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8:35 PM ET, July 22, 2025

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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 …
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
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 …
Lesley Goldberg / The Ankler:
Sources: CBS decided to end The Late Show on June 27, before the 60 Minutes settlement, but Colbert's agent only informed him after he taped the July 16 episode  —  SCOOP: James Dixon waited two weeks to tell his star and more new details about who knew what and when, and what comes next
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.”
Financial Times:
Sources: Bari Weiss is seeking a valuation of between $200M and $250M for The Free Press amid talks with Skydance CEO David Ellison over a potential sale  —  ‘Anti-woke’ journalist holds talks with incoming CBS owner David Ellison over sale of new media venture
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 …
Joe Flint / Wall Street Journal:
Trump says he anticipates receiving $20M in ads and PSAs from Skydance, bringing the cost of the 60 Minutes settlement to $36M  —  President posts on social media that he will receive more than the already agreed to $16 million payment  —  President Trump said that he anticipates receiving advertising …
Nick Spicer / NPR:
Agence France-Presse calls on the Israeli government to allow its freelance journalists to leave the Gaza Strip because of a worsening hunger crisis there  —  French news agency Agence France-Presse is calling on the Israeli government to allow its freelance journalists to leave the Gaza Strip …
Ben Mullin / @benmullin:
Memo: The Washington Post's Matt Murray says Krissah Thompson, head of WP Ventures, the paper's “third newsroom”, will leave the company at the end of the month  —  Washington Post executive editor Matt Murray says WP Ventures head Krissah Thompson is leaving The Washington Post [image]
Discussion: Axios and @wabjdc
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.
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.
 
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 More News: 
Mike Scarcella / Reuters:
A full US Court of Appeals keeps in place a June 6 decision that let Trump bar the AP from the Oval Office; a Supreme Court appeal is possible
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%
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
 Earlier Picks: 
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
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
 

 
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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