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1:25 PM ET, April 28, 2026

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 Top News: 
Liz Hoffman / Semafor:
Sources: the FCC is moving toward a review of Disney's broadcast licenses, putting pressure on the ABC owner as it faces scrutiny over Jimmy Kimmel's monologue  —  The Federal Communications Commission is moving toward a review of Disney's broadcast licenses, according to people familiar with the matter …
RELATED:
Lauren Feiner / The Verge:
Former FCC Commissioners and staffers ask a federal appeals court to require the FCC to vote on a November 2025 petition to repeal the News Distortion Policy  —  Carr has revived the previously little-used News Distortion Policy. … Several former Federal Communications Commissioners …
Zack Sharf / Variety:
President Trump says “Jimmy Kimmel should be immediately fired by Disney and ABC” over Kimmel's joke about Melania Trump
Madeline Halpert / BBC:
Melania Trump calls on ABC to “take a stand” on Jimmy Kimmel, after his joke that she has “a glow like an expectant widow” days before the WHCD shooting
Ashley Carman / Bloomberg:
Spotify reports Q1 revenue up 8% YoY to €4.53B, MAUs up 12% YoY to 761M, above 759M est., and forecasts Q2 operating income below est.; SPOT drops 10%+  —  Spotify Technology SA, the music streaming leader, reported results that underwhelmed Wall Street, forecasting operating income …
Todd Spangler / Variety:
FCC filing: Paramount says the merged Paramount-WBD will be 49.5% owned by foreign investors, with ~38.5% of the equity held by a trio of Middle Eastern funds  —  Paramount Skydance said the merged Paramount-Warner Bros. Discovery will be 49.5% owned by foreign investors …
The Guardian:
Australia unveils a draft News Bargaining Incentive scheme that imposes a 2.25% levy on local revenues for platforms; Meta says the government is “simply wrong”  —  Google also rejects need for reform after Albanese government reveals draft news bargaining incentive scheme
Reuters:
Bertelsmann agrees to combine BMG with Concord in a cash-and-stock deal giving it a 67% stake; Concord shareholders will receive a 33% stake and $1.16B in cash  —  Bertelsmann (BTGGg.F) will combine its music division BMG with rival Concord in a deal that would create the world's fourth …
Max Tani / Semafor:
Sources: Axel Springer and Politico execs met with staff after a letter from employees accused Mathias Döpfner of using Politico to promote his political agenda  —  The Scoop  —  Executives at Politico and its parent company, Axel Springer, held a meeting on Monday with its journalists …
Rebecca Stewart / Adweek:
WPP reports Q1 revenue down 6.6% YoY to £3.3B and revenue less pass-through costs down 8.9% to £2.3B, its ninth quarter of decline  —  Rose will now only lead updates at WPP's half-year and full-year results, the company told ADWEEK … The numbers
Aisha Malik / TechCrunch:
Snap launches AI Sponsored Snaps, a conversational ad format in Snapchat's Chat tab that lets users talk to brand-specific AI agents for product recommendations  —  Snapchat announced on Tuesday that it's rolling out “AI Sponsored Snaps,” which will allow users to interact directly with brands' AI agents.
Discussion: Adweek, Snap Newsroom and Engadget
Jay Peters / The Verge:
Google launches Ask YouTube, a conversational AI search “experiment” that generates pages with videos and text summaries, for Premium users in the US aged 18+  —  ‘Ask YouTube’ is a new way to search that generates an AI Mode-like page of information.
 
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 More News: 
New York Times:
Barry Diller announces a broad overhaul of IAC, changing its name to People, with a focus on its publishing business and MGM stake, and will cut 77 positions
Catherine Shoard / The Guardian:
How sanitized biopics became a Hollywood staple, as studios and estates of celebrities seek to monetize fan nostalgia; Michael is expected to earn more than $1B
 Earlier Picks: 
Alexandra Steigrad / New York Post:
Sources: CBS News ousted London bureau chief Claire Day after clashes with Bari Weiss over Iran, Gaza coverage; Shayndi Raice will lead international coverage
Ted Johnson / Deadline:
President Trump lashed out at Norah O'Donnell in a 60 Minutes interview after she read a portion of a manifesto left by the WHCD shooting suspect
 

 
From Techmeme:

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

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

Cecilia Kang / New York Times:
Google sues Chinese cybercrime network Outsider Enterprise, accusing it of using Gemini AI to create fake websites and scam hundreds of thousands of Americans
 
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