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8:00 AM ET, June 2, 2021


 Top News: 
Dan Mangan / CNBC:
National Enquirer's publisher has agreed to pay $187,500 in a FEC settlement over a 2016 hush-money payment to Karen McDougal, who alleged an affair with Trump  —  - The Federal Election Commission will let former President Donald Trump avoid any punishment for directing hush money payments to his alleged ex-mistress Karen McDougal.
Katherine Doherty / Bloomberg:
Source: Mudrick Capital sold all its AMC Entertainment stock Tuesday, the same day the chain said Mudrick had bought $230.5M in new shares; stock up 22%+  —  - Investment firm takes advantage of rally fueled by day traders  — Sale follows Mudrick Capital's $230 million purchase of shares
Naman Ramachandran / Variety:
AMC is raising $230.5M and is in discussions with landlords of theaters formerly operated by Arclight Cinemas and Pacific Theatres  —  Leading cinema chain AMC is raising $230.5 million to purchase additional cinema leases and grow the consumer appeal of its existing properties.
Georg Szalai / Hollywood Reporter:
Discovery CEO David Zaslav announces the new name for the combination of Discovery and AT&T's WarnerMedia: Warner Bros. Discovery  —  The merged company will go by Warner Bros. Discovery.  —  Discovery and AT&T's WarnerMedia shocked the media and entertainment world with their May 17 news …
Benjamin Mullin / Wall Street Journal:
Sources: CNN has struck deals with many of its anchors that will include work for CNN+, has considered putting ads on it, and won't stream prime-time shows
Joshua Robinson / Wall Street Journal:
Naomi Osaka withdraws from French Open after being fined $15K for not speaking to media, saying the interactions cause huge anxiety, impacting mental health  —  The world no. 2 had chosen not to face the media in Paris, citing mental health  —  Women's tennis world No. 2 Naomi Osaka withdrew …
Edmund Lee / New York Times:
Study details how ViacomCBS has used labyrinthine overseas tax shelters to avoid $4B in US taxes since 2002 on royalty revenue; ViacomCBS disputes the findings  —  A new report details ViacomCBS's use of a labyrinthine tax shelter to sell rights to its shows and films overseas.
Sara Guaglione / Digiday:
The Atlantic is spinning out its content and communications agency Atlantic 57, which will be rebranded Long Dash under the umbrella of Atlantic Media  —  The Atlantic is putting some separation between the publication and its agency Atlantic 57.  The latter will be spun out into its own division …
Discussion: @seangriffey and AgencySpy
Kim Lyons / The Verge:
Twitter says it will start adding full-screen ads to Fleets, supporting images and videos that can be up to 30 seconds long, initially in US on iOS and Android  —  A handful of advertisers will begin testing the format Tuesday  —  Twitter said Tuesday it will start adding full-screen ads to Fleets …
Sara Fischer / Axios:
Twitter launches Tomorrow, a weather news service, which includes newsletters, ticketed audio sessions, Q&As, and is led by climate journalist Eric Holthaus  —  Twitter is partnering with veteran climate journalist and meteorologist Eric Holthaus to launch a local weather news service …
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 More News: 
James Rainey / Los Angeles Times:
Sonoma County's Press Democrat reassesses after quashing a reporter's probe of assault claims against a local politician; SF Chronicle later published her work
 Earlier Picks: 
Martin Pengelly / The Guardian:
Book by WSJ reporter Mike Bender alleges Sean Hannity helped create a Trump 2020 campaign ad that aired only during his show on Fox News