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8:10 PM ET, February 6, 2025

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 Top News: 
Axios:
Email: the White House orders the GSA to terminate “every single media contract” expensed by the agency and all contracts for Politico, BBC, E&E, and Bloomberg  —  - The discovery, made through a U.S. government spending database that has long been publicly available …
RELATED:
Politico:
Politico's EIC and CEO say the company has never received any government funding, and agencies that subscribe to Politico Pro do so through standard processes  —  POLITICO has been the subject of debate on X this week.  Some of it has been misinformed, and some of it has been flat-out false.
Isabella Kwai / New York Times:
Trump amplifies a conspiracy theory that “billions” in USAID and other agencies' funds were stolen to pay Politico and others for positive coverage of Democrats  —  President Trump spread unfounded claims that the government had paid Politico and other news media outlets for positive coverage of Democrats.
RELATED:
Todd Spangler / Variety:
Amazon reports Q4 ad revenue up 18% YoY to $17.29B, vs. $17.4B est., and subscription services revenue up 10% YoY to $11.51B  —  Overall earnings for the period smashed Wall Street expectations.  —  However, the Q4 ad revenue figure fell short of analyst expectations of $17.4 billion, per StreetAccount.
Charlotte Klein / New York Magazine:
The Bulwark had its first profitable year in 2024, and its Substack, which has 76K paid subscribers, is gaining 700 to 1,000 paid subscribers every day or two  —  The explosive success of The Bulwark.  —  It was the day after Donald Trump's inauguration, and Tim Miller was struggling …
Brian Steinberg / Variety:
Trump calls on CBS to “terminate” 60 Minutes, and says “CBS should lose its license”, amid his $10B lawsuit against CBS over the Kamala Harris interview  —  President Donald Trump called on CBS to cancel its long-running newsmagazine, “60 Minutes,” …
RELATED:
David Folkenflik / NPR:
A look at Trump's assault on CBS, and more broadly, how he and allies seek to pressure the media to punish it and to inhibit its ability to check the president
Mark Sweney / The Guardian:
The British Film Institute: UK broadcasters slashed their spending on high-end TV shows to the lowest level since 2015, while US streamers increased spending  —  Channel 4, Channel 5 and Sky also among UK broadcasters making cuts as Netflix, Disney and Amazon pile on pressure
RELATED:
Christopher Palmeri / Bloomberg:
A California state court issues a temporary restraining order stopping Sony from taking Jeopardy! and Wheel of Fortune distribution rights away from CBS  —  “The court's order has no bearing on, and is not indicative of, the eventual outcome of the ongoing litigation,” Sony said Thursday in a statement …
Financial Times:
Leaders in Russia, Hungary, and more applaud USAID's funding freeze affecting independent news outlets; the 2025 US foreign aid budget included $268M for media  —  Independent outlets in former Soviet Union are poised to be hurt by temporary shut down at key US agency
Discussion: HotAir, @amuse and Fox News
 
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 More News: 
Elsa Keslassy / Variety:
Streaming services are negotiating with French film guilds to reduce waiting period for new theatrical releases, following Disney+'s deal to shorten its window
Erik Hayden / The Hollywood Reporter:
Filing: Disney lowers its content spending estimate, including for sports rights, for FY 2025 by $1B to ~$23B; for FY 2024, Disney's content spend was $23.4B
Georg Szalai / The Hollywood Reporter:
Spotify and Warner Music sign a multi-year deal that covers recorded music and music publishing and “delivers new benefits for artists, songwriters, and fans”
 Earlier Picks: 
Lucas Shaw / Bloomberg:
Warner Music buys a controlling stake in Tempo Music, which owns the song rights of Bruno Mars, Adele, and more; a source says the deal values Tempo at $450M
Ernie Smith / Tedium:
WBD releases more than 30 movies on YouTube for free across five channels over the past month, apparently without DRM; some are gems, some are stinkers
Wall Street Journal:
Sources: OpenAI is expected to air its first TV ad during Sunday's Super Bowl; MediaRadar: AI companies spent $332M on ads in 2024, over double their 2023 spend