Top News:
April Roach / CNBC:
Bill Ackman's Pershing Square proposes to acquire Amsterdam-listed Universal Music Group for €56B in cash and stock, form a merged company, and list on the NYSE — Activist investor Pershing Square said Tuesday it is planning to buy Universal Music Group in a cash and stock deal worth about 55.8 billion euros ($64.4 billion).
Discussion:
New York Post, Reuters, The Independent, @stocksavvyshay, @billackman and Proactive
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Mateusz Rabiega / Reuters:
UMG shares jump 10%+ following Pershing Square's €56B offer, which is a 78% premium to their April 2 close; UMG is down nearly a third since its 2021 listing — Bill Ackman's Pershing Square (PSHP.L) proposed a deal on Tuesday to merge Universal Music Group (UMG.AS) …
Discussion:
Billboard, Pershing Square, CNN, Forbes, Wall Street Journal, Digital Music News, Fast Company, Australian Financial Review, Music Ally, Bloomberg, Music Business Worldwide, CBS News, Reuters, Benzinga, Barron's Online, Proactive, The Irish Times, The Standard, The Times, The Independent, Wall Street Journal, Blockonomi, Variety, Associated Press, Telegraph, New York Times, The Next Web, The Guardian, Financial Times, The Hollywood Reporter, Deadline and Dow Jones Newswires
Cheyanne M. Daniels / Politico:
Trump threatens to find and jail the journalist who reported that a US officer was awaiting rescue in Iran last week, unless the journalist reveals their source — Two crew members of the F-15E Strike Eagle had self-ejected from the cockpit on Friday after Iranian military forces struck their plane.
Discussion:
New York Times, NBC News, The Hill, Mediaite, Washington Post, The Guardian, @esaagar, CNN, Fox News, New York Post, @ryangrim, @atrupar, @ryangrim, @lyndagood.bsky.social, Reality Tea, The Indian Express, @jeremymbarr, Meidas+, @scottnover, Newsweek, @mlcalderone, National Enquirer, Freedom of the Press …, Reuters, The Daily Caller, RedState, Straight Arrow News, Deadline, The Daily Wire, Mirror, New Republic, Raw Story, The Wrap, Bloomberg, GB News, Alternet.org, The Sun, Metro.co.uk and NBC Los Angeles
Michael Schneider / Variety:
CBS is selling its 11:35pm ET timeslot to Byron Allen, who will air episodes of Comics Unleashed starting May 22, after The Late Show With Stephen Colbert ends — As “The Late Show With Stephen Colbert” ends its run next month, CBS has opted to turn its 11:35 p.m. ET post-local news timeslot …
Discussion:
The Hollywood Reporter, CNN, Washington Times, Deadline, UPI, TODAY.com, TheDesk.net, @rickporter.bsky.social, WUSA, @tomleykis.bsky.social, @matthewkeyslive, Forbes, @justinbaragona.bsky.social, @corbinbolies, @alexweprin, @jbflint, @bdomenech, HotAir, @alexweprin, @variety, @jeremymbarr, Fox News, Daily Mail, @jessehawken.bsky.social, MediaPost, Reality Tea, Breitbart, Barrett Media, The Post Millennial, @adamrose.bsky.social, TV Insider, Hollywood Life, NewsMax.com, New York Daily News, @nemalki.bsky.social, Reuters, New York Post, The US Sun, IJR, The Hill, The Daily Beast, ScreenRant, Consequence, TV Insider, E! Online, The A.V. Club, LateNighter, Los Angeles Times, The Wrap and ME
David Bauder / Associated Press:
The News Media Guild says more than 120 of the AP staff members it represents received buyout offers on Monday — The Associated Press, one of the world's oldest and most influential news organizations, said Monday it is offering buyouts to an unspecified number of its U.S.-based journalists …
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Sara Fischer / Axios:
The AP plans dozens of US staff cuts with the goal of reducing global staff by <5%, amid a shift from hyper-local print coverage to video and national topics
The AP plans dozens of US staff cuts with the goal of reducing global staff by <5%, amid a shift from hyper-local print coverage to video and national topics
Discussion:
The Hill, @natebowling.com, @mimarek@universeodon.com, @casmudde.bsky.social, @climatebrad.hillheat.com, @bymichellersmith.com, Inside Radio, @sarahweinman.com, @ncstories.bsky.social, @mattsheffield@mastodon.social, @sarafischer, @lawrencehurley.bsky.social, @johnvoelcker.bsky.social, @karenattiah.bsky.social, @hackintimseeley.bsky.social, @juliedicaro.bsky.social, New York Post, Michael Sisak on LinkedIn, @mhwilliams.bsky.social, @megherbst.bsky.social, @sonjadrimmer.bsky.social and @ndhapple.bsky.social
Nate Silver / Silver Bulletin:
How social media became a “freak show”: X punishes external links and most top accounts, such as Catturd, are very low-quality but get more engagement than NYT — The ecosystem is unhealthy, especially on Twitter, and that's producing some strange beasts among the most influential accounts.
Discussion:
@devahaz, @blueboxdave, @mikeisaac, @robbysoave, @mikeisaac, @ryanburge, @timcast, @davidafrench, @christopherrufo, @besttrousers, @asymmetricinfo, @esjesjesj, @richardhanania, @nntaleb, @notjessewalker, @literaryeric, @datarepublican, @david_ingram, @clairlemon, @ryanburge, @bretdevereaux, @nikitabier, @jeremiahdjohns, @moultano, @nikitabier, @benryanwriter, @alicefromqueens, @micsolana, @noahpinion, @phl43, @razibkhan, @mikeisaac, @jamessurowiecki, @konstantinkisin, @phl43, @david_ingram, @asymmetricinfo, @richardhanania, @christopherrufo, @akoustov, @richardhanania, @alx, @jason_koebler, @richardhanania, @richardhanania, Fortune, @jaredlholt, @stefanfschubert, @haroon, @akarlin, @yimbyland, @micsolana, @modeledbehavior, @micsolana, @aricohn, @cesifoti, @buccocapital, @modeledbehavior, @mattvanswol, @neeratanden, @modeledbehavior, @soncharm, @natesilver538, @davidu, @paulnovosad, @nikitabier, @jason_kint, @ddiamond, @jason_kint, @zerohedge, @kasparov63, @nkulw, Jay Van Bavel, PhD on LinkedIn, Adam Shapiro on LinkedIn, @petersavodnik, @raharrisonpa, @katiemiller, @alanmcole, @elonmusk, @yacinemtb, @alx, @elonmusk, @kareem_carr, @elonmusk, @natesilver538, @crazy_stephen_i, @jonatanpallesen, @catturd2, @juliangough, @ryanradia, @alanmcole, @nikitabier, @natesilver538, @jaybaxter, @natesilver538, @tha_muser, @jamessurowiecki, @catturd2, @natesilver538, @nikitabier, @natesilver538, @natesilver538, @catturd2, @kirkegaardemil, @nikitabier, @nateduncannba, @natesilver538, @bing_chris, @elonmusk, @natesilver538, @jalefkowit@vmst.io, @jayvanbavel.bsky.social, @timbray@cosocial.ca, @leavex@mastodon.social, @sundersays.bsky.social and @carnage4life.bsky.social, more at Techmeme »
Max Tani / Semafor:
Email: WSJ EIC Emma Tucker praised Fortune's use of AI in its journalism, saying anyone who “thinks it is ‘wrong’, should get out of journalism fast!” — In today's edition: Media battles in Baltimore.
Discussion:
@maxwelltani, @forensicfilms, @mediaevan, @david_slotnick, @nathanheller, @doog, @ethangach, @taylorlorenz, @jamesvgrimaldi, @davidsirota, @nancyayoussef and @tanyachen
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New York Times:
Silicon sampling, simulating human polling with AI agents, undermines the very idea of the opinion polls and will only worsen our broken information ecosystem — A recent Axios story on maternal health policy referred to “findings” that a majority of people trusted their doctors and nurses.
Anna Nicolaou / Financial Times:
Sources: AI music startup Suno's licensing talks with UMG and Sony have stalled; labels argue that AI tools like Suno rely on human-made music and should pay — One executive says there is ‘no path’ towards licensing deal under current proposal — Talks over licensing deals between …
Andrew Webster / The Verge:
Netflix launches Netflix Playground, a games app for kids aged eight and under, in the US, UK, Canada, Australia, the Philippines, and New Zealand — It's called Netflix Playground, and it's out now. … Netflix has made family-friendly titles a key part of its current games strategy …
Discussion:
The Streamable, Netflix Tudum, Business Standard, campaignlive.com, Netflix Press Site, Reuters, PhoneArena, PCMag, The Hans India, iPhone in Canada, Tech Times, iDrop News, Just Jared, MediaNews4U, Tech in Asia, MobileSyrup, Mumbrella, The Indian Express, Communicate Online, Mashable, The Next Web, Digital Trends, The Mac Observer, How-To Geek, Fast Company, Ukrainian National News, Advanced Television, Mediaweek, iClarified, iThinkDifferent, Cord Cutters News, CNET, Neowin, MacRumors, TechCrunch, The Asia Business Daily, 9to5Mac, Thurrott, USA Today, Kidscreen, Variety, The Hollywood Reporter, Los Angeles Times, The Wrap and Media Play News
Alex Weprin / The Hollywood Reporter:
Kalshi signs a deal with Fox Corp. to integrate its forecasts into Fox News, Fox Business Network, Fox One, and Fox Weather, following deals with CNN and CNBC — The prediction market already has deals with CNN and CNBC. — The biggest prediction market in the U.S. is teaming up with the biggest TV news channel in the U.S.
Discussion:
The Wrap, The Block, Washington Examiner, Kalshi, New York Post and Reuters
John Ourand / Puck:
Sources: ESPN plans to cut ~30 jobs in the coming weeks, primarily in off-camera departments, partly due to a $100M loss tied to its 2025 YouTube TV dispute — Layoffs are coming as the sports network deals with cord-cutting, the YouTube TV blackout, and uncertainty around whether Josh D'Amaro …
Mia Sato / The Verge:
A look at the gold rush for firms claiming to help brands get cited by AI search tools, using tactics like memory manipulation via “Summarize with AI” buttons — Let's pretend you work in IT and you're looking for a new digital service desk platform to help your employees reset passwords or onboard new hires.
