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8:15 PM ET, August 3, 2025

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CPB:
The Corporation for Public Broadcasting announces that it is shutting down following the loss of federal funding  —  The Corporation for Public Broadcasting (CPB) announced today that it will begin an orderly wind-down of its operations following the passage of a federal rescissions package …
Discussion: CBS News, USA Today, The Guardian, TODAY.com, @scottnover, NPR, semipublic.co, @banksyfella.bsky.social, @carnage4life@mas.to, Fox News, @annewritesreylo.bsky.social, @scottedelman.bsky.social, @wexler, @mikeisaac, @whstancil, @philipaklein, Benzinga, WKYC-TV, Must Read Alaska, The Hollywood Reporter, Deseret News, Breitbart, Le·gal In·sur·rec·tion, The Washington Free Beacon, Curb Cuts, Plain Dealer, Digital Music News, The A.V. Club, Ars Technica, Washington Times, Pittsburgh Business Journal, Gizmodo, The Mahablog, New York Sun, ZeroHedge News, Fast Company, Straight Arrow News, NC Newsline, @lanceulanoff@threads.com, Roll Call, Hollywood Life, @edeggans.bsky.social, Newser, NPR, Adweek, Free Press Action Fund Feed, Raw Story, MLive.com, RedState, KIII-TV, HotAir, twitchy.com, Poynter, Associated Press, Billboard, The Daily Signal, The National Pulse, Politico, Animation Magazine, Daily Caller News Foundation, Bleeding Cool News, Wall Street Journal, @schmittwitt.bsky.social, The Post Millennial, Reuters, CNN, NBC News, Townhall, Consequence, TV Tech, Radio & Television …, Blaze Media, TheDesk.net, Mediaite, @scottnover.bsky.social, Inside Radio, Washington Post, Washington Examiner, @sorayanadiamcdonald.com, Axios, Variety, Bloomberg, The Wrap, @airbagmoments.bsky.social, Deadline, @dianabutlerbass.bsky.social, @robxlii.bsky.social, @nicdawes.bsky.social, @smi.bsky.social, New York Daily News, Advocate, Newsweek, The Hill, New Republic, The Follow, The Independent, The Gateway Pundit, Anthropology …, Cleolinda everywhere, Al Jazeera and r/radio
Jessica Roy / The Information:
A look at newsletter platform Beehiiv, which has hit $30M in ARR and fees starting at $43/month for 1,000 subscribers, unlike Substack, which takes a 10% cut  —  Last August, when CNN's Oliver Darcy decided he wanted to leave the network and launch Status, an email newsletter focused on the media industry …
Nnamdi Egwuonwu / NBC News:
The Senate confirms former Fox News host and prosecutor Jeanine Pirro as US attorney for DC; she had been serving in the role on an interim basis since May  —  The vote was along party lines, with all present Democrats voting against Pirro's confirmation.  —  The Senate voted on Saturday …
Emily Baker-White / Forbes:
A profile of Rumble founder Chris Pavlovski, who declined an offer to become CEO of Truth Social and opted to provide services to the platform through Rumble  —  Before he helped run Truth Social, Chris Pavlovski owned porn domains.  Now, he's allied with a political movement that wants to ban pornography.
The Moscow Times:
Derk Sauer, a Dutch media entrepreneur who founded The Moscow Times and later supported Russian journalists in exile, died at 72 from sailing accident injuries  —  Derk Sauer, the Dutch media entrepreneur who founded The Moscow Times, died on Thursday at age 72, his family said in a statement.
BBC:
In the UK, X and Reddit are blocking wide-ranging content, including about parliamentary debates, Ukraine, and Gaza, to comply with the Online Safety Act  —  Social media companies are blocking wide-ranging content - including posts about the wars in Ukraine and Gaza - in an attempt to comply …
Alex Weprin / The Hollywood Reporter:
South Park will be leaving HBO Max on August 5 after Paramount+ secured exclusive global streaming rights; HBO Max has been the US home for the past five years  —  Paramount and Park County had inked a temporary extension with HBO Max while they negotiated a new streaming and overall deal.
Matthew Keys / TheDesk.net:
Block Communications enters into an agreement to sell its entire portfolio of TV stations to Gray Media for $80M; the deal is expected to close in Q4 2025  —  Block Communications has entered into an agreement to sell its entire portfolio of television stations to Gray Media, the companies announced on Friday.
Aisha Malik / TechCrunch:
Instagram now requires users to have a public account with 1,000+ followers to go live, aligning with TikTok; previously, the feature was open to all users  —  Instagram users now need a public account with a minimum of 1,000 followers to go live on the platform, the social network confirmed to TechCrunch.
Jay Peters / The Verge:
Reddit wants to become “a go-to search engine” for users; its core search has 70M+ weekly active unique users and AI-powered Reddit Answers has 6M weekly users  —  CEO Steve Huffman says the company is focused on making the platform a ‘go-to search engine.’
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 More News: 
Anne VanderMey / Bloomberg:
How VCs are changing the way people learn about the tech industry, through a sprawling media ecosystem consisting of podcasts, newsletters, and streaming shows
Todd Spangler / Variety:
Apple reports Q3 revenue from Services, which includes the App Store, Apple TV+, and Apple Music, up 13.3% YoY to $27.42B, vs. $26.8B est.
Todd Spangler / Variety:
Roku reports Q2 revenue up 15% YoY to $1.11B, vs. $1.07B est., a net profit of $10.5M, and Platform segment sales up 18% to $976M
 Earlier Picks: 
Annie Palmer / CNBC:
Amazon reports Q2 ad revenue up 23% YoY to $15.7B, vs. $14.9B est., and subscription services revenue up 12% YoY to $12.2B
Jill Goldsmith / Deadline:
Paramount reports Q2 revenue up 1% YoY to $6.85B, a $57M profit, vs. a $5.4B loss a year ago, Paramount+ subs down by 1.3M QoQ to 77.7M and revenue up 23% YoY
 

 
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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