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3:00 PM ET, July 29, 2025

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 Top News: 
Katherine Sayre / Wall Street Journal:
Spotify reports Q2 revenue up 10% YoY to €4.2B, MAUs up 11% YoY to 696M, subscribers up 12% YoY to 276M, and an €86M net loss; SPOT drops 9%+ after missing est.  —  The audio streaming service added more listeners than it had forecast, but reported a net loss for the second quarter
RELATED:
Jesse Whittock / Deadline:
France's TF1 Group reports H1 2025 revenue up 0.1% YoY to €1.1B, media division revenue down 0.9% YoY to €975M, and Studio TF1 revenue up 6.4% YoY to €128M  —  France's TF1 Group posted half-year revenue of €1.1B ($1.3B), with dips at its media arm offset by growth at its newly refurbished studios division.
Discussion: Variety and TF1 Group
Amy Hollyfield / Dallas Morning News:
DallasNews Corporation board rejects Alden-owned MediaNews's bid and accepts an improved merger deal from Hearst, which raised its offer from $14 to $15/share  —  The board also voted to implement a shareholder rights plan to hold off Alden.  —  DallasNews Corporation announced Monday …
Reuters:
Canal+ reports H1 2025 revenue down 3.3% YoY to €3.09B, free cash flow of €370M, up from €128M in H1 2024, and expects FY 2025 EBITA of ~€515M; CAN jumps 6%+  —  French pay-TV company Canal+ (CAN.L) reported a jump in free cash flow in the first half even as revenue fell …
Jill Goldsmith / Deadline:
Disney says it has completed its 2025-2026 Upfronts with streaming accounting for more than 40% of total volume and sports advertising nearing $4B  —  Disney Advertising said it's completed its 2025-2026 Upfront with overall volume consisted with the year before despite increased sales in sports and streaming.
Rocket Drew / The Information:
Runway and Luma AI say they are talking to robotics and self-driving car companies about their video models and expect these revenue sources to eclipse studios  —  Imax on Monday announced that it would screen the winning films from Runway's AI-generated film festival at some of its theaters.
RELATED:
Dade Hayes / Deadline:
Imax partners with Runway AI to screen 10 films selected as finalists in the company's AI Film Festival at 10 Imax locations across the US
Sean Burch / The Wrap:
The Washington Post's Fact Checker Glenn Kessler is leaving the paper after over 27 years, having taken a buyout, and is “not sure” if his role will be replaced  —  But we couldn't work out an agreement," Glenn Kessler says  —  Another prominent Washington Post staffer is exiting the paper.
Naman Ramachandran / Variety:
Bollywood star Aamir Khan's hit Sitaare Zameen Par will be released exclusively on YouTube for digital rental on August 1, sidestepping traditional streamers  —  Bollywood superstar's latest theatrical hit will be available exclusively on YouTube Movies-on-Demand starting Aug. 1
 
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 More News: 
Naman Ramachandran / Variety:
Eros and filmmaker Aanand L. Rai clash over plans to re-release the Tamil-language version of 2013 Indian film Raanjhanaa with an AI-enabled alternative ending
Charlotte Tobitt / Press Gazette:
Sky News expands its data and forensics team as part of the Sky News 2030 project to build a newsroom focused on premium video journalism
Katie Robertson / New York Times:
Filing: Trump's lawyers argue that Rupert Murdoch should be deposed within 15 days because of his advanced age, in the $10B libel suit against Murdoch and WSJ
Sarah Perez / TechCrunch:
Chrome will debut AI-generated store reviews to US shoppers, where clicking an icon just to the left of the URL will show a popup with store reputation info
 Earlier Picks: 
Brian Steinberg / Variety:
Hope Hicks, the ex-Trump White House communications director and Fox communications chief, joins Megyn Kelly's production company Devil May Care Media as COO
Matthew Keys / TheDesk.net:
After the spinoff, WBD's streaming and studios business will be called Warner Bros. and its cable networks business will be called Discovery Global
Press Gazette:
The UK government appoints News UK COO and ex-Sun editor David Dinsmore to the new role of permanent secretary for communications
Discussion: The Guardian and The New World
 

 
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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