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9:10 PM ET, August 6, 2025

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 Top News: 
Julian Wyllie / Current:
PBS North Carolina says it will offer voluntary buyouts as it anticipates an annual loss of $4.8M in federal funding and may also lose $4M in state funding  —  PBS North Carolina announced Tuesday that it will offer voluntary buyouts to staff due to an anticipated revenue shortfall caused by the loss of federal funding.
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Todd Spangler / Variety:
Disney says it is “fully integrating” Hulu into Disney+, plans to launch a “unified” Disney+ and Hulu app in 2026 and migrate Hulu's live TV subscribers to Fubo  —  Hulu will replace the Star brand on Disney+ internationally this fall
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Lillian Rizzo / CNBC:
Disney plans to launch its new flagship sports streaming service ESPN on August 21 for $29.99 per month or $35.99 per month when bundled with Disney+ and Hulu  —  ESPN will launch its new flagship streaming service — also named ESPN — on August 21.  —  Disney's ESPN has been working …
Jill Goldsmith / Deadline:
Disney reports Q3 revenue up 2% YoY to $23.7B, operating income up 8% YoY to $4.6B, streaming revenue of $6.2B, profit of $346M; Disney+ and Hulu hit 183M subs  —  In an early look at the numbers, Evercore ISI analyst Kutgun Maral called it a “healthy quarter with upside where it matters most, theme parks & DTC profitability.”
RELATED:
Todd Spangler / Variety:
Disney says it will no longer report paid subscribers or average revenue per unit for ESPN+ as of its Q4 2025 and for Disney+ and Hulu as of its Q1 2026
Alex Sherman / CNBC:
ESPN signs a deal to show the WWE's biggest live events, including WrestleMania, from 2026; sources say ESPN will pay $325M on average per year for five years  —  The WWE is coming to ESPN.  —  The Disney-controlled sports and entertainment business will pay an average of $325 million per year …
Katie Robertson / New York Times:
The New York Times reports 11.88M subscribers in Q2, total revenue up 9.7% YoY to $685.9M, and adjusted operating profit up 28% to $133.8M; NYT closes up 15.5%  —  The company added 230,000 digital-only subscribers in the second quarter.  It now has 11.88 million total subscribers.
Liz Reid / The Keyword:
Google says total organic click volume from Search to websites has been “relatively stable” YoY and it's sending “slightly more quality clicks” than a year ago  —  We continue to send billions of clicks to the web every day and are committed to prioritizing the web in our AI experiences in Search.
Charlotte Tobitt / Press Gazette:
Resilience Media, which aims to be the defense tech industry's “publication of record”, adds several ex-TechCrunch staff, including Ingrid Lunden and Matt Burns  —  Former Techcrunch staffers have joined a new title covering the defence tech industry which has just expanded after a successful fundraising round.
Mike Florio / NBCSports.com:
The ESPN-NFL deal will require US regulatory approval, giving President Trump the kind of leverage he seemingly exercised in the 60 Minutes settlement  —  It was a footnote to the reporting regarding a deal being done.  It could, in time, become a headline.
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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
Ian Walker / Wall Street Journal:
The UK CMA clears Omnicom's $13B acquisition of rival Interpublic after launching an investigation into the deal on June 23; the FTC cleared the deal on June 25  —  The watchdog had been considering whether the deal would lead to a substantial lessening of competition
Clyde Haberman / New York Times:
Longtime WNYC radio talk-show host Leonard Lopate, who was fired in 2017 for inappropriate behavior that he vehemently denied, died on Tuesday at 84  —  He mastered the art of the interview over 32 years on public radio, at WNYC.  He was fired in 2017 amid allegations of sexual harassment, which he vehemently denied.
Discussion: @pescami
 
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 More News: 
Bloomberg:
Sources: Chinese streamer iQiyi is seeking to raise $300M in a Hong Kong IPO later in 2025; the Baidu-owned company went public in the US in 2018
Discussion: DealStreetAsia
Emanuel Maiberg / 404 Media:
Wikipedia editors adopt a policy giving administrators the authority to quickly delete AI-generated articles that meet certain criteria, like wrong citations
 Earlier Picks: 
Lauren Aratani / The Guardian:
In its Q4 earnings report, News Corp warned President Trump that his books “are being consumed by AI engines which profit from his thoughts”
Chase DiFeliciantonio / Politico:
A US federal judge strikes down a California law blocking large platforms from hosting deceptive AI-generated content related to elections, citing Section 230
 

 
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

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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