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2:40 PM ET, August 4, 2025

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 Top News: 
Sara Fischer / Axios:
New York Post plans to launch a new, daily Los Angeles-based newspaper called The California Post in early 2026, with News Corp. veteran Nick Papps as EIC  —  - Los Angeles is home to the second-largest concentration of Post readers, per News Corp.  — The vast majority (90%) …
Bloomberg:
Amazon says it is closing its Wondery podcast studio and will break up its operations as part of a broad reorganization; a source says ~110 will lose their jobs  —  As podcasting becomes video-oriented, Amazon is shuffling Wondery into Audible and a new “creator services” team while cutting approximately 110 staff members
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 …
Olivia Solon / Bloomberg:
Spotify says it is updating prices across South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific; an example email had a €1/month rise  —  Spotify Technology SA shares gained in premarket trading after the company announced it's raising premium subscription prices across many markets outside the US.
Nicole Sperling / New York Times:
A profile of Netflix VP Brandon Riegg, who oversees unscripted series, sports, documentary series, and gaming, as the company pushes into live shows and sports  —  Netflix's head of nonfiction series and sports, Brandon Riegg.  Early in his Netflix career he had a memorable flop.
Amelia Gentleman / The Guardian:
Children's Commissioner for England Rachel de Souza criticizes a Channel 4 documentary on porn star Bonnie Blue for “glamorising and normalising” extreme porn  —  Programme about performer Bonnie Blue condemned for ‘glamorising and normalising’ extreme pornography
Sarah Perez / TechCrunch:
Elon Musk says Vine's video archive is being brought back, and xAI's newly launched Grok Imagine, available to X Premium+ subscribers, is “AI Vine”  —  Elon Musk says he's bringing back Vine — sort of.  The X owner announced over the weekend that the company discovered …
Daniel Frankel / StreamTV Insider:
EchoStar reports losing 383K subscribers in Q2 for ~7.1M in total and pay TV revenue down 8% YoY to $2.5B; Sling TV lost 109K subscribers for a total of 1.78M  —  EchoStar Dish Network Sling TV quarterly earnings  —  In the words of one prominent analyst, it's no longer a question …
Lucas Shaw / Bloomberg:
Regal Cinemas will distribute a new Dude Perfect documentary on 800+ screens, including rivals AMC and Cinemark, as it looks beyond Hollywood for content  —  The second-largest US theater chain is releasing a documentary about the YouTube group Dude Perfect on hundreds of screens
New York Times:
How the Bloomberg podcast Odd Lots, hosted by Joe Weisenthal and Tracy Alloway, has attracted a wide audience by offering in-depth analysis of economic trends  —  “Odd Lots” goes deep on lentils in Saskatchewan, the global tractor supply and trucking markets.  Is it the skeleton key to understanding this strange economic moment?
 
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 More News: 
Dan Milmo / The Guardian:
The UK Online Safety Act's approach to keeping children safe online has become a rallying point for the right in the UK and the US over alleged censorship
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
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
 Earlier Picks: 
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
Todd Spangler / Variety:
Trump Media reports Q2 net sales up 5.5% YoY to $883.3K, a net loss of $20M, vs. a $16.4M net loss in Q2 2024, and $3.1B in cash and investments, up ~800% YoY
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
CPB:
The Corporation for Public Broadcasting says it is shutting down after losing federal funding and is “committed to fulfilling its fiduciary responsibilities”
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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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