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4:45 PM ET, April 7, 2025

Mediagazer

 Top News: 
Bloomberg:
The stock market briefly surged Monday after CNBC, Reuters, and others picked up an erroneous X post that Trump was considering a 90-day pause on tariffs  —  At just after 10 a.m., shouting erupted on the Siebert trading floor in downtown Manhattan.  Mark Malek, the firm's chief investment officer …
Rebecca Rubin / Variety:
A Minecraft Movie collects $157M at the US box office in its opening weekend, the biggest domestic debut of 2025 and best in history for a video game adaptation  —  “A Minecraft Movie” leveled up at the box office, collecting a blockbuster $157 million in its opening weekend.
Tatiana Siegel / Variety:
Sources: Evan Gershkovich is not cooperating on WSJ's documentary and book about his imprisonment, and plans his own film and book, sparking tensions  —  It was a dramatic moment.  On Aug. 1, 2024, Wall Street Journal reporter Evan Gershkovich stepped off a plane in Turkey to freedom, after 16 months spent in a Russian prison.
Charlotte Tobitt / Press Gazette:
RocaNews, a Gen-Z focused outlet that operates via Instagram, a gamified app, newsletters, and YouTube, says it became profitable in October and has 2M readers  —  An American news start-up says it is proving Gen Z audiences will pay for news if it's done the right way.
Discussion: Forbes
Caroline Radnofsky / NBC News:
Most books sold in the US are printed domestically, but new tariffs could raise manufacturing costs, squeezing publisher profits and pushing up book prices  —  Members of BookTok, TikTok's passionate community of readers, have raised concerns over what President Donald Trump's tariffs on imported goods will mean for book publishing.
Discussion: Publishers Weekly
Kyle Wiggers / TechCrunch:
Filing: Moonvalley, whose AI model Marey generates “HD” clips up to 30 seconds in length, raised $43M and says it's working on licensing arrangements  —  Los Angeles-based startup Moonvalley, which is developing AI tools for video creation, has raised a fresh $43 million in venture capital, according to an SEC filing.
Siyanda Mthethwa / Reuters:
Spotify's royalty payouts to South African performers grew 54% YoY in 2024 to $21M, while payouts to Nigerian artists more than doubled to $38M  —  Audio streaming giant Spotify's (SPOT.N) royalty payments to artists from Nigeria and South Africa - its two biggest African markets …
Discussion: Music Ally, Semafor and RouteNote Blog
Joseph Bambridge / Politico:
OpenAI and Google reject the UK's proposal to allow training AI on copyrighted work without permission unless rights holders opt out to “reserve their rights”  —  The U.K. government's AI copyright plans can't seem to please anyone.  —  LONDON — Leading AI companies OpenAI …
RELATED:
Ella Creamer / The Guardian:
A judicial panel consolidates 12 copyright cases against OpenAI and Microsoft in New York, including cases from Ta-Nehisi Coates, John Grisham, and the NYT
 
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 More News: 
Jeremy Barr / Washington Post:
Several prominent conservatives in media notably came out against Trump's tariffs, with the most strident criticism coming from WSJ's editorial board
Gretel Kahn / Reuters Institute:
A look at the inroads made by China, Russia, and Turkey in Africa's information ecosystem and the void they will fill now that VOA has been silenced
Charles Martin / AppleInsider:
The BBC complains to the UK CMA that Apple and Google's news aggregators weaken its relationship with the public by downplaying the BBC branding
Discussion: TechCrunch and Telegraph
 Earlier Picks: 
Axios:
Sources: G/O Media sold business news brand Quartz and commerce site The Inventory to software firm Redbrick, the fourth Quartz ownership change in seven years
Amanda Silberling / TechCrunch:
Joel Kaplan says Meta's US fact-checking program will be over by April 7, and Community Notes will start appearing on Facebook, Threads, and Instagram
Michael M. Grynbaum / New York Times:
Amid the worst stock market sell-off since the 2020 pandemic, Fox News has projected a conspicuous calm and temporarily dropped its onscreen stock ticker
Jonathan Vanian / CNBC:
Trump says he signed an executive order to keep TikTok running for 75 more days, as “the deal requires more work to ensure all necessary approvals are signed”
 

 
From Techmeme:

Bloomberg:
iRobot files for Chapter 11 bankruptcy and reaches a restructuring agreement to hand over control to its secured lender and main Chinese supplier Shenzhen Picea

Emilia David / VentureBeat:
Nvidia launches Nemotron 3, a family of AI models using a hybrid mixture-of-experts architecture and the Mamba-Transformer design, in 30B, 100B, and ~500B sizes

Arsheeya Bajwa / Reuters:
Nvidia announces it has acquired SchedMD, the developer of Slurm, an open-source workload management system for HPC and AI

 
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