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1:20 PM ET, May 29, 2025

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 Top News: 
New York Times:
NYT and Amazon agree to a content licensing deal for use in Amazon's AI platforms and to bring the NYT's “content to a variety of Amazon customer experiences”  —  In 2023, The Times sued OpenAI and Microsoft for copyright infringement.  Now its editorial content will appear across Amazon platforms.
Todd Spangler / Variety:
Memo: Business Insider is cutting staff by 21% to “endure extreme traffic drops outside of our control” and “exiting the majority of our Commerce business”  —  Business Insider is making significant layoffs — cutting 21% of staffers across the board …
Wall Street Journal:
Sources: Paramount offers $15M to settle with President Trump, whose team wants $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 …
Aisha Malik / TechCrunch:
YouTube plans to roll out Google Lens integration to Shorts in the coming weeks, allowing users to search for elements within Shorts  —  YouTube announced on Thursday that it's bringing Google Lens to YouTube Shorts in the coming weeks.  With this integration, viewers will soon be able …
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  —  Immediate Media's BBC History has proved again that it is not living in the past when it comes to current publishing strategies …
Discussion: Press Gazette
Sarah Scire / Nieman Lab:
Interview with Times Media Group's Steve Strickbine, who employs 60 journalists across 60+ local US papers and says papers are better off diminished than dead  —  “It's just kind of the way it is.  Do we have the watchdog role?  Can we do that now in all these areas?  No. I think that's obvious."
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.”
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.
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.
 
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 Earlier Picks: 
Ryan Browne / CNBC:
Getty Images CEO Craig Peters says Getty is spending “millions and millions” on its Stability AI lawsuit in the UK and the US, accusing it of copying 12M images
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
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
 

 
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

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

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
 
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