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11:45 PM ET, May 18, 2022


 Top News: 
Joe Flint / Wall Street Journal:
Sources: CEO David Zaslav is quickly putting his stamp on Warner Bros. Discovery including by cutting CNN+ and other costly projects, and forcing out executives  —  CEO David Zaslav has quickly put his stamp on Warner Bros. Discovery, weighing in on content, forcing out executives and cutting costly projects
Alex Weprin / Hollywood Reporter:
Warner Bros. Discovery says Chris Wallace, who had a CNN+ show, will shift this fall to hosting a CNN show in primetime on Sunday that will stream on HBO Max  —  CNN will also be getting a “reimagined” morning show later this year.  —  Chris Wallace is coming to primetime …
J. Clara Chan / Hollywood Reporter:
At Brandcast 2022, YouTube executives focused on live shopping, short-form video, and the work of individual creators, as the platform moves away from Originals  —  YouTube will host its second Beauty Festival on June 16, but this time, viewers will be able to purchase products directly from the livestream.
Discussion: TechCrunch and Engadget
Emma Roth / The Verge:
Report: Netflix had 3.6M cancellations in Q1 2022, up from ~2.5M for each past five quarters; 13% came from subscribers who had the service for over three years  —  Users subscribed to Netflix for more than three years represented 13 percent of total cancellations
Ariel Shapiro / The Verge:
Internal memo: Reply All podcast hosts Alex Goldman and Emmanuel Dzotsi plan to leave the eight-year-old show in June, after several high-profile Gimlet exits  —  It is unclear whether the show will continue after they leave  —  Reply All co-hosts Alex Goldman and Emmanuel Dzotsi will be leaving …
Scott Feinberg / Hollywood Reporter:
The Academy of Motion Picture Arts and Sciences issues new rules and campaign regulations for the 95th Oscars, and reinstates its theatrical release requirement  —  The Academy's board of governors also capped the number of songs a film may submit for Oscar consideration and tweaked the names of its documentary awards.
Discussion: The Wrap, Deadline, Billboard and Variety
Rebecca McCarter / E.W. Scripps Company:
E.W. Scripps plans a multiyear effort, underwritten with funding from Google, to help experienced print journalists move into broadcast news and jobs at Scripps  —  CINCINNATI - The E.W. Scripps Company (NASDAQ: SSP) and Google are partnering on a multi-year initiative to transition experienced journalists …
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 More News: 
Guy Faulconbridge / CBC News:
Russia says it is closing the Moscow bureau of Canada's CBC and stripping its journalists of their visas and accreditation in retaliation for Canada's ban of RT
Stuart Thomson / Digital TV Europe:
Paramount's Pluto TV launches in Sweden, Denmark, and Norway, replacing local service Viafree and offering live sports for the first time internationally
 Earlier Picks: 
Jill Goldsmith / Deadline:
Filing: in Q1 2022, Berkshire Hathaway bought a $2.6B Paramount stake and boosted its Activision Blizzard and Apple positions; Paramount stock closes up 15.35%
Nicholas Confessore / New York Times:
Senator Chuck Schumer urges Rupert Murdoch to stop amplifying “replacement theory” on Fox News; Lachlan Murdoch said Tucker Carlson “decried” the theory in 2021