Top News:
Isabella Simonetti / Wall Street Journal:
Netflix chairman and co-founder Reed Hastings will step down from the company's board after his term expires in June to focus on philanthropy and other pursuits — Co-founder won't stand for re-election to the board, Netflix says in first earnings report since pulling out of Warner Discovery bid
Discussion:
Bloomberg, Variety, IndieWire, CNN, Reuters, New York Times, TheDesk.net, The Wrap, Los Angeles Times, Business Insider, Yahoo Finance, Deadline, Forbes, Dylan Jones on LinkedIn, Silicon Valley Business …, The Motley Fool, Financial Times, Axios, Channel NewsAsia, The Information, CBC News, Associated Press, Sherwood News, Media Play News, Sweden Herald and The Hollywood Reporter, more at Techmeme »
RELATED:
Lucas Shaw / Bloomberg:
Netflix reports Q1 revenue up 16% YoY to $12.3B, vs. $12.2B est., net income of $5.28B, and forecasts Q2 EPS below estimates; NFLX drops 8%+ after hours — Netflix Inc. gave a forecast for the second quarter that fell short of analysts expectations, sending the shares down in extended trading.
Discussion:
The Wrap, Nikkei Asia, TechCrunch, Variety, Netflix, Thurrott, Tubefilter, Coinpaper, Yahoo Finance, RTL Today, MarketWatch, Deadline, Benzinga, Daily Mail, Business Insider, The Hollywood Reporter, CNBC, Proactive, ZeroHedge News, The Verge, Realscreen, The Motley Fool and Blockonomi, more at Techmeme »
Jennifer Maas / Variety:
Filing: Netflix co-CEO Ted Sarandos received $53.9M in 2025 compensation, down from $62M in 2024; co-CEO Greg Peters received $53.2M, down from $60M in 2024 — Netflix co-CEOs Ted Sarandos and Greg Peters saw their compensation come in just above $53 million in 2025, which actually marked …
Discussion:
Engadget, The Wrap, AdNews News, Motley Fool, Deadline, The Hollywood Reporter and Benzinga
Ryan Glasspiegel / Front Office Sports:
Sources: the NFL and YouTube are in advanced talks for a five-game package; deal price and duration were not immediately known — The NFL and YouTube have entered a long-form contract review for a five-game package, Front Office Sports has learned. — While a deal has not been finalized …
Katie Robertson / New York Times:
Notus will rename itself The Star and relaunch in early June as it adds local news and sports coverage; source: Robert Allbritton will add ~$30M to its funding — The Washington publication is rebranding as it expands its local news and sports coverage in the wake of substantial layoffs at The Washington Post.
Discussion:
The Wrap, @akbarsahmed, @abbydphillip and @phillewis.bsky.social
David Folkenflik / NPR:
NPR receives two of its largest ever gifts: $80M for innovation in use of digital tech and $33M to build and buy tools to be shared with US public media orgs — NPR has received two of the largest gifts in the public media network's existence, totalling $113 million.
Discussion:
New York Times, Fox News, Maria Thomas on LinkedIn, @peppypanda.com, Steven Waldman on LinkedIn, @mrsdeborahlynn.bsky.social, @sfdb.bsky.social, The National Pulse, The Wrap, Washington Examiner, Bloomberg, @rationaldoge@hachyderm.io, @bgrueskin.bsky.social, Washington Post, MPR News, CBS News, Current, The Hill, The Verge and Barrett Media
Rebecca Keegan / NBC News:
Paramount CEO David Ellison makes an unexpected appearance at CinemaCon, promising a 45-day theatrical window for all Paramount movies going forward — The Paramount Skydance chief spoke at CinemaCon in Las Vegas on Thursday, after opting out of a congressional hearing on the merger earlier this week.
George Winslow / TV Tech:
IAB and PwC: digital ad revenue hit $294.6B in 2025, up 13.9% YoY; social media advertising hit $117.7B, up 32.6%, and digital video hit $78B, up 25.4% — The 13.9% pop was driven by social media, up 32.6% to $117.7 billion and digital video, up 25.4% to $74 billion last year
Corbin Bolies / The Wrap:
Memo: Condé Nast is shuttering Self magazine, folding its content into other brands, and winding down Glamour's publishing arms in Mexico, Spain, and Germany — The company will also stop publishing Wired's Italian edition and several of Glamour's international editions
Chris Welch / Bloomberg:
Roku says it is in 100M+ homes globally and its devices are used by “more than half of all US broadband households”; Roku had $4.15B in 2025 platform revenue — Roku Inc. said more than 100 million households are using its streaming platform, marking another milestone …
Daniel Thomas / Financial Times:
The UK CMA tells Getty Images to sell Shutterstock's editorial business, which includes Backgrid and Splash, to secure approval for the $3.7B merger of the two — CMA warns that $3.7bn merger of photo agencies depends on sale to address competition concerns
Discussion:
Bloomberg
Axios:
An updating list of confirmed WHCD parties, starting Wednesday; nine events are hosted by media startups that are less than 10 years old — - The WHCA has hired mentalist Oz Pearlman as the evening's entertainer, instead of a comedian. — The dinner's headliner last year …
Discussion:
Vanity Fair, Sara Fischer on LinkedIn, The Wrap and The Verge

