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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
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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
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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
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
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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.
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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
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
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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.
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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.

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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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 …
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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
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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.
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Sources: Sony Music has acquired Hipgnosis Songs, three months after it was rebranded as Recognition Music — News of Sony's acquisition comes three months after Hipgnosis rebranded itself as Recognition Music Group. … Emails obtained by Billboard under the subject line …
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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 …

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 — Axel Springer CEO Mathias Dopfner plans to mandate that all staff spend at least four days per week in the office.

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.