Top News:
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.
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 …
Discussion:
Ars Technica, DNYUZ, Variety, The Atlantic, Radio Ink, @davidshepardson, @brianstelter, @kylegriffin1, MS NOW, The Hollywood Reporter, @jeremymbarr, @senmarkey, @outfrontcnn, Variety, The Independent, Media Matters for America, @aclu.org, USA Today, TheDesk.net, TV Tech, Reuters, Rolling Stone, @johnlcorbett@threads.com, New York Post, Free Press Action Fund Feed, New Republic, Radio World, CNN, The Wrap, Media Matters for America, One America News Network, Punchbowl News, Politico, Raw Story, Washington Times, UPI, NPR, The Daily Wire and r/politics
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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
Discussion:
@flotus, @katiemiller, Houston Public Media, PJ Media, @agomezfcc, @jcollins.bsky.social, Truthout, The Gateway Pundit, Radio & Television …, @brianstelter, WVEC, West Hawaii Today, @brianstelter, @brianstelter, @alexweprin, @alexweprin, Federal Communications Commission, @nicoperrino, @brianstelter, @adamthierer, @shawnreynolds_, @sarahlongwell25, @brianstelter, @brianstelter, @rogoswami, @mattyglesias, @jeremymbarr, @paulthedogman.bsky.social, @mcbridetd.bsky.social, CBS News, @jbraden2008.bsky.social, Axios, Washington Post, Politico, RedState, Variety, Time, The Guardian, MS NOW, Ars Technica, Freedom of the Press …, TV Insider, Adweek, Newsbusters, Rolling Stone, @TimBondy@mstdn.social, Triangle Business Journal, Newser and Forbes
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 a WhatsApp access restriction 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.
Discussion:
Mobile World Live, The Daily Upside, Silicon UK, CNET, Android Central and Yahoo Finance, more at Techmeme »
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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.
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 …
Discussion:
Alphabet, Music Ally, Fast Company, ITPro, The Hollywood Reporter, BMI, eMarketer, Tubefilter, Watcher Guru, Daily Sabah, MediaPost, Silicon Valley Business …, Decrypt, Android Central, TechCrunch, Cord Cutters News, Proactive, Investor's Business Daily, Yahoo Finance, Search Engine Roundtable, The Wrap, TheDesk.net, The Verge, Deadline, Media Play News, Thurrott and Sherwood News, more at Techmeme »
Annie Palmer / CNBC:
Amazon reports Q1 ad revenue up 24% YoY to $17.24B, above $16.87B est., and subscription services revenue up 15% YoY 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:
Amazon, PYMNTS.com, TechCrunch, About Amazon, The Information, Wall Street Journal, Media Play News, The Wrap and Variety, more at Techmeme »
Ethan Millman / The Hollywood Reporter:
UMG artists will receive a share of the proceeds from UMG's Spotify stock sale, regardless of debts; WMG paid out $126M to artists from its 2018 stock sale — Years ago, as part of her negotiation process to sign with UMG, Swift demanded that the company pay out artists …
Discussion:
TechCrunch, The Verge, Reality Tea and Billboard
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Charlotte Hughes-Morgan / Bloomberg:
UMG reports Q1 subscription revenue grew 12.5% YoY to €1.3B, with recorded music revenue up 8.9% to €2.25B, and plans to sell 50% of its Spotify stake
Discussion:
Music Ally, Inc.com, Yahoo Finance, The Hollywood Reporter, Music Business Worldwide, Morningstar, Dow Jones Newswires, The Wrap, Reuters and Billboard
Isabella Simonetti / Wall Street Journal:
Sources: London-based DAZN agrees to acquire ViewLift, which builds tech for streaming services for 15 professional US sports teams and others, for ~$100M — DAZN is seeking to expand its reach within the U.S. — Sports media company DAZN has agreed to buy technology company ViewLift …
Discussion:
Sportico
Hua Hsu / New Yorker:
How The Fast and the Furious franchise, which grossed $7B+ across 10 films, tells the story of Hollywood, pioneering diverse casting and technical innovations — The Marvel Cinematic Universe is often held up as the exemplar of the Hollywood mega-franchise. The “Fast” movies may have been just as influential.
Discussion:
@edmundlee, Comic Book and ScreenRant
Dominic Ponsford / Press Gazette:
Analysis: in 2025, total UK ad spend grew 6.4% YoY to £46.7B; of that, £31B went to Google, Meta, and Amazon, and £1.6B went to magazines and news, down 5.1% — Three US tech giants accounted for two thirds of every pound spent on advertising in the UK last year.
Discussion:
Fortune, more at Techmeme »
Shalini Ramachandran / Wall Street Journal:
How US schools' overreliance on YouTube for educational content encourages students to get sucked into an infinite scroll of videos on school-issued devices — Parents find their kids captive to the video streaming site on their school-issued devices; for one, it was 13,000 YouTube videos in three months
Mark Stenberg / Adweek:
Chartbeat data from 535 US and UK publishers shows growth in traffic from peer-to-peer sharing and push notifications in recent years, as search traffic falls — Push notifications and peer-to-peer sharing have grown dramatically, according to proprietary Chartbeat data shared with ADWEEK
Discussion:
InPublishing, @dannygroner.bsky.social and Digital Content Next
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