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5:20 PM ET, July 17, 2025

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 Top News: 
Gene Maddaus / Variety:
The US Senate votes narrowly early Thursday morning to strip $1.1B in funding from the CPB, in a severe blow to 1,500 local TV and radio stations, PBS, and NPR  —  The Senate voted narrowly early Thursday morning to strip $1.1 billion in funding from the Corporation for Public Broadcasting …
New York Times:
Substack raised a $100M Series C from Chernin Group, a16z, and others, sources say at a $1.1B valuation, as it builds its social network and warms up to ads  —  Substack, originally a newsletter service, says its app now has millions of users interacting with its creators.
Sarah Whitten / CNBC:
Netflix reports Q2 revenue up 16% YoY to $11.08B, vs. $11.07B est., net income of $3.13B, and forecasts 2025 revenue of $44.8B-$45.2B, up from $43.5B-$44.5B  —  - CNBC Councils  — CNBC on Peacock  — Join the CNBC Panel  — Supply Chain Values  — Select Shopping  — Ad Choices
Andrew Deck / Nieman Lab:
Dow Jones launches AI-powered real-time translations of news into French, an expansion of services offering automated translations into Korean and Japanese  —  Dow Jones Newswires launches an AI-powered French language service, following the rollout of Korean and Japanese last year.
Discussion: The Hindu
Alex Sherman / CNBC:
MLB Commissioner Rob Manfred says NBC, Apple, and ESPN are the bidders for the league's Sunday Night Baseball package; ESPN initially opted out of it  —  CNBC's Most Valuable Sports Empires 2025: Here's how the top 20 empires in the world stack up  —  WNBA's Portland Fire unveils name and logo ahead of 2026 tipoff
Brian Steinberg / Variety:
CNBC names David Cho, most recently the EIC of Barron's, as its EIC, replacing both Dan Colarusso and Jay Yarow, ahead of CNBC's planned spin-off into Versant  —  CNBC heads toward market close with a new executive about to come on board to manage its editorial ups and downs.
Alex Weprin / The Hollywood Reporter:
Barstool Sports signs a “wide ranging” deal with Fox Sports, with Dave Portnoy and other Barstool personalities joining Fox's college football coverage  —  Portnoy will join the team of Fox's college football show, with other Barstool personalities.
Blake Brittain / Reuters:
A US judge rules that three authors suing Anthropic can bring a class action on behalf of all US writers whose books Anthropic allegedly pirated to train its AI  —  A California federal judge ruled on Thursday that three authors suing artificial intelligence startup Anthropic for copyright infringement …
Anna Ringstrom / Reuters:
Swedish streaming service Viaplay buys the remaining 50% stake in broadband and satellite TV provider Allente Group from Telenor for ~$113M  —  Swedish streaming group Viaplay Group (VPLAYb.ST) said on Thursday it had agreed to buy the remaining 50% stake in Allente Group from Norway's Telenor …
Sarah Perez / TechCrunch:
Spotify expands audiobook access to family plan members with two new plans, including Audiobooks+ that offers more listening hours, in the UK and 10+ countries  —  Spotify on Thursday announced an expansion of its premium audiobooks service, with two new plans that offer additional listening hours …
Charlotte Tobitt / Press Gazette:
Two years after launch, Reach's US project is profitable, has a 70-person team, and one editor-in-chief for all three US titles, Mirror, Express, and Irish Star  —  US-based versions of Mirror, Express and Irish Star “washing their own face” within Reach.  —  A “methodical” …
 
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 More News: 
Josef Adalian / Vulture:
Peacock will raise prices by $3 per month for new users starting July 23 and test a $7.99/month ad-supported “Select” tier without sports and some other content
Financial Times:
Sources: former Goldman Sachs banker Simon Dingemans and former Sainsbury's CEO Justin King are among those on a shortlist to chair Channel 4
Reuters:
Publicis raises its full-year growth forecast to ~5% after stronger-than-expected Q2 results, and CEO Arthur Sadoun dismisses concerns over Meta's AI ad systems
 Earlier Picks: 
Josh Hersh / Columbia Journalism Review:
Q&A with Alan Rusbridger on criticism of the BBC for its Gaza coverage, the difficulty of leading the broadcaster, the need for it to be independent, and more
Erik Ofgang / New York Times:
Some US states pass or explore laws aimed at reining in the cost of e-books for libraries, which often pay 10x more for e-book licenses than print copies
Oliver Darcy / Status:
Leaked all-hands: Mathias Döpfner said Axel Springer employees must use AI, opposed disclosing to readers whether AI was used in the reporting process, and more
Tyler Falk / Current:
New York Public Radio CEO LaFontaine Oliver is stepping down from the position and stepping into the newly created position of executive chair
Discussion: Inside Radio and Radio Ink
 

 
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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