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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
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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.
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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 …
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Bill Bradley / Adweek:
Netflix says its 2026 ad revenue remains on track to reach $3B, doubling from 2025, and it now works with over 4,000 advertising clients, up 70% YoY — Netflix reveals ad sales projections and new products on the way in 2026 … The numbers — $2.8 billion — Netflix's payment received …
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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.
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Reshmi Basu / Bloomberg:
QVC Group, owner of TV shopping channels QVC and HSN, files for bankruptcy as part of a plan to cut more than $5B in debt; shares closed down 69% on Thursday — Television shopping network QVC Group filed for bankruptcy Thursday as part of a plan to cut more than $5 billion of debt …
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.
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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 …
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
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.
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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 ads 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
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Sandor Zsiros / Euronews:
Hungary's Prime Minister-elect Peter Magyar says he plans to suspend state broadcaster MTVA and “create independent, objective, and impartial conditions” — Magyar has threatened to suspend the state broadcaster following a heated on-air clash, accusing it of spreading …
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