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5:45 PM ET, May 3, 2024


 Top News: 
Todd Spangler / Variety:
Sources: the expectation at Paramount Global is that neither of the two offers in play, Skydance-RedBird and Sony Pictures-Apollo, will come to fruition  —  After months of M&A talks, Paramount Global and controlling shareholder Shari Redstone might be going it alone after all.
New York Times:
Sources: Sony Pictures and Apollo Global formally express interest in acquiring Paramount for ~$26B; Paramount's negotiating period with Skydance ends May 3  —  Paramount has been exploring a potential deal for months, talking to suitors including Skydance, producer of “Top Gun: Maverick.”
Tom McArthur / BBC:
RSF publishes its World Press Freedom Index and places Norway, Denmark, and Sweden in the top three, the US down 10 spots at 55, and Eritrea in last place  —  Gaza is one of the deadliest places in the world to be a journalist, according to Reporters Without Borders
Alex Kantrowitz / Big Technology:
Elon Musk says he wants Grok to create news summaries by relying solely on X posts, without looking at article text, and improved story citations are coming  —  Musk emails with details on AI-powered news inside X. An AI bot will summarize news and commentary, sometimes looking through tens of thousands of posts per story.
Christina A. Cassidy / Associated Press:
In a letter, several Democrats serving as their state's top election officials ask Meta to repeal a policy allowing ads that claim the 2020 election was stolen  —  Several Democrats serving as their state's top election officials have sent a letter to the parent company of Facebook …
Financial Times:
An interview with UK culture secretary Lucy Frazer on blocking RedBird IMI's Telegraph takeover bid, plans to cap foreign state ownership at 5%, and more  —  Culture secretary says UK ‘not stopping’ foreign investment as she defends blocking sale to Abu Dhabi-backed company
Discussion: City A.M.
Bron Maher / Press Gazette:
The Guardian outlines plans for a “small number of voluntary redundancies”, says it is 60% funded by readers, and had a £39m loss in the year to March 2024  —  Editor Katharine Viner said the business foresees revenue pressures continuing into the next year at least.
Discussion: Telegraph and The Drum
Steven Levy / Wired:
Jeff Lawson's Global Tetrahedron plans membership tiers for the Onion and doesn't plan to put up a hard paywall as it moves away from G/O's ad-focused approach  —  Entrepreneur Jeff Lawson's plan to revive venerable satirical outlet The Onion involves borrowing from the playbook of the founders of WhatsApp.
Etan Vlessing / The Hollywood Reporter:
Fubo reports 1.51M FuboTV subscribers at the end of Q1, down from 1.61M in Q4, revenue up 24% YoY to $394M, and a $56.1M loss, down from $83.6M a year ago  —  The streaming platform shrunk its losses on higher subscription and advertising revenue.  —  Sports streaming platform FuboTV …
Andrew Marchand / The Athletic:
Sources: MLB is in advanced talks to make Roku the new home for Sunday morning baseball this season, in what would be Roku's first major live rights deal  —  Major League Baseball and Roku are in advanced talks to make the service the new home for Sunday morning baseball this season …
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 More News: 
Charlotte Klein / Vanity Fair:
For weeks, grad students at The Columbia Journalism School have chronicled protests, and professors worked to ensure access and safety as the campus locked down
Jill Goldsmith / Deadline:
A look at 2023 media CEO pay amid industry contraction: Charter CEO Chris Winfrey, $89M; Endeavor CEO Ari Emanuel, $84M; WBD CEO David Zaslav, $49.7M; and more
 Earlier Picks: 
Jack Mirkinson / Discourse Blog:
Dana Bash's May 1 CNN monologue about pro-Palestinian student protests included lies, regurgitated others' spin, and repeated lines of pro-Israel propaganda
Clare Malone / New Yorker:
A look at Hunterbrook, whose hedge fund makes trades based on investigations by its newsroom, and well-connected founders Sam Koppelman and Nathaniel Horwitz
Etan Vlessing / The Hollywood Reporter:
In a letter, Fubo, DirecTV, and others call on Congress to hold hearings on the Fox, Disney, and WBD's sports streamer, citing “serious competition concerns”