Top News:
Alex Weprin / The Hollywood Reporter:
Memo: Vanity Fair Editor Radhika Jones tells staff that she will step down this spring after seven years of leading the Condé Nast-owned magazine — Jones, who joined the Condé Nast publication in 2017, will leave in the spring. — There will be a changing of the guard atop Vanity Fair …
Discussion:
The Wrap, New York Times, Daily Mail, Deadline, New York Post and The Business of Fashion
Adam Satariano / New York Times:
Sources: the EU is preparing to penalize X this summer for breaking the DSA, including via product change demands and a fine that a source says could be $1B+ — European regulators are considering fining X more than $1 billion, after weighing the risks of further antagonizing Mr. Musk and President Trump.
Discussion:
@qagggy.bsky.social, Reclaim The Net, @bobbyallyn.bsky.social, @kurtwagner.bsky.social, @freeourfeeds.com, @derparrot.bsky.social, @mijrahman.bsky.social, @rickderuiter.bsky.social, @back295.bsky.social, @nickashdown.bsky.social, @originalsp.in, @Vittoria@mastodon.social, Human Events and Washington Post, more at Techmeme »
Ethan Shanfeld / Variety:
Director Carl Rinsch pleads not guilty to fraud and money laundering after allegedly taking $11M from Netflix for an unfinished series; trial is set for Sept. 8 — Rinsch, who was out on a $100,000 bond, appeared in a downtown Manhattan courthouse Thursday afternoon for the arraignment …
Discussion:
Rolling Stone and Deadline
Bron Maher / Press Gazette:
The Independent says it hired seven people for its AI-written summarization service, Bulletin, and that the stories often outperform the human-written originals — Independent UK editor Chloe Hubbard said the new AI-written service “works commercially”. — The Independent's UK editor …
Discussion:
Anne-Marina D. on LinkedIn and @kalihays.bsky.social
Brian Steinberg / Variety:
A look at CBS' bet on its massive overhaul of the Evening News, with greater emphasis on in-depth reporting on the ground from places beyond NYC, DC, and LA — Billboard Women in Music 2025 — The venerable “CBS Evening News” has, for many of its viewers, been something consumed along with dinner.
Yun Li / CNBC:
Newsmax shares fell 77.5% on Wednesday after a 2,230% surge in its first two days on the NYSE; NMAX rose 5%+ on Thursday — Shares of conservative news channel Newsmax plunged more than 70% on Wednesday as its meteoric rise as a new public company proved to be short-lived.
Jerusalem Post:
Jerusalem Post EIC Zvika Klein has been released from house arrest after police questioned him several times over four days about his coverage of Qatar — “Contrary to what the Attorney-General's statement suggests, he was not part of any 'apparatus,” representatives of Klein said.
Denise Petski / Deadline:
MTV's Video Music Awards will be broadcast on CBS for the first time this year; the show will simulcast on MTV and stream on Paramount+ on September 7 — For the first time, CBS will broadcast the 2025 Video Music Awards, live from UBS Arena on Sunday, Sept. 7 (8-11 PM, ET/5-8 PM PT), and streaming on Paramount+.
Jessica Testa / New York Times:
Spotify debuts new ad tools, including an AI tool in the US and Canada that generates scripts and voiceovers, and pitches itself to advertisers as “nutritional” — After finally achieving profitability, the streaming platform wants to be a healthy alternative to “doom scrolling.”
Discussion:
Inside Radio, Adweek, Spotify, TechCrunch, MediaPost, Music Ally, The Hollywood Reporter, Ad Age and The Media Leader, more at Techmeme »
Naman Ramachandran / Variety:
Australian PM Anthony Albanese asserts his support for local content quotas on streaming platforms, despite pushing their implementation back from July 1 — Australian Prime Minister Anthony Albanese has doubled down on the government's commitment to implement local content quotas for streaming platforms …
Bloomberg:
AI video startup Runway raised $308M led by General Atlantic, sources say at a $3B+ valuation, and plans to hire more filmmakers, screenwriters, and others — The deal, which is set to be announced Thursday, pushes Runway's value to just over $3 billion, according to people familiar …
Discussion:
TechCrunch, Variety, Reuters and Deadline, more at Techmeme »
Katie Deighton / Wall Street Journal:
Former Vice CEO Nancy Dubuc joins Togethxr, a media and commerce startup focused on women's sports, as executive chair; source: revenue so far in 2025 is $30M — The media veteran joins a group of her industry peers at Togethxr, a company that aims to capitalize on interest in women's sports
Discussion:
Deadline and TVNewsCheck
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