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2:45 AM ET, May 29, 2025

Mediagazer

 Top News: 
Wall Street Journal:
Sources: Paramount has offered $15M to settle with Trump; Trump's team wants more than $25M, is seeking an apology from CBS News, and threatened another lawsuit  —  President's team threatened another lawsuit amid settlement talks  —  A month into negotiations between Paramount Global …
Ben Johansen / Politico:
Sources: all 800 full-time VOA staff are expected to receive reduction-in-force notices this week, after ~600 VOA contractors were dismissed earlier in May  —  The move would add to the grueling battle between the network and Trump administration.  —  All remaining staff at Voice of America …
Brian Steinberg / Variety:
Memo: David Leavy, who became CNN's COO in 2023, is leaving; sources say the longtime key lieutenant of David Zaslav is returning to Warner Bros. Discovery  —  “David arrived at CNN in tumultuous times and did a brilliant job stabilizing the company at a difficult moment.
Anupriya Datta / Euractiv:
EU Tech Commissioner Henna Virkkunen says that far more online content is being removed in the EU under the T&Cs of US platforms than as a result of the DSA  —  “Often in the US, platforms have more strict rules with content,” Virkkunen said.  —  Based on facts, either observed …
more at Techmeme »
Wall Street Journal:
Making a short AI film with tools from Google, Runway, Elevenlabs, and Midjourney shows the tech has improved but takes tedious work to attain scene consistency  —  We tried to direct an AI film with Veo and Runway.  The tools are magic.  The process is madness.  —  Welcome to the premiere of “My Robot & Me.”
Discussion: PetaPixel
Lachlan Cartwright / Breaker:
Email: a senior business reporter at The New York Post says an editor spiked a story about Terry Cole, Trump's pick to lead the DEA, slated to run on March 22  —  MSNBC anchor in talks to leave; Post Trump story spiked; Telegraph owner's US Play  —  In partnership with
Charlotte Tobitt / Press Gazette:
Immediate Media's BBC History Magazine launches a Substack and a weekly podcast, and says it has 745,000 paying online subscribers, but print remains important  —  Substack newsletter and podcast are latest additions to the brand.  —  Immediate Media's BBC History has proved again …
Discussion: Press Gazette
Lucas Shaw / Bloomberg:
A look at YouTube's changes to become viewers' preferred TV service and to appeal more to advertisers, and at creators' push into sitcoms, like Alan's Universe  —  Creators are making longer shows to meet viewers where they are: increasingly, in front of their TVs.
Charlotte Tobitt / Press Gazette:
Tamar Riley, global managing director at Refinery29 since July 2022, is set to join The Standard, formerly The Evening Standard, as CEO on July 14  —  The new chief executive of The Standard will join from women's lifestyle brand Refinery29 in July.  —  Tamar Riley has been global managing director …
 
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 More News: 
Dominic Ponsford / Press Gazette:
The UK's Press Gazette launches a paywall, charging £9.99 per month or £99 per year, and plans to add AI-enhanced search, its first app, and a print product
Bloomberg:
Sources: QVC is consulting advisers to explore options for its $5B+ debt; its stock has fallen 99%+ in the past four years, cutting its market cap to ~$72M
Discussion: @whoa-magic.lol
Lauren Egan / The Bulwark:
Substack aims to become the essential online arena for politics and is approaching candidates to join; Pete Buttigieg and other Democrats are on the platform
 Earlier Picks: 
Nicholas Quah / Vulture:
A look at the “New Media Circuit” that stars must navigate to create publicity for their work as legacy media's influence ebbs and media fragmentation grows
Nilay Patel / The Verge:
Q&A with Sundar Pichai on the future of search and the web, seeing “overall query growth”, News Media Alliance calling AI Mode “theft”, and more
Joe Holley / The Texas Observer:
Ronnie Dugger, the founding editor, publisher, and owner of the Austin-based Texas Observer, where he exposed bigotry and corporate greed, has died at 95
Kelly Burke / The Guardian:
Australia's communications regulator: commercial TV networks have significantly cut their spending on kids' scripted content, with just $1.75M spent in 2023-24
Discussion: ACMA
 

 
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:
Google sold $35B in stock in its equity raise this week, up from its planned $30B and taking its total funding to $85B; a source says it contacted ~75 investors

Brendan Bordelon / Politico:
OpenAI diverges from Trump's AI EO in a new policy paper, proposing cyber risk evaluations for advanced AI systems be mandatory and led by CAISI, not the NSA
 
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