaten George Stephanopoulos/ABC, 60 Minutes/CBS, and others, and looks forward to suing …
Discussion:
Wall Street Journal, Newsweek, @realDonaldTrump …, CNN, New Jersey Online, The Bulwark, @realDonaldTrump …, MSNBC, Daily Mail, IJR, Daily Caller News Foundation, RADAR, Status, NewsMax.com, Straight Arrow News, Time, PennLive, Mirror, UPI, NPR, @reckless.bsky.social, Australian Financial Review, Scripps News, Alternet.org, Sky News, Financial Times, The Wrap, Le·gal In·sur·rec·tion, NDTV Profit, KTVU-TV, twitchy.com, @anonopsse.bsky.social, Axios, The Indian Express, Off Message, One America News Network, Breitbart, Rolling Stone, Al Jazeera, @keachhagey, Reuters, @reckless.bsky.social, The Guardian, Mediaite, NBC News, USA Today, Los Angeles Times, The Gateway Pundit, Raw Story, @jlazarus.bsky.social, 9News, RedState, Townhall, Deadline, @schooley.bsky.social, MSNBC, IJR, Townhall, Politico, Blaze Media, Washington Times, The Post Millennial, @chrislhayes.bsky.social, People, Advocate, @adamsteinbaugh.bsky.social, CNBC, Raw Story, RedState, Mediaite, The Parnas Perspective, RADAR, The Wrap, al.com, PoliticusUSA, The Bulwark, @jeremyschulman.bsky.social, @daviddewitt.bsky.social, @KimPerales@toad.social, Alternet.org, Forbes, The Hill, @robertscotthorton.bsky.social, @meidastouch.com, @passantino.bsky.social, @oliverdarcy.bsky.social and The Independent
NBC News:
The US House passes a Senate-approved bill to strip $1.1B from the CPB, hitting 1,500 local stations, PBS, and NPR; it now awaits President Trump's approval — The $9 billion package passed the House and the Senate with only Republican votes through the rarely used “rescissions” process.
Discussion:
New York Times, NPR, New York Times, TV Tech, Variety, TVNewsCheck, Deadline, TV Tech, Mediaite, The Guardian, Billboard, NPR, TheDesk.net, Radio & Television …, Alabama Political Reporter, The Gateway Pundit, @tylerborchers.com, PhillyVoice, Poynter, Daily Caller News Foundation, @mcpli.bsky.social, MSNBC, Free Press Action Fund Feed, The Hill, About PBS, @sahilkapur.bsky.social, @brianstelter, 24sight News, @benmullin, New York Post, @marshablackburn, @brianstelter, @4nsmiley.bsky.social, The Wrap, @firstsquawk, @geoffrbennett, Roll Call, Newsweek, Politico, @maxwelltani, @karrieurbanist.bsky.social, Axios, Bloomberg, @joffirphd.bsky.social, @davidfolkenflik, IJR, MPR News, Newser, twitchy.com, Reason, The Wrap, Ars Technica, @hansilowang.bsky.social, Lila Hassan on LinkedIn, ABC News, al.com, Free Press Action Fund Feed, Bloomberg, The Hill, Werd I/O, Cord Cutters News, @bera.house.gov, Inside Radio, @sanwil.bsky.social, Consequence, Breitbart, @lmcgaughy.bsky.social, @cbcstephenquinn.bsky.social, The Post Millennial, @stacykess.bsky.social, The Movie Blog, @davidakaye.bsky.social, Digital Music News, Jim Friedlich on LinkedIn, SFist, Krishan Arora on LinkedIn, @rickstengel.bsky.social, The Free Press, National Review, Salt Lake Tribune, Barrett Media, Deseret News, @jewishdems.bsky.social, Financial Times, @indivcentraloh.bsky.social and Variety
RELATED:
Ethan Beck / Washington Post:
CPB's funding rescission threatens indie musicians and public radio stations that play indie music as CPB covers music licensing fees, costing ~$20M per year — If the rescission bill passes, $1.1 billion of funding will be cut from the Corporation for Public Broadcasting, limiting public radio's ability to license music.
Peter White / Deadline:
CBS says The Late Show with Stephen Colbert is ending in May 2026 and that this was “purely a financial decision against a challenging backdrop in late night” — In a shocking move, The Late Show with Stephen Colbert will end in May. — “The Late Show With Stephen Colbert …
Discussion:
Variety, New York Times, Screen Rant, The Wrap, Radio & Television …, Adweek, NPR, The Hollywood Reporter, RedState, PJ Media, WXIA-TV, CBS News, Townhall, Rolling Stone, IJR, Associated Press, Hollywood Life, @niemanlab.org, Page Six, Le·gal In·sur·rec·tion, TV Insider, @kentremendous.bsky.social, Forbes, Gamereactor UK, New York Post, @wjcarter, Business Insider, @junkboxjim.bsky.social, RADAR, RTÉ, 9News, Pitchfork, @bigdgrandroyal.bsky.social, @maxwelltani, Brian Steinberg on LinkedIn, HuffPost, Us Weekly, San Francisco Examiner, The US Sun, Washington Examiner, Digital Music News, @heerjeet, @adamsteinbaugh, @karrieurbanist.bsky.social, @robwarrior.bsky.social, LateNighter, Mashable, Alex Kruglov on LinkedIn, @luckytran.com, @mjfree.bsky.social, Instapundit, KTVU-TV, Mirror, New Jersey Online, The Guardian, @brunojnavarro.bsky.social, ME, @ryanlcooper.com, Vanity Fair, @fieldsmeyer.com, TV Blackbox, Newsbusters, TODAY.com, Billboard, That Park Place, @bencollins.bsky.social, TMZ.com, Alternet.org, Cord Cutters News, Mercury News, E! Online, @jeffjarvis@mastodon.social, @echamp.bsky.social, @roxanegay.bsky.social, Daily Caller News Foundation, @jdesmarteau.com, UPI, NBC Bay Area, @emilynussbaum.bsky.social, Soaps.com, Axios, WFAA-TV, PennLive, @markjacob.bsky.social, @paleofuture.bsky.social, CNN, The Hill, The Wrap, Reuters, @paleofuture.bsky.social, TVLine, Justin's Entertainment Corner, Fox News, Bloomberg, Straight Arrow News, FemaleFirst, The Post Millennial, TV Tonight and The Daily Northwestern
Sarah Whitten / CNBC:
Netflix reports Q2 revenue up 16% YoY to $11.08B, vs. $11.07B est., net income of $3.13B, and forecasts 2025 revenue of $44.8B-$45.2B, up from $43.5B-$44.5B — - CNBC Councils — CNBC on Peacock — Join the CNBC Panel — Supply Chain Values — Select Shopping — Ad Choices
Discussion:
Yahoo Finance, The Hollywood Reporter, @loudmouthjulia, @loudmouthjulia, @lucas_shaw, @lucas_shaw, UPI, Motley Fool, Investor's Business Daily, Benzinga, ZeroHedge News, The Information, New York Times, The Wrap, Deadline, Bloomberg, Variety, Financial Times and Netflix, more at Techmeme »
RELATED:
Emma Roth / The Verge:
Netflix says it's on track to double its advertising revenue this year and that it will roll out interactive ads in the second half of 2025 — Older Netflix shows like Orange is the New Black and Ozark have racked up over 100 million hours so far in 2025, as its Q2 revenue passed $11 billion.
Discussion:
About Netflix, Decode TV, Barron's Online, Observer, Storyboard18, Mumbrella, PYMNTS.com, Morningstar, Inc., BMI, Sharecafe, CNET, Axios, Media Play News, Los Angeles Times, TV Tech, Adweek, Deadline, Proactive and Business Insider, more at Techmeme »
Brian Steinberg / Variety:
CNBC names David Cho, most recently the EIC of Barron's, as its EIC, replacing both Dan Colarusso and Jay Yarow, ahead of CNBC's planned spin-off into Versant — CNBC heads toward market close with a new executive about to come on board to manage its editorial ups and downs.
Discussion:
Talking Biz News, @jyarow, @dawn_kopecki, @benmullin, Talking Biz News, Talking Biz News and CNBC
Reuters:
Report: David Rhodes, Sky News executive chairman and former CBS News president, is in talks to lead CBS News if the Skydance/Paramount merger goes through — David Rhodes, Sky News executive chairman and former CBS News head, is in talks to run CBS News again if the Skydance acquisition …
Mark Sweney / The Guardian:
Netflix used AI tools for the first time in one of its TV shows, for a VFX sequence; Ted Sarandos says the VFX costs would have been too high otherwise — Firm says technology used in El Eternauta is chance ‘to help creators make films and series better, not just cheaper’
Discussion:
TechCrunch, City A.M., TechRadar, The Hans India, EasternEye, Cryptopolitan, The Hollywood Reporter, @derfbackderf.bsky.social, The Independent, Leadership Newspapers, @iansociologo.bsky.social, T3, The Tab, PetaPixel, Reuters, Ukrainian National News, Livemint, TechIssuesToday.com and BBC, more at Techmeme »
Etan Vlessing / The Hollywood Reporter:
Lionsgate Motion Picture Group names Erin Westerman president, replacing Nathan Kahane who steps down by the end of 2025; Westerman joined the company in 2017 — The Hollywood veteran replaces Nathan Kahane after he announced plans to step down by the end of the year.
Discussion:
Variety, Media Play News, The Wrap and Deadline
Josef Adalian / Vulture:
Peacock will raise prices by $3 per month for new users starting July 23 and test a $7.99/month ad-supported “Select” tier without sports and some other content — This story ran in Buffering, Vulture's newsletter about the streaming industry. Head to vulture.com/buffering and subscribe today!
Emma Roth / The Verge:
The News/Media Alliance says the webhost of 12ft.io, which helped users bypass paywalls, took down the site on July 14 following the trade association's efforts — The News/Media Alliance says it will take action against similar tools in the future.
Discussion:
News/Media Alliance, Press Gazette, @newsalliance and @quinnypig.com, more at Techmeme »
