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11:30 PM ET, April 7, 2026

Mediagazer

 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:
Reuters:
UMG shares jump 11% 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  —  Billionaire investor Bill Ackman's Pershing Square (PSHP.L) proposed a takeover of Universal Music Group (UMG.AS) …
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.
Sara Fischer / Axios:
AP warns Lee Enterprises that Lee's attempt to end its deal with AP early, on April 26 instead of December 31, could lead to breach of contract consequences  —  The Associated Press is warning Lee Enterprises, one of the largest independent local newspaper companies, that its attempt to break a news licensing contract is “not valid.”
Discussion: The Wrap
RELATED:
Luisa Kroll / Forbes:
A profile of David Hoffmann, who has bought 40+ titles since 2022, has a 53% stake in Lee Enterprises, and plans to “save” papers through hyperlocal coverage  —  In just four years, billionaire entrepreneur David Hoffmann has gained control of 131 titles around the country including …
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
Ashley Carman / Bloomberg:
Soros Fund Management is leading an investment round into MeidasTouch Network to expand its 24-hour digital news operation; terms were not disclosed  —  The MeidasTouch Network has taken off on YouTube as a top podcast with 300 million views a month  —  George Soros remains bullish on liberal podcasts.
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.
Matthew Keys / TheDesk.net:
Ad tools provider Amagi tests Newspulse, which uses AI to help TV stations convert news broadcasts into social media clips; a broader release is planned in June  —  Amagi has unveiled a new tool called Newspulse that uses artificial intelligence to help television stations convert …
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 …
Andrew Liszewski / The Verge:
Amazon says Kindle and Kindle Fire devices released in 2012 and earlier won't be able to access the Kindle Store from May 20; downloaded books can still be read  —  Starting May 20th, Kindle and Kindle Fire devices released in 2012 and earlier won't have access to the Kindle Store.
Discussion: PCMag and XDA Developers
Axios:
Domestic 2026 box office revenue is off to its strongest start since the pandemic, aided by The Super Mario Galaxy Movie, which has made $191M in North America  —  The 2026 box office is off to its strongest start since the COVID-19 pandemic, raising hopes in Hollywood that theatrical moviegoing has staying power in the streaming era.
Discussion: Puck and Polygon.com
 
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 More News: 
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
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
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
Mia Sato / The Verge:
A look at the gold rush for firms claiming to help brands get cited by AI search tools, via tactics like hiding instructions behind “Summarize with AI” buttons
 Earlier Picks: 
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
Discussion: The Verge
David Bauder / Associated Press:
The News Media Guild says more than 120 of the AP staff members it represents received buyout offers on Monday
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
 

 
From Techmeme:

Bailey Lipschultz / Bloomberg:
SpaceX raises $75B in the biggest-ever IPO, pricing 555.6M shares at $135 each, giving it a market value of $1.77T

Lorenzo Franceschi-Bicchierai / TechCrunch:
Oracle warns customers of a critical PeopleSoft flaw after ShinyHunters claimed breaches of 100+ organizations using PeopleSoft; Oracle has not issued a patch

Christopher Dring / The Game Business:
Q&A with Xbox Chief Strategy Officer Matthew Ball about returning to console-exclusive releases, how using in-game ads could offset development costs, and more
 
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