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7:45 AM ET, June 10, 2025

Mediagazer

 Top News: 
Lillian Rizzo / CNBC:
Internal memo: Paramount Global is cutting its US-based staff by 3.5% and may also reduce its workforce outside of the US over time  —  Paramount Global is cutting its U.S.-based staff by 3.5%, the latest round of layoffs at the media company as it contends with the decline of the traditional pay-TV bundle and macroeconomic headwinds.
Bloomberg:
Tencent Music agrees to buy podcasting startup Ximalaya for $1.3B in cash, plus some stock, in a bid to become China's Spotify; Ximalaya had 303M MAUs in 2023  —  The company, a unit of WeChat-operator Tencent Holdings Ltd., will issue shares to its founders and other backers to help fund the acquisition, it said in a statement.
Discussion: Reuters
Washington Post:
CPJ says police have assaulted “more than 20” journalists, including by less-lethal projectiles, since LA protests began on June 6, echoing the 2020 US protests  —  Reporters say they were struck with less-lethal rounds fired by law enforcement.  Advocates worry it will inhibit vital journalism.
Sarah Fortinsky / The Hill:
CPB CEO Patricia Harrison says three board members that President Trump tried to fire in April remain directors, after a US judge recognizes CPB's independence  —  Correction: A previous version of this article gave incorrect names of the fired CPB board members.  They are Laura Ross, Diane Kaplan and Thomas Rothman.
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  —  Disney agreed to buy Comcast's 33 percent stake in Hulu in 2023, after an extended appraisal process, the deal is finally set to close.
Mike Schneider / Associated Press:
The Orlando Sentinel got a cease-and-desist from Florida's DCF that claims its reporter coerced families for a story on a foundation tied to Gov. DeSantis' wife  —  Florida's child welfare agency sent a letter to a Florida newspaper telling it to “cease and desist” its reporting on foster families …
Michael Savage / The Guardian:
WPP Media expects ad revenue from user-generated content and platforms like YouTube and TikTok to surpass that from traditional media for the first time in 2025  —  User-generated material to surpass advertising income from professional media amid change in viewing habits
Natalie Korach / Vanity Fair:
Q&A with Maggie Haberman about covering Trump's second term, how the media is separating “the signal from the noise”, Trump's threats, Biden's decline, and more  —  The New York Times' stalwart Trump chronicler, who's out this week with a new afterword to Confidence Man …
Discussion: @nataliekorach
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
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
Variety:
SAG-AFTRA reaches a tentative deal with Activision, EA, Epic, Take-Two, and other game companies on the Interactive Media Contract, after months of strikes  —  The video game actors' strike may soon come to an end.  —  The Screen Actors Guild-American Federation of Television and Radio Artists …
Press Gazette:
A UK High Court judge dismisses green energy industrialist Dale Vince's data protection lawsuit against Daily Mail publisher ANL  —  Green energy industrialist Dale Vince's High Court data protection claim against the publisher of the Daily Mail has been thrown out by a judge.
Discussion: Irish News
Cecilia D'Anastasio / Bloomberg:
Roblox hires Paramount's Naveen Chopra as CFO starting June 30; Chopra previously held senior roles at Amazon and served as CFO at Pandora and TiVo  —  Samsung's Galaxy S25 Edge Shows the Limits of Impressively Thin Phones … Explainers
 
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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
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
 Earlier Picks: 
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
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
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
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
 

 
From Techmeme:

Barbara Ortutay / Associated Press:
Trump extends the TikTok ban deadline for a third time; there is no legal basis for the extensions and it is unclear how many times the deadline can be extended

Peggy Corlin / Euronews:
The EU says Apple and Meta will not face sanctions immediately after their 60-day DMA grace period ends on June 26, following €500M and €200M fines in April

Richard Waters / Financial Times:
Tesla's robotaxi service will launch in Austin with just ~10 cars that are geofenced to avoid complex intersections and monitored by backup teleoperators
 
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