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12:45 PM ET, July 22, 2025

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 Top News: 
Variety:
Patrick Soon-Shiong says the LA Times will go public “over the next year” and it is now “working through with an organization” to put a plan together  —  The Los Angeles Times will become a publicly traded company, its billionaire owner Patrick Soon-Shiong announced on “The Daily Show.”
Benjamin Mullin / New York Times:
Sources: Edith Chapin, NPR's top editor and acting chief content officer, will leave the organization later this year  —  Edith Chapin, who is also acting chief content officer, has been editor in chief of the public radio network since 2023.  —  Edith Chapin, the top editor …
New York Times:
Dave Jorgenson, who leads WaPo's TikTok and YouTube presence, plans to leave next month to start a company based on his YouTube channel Local News International  —  Dave Jorgenson is leaving The Post next month to start an online video company based on his personal YouTube channel, Local News International.
Bloomberg:
Sources: Google is seeking to recruit news organizations for a new licensing project related to AI, and plans to launch a pilot initially with ~20 US outlets  —  The company has ramped up its overtures to news organizations in recent months  —  Google is seeking to recruit news organizations …
Meg James / Los Angeles Times:
Sources: Paramount will pay $300M a year for five years to bring global streaming rights for South Park to Paramount+, including US rights for the first time  —  The creators of Comedy Central's “South Park” reached a breakthrough Monday in the tense negotiations over the streaming rights of the long-running satirical cartoon.
Politico:
The White House removes the WSJ from the pool of reporters covering Trump's trip to Scotland, saying it is due to the WSJ's “fake and defamatory conduct”  —  But the White House, which earlier this year took over control of pool rotations from the White House Correspondents' Association …
Nate Silver / Silver Bulletin:
Economics and politics may have contributed to the cancelation of Colbert's show, but mainstream liberal comedy shows are fading amid the death of mass culture  —  Economics played a role.  Politics might have, too.  But mainstream liberal comedy has struggled between the death of mass culture and the rise of Trump.
Lautaro Grinspan / Atlanta Journal-Constitution:
An interview with Mario Guevara, who faces deportation to El Salvador and says ICE detained him as direct retaliation for his coverage of the agency's raids  —  In an exclusive interview from an ICE detention facility, Mario Guevara talks about his month behind bars and his once positive feelings toward Donald Trump.
Anthony Hughes / Bloomberg:
Amsterdam-listed firm Universal Music Group files confidentially for a US listing, which would fulfill the terms of a deal with Bill Ackman's Pershing Square  —  Universal Music Group NV has filed confidentially for a US listing, which would fulfill the terms of a deal with billionaire Bill Ackman's hedge fund Pershing Square.
Samuel Stolton / Bloomberg:
The EU opens a full-scale investigation into UMG's $775M acquisition of Downtown Music over concerns the deal could negatively impact competition in the market  —  Universal Music Group's $775 million bid for Downtown Music Holdings faces a full-scale investigation by European Union watchdogs …
 
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 More News: 
Aleef Jahan / Reuters:
Zee Entertainment reports Q1 revenue down 14% YoY to ~$214.24M, ad revenue down 17%, net profit up 22%, and Zee5 revenue up 30%; Zee's shares closed down 5.7%
Bloomberg:
Sources: Oracle is in talks with Skydance for a $100M per year deal for Paramount to use Oracle's cloud software if the Skydance-Paramount merger goes through
Zach Vallese / CNBC:
Google removed 20 YouTube channels, 4 Ads accounts, and 1 Blogger blog linked to RT in May, and thousands more channels tied to state propaganda campaigns in Q2
Rachel Metz / Bloomberg:
Source: Netflix is using Runway AI's video generation tools for production; Disney is testing out the tools and talked with Runway about possible uses for them
 Earlier Picks: 
 

 
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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