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).
RELATED:
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, Fortune, Financial Times, The Wrap, Music Business Worldwide, Inc.com, Bloomberg, CMU, Los Angeles Times, Yahoo Finance, Euronews, Forbes, Wall Street Journal, The Irish Times, The Standard, Fast Company, The Times, The Independent, Wall Street Journal, Blockonomi, Variety, Proactive, Digital Music News, Telegraph, New York Times, CBS News, Music Ally, The Next Web, The Guardian, Gnaneshwar Rajan on LinkedIn, Reuters, Australian Financial Review, CNN, Barron's Online, Benzinga, The Hollywood Reporter, Deadline, Dow Jones Newswires and Daily Sabah
George Grylls / The Times:
A profile of Aaron Rupar, who manages a social media news operation monitoring Trump across 12 TV channels simultaneously, supported by a $50/year Substack — Aaron Rupar spends up to 80 hours a week following the US president, from meandering speeches to impromptu press conferences.
Discussion:
Talking Points Memo, The Daily Caller and twitchy.com
New York Times:
Journalist Shelly Kittleson, abducted in Iraq by an Iranian-aligned militia, has been freed after a week in captivity, per the militia and two Iraqi officials — The journalist, Shelly Kittleson, was abducted by a militia allied with Iran and held for a week.
Discussion:
Reuters, Fox News, Associated Press, Mediaite, Deadline, Washington Post, Al Jazeera, ZeroHedge News, Washington Examiner, @lensconflict, @foxnews, Human Events, New York Sun, @nickkristof.bsky.social, The Hill, FOX 4 News Dallas-Fort Worth, @joyce_karam, The Gateway Pundit, @joyce_karam, @joyce_karam, Jodie Ginsberg on LinkedIn, France 24, The Sun, WUSA, @syrianotes.org, @osint613, @Nonilex@masto.ai, The US Sun and Newser
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:
NBC News, New York Times, @esaagar, Washington Post, CNN, The Guardian, Truthout, Reality Tea, Mediaite, @aclu.org, The Hill, @lyndagood.bsky.social, @scottnover, @mlcalderone, @ryangrim, @ryangrim, @atrupar, @jeremymbarr, Fox News, The Indian Express, National Enquirer, New York Post, Meidas+ and Newsweek
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, New York Times, CNN, Washington Examiner, Baller Alert, E! Online, Washington Times, Deadline, @steveburgess53.bsky.social, UPI, Cord Cutters News, Reality Tea, TODAY.com, Forbes, @jbflint, Barrett Media, Breitbart, @matthewkeyslive, @alexweprin, @alexweprin, @corbinbolies, @bdomenech, @variety, @jeremymbarr, MediaPost, The Post Millennial, @tomleykis.bsky.social, @rickporter.bsky.social, @jessehawken.bsky.social, @justinbaragona.bsky.social, @adamrose.bsky.social, Fox News, Daily Mail, WUSA, HotAir, TV Insider, NewsMax.com, @nemalki.bsky.social, Reuters, New York Post, The US Sun, The Hill, The Daily Beast, TheDesk.net, ScreenRant, Consequence, TV Insider, E! Online, The A.V. Club, LateNighter, Los Angeles Times and The Wrap
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 …
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 …
Discussion:
The Verge
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.
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:
TheDesk.net, Kalshi, crypto.news, The Block, Washington Examiner, Crypto Briefing, The Wrap, Bitcoin News, New York Post and Reuters
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 …
RELATED:
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, @jmart, @natebowling.com, @casmudde.bsky.social, @sarafischer, @mimarek@universeodon.com, @climatebrad.hillheat.com, @bymichellersmith.com, @sarahweinman.com, @ncstories.bsky.social, @mattsheffield@mastodon.social, @lawrencehurley.bsky.social, @johnvoelcker.bsky.social, @karenattiah.bsky.social, @hackintimseeley.bsky.social, @juliedicaro.bsky.social, Michael Sisak on LinkedIn, @mhwilliams.bsky.social, @megherbst.bsky.social, @sonjadrimmer.bsky.social and @ndhapple.bsky.social
Ivan Mehta / TechCrunch:
Spotify expands Prompted Playlists, its AI feature for creating playlists, to include podcasts, for Premium users in the US, Canada, the UK, and other countries — Spotify said today that it is expanding its AI-powered feature to create playlists, called Prompted Playlist, to include podcasts as well.
Discussion:
CNET, Edgar Tanaka on LinkedIn, iPhone in Canada, Thurrott, Android Authority, 9to5Google, Engadget, PCMag, TechRadar, Android Police, Spotify, Digital Trends, 9to5Mac and MakeUseOf, more at Techmeme »
Corbin Bolies / The Wrap:
McClatchy began rolling out a “content scaling agent” that summarizes and repurposes reporters' work with new headlines in Q1, prompting some employee pushback — Sacramento Bee staffers refuse bylines over a new AI tool as colleagues at the Miami Herald and Charlotte Observer harbor concerns
