Top News:
Dade Hayes / Deadline:
The NAB's CEO says the FCC's “nearly unprecedented request” for Disney to reapply for TV licenses is contrary to established principles and creates uncertainty — In a statement Wednesday, the head of the top industry trade group said Carr's move to initiate an early review …
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David Shepardson / Reuters:
The US FCC officially orders early license reviews of eight Disney-owned ABC stations, in LA, Chicago, San Francisco, New York, Philadelphia, Houston, and more — The Federal Communications Commission on Tuesday ordered early license reviews of eight Disney-owned ABC stations in a major escalation …
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New York Times:
Disney CEO Josh D'Amaro faced several setbacks since taking over, and must now guide the company through federal regulatory review of ABC's station licenses
Disney CEO Josh D'Amaro faced several setbacks since taking over, and must now guide the company through federal regulatory review of ABC's station licenses
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Jonathan Vanian / CNBC:
Meta reports Q1 family DAP up 4% YoY but down 20M QoQ to 3.56B, vs. 3.62B est., due to internet disruptions in Iran and WhatsApp access restrictions in Russia — Meta shares fell about 7% in extended trading on Wednesday after the company reported lower-than-expected capital expenditures, or capex, and missed on user growth.
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Meta:
Meta reports Q1 revenue up 33% YoY to $56.31B, net income up 61% to $26.77B, says “scrutiny on youth-related issues” and trials may “result in a material loss” — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended March 31, 2026.
Wall Street Journal:
Sources: Amazon executives, including MGM Studios head Mike Hopkins, have discussed rebooting The Apprentice for Prime Video, with Donald Trump Jr. as the host — Studio executives have held internal discussions about making new episodes of reality TV show — First it bought the “Melania” documentary.
Discussion:
The Wrap, Variety, The Hollywood Reporter and @joshsternberg.com
Todd Spangler / Variety:
Alphabet reports YouTube's Q1 ad revenue rose 10.7% YoY to $9.88B, vs. $9.99B est., and Google's ad revenue reached $77.25B, up from $66.89B in Q1 2025 — Time spent viewing on YouTube, the internet's most massive video platform, keeps growing at a healthy clip — and with it …
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Joel Khalili / Wired:
Q&A with Bloomberg CTO Shawn Edwards, who says Bloomberg is overhauling the Terminal with chatbot-style interface ASKB, currently open to ~125K users in beta — WIRED spoke with Bloomberg's chief technology officer about the big, chatbot-style changes coming to the iconic platform for traders.
Discussion:
Simon Owens's Media Newsletter, Talking Biz News and Politico
New York Times:
Digital advertising is booming for Google and Meta, helped by AI tools used for language translation, real-time changes to ad copy, and easier ad targeting — For years, DribbleUp, a sports equipment company, spent its own time and resources figuring out whom it should advertise its basketballs and soccer balls to on Facebook.
Scilla Alecci / ICIJ:
People posing as ICIJ journalists or whistleblowers targeted Taiwanese officials and real reporters after a 2025 ICIJ investigation called China Targets — Shortly after publication, a slew of fake ICIJ reporters approached journalists, Taiwanese officials, and human rights advocates seeking sensitive data.
Annie Palmer / CNBC:
Amazon reports Q1 ad revenue up 24% YoY to $17.24B, vs. $16.87B est., and subscription services revenue up 15% to $13.43B — Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news. — CNBC Councils — Join the CNBC Panel
Discussion:
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Charlotte Tobitt / Press Gazette:
Sky News says the Iran war has been a “breakthrough” for Sky in digital video, with high engagement for its eyewitness journalism and in-depth analysis — The top editor at Sky News has explained why the channel can no longer rely on covering “commoditised” breaking news.
Caitlin Huston / The Hollywood Reporter:
Antenna: Roku's $2.99-per-month streamer Howdy hits 1M subscribers, after adding 300K subscribers in its first month and 100K+ every subsequent month — Streaming research firm Antenna has triangulated the numbers, adding that the low-cost service has better retention than other streaming services.
Discussion:
StreamTV Insider, TechCrunch, Cord Cutters News, Motley Fool, Yahoo Finance, Ars Technica, Media Play News and TV Tech
