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12:05 PM ET, June 1, 2025

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 Top News: 
Sara Fischer / Axios:
PBS and a public TV affiliate in Minnesota sue the Trump administration, saying his executive order to cut federal funding violated PBS' First Amendment rights  —  The nonprofit Public Broadcasting Service (PBS) and one of its local affiliates on Friday said they sued the Trump administration …
Max Tani / Semafor:
The California State Senate opens an inquiry into whether Paramount's reported $15M proposed settlement with Trump violated bribery and unfair competition laws  —  The Scoop  —  The California State Senate has invited two former top CBS figures to testify in a new inquiry into whether …
Chris Willman / Variety:
Taylor Swift acquires the rights to her first six albums from Shamrock Capital; sources say the deal was in the mid-$300M range  —  The deal with Shamrock Holdings was a triumph for Swift after six years of turmoil in which her catalog had been sold and resold.  The final price tag came at what she considered a reasonable price.
Zak Keefer / New York Times:
A profile of sports journalist Pablo Torre, who launched his podcast Pablo Torre Finds Out in 2023 under Meadowlark Media, focusing on “adversarial journalism”  —  He remembers the sweat trickling down his forehead, feeling the weight of his ambitions and the future he'd mapped out.
The Guardian:
An analysis of the top 100 trending TikTok videos under #mentalhealthtips finds 52 contain misinformation, including misused language and quick-fix methods  —  Guardian investigation reveals promotion of dubious advice, questionable supplements and quick-fix healing methods
Rory Carroll / The Guardian:
Former Sinn Féin leader Gerry Adams wins a defamation case against the BBC over a documentary that claimed that Adams had sanctioned an MI5 informant's murder  —  Former Sinn Féin leader sued broadcaster over allegation in documentary that he sanctioned murder of MI5 informant
Chris Gardner / The Hollywood Reporter:
McClatchy will shutter In Touch, Life & Style, Closer, and First for Women in June, laying off their staffs, after acquiring the titles in a December merger  —  “Despite the best efforts of many of our talented colleagues, we have been unable to develop a profitable business model for four …
The Bookseller:
Boundless, which bought crowdfunding publisher Unbound in March, tells authors that royalties accrued before March won't be paid until Boundless is cash stable  —  Authors published by the crowdfunding publisher Unbound will not receive historic royalty payments for sales of their books …
Christopher Grimes / Financial Times:
Art house streaming service and distributor Mubi raised $100M led by Sequoia at a $1B valuation; Mubi has about 20M registered users worldwide  —  Capital infusion led by Silicon Valley firm comes after box office success of ‘The Substance’  —  Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Matthew Keys / The Desk:
Nexstar has deleted references to DEI and data on its workforce composition from its site; it is interested in acquisitions that are subject to FCC approval  —  Nexstar Media Group is the latest major media and entertainment company to soften its diversity, equity and inclusiveness (DEI) …
Discussion: @matthewkeyslive and TVNewsCheck
 
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 More News: 
Todd Spangler / Variety:
Starz reports Q4 revenue down 6.2% YoY to $330.6M, an operating loss of $136.3M, up from $30.8M, and 13.04M streaming subscribers, up 470K from Q3
Mia Sato / The Verge:
Two rival Amazon influencers seek to dismiss their 2024 copyright case, where one accused the other of posting similar promotional content for the same products
Pew Research Center:
The share of news influencers on Bluesky almost doubled after the 2024 US election to 43%, but X remains popular, with 82% of news influencers having an account
 Earlier Picks: 
Thomas Buckley / Bloomberg:
Disney launches a new perks program for Disney+ US subscribers, offering discounts, free items, and more; Hulu plans to debut its own perks program on June 2
New York Times:
The New York Times agrees to license editorial content to Amazon for use in its AI platforms, marking NYT's first licensing deal with a focus on generative AI
 

 
From Techmeme:

Kif Leswing / CNBC:
Apple says general counsel Kate Adams and policy chief Lisa Jackson will retire, and Jennifer Newstead, Meta's former chief legal officer, will replace Adams

Kurt Wagner / Bloomberg:
Sources: Meta is considering deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January

Will Oremus / Washington Post:
Two studies suggest AI chatbots can shift political views more effectively than TV campaign ads, especially by presenting many claims, regardless of accuracy
 
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