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Dan Mangan / CNBC:
Trump files a libel lawsuit against Rupert Murdoch, Dow Jones, and WSJ reporters who wrote an article saying that Trump sent Jeffrey Epstein a “bawdy” letter — President Donald Trump on Friday followed through on his threat to sue media mogul Rupert Murdoch …
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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.
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Jim Rutenberg / New York Times:
A look at GOP efforts to cut NPR and PBS funding, dating back to Nixon; the cuts succeeded now due to Trump's grip on the GOP and the increase in media sources — They tried under Ronald Reagan and George H.W. Bush and George W. Bush. Newt Gingrich gave it a go when he controlled the House …
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.
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New York Times:
A map of areas at risk of losing public radio and TV access due to CPB cuts and a chart of the average share of station funding from federal sources by state — President Trump's proposal to eliminate federal funding for public broadcasters threatens scores of radio and TV stations across …
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 …
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Peter White / Deadline:
The WGA says The Late Show's cancellation is a “bribe” as Paramount seeks merger approval and calls for NY State AG Letitia James to launch an investigation — The Writers Guild of America has slammed Paramount's decision to cancel The Late Show with Stephen Colbert.
Alan Sepinwall / Rolling Stone:
The Late Show's cancellation is both a quid pro quo to get FCC approval for the Skydance merger and the beginning of the end for the late night format — Yes, the long reign of late-night has been coming to a slow end due to the internet, but don't be fooled: There's much more than money at the root of this show's demise
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Matthew Belloni / Puck:
Canceling The Late Show With Stephen Colbert makes sense from a business perspective as the show costs $100M+ per year to produce while losing $40M+ per year — As Paramount prepares to remake itself, David Rhodes has emerged as a likely successor at CBS News, possibly advised by Bari Weiss.
Mark Sweney / The Guardian:
Ted Sarandos says The Eternaut featured the first GenAI final footage in a Netflix original and that 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’
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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
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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
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Zac Bowden / Windows Central:
Microsoft shuts down the Movies & TV storefront on the Microsoft Store on Windows and Xbox; users will continue to be able to access their past purchases — After 12 years, Microsoft is shutting down its storefront that let Windows and Xbox users buy or rent Movies & TV shows natively on the platform.
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Jonathan Stempel / Reuters:
A federal judge dismisses Trump's ~$50M 2023 lawsuit against Bob Woodward for publishing tapes from interviews for his 2020 book Rage as an audiobook — Donald Trump cannot pursue his nearly $50 million lawsuit against the journalist Bob Woodward for publishing tapes from interviews for his 2020 best-seller …
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