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5:45 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]
Trishla Ostwal / Adweek:
At the adtech remedy hearing, Google says it's open to giving competitors access to real-time bidding data from its ad exchange AdX, but it rejects a breakup  —  The tech giant faces a Sept. 22 remedies trial over a partial monopoly in its adtech stack  —  At the landmark adtech remedy hearing today …
RELATED:
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
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.
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.
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 16%+  —  The sports-focused streamer earlier unveiled a deal to merge with Walt Disney's Hulu+ live TV business.
Eileen Guo / MIT Technology Review:
A Trump appointee asked State Dept. for internal communications with journalists and others for a Twitter Files-style dump about “censorship” of conservatives  —  A previously unreported document distributed by senior US State Department official Darren Beattie reveals a sweeping effort …
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.
Brian Steinberg / Variety:
As part of its Kentucky Derby coverage, NBC News will feature a new digital hub on NBCNews.com with content from NBC Sports, access to its FAST channel, more  —  NBC News wants to play a game that has not always interested the nation's biggest purveyors of TV news.
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%  —  Roku turned in first-quarter 2025 earnings that edged over Wall Street forecasts and announced a $185 million deal to buy Frndly TV …
RELATED:
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
 
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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
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From Techmeme:

Bailey Lipschultz / Bloomberg:
Filing: SpaceX aims to raise $75B in its IPO, selling 555.6M shares at $135 each, which would value the company at almost $1.77T

Katherine Blunt / Wall Street Journal:
Alphabet upsized its equity raise to $84.75B, including $35B in underwritten public offerings, up from a planned $30B; a source says it contacted ~75 investors

Carl Franzen / VentureBeat:
Google introduces Gemma 4 12B, a unified, encoder-free open multimodal model that can run locally on devices with 16GB of VRAM or unified memory

 
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