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9:00 PM ET, August 5, 2025

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 Top News: 
Harshita Mary Varghese / Reuters:
News Corp reports Q4 revenue up 1% YoY to $2.11B, vs. $2.1B est., and WSJ subscriptions up 7% YoY to 4.5M+ on average, 4.1M+ of which were digital-only  —  Media conglomerate News Corp (NWSA.O) topped Wall Street estimates for fourth-quarter revenue on Tuesday, driven by steady growth …
Wall Street Journal:
The NFL agrees to take a 10% stake in Disney's ESPN in exchange for control over NFL Network, RedZone, and more; analysts estimate ESPN is valued at $25B-$30B  —  The media giant will take ownership of NFL Network as part of swap valued in the neighborhood of $3 billion
Joshua Benton / Nieman Lab:
A June ranking of the top 25 local public radio/TV websites in the US based on traffic shows MPR at the top, followed by LAist and Oregon Public Broadcasting  —  They may have been born on the airwaves, but these public media stations compete on the web as well.
Alex Weprin / The Hollywood Reporter:
Fox reports Q4 revenue up 6% YoY to $3.29B, ad revenue up 7% YoY to $1.1B, driven by Tubi and Fox News, and a net income of $719M, up from $320M in Q4 2024  —  The company saw revenues rise across the board in tis fiscal Q4 quarter, as it prepares to launch its Fox One streaming service.
RELATED:
Brian Steinberg / Variety:
Fox CEO Lachlan Murdoch says Fox One, a streaming service offering NFL and MLB games, Fox News programs, and more, will debut August 21 at $19.99 per month  —  The new broadband outlet, a venue that offers Fox Corp.'s Sunday-afternoon NFL games and post-season MLB play along with Fox News programs and more …
Neel Dhanesha / Nieman Lab:
Newsletter service Ghost says publishers have earned $100M+ on it, its annual revenue is $8.5M+, it now supports ActivityPub, and is upping new member pricing  —  The open-source publishing platform Ghost, which powers the websites and newsletters of many independent news outlets …
Reuters:
Linda Yaccarino is named CEO of digital health platform eMed Population Health less than a month after stepping down as CEO of X  —  Linda Yaccarino is taking the top job at eMed Population Health, a telehealth startup focused on GLP-1 weight loss drugs, nearly a month after stepping down as CEO of social media platform X.
Matthew Keys / TheDesk.net:
Ad tech company Ad.com acquires Public Good to help with development of a search engine, Search.com, which will offer cash-back rewards and other perks  —  Search.com incentivizes online searches with cash back rewards, and provides publishers an opportunity to generate revenue from their content in the era of artificial intelligence.
Ashley Belanger / Ars Technica:
Filing: in its ChatGPT lawsuit, the NYT asked OpenAI to produce 120M user chats to analyze how often ChatGPT regurgitates its articles, after OpenAI offered 20M  —  OpenAI is preparing to raise what could be its final defense to stop The New York Times from digging through a spectacularly broad range …
more at Techmeme »
Jonathan Vanian / CNBC:
Snap Q2: revenue up 9% YoY to $1.34B, vs. $1.35B est., 469M global DAUs, vs. 467M est., and global ARPU of $2.87, vs. $2.90 est.; SNAP drops ~15% after hours  —  Snap shares tanked 15% Tuesday when it reported second-quarter earnings in which global average revenue per user missed expectations.
Todd Spangler / Variety:
Over 2,300 WGA members sign an open letter criticizing President Trump and Congressional Republicans, decrying “escalating attacks on the First Amendment”  —  More than 2,300 members of the Writers Guild of America have signed an open letter decrying recent actions taken …
 
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 More News: 
Todd Spangler / Variety:
Skydance announces the 10 board directors for Paramount Skydance, including Oracle CEO Safra Catz and former Paramount Pictures CEO Sherry Lansing
Kelly Lawler / USA Today:
Roku launches Howdy, an ad-free streaming service for $2.99 per month, initially only on Roku devices, with content from Lionsgate, WBD, FilmRise, and others
Ashley Carman / Bloomberg:
The Athletic signs podcast licensing deals for Pablo Torre Finds Out and Sports Gossip Show; a source says the agreement with Torre is in the seven figures
Sara Fischer / Axios:
Patreon CEO Jack Conte says the platform paid out $10B+ to creators since its 2013 founding, creators now get $2B+ annually, and there are 25M+ paid memberships
Jay Peters / The Verge:
IGN lays off staff, including eight members of the IGN Creators Guild, representing 12% of the bargaining unit, as parent company Ziff Davis cuts costs
Belle Lin / Wall Street Journal:
ElevenLabs launches Eleven Music, letting individuals and businesses use its AI model to generate music cleared for commercial use via English-language prompts
 Earlier Picks: 
Jon Blistein / Rolling Stone:
A Parkland shooting victim's parents created an AI version of their late son to speak about gun safety, starting with an interview with journalist Jim Acosta
Josh Axelrod / Nieman Lab:
How some news organizations are using AI models powered by retrieval-augmented generation to surface the most newsworthy elements from very large datasets
Rebecca Falconer / Axios:
Court filing: Trump and Rupert Murdoch agree to postpone Murdoch's deposition in the Epstein letter libel suit until after a ruling on the WSJ's dismissal case
John Herrman / New York Magazine:
Search-engine optimization feels dated as marketers look to generative-engine optimization, or GEO, which focuses on tricking AI chatbots rather than Google
Sara Fischer / Axios:
The New York Post plans to launch a daily Los Angeles-based newspaper called The California Post in early 2026, with News Corp veteran Nick Papps as EIC
 

 
From Techmeme:

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

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

A.J. Vicens / Reuters:
US and Canadian authorities warn that Chinese hackers are using the Brickstorm malware to install backdoor access within unnamed government and IT entities
 
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