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9:40 PM ET, September 16, 2025

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 Top News: 
Financial Times:
China says US spin-off of TikTok will use ByteDance's Chinese algorithm and the deal with the US includes “licensing the algorithm and other IP rights”  —  Agreement with Washington includes ‘licensing the algorithm and other intellectual property rights’, says Beijing official
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Wall Street Journal:
Sources: under the US-China framework, a US investor consortium that includes Oracle, Silver Lake, and a16z would hold an ~80% stake in TikTok's US business  —  Oracle, Silver Lake and Andreessen Horowitz are part of consortium that would control 80% stake  —  TikTok's U.S. business …
Bloomberg:
Trump extends the deadline for ByteDance to divest TikTok's US operations until December 16, the fourth such extension; a deal is expected to be finalized soon  —  President Donald Trump again extended the deadline for TikTok's Chinese parent ByteDance Ltd. to divest the platform's US operations …
RELATED:
Aisha Malik / TechCrunch:
YouTube unveils new generative AI tools for Shorts, including a custom version of Veo 3 called Veo 3 Fast, which includes sound, and an Edit with AI feature  —  At its Made on YouTube live event on Tuesday, the company unveiled new generative AI tools for Shorts creators.
Zach Vallese / CNBC:
YouTube says it has paid out $100B+ to creators over the last four years and the number of YouTube channels making over $100K from TV screens has jumped 45% YoY
Reuters:
Disney, Universal, and WBD sue China-based MiniMax, alleging that its image- and video-generating service Hailuo AI was built from stolen intellectual property  —  Walt Disney (DIS.N), Comcast's (CMCSA.O) Universal and Warner Bros Discovery (WBD.O) have jointly filed a copyright lawsuit …
Alastair Gale / Bloomberg:
President Trump says he has filed a $15B defamation and libel lawsuit against The New York Times, accusing it of serving as a “mouthpiece” for the Democrats  —  President Donald Trump said he has filed a $15 billion defamation and libel lawsuit against The New York Times …
Discussion: New York Times, United States District Court for the Middle District of Florida, CNN, The Guardian, Mumbrella, Mediaweek, Associated Press, @realDonaldTrump …, CNBC, The Guardian, BeInCrypto, @brianstelter, CryptoSlate, Alternet.org, @jayden5445.bsky.social, @luigi_warren, @adamscochran, The A.V. Club, MarketWatch, @nprinskeep, @leiataillefur.bsky.social, Yahoo Finance, The Business Times, @jswatz.bsky.social, @joycewhitevance, Reuters, Blockonomi, The Post Millennial, Proactive, @toddicus.bsky.social, @mclem.org, @nytmike, RUMBLE, @hammie777.bsky.social, The Daily Signal, ABA Journal, @annie1x.bsky.social, @nytimespr, New York Sun, IJR, @ted-diamond.bsky.social, @rmac.bsky.social, Raw Story, @rmac.bsky.social, Blaze Media, TheDesk.net, @brunojnavarro.bsky.social, New Republic, @Nonilex@masto.ai, Cryptonews, @aricohn.com, Breitbart, Esquire, Washington Times, The American Bazaar, KRQE-TV, UPI, @rickstengel.bsky.social, Townhall, @harryjsisson, israelhayom.com, Axios, @lucas_shaw, ZeroHedge News, TMZ.com, Forbes, Wall Street Journal, TVNewsCheck, The Washington Free Beacon, NBC News, Fox News, @timobrien.bsky.social, NPR, The Hill, Washington Examiner, Al Jazeera, CBS News, Variety, American Greatness, @sotsogm.bsky.social, @chrisgeidner.bsky.social, @adgwatches.bsky.social, @mistyksnow.bsky.social, @keptsimple.bsky.social, Financial Times, @otsumamiboy.bsky.social, @tylerjameshill.com, @paleofuture.bsky.social, @humblecore.bsky.social, @bselena.bsky.social, @segyges.bsky.social, @anthonyclark.bsky.social, @petersterne.com, @kenwhite.bsky.social, @petersterne.com, @petersterne.com, @andycraig.bsky.social, @luigithirty.bsky.social, @kyledcheney.bsky.social, @jlazarus.bsky.social, @sharonk.bsky.social, r/Journalism and r/politics
Ross A. Lincoln / The Wrap:
Report: Rolling Stone has laid off some staff, including executive digital director Lisa Tozzi, chief TV critic Alan Sepinwall, and copy chief Steve Pearl  —  Executive digital director Lisa Tozzi, chief television critic Alan Sepinwall and copy chief Steven Pearl are among those let go
Oliver Darcy / Status:
Leaked letter: WaPo said it fired Karen Attiah for “gross misconduct”, including Bluesky posts “about white men in response to the killing of Charlie Kirk”  —  Last Thursday, on September 11, Karen Attiah was walking out of a martial arts class when she noticed a missed call from a Washington, D.C., number.
Max Goldbart / Deadline:
The UK's Channel 4 purchases a majority stake in a production company, Firecrest Films, for the first time; it will now be able to own British IP  —  Channel 4 has taken one of the biggest steps in its 40-year history by acquiring a majority stake in a production company for the first time.
 
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 More News: 
Hunter Schwarz / Fast Company:
LimeWire, which began as a music sharing service and pivoted to serving as an NFT marketplace, bought Fyre Festival's IP and social media accounts for $245,300
Lukas I. Alpert / MarketWatch:
Robert Redford's Sundance Film Festival transformed how Hollywood does business, creating a pipeline for independent films to be shown around the world
Justin Baragona / The Independent:
Some CBS News staffers say Paramount's David Ellison has lost the trust of the newsroom; some call him a liar because he said he wouldn't “politicize” Paramount
 Earlier Picks: 
Rob Waugh / Press Gazette:
The Times and The Sun removed stories about a “royal cleaner” who claimed to have worked for the Royal Family, published based on questionable press releases
 

 
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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