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6:35 PM ET, May 29, 2020

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 Top News: 
Jason Hanna / CNN:
CNN crew released after being arrested while covering the Minneapolis protests; Omar Jimenez asked where to move to, but police said they didn't move when told  —  (CNN)A CNN crew has been arrested while covering Minneapolis protests live on the air Friday morning.
RELATED:
Sarah Scire / Nieman Lab:
Unicorn Riot, a five-year-old nonprofit media collective, has been covering the Minneapolis protests by focusing on interviews highlighting protesters' views  —  When protesters reached the police precinct home to the officer who has been charged with murdering George Floyd, Unicorn Riot was there.
Rashaan Ayesh / Axios:
Trump signs an EO designed to limit Section 230 protections that shield social media companies from liability for the content that users post on their platforms  —  President Trump signed an executive order on Thursday designed to limit the legal protections that shield social media companies …
RELATED:
Mike Masnick / Techdirt:
Trump's EO has limited power, as content created by a platform, like Twitter's labels, is not covered by Section 230 and the FCC lacks authority to enforce EO
Patience Haggin / Wall Street Journal:
Comcast is spinning off Blockgraph, its cable TV ad-targeting service, to create a three-way joint venture with ViacomCBS and Charter Communications  —  Cable and TV giants become joint-venture partners in Blockgraph, which was spun off by Comcast  —  Three of the nation's largest pay-TV companies …
Ted Johnson / Deadline:
Source: ViacomCBS layoffs affected about 75 from the CBS News division; Mark Knoller is said to be among those, and Dean Reynolds plans to retire  —  CBSViacom's l ayoffs this week also impacted CBS News and CBS-owned affiliates, the latest fallout to hit news media amid the coronavirus pandemic.
Freddy Mayhew / Press Gazette:
Free London daily City AM plans to return to print in September, after suspending the print edition in March  —  Free daily business newspaper City AM will return to print in September, nearly six months after suspending distribution due to the Covid-19 crisis.
Wall Street Journal:
Sources: Tencent is in talks to buy a $200M stake in Warner Music Group in advance of Warner's IPO; the offering is expected to value WMG around $11.7B- $13.3B  —  The Chinese internet giant is discussing an investment of $200 million ahead of an IPO that is slated for next week
Maxwell Tani / The Daily Beast:
Sources: BuzzFeed News staff reach a work-sharing deal with the company, with most journalists to work 20% reduced schedules with 20% pay cuts through 2020  —  “We decided as a unit that we were willing to fight for a solution that would let us share the impact... rather than having to say goodbye to a full fifth of our co-workers."
Greg Sterling / Search Engine Land:
IAB/PwC: digital advertising was worth $124.6B in 2019, up 16% YoY, about $54B more than TV advertising; 10 companies controlled 77% of digital revenue  —  Digital advertising in 2019 was worth $124.6 billion, according to the IAB and PriceWaterhouseCoopers.
Discussion: Ad Age, Ad Age, MediaPost and AdExchanger
Lindsey Ellefson / The Wrap:
Playboy says it laid off 25 employees, including most of its editorial team, after stopping its print edition in March  —  Playboy laid off 25 staffers, including most of its editorial team, the publication and editors said on Thursday.  —  The long-running publication is the latest …
Discussion: WWD and Hollywood Reporter
Ryan Faughnder / Los Angeles Times:
Netflix buys the Egyptian Theatre from American Cinematheque, with whom it'll continue to partner, and use it for premieres and screenings on weekdays  —  Like other movie houses in Los Angeles, the Egyptian Theatre remains closed indefinitely because of the conoravirus outbreak.
 
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 More News: 
Tim Ingham / Music Business Worldwide:
Sources: Apple believes Apple Music held a 50%+ weekly US market share of premium hip-hop streams for new releases in 94 out of the last 96 weeks
Greg Dool / Folio:
The New York Times Magazine wins 5 National Magazine Awards, Bon Appétit and National Geographic win 4 each; New York magazine and New Yorker were shut out
 Earlier Picks: 
Gerry Smith / Bloomberg:
SensorTower: HBO Max has seen just 90,000 downloads of its mobile app on its first day, compared to 4M for Disney+ and 300,000 for Quibi on their first days