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2:35 PM ET, November 24, 2025

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 Top News: 
Sara Fischer / Axios:
President Trump says he “would not be happy” if the FCC lifted the broadcast ownership cap, contrasting FCC Chairman Brendan Carr's long-held position  —  President Trump said Sunday he “would not be happy” if the Federal Communications Commission lifted the national ownership cap …
Erik Wemple / New York Times:
The White House now has conflicting approaches for AP journalists, restoring frontline access for AP photographers while continuing to exclude its reporters  —  The White House now has conflicting approaches for Associated Press journalists as it fights the news service in court over access to presidential events.
Bart Meijer / Reuters:
The EU unconditionally approves Omnicom's $13.25B all-stock deal to buy Interpublic, creating the world's largest ad agency to better compete with Big Tech  —  The EU Commission on Monday said it had unconditionally approved Omnicom Group's (OMC.N) $13.25 billion all-stock deal to buy rival Interpublic Group (IPG.N).
Pew Research Center:
Pew: 57% of US adults ages 65+ prefer to watch their news, while among adults under 30, 45% prefer to get news by reading, 31% by watching, and 23% by listening  —  More Americans prefer to watch the news than read or listen to it By Emily Tomasik and Christopher St. Aubin The information environment …
RELATED:
Pew Research Center:
A survey of US adults on social media: 84% use YouTube, 71% Facebook, 50% Instagram, 37% TikTok, 32% WhatsApp, 26% Reddit, 25% Snapchat, 21% X, and 8% Threads
Jeff Horwitz / Reuters:
Filing: Meta axed research based on a Nielsen survey in 2020 that found evidence of social media harms, claiming the survey was tainted by the “media narrative”  —  - Plaintiffs allege Meta hid product risks from users and authorities  — Meta accused of ineffective youth safety features …
Jeremy Barr / The Guardian:
Documents released as part of Smartmatic's lawsuit against Fox News show the tensions between Fox News executives and Trump before and after the 2020 election  —  Even before the 2020 election, tensions were high between Fox News executives and Trump, new documents show
Rob Golum / Bloomberg:
Filing: Sinclair offers to acquire Scripps for $7 a share in cash and stock, a 70% premium over Scripps' November 21 closing price of $4.12  —  Sinclair Inc., one of the largest US TV broadcasters, offered to acquire competitor E.W. Scripps Co. for $7 a share in cash and stock.
Daniel Thomas / Financial Times:
Kantar Media appoints former WPP boss Mark Read as its chairman, after HIG Capital acquired the analytics company from Kantar Group in a $1.1B deal in August  —  Appointment to media analytics group follows its acquisition this year by HIG Capital  —  Former WPP boss Mark Read …
Sophie Culpepper / Nieman Lab:
A look at local podcast network City Cast, which is in 13 US cities after shutting down in two, has a staff of ~90, and is focusing on being personality-driven  —  “We no longer begin with the idea that we're a local podcast network, even though that is the most familiar thing to most people.”
Maya Phillips / New York Times:
How Toy Story, released 30 years ago, changed animation, relying on 117 computers running rendering software 24/7, as modern animation now appears artificial  —  The Pixar Era kicked off 30 years ago with the first installment of the popular franchise.  It's given us countless hits, but something has also been lost.
 
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 More News: 
Jake Kanter / Deadline:
Adam Levy, the BBC News' Washington DC-based news editor since March 2023, left earlier this month, sources say following complaints about his management style
Rebecca Rubin / Variety:
Universal's Wicked: For Good debuted with $150M in North America and $76M overseas in its opening weekend, the biggest global opening for a musical adaptation
 Earlier Picks: 
Mark Sweney / The Guardian:
Daily Mail owner DMGT strikes a £500M deal with RedBird IMI to buy Telegraph titles, in a deal likely to trigger an in-depth investigation by Ofcom and the CMA
Matt Craig / Forbes:
Streaming provides some movie stars like Mark Wahlberg with guaranteed paydays they wouldn't be able to command in the turbulent theatrical marketplace
Ginia Bellafante / New York Times:
Vanity Fair is reviewing its ties to Olivia Nuzzi, hired in September, after being “taken by surprise” by an essay that raised new questions about her ethics
 

 
From Techmeme:

Bloomberg:
iRobot files for Chapter 11 bankruptcy after reaching a restructuring support agreement to hand control to its secured lender and key supplier, Shenzhen Picea

Bloomberg:
An interview with Marcos Galperin, CEO of MercadoLibre, which has a $105B market cap, on his upcoming resignation, MercadoLibre's rivalry with Amazon, and more

Corrie Driebusch / Wall Street Journal:
A look at the efforts to open private markets, where shares of startups like OpenAI trade, to small investors, and the opportunities and risks they bring
 
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