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12:40 PM ET, May 2, 2025

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 Top News: 
Associated Press:
President Trump signed an EO on May 1 instructing CPB and other agencies to cut federal funding for NPR and PBS, alleging “bias” in the broadcasters' reporting  —  President Donald Trump on Thursday signed an executive order aiming to slash public subsidies to PBS and NPR as he alleged “bias” in the broadcasters' reporting.
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NPR:
NPR says President Trump's EO is an affront to the First Amendment rights of NPR and that it will challenge the EO “using all means available”  —  NPR is unwavering in our commitment to integrity, editorial independence, and our mission to serve the American people in partnership with our NPR Member organizations.
CPB:
In response to Trump's EO, CPB CEO says CPB is “not a federal executive agency subject to the President's authority” but a private nonprofit corporation  —  WASHINGTON, D.C, (May 2, 2025) — Patricia Harrison, President and CEO of the Corporation for Public Broadcasting (CPB) …
Ben Mullin / @benmullin:
PBS CEO Paula Kerger calls Trump's EO defunding the CPB “blatantly unlawful” and says PBS is exploring “all options” to allow the network to continue operating  —  PBS Chief Executive Paula Kerger calls President Trump's executive order defunding the Corporation for Public Broadcasting “blatantly unlawful”: [image]
Bron Maher / Press Gazette:
RSF's 2025 Press Freedom Index classifies media freedom globally as “difficult”, a first; economic score hits a record low due to ownership concentration, more  —  Global press freedom has hit an all-time low as measured in Reporters Without Borders' annual index.
Brian Stelter / CNN:
Radio Free Asia is laying off most of its staff and shutting down many of its news broadcasts and streams due to a funding battle with the Trump administration  —  Radio Free Asia is laying off most of its staff and shutting down many of its news broadcasts and streams, amid a funding battle with the Trump administration.
Dade Hayes / Deadline:
Roku acquires Frndly TV, a provider of low-cost TV bundles delivered via streaming, for $185M, which includes $75M in performance-based holdbacks  —  Roku is paying $185 million to acquire Frndly TV, a provider of low-cost TV bundles delivered via streaming.
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Todd Spangler / Variety:
Roku reports Q1 revenue up 16% YoY to $1.02B, vs. $1.01B est., and a net loss of $27.4M, compared to a $50.9M net loss in Q1 2024; ROKU drops 5%
Etan Vlessing / The Hollywood Reporter:
FuboTV reports Q1 revenue up 3.4% to $416.3M, subscription revenue up 4.7% to $391.4M, and 1.47M subscribers, down from 1.67M in Q4 2024; FUBO drops 13%+  —  The sports-focused streamer earlier unveiled a deal to merge with Walt Disney's Hulu+ live TV business.
Hayden Field / CNBC:
A US judge schedules the US government's remedies trial in the Google antitrust case regarding its advertising tech to begin on September 22  —  The U.S. government's remedies trial in the Google antitrust case regarding its advertising tech is scheduled to begin on Sept. 22, according to civil hearing minutes released Friday.
Ann Gehan / The Information:
Livestream marketplace Whatnot says it hit $3B+ worth of goods sold through its app last year and viewers spend 80+ minutes per day on average on the app  —  Livestream shopping, while popular in Asia on apps like ByteDance-owned Douyin and Alibaba's Taobao Live, has been hard for most U.S.-focused startups and creators to crack.
Todd Spangler / Variety:
Apple reports Q2 revenue from Services, which includes the App Store, Apple TV+, and Apple Music, up 12% YoY to $26.65B, a new record but below $26.7B est.  —  The company overall topped Wall Street estimates for the quarter as investors awaited word on how President Trump's tariffs might hurt its business.
Ethan Gach / Kotaku:
Polygon staff, including co-founder and EIC Chris Plante, say the video games publication has laid them off, after Vox Media sold Polygon to publisher Valnet  —  One of the biggest gaming sites around was just blown up  —  The video game website Polygon has been sold to click-farm powerhouse Valnet …
Discussion: @zosham, James Bareham on LinkedIn, @patrickklepek.bsky.social, @genepark, @jacobkleinman, @gamoid, @812filmreviews, @metaplexmovies, @kasey__moore, @allypalanzi.com, @loudmouthjulia, @simonowens, @ohnorosco, @cecianasta, @mikestrawmedia, @mattbrownep, @theotherfrost, @legsfrank, @okayy_dan, @toadsanime, @echoapsey, @haasch_palmer, @cecianasta, @jacobkleinman, @elmayimbe, Ted Brown on LinkedIn, @brkeogh.bsky.social, Chase C. on LinkedIn, @timbeedle.bsky.social, Michael Futter on LinkedIn, @samitsarkar.bsky.social, 404 Media, @tasharobinson.bsky.social, PC Gamer, @gamerswithglasses.bsky.social, @joeo10@mastodon.sdf.org, @eyepatchguy.bsky.social, Ars Technica, @thatwitchmia.bsky.social, @davidimel@threads.com, @coachfinstock.bsky.social, The Wrap, @danack@threads.com, @mattcaulder.com, @therisingtithes.bsky.social, Comic Book, @tcarmody.bsky.social, @invadersil@mastodon.social, @alicejovanee.bsky.social, @tched.com, @morrus.bsky.social, @812filmreviews.com, @briamgilbert.bsky.social, @alissawilkinson.bsky.social, Business Wire, Axios, @caseynewton.bsky.social, @netopwibby@social.coop, @mtsw.bsky.social, @mattreyn.games, @johnnychugs.bsky.social, Video Games Chronicle, @cliffwade@infosec.exchange, @carlivelocci.com, @echoapsey.bsky.social, @monagle.bsky.social, @palmerh.bsky.social, @aemccarthy.bsky.social, @alexaray.bsky.social, @jonchristian.net, @mitchyd.bsky.social, @mattleone.bsky.social, @agramuglia.bsky.social, @petevolk.bsky.social, @pokachee.bsky.social, @nicolecarpenter.bsky.social, @alexnavarro.bsky.social, @parismarx.com, @grubb.wtf, @plante.bsky.social, @papapishu.bsky.social, @sethrosenthal.bsky.social, @jacoboller.bsky.social, @jaypeters.net, @jayasaxena.com, @botherer.bsky.social, @mmcwhertor.bsky.social, The Verge, a world with more sparrows … and petrana @ polygon
 
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 More News: 
Lawrence Abrams / BleepingComputer:
A California man pleads guilty to illegally accessing Disney's Slack channels and stealing 1.1TB+ of data in 2024; he later posed as hacktivist group NullBulge
Todd Spangler / Variety:
Ari Emanuel acquires Frieze, an art events and media company, from Endeavor, and will make Frieze a part of his unnamed global events and experiences company
Alex Weprin / The Hollywood Reporter:
Peacock plans to debut on May 19 four new original series developed by digital creators who participated in an NBCUniversal accelerator program
Discussion: WORLD SCREEN and TechCrunch
 Earlier Picks: 
James Manso / WWD:
Gallery Media Group acquires fashion and beauty outlet Coveteur, which was closed in 2024, and names Faith Xue, who joins from Bustle Digital Group, as the EIC
Saleah Blancaflor / Adweek:
Nielsen launches The Ad Supported Gauge, a quarterly report on how TV delivers advertising, says 72.4% of TV viewing was on ad-supported platforms in Q1 2025
Aisha Counts / Bloomberg:
LinkedIn says it will share ad revenue with creators for the first time, starting with 30 B2B creators, and says users now watch 36% more videos than a year ago
 

 
From Techmeme:

Ivan Mehta / TechCrunch:
Google unveils the Universal Commerce Protocol (UCP), a new open standard that lets AI agents work across different parts of the customer's buying process

Terrence O'Brien / The Verge:
Instagram says there was no breach and it fixed an issue that let an external party send password reset emails, after reports that 17.5M users' data was exposed

Bloomberg:
Malaysia becomes the second country to limit access to Grok, joining Indonesia, over the chatbot's generation of sexual content

 
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