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11:50 AM ET, September 26, 2025

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 Top News: 
Bloomberg:
Sources: ByteDance is expected to receive ~50% of TikTok US' overall profit despite selling majority ownership to US investors, including a 20% licensing fee  —  TikTok's Chinese parent company will likely get about half of the profit from the platform's US operation even after it sells majority ownership …
RELATED:
Bloomberg:
The Trump administration's $14B valuation of TikTok's US business falls well below previous estimates of around $40B, considered a bargain by investors  —  The $14 billion valuation that the Trump administration has estimated for TikTok's US business falls well below projections …
Associated Press:
Trump signs an EO declaring that a proposed deal allowing TikTok to continue operating in the US will be a qualified sale that meets national security concerns  —  President Donald Trump has signed an executive order declaring that a proposed deal allowing TikTok to continue operating …
Dylan Butts / CNBC:
China and its media are quiet about the TikTok deal, a notable silence as China can still decide the app's fate; Chinese social media chatter has been limited
more at Techmeme »
Jonathan Vanian / CNBC:
Trump says Xi Jinping approved the TikTok deal, and JD Vance says the transaction values TikTok US at $14B; ByteDance hasn't acknowledged the deal
Ari Levy / CNBC:
Sources: Oracle, Silver Lake, and Abu Dhabi's MGX will be the main TikTok USA investors, with a ~45% stake; ByteDance will own 19.9% and ByteDance investors 35%
Alex Ritman / Variety:
Internal memo: Pam Kaufman, the head of Paramount's international business and a longtime studio veteran, is leaving the company after almost 30 years  —  According to sources, Kaufman will be stepping back from her current position as president and CEO of international markets …
Bloomberg:
Meta plans to launch paid, ad-free versions of Instagram and Facebook in the UK, each costing £2.99 per month on the web, and £3.99 on iOS and Android  —  Meta Platforms Inc. will soon offer paid versions of Facebook and Instagram in the UK that will remove advertising from both platforms.
Sara Fischer / Axios:
NBCUniversal warns customers that its networks may be dropped from YouTube TV if the two parties cannot reach a new distribution agreement by September 30  —  NBCUniversal on Thursday warned customers that its networks may be dropped from YouTube TV if the two parties cannot reach a new distribution agreement by Sept. 30.
Matthew Leake / Reuters Institute:
An interview with Dzaky Putra, editor-in-chief of Indonesian political news outlet WIUI, which shares news with its Gen Z audience using a casual tone and memes  —  Following the biggest protests in decades, the editor-in-chief of ‘What Is Up, Indonesia?’ explains how the ‘not yet official’ news site doubled its following in a year
Jacob Judah / MIT Technology Review:
How inaccurate AI translations of Wikipedia pages, which AI models use for training, may cause a doom spiral that further marginalizes vulnerable languages  —  When Kenneth Wehr started managing the Greenlandic-language version of Wikipedia four years ago, his first act was to delete almost everything.
Alex Weprin / The Hollywood Reporter:
Filing: Lachlan Murdoch's fiscal 2025 compensation jumped to $33M, including a $3M salary and $10.6M in stock awards, up from $23.8M in 2024 and $21.8M in 2023  —  Weeks after settling with his siblings over who will control Fox, the company revealed that the CEO's fiscal 2025 pay rose significantly from 2024.
Discussion: TVNewsCheck, The Wrap and Deadline
Kristin Robinson / Billboard:
AI music startup Suno launches Suno Studio, in beta with its premier plan; the digital audio workstation combines Suno's music generation tools into one product  —  The company says it has been quietly introducing Suno Studio to professional musicians at songwriting camps.
 
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 More News: 
Juby Babu / Reuters:
Meta rolls out Vibes, a platform where users can create and share short-form, AI-generated videos, in the Meta AI app and on the meta.ai website
Blake Brittain / Reuters:
A US federal judge preliminarily approves Anthropic's $1.5B copyright settlement with authors
Andrew Marchand / The Athletic:
Sources: Netflix will stream MLB's Opening Day game between the Yankees and the Giants in 2026, as part of a new three-year agreement with the streamer
Todd Spangler / Variety:
Paramount Skydance Names Makan Delrahim, formerly head of the DOJ's antitrust division during President Trump's first term, as chief legal officer
 Earlier Picks: 
Trishla Ostwal / Adweek:
A job listing shows OpenAI wants to expand ChatGPT advertising capabilities with internal tools for campaigns, platform integration, and real-time attribution
Jim Milliot / Publishers Weekly:
Greenleaf Book Group and Amplify Publishing Group have been acquired by Civica Media, a new publishing company formed by private equity firm BlackBern Partners
 

 
From Techmeme:

Kurt Wagner / Bloomberg:
Sources: Meta is considering deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January

Kif Leswing / CNBC:
Apple says general counsel Kate Adams and policy chief Lisa Jackson will retire, and Jennifer Newstead, Meta's former chief legal officer, will replace Adams

Will Oremus / Washington Post:
Two studies suggest AI chatbots can shift political views more effectively than TV campaign ads, especially by presenting many claims, regardless of accuracy
 
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