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).
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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:
The Wrap, Billboard, Pershing Square, Los Angeles Times, Yahoo Finance, CMU, Euronews, Music Business Worldwide, Bloomberg, Forbes, Wall Street Journal, Barron's Online, Fast Company, Australian Financial Review, Music Ally, The Irish Times, The Standard, The Times, The Independent, Wall Street Journal, Blockonomi, Variety, Proactive, Telegraph, New York Times, CBS News, The Next Web, The Guardian, Digital Music News, Financial Times, Reuters, CNN, Benzinga, The Hollywood Reporter, Deadline, Dow Jones Newswires and Daily Sabah
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:
New York Times, The Hollywood Reporter, E! Online, CNN, Cord Cutters News, Washington Times, UPI, Reality Tea, Deadline, 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, IJR, TV Insider, Hollywood Life, NewsMax.com, New York Daily News, ME, @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
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, The Hill, Mediaite, @esaagar, Truthout, Washington Post, CNN, The Guardian, @lyndagood.bsky.social, Reality Tea, @scottnover, Fox News, @mlcalderone, @ryangrim, @ryangrim, @atrupar, @jeremymbarr, The Indian Express, National Enquirer, Meidas+, Newsweek, New York Post, Freedom of the Press …, Reuters, The Daily Caller, RedState, Straight Arrow News, Deadline, The Daily Wire, Mirror, New Republic, Raw Story, The Wrap, Bloomberg, Alternet.org, GB News, Washington Examiner and The Sun
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:
Mediaite, Associated Press, France 24, CBS News, The Sun, WUSA, MPR News and The US Sun
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:
The Wrap, crypto.news, Crypto Briefing, Kalshi, Bitcoin News, The Block, Washington Examiner, New York Post and Reuters
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:
Thurrott, Digital Trends, PCMag, TechRadar, Android Authority, Engadget, 9to5Google, Android Police, Spotify, 9to5Mac and MakeUseOf
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 …
Discussion:
Poynter, Mark Milstein on LinkedIn, @ashtonpittman.bsky.social, @natebowling.com, @casmudde.bsky.social, Chris Burt on LinkedIn, @mimarek@universeodon.com, @climatebrad.hillheat.com, @bymichellersmith.com, Inside Radio, @sarahweinman.com, @ncstories.bsky.social, Newser, @mattsheffield@mastodon.social, @lawrencehurley.bsky.social, @johnvoelcker.bsky.social, Doc Searls Weblog, @amywoolsey.bsky.social, @faineg.bsky.social, @jeffjarvis@mastodon.social, @karenattiah.bsky.social, @hackintimseeley.bsky.social, @juliedicaro.bsky.social, Michael Sisak on LinkedIn, @megherbst.bsky.social, @sonjadrimmer.bsky.social and Axios
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.
