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7:20 PM ET, June 9, 2025

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 Top News: 
Joe Flint / Wall Street Journal:
WBD splits into two publicly traded companies: Global Networks, with CNN and other cable channels, and Streaming & Studios, with HBO Max and its studio business  —  The entertainment company is contending with a hefty debt load and a sagging stock price
RELATED:
Jacob Pramuk / CNBC:
WBD says David Zaslav will be CEO of the new Streaming & Studios business, and current WBD CFO Gunnar Wiedenfels will become CEO of the Global Networks business  —  Warner Bros. Discovery plans to split into two public companies by next year, the media giant announced Monday …
Tony Maglio / The Hollywood Reporter:
WBD's split is set to close in mid-2026; CFO Gunnar Wiedenfels says he assumes “the majority” of WBD's ~$37B debt will exist with the spun off Global Networks
Ted Johnson / Deadline:
ABC News suspends senior national correspondent Terry Moran over a now-deleted X post calling Trump administration official Stephen Miller a “world class hater”  —  ABC News said that it has suspended senior national correspondent Terry Moran over a late night X post, now deleted …
New York Times:
Docs: from mid-December, YouTube told moderators to prioritize “freedom of expression” over potential harm, including for political, social, and cultural issues  —  The world's largest video platform has told content moderators to favor “freedom of expression” over the risk of harm in deciding what to take down.
Max Tani / Semafor:
Politico's editorial union says its new AI tool generates garbled or made-up DC intelligence, including a fictional basket-weaver guild; Politico defends it  —  The Scoop  —  Politico's new AI product has generated garbled or made-up Washington intelligence, including a lobbying effort …
Natasha May / The Guardian:
9News Australia reporter Lauren Tomasi was shot with a rubber bullet by law enforcement live on camera while reporting on LA protests against immigration raids  —  Nine correspondent Lauren Tomasi was filming a piece to camera about LAPD ‘moving in’ on demonstrators when struck by bullet
Brian Stelter / CNN:
Dr. Phil was embedded with ICE during the LA immigration raids, for a report on McGraw's Merit TV, highlighting the made-for-TV nature of Trump's crackdown  —  As federal agents prepared to fan out in Los Angeles for a controversial immigration crackdown, the officers were greeted by a familiar face: Dr. Phil McGraw.
Katharine Viner / The Guardian:
The Guardian partners with Cambridge University to launch Secure Messaging in its app, protecting sources by making messages indistinguishable from other data  —  Today, the Guardian, in collaboration with the University of Cambridge, launches Secure Messaging, a world-first from a media organisation
Gene Maddaus / Variety:
A US federal judge dismisses Justin Baldoni's $400M defamation claim against Blake Lively, finding Lively's sexual harassment claims were legally protected  —  Judge Lewis J. Liman dismissed Baldoni's entire lawsuit — which also alleged extortion and other claims — but allowed him to amend …
 
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 More News: 
Washington Post:
WaPo names Sam Han as its first Chief AI Officer and unveils WP Incubator, modeled after Silicon Valley incubators to develop new products and business lines
Alex Weprin / The Hollywood Reporter:
Disney closes its deal with Comcast to buy out NBCUniversal's 33% stake in Hulu, paying an additional $439M, after agreeing in 2023 to pay $8.61B
Dominic Ponsford / Press Gazette:
Axel Springer CEO Mathias Dopfner plans to mandate that all staff spend at least four days per week in the office, impacting staff at titles like Politico
Mark Sweney / The Guardian:
In a wide-ranging report, the BFI says AI companies are plundering 130K UK film and TV scripts to train AI models in a “direct threat” to the industry's future
 Earlier Picks: 
Daniel Thomas / Financial Times:
WPP CEO Mark Read plans to leave WPP by the end of 2025 after 30+ years, as the ad firm faces a near five-year share price low and AI-driven industry upheaval
Bloomberg:
Despite MLB's strong start to the season, with viewership broadly up, it is scrambling to find a buyer for a major TV package ESPN backed out of in February
Discussion: Forbes
New York Times:
In its ruling letting Trump bar AP, a US appeals court says small settings like the Oval Office are essentially invite-only and not covered by 1A protections
 

 
From Techmeme:

Todd Spangler / Variety:
The Trump Organization teases the $499 “T1 Phone”, a gold phone “designed and built” in the US, and Trump Mobile, an MVNO that uses AT&T, Verizon, and T-Mobile

Sergiu Gatlan / BleepingComputer:
Europol, Germany, and more dismantle Archetyp Market, a darknet drug marketplace active since May 2020 with 612K users processing €250M+ in Monero transactions

Financial Times:
Digital asset platform Tron plans to go public via a reverse merger with Nasdaq-listed SRM Entertainment, after the US paused a probe into founder Justin Sun
 
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