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10:20 AM ET, May 5, 2026

Mediagazer

 Top News: 
Ren LaForme / Poynter:
2026 Pulitzer Prize winners: WaPo for Public Service for its DOGE coverage, The Minnesota Star Tribune for Breaking News, and AP for International Reporting  —  Details and links to this year's recipients of American journalism's highest honor  —  The Pulitzer Prize winners …
RELATED:
Todd Spangler / Variety:
Paramount expects “significantly lower theatrical revenue” in 2026 due to lower average box office per film, despite committing to 30 annual releases with WBD  —  Paramount Skydance has nearly doubled its theatrical-film slate in 2026 — but it will see “significantly” …
RELATED:
Lillian Rizzo / CNBC:
Paramount reports Q1 revenue up 2% YoY to $7.35B, above $7.28B est., DTC revenue up 11% YoY to $2.4B, and Paramount+ subscribers up 700K QoQ to 79.6M  —  Paramount Skydance topped Wall Street's revenue and earnings estimates for the first quarter on Monday, as the media company got a boost from its streaming and film businesses.
Nellie Andreeva / Deadline:
CBS' Tracker is moving production from Vancouver to Los Angeles for Season 4 after receiving a $48M California tax credit, the biggest ever for a series  —  Its studio 20th Television is currently locking down production facilities in and around L.A., with filming on Season 4 slated to begin in late June.
Nicola M White / Bloomberg:
Elon Musk agrees to pay $1.5M to settle US SEC allegations that he cheated Twitter shareholders in 2022 by not disclosing the 5%+ stake he had in the company  —  Elon Musk agreed to pay $1.5 million to settle Securities and Exchange Commission allegations that he cheated Twitter shareholders …
Gene Maddaus / Variety:
Blake Lively and Justin Baldoni settle their legal battle over the 2024 film It Ends With Us, avoiding a federal trial that was scheduled to begin in two weeks  —  It ends with a settlement.  —  After a year and a half of bitter feuding in court and in the press, Blake Lively and Justin Baldoni …
Javier Córdoba / Associated Press:
Costa Rican outlet La Nación says the US revoked several board execs' visas without explanation, after critical coverage of President Chaves, a close Trump ally  —  The United States has revoked the visas of several board executives at La Nación, one of Costa Rica's leading media outlets …
Suzanne Smalley / The Record:
Forbes Media preliminarily agrees to a $10M settlement to resolve a California class action lawsuit alleging unauthorized user tracking via its website  —  Forbes Media has preliminarily agreed to pay $10 million and change its business practices to settle a class action lawsuit filed …
Discussion: Talking Biz News
Rick Porter / The Hollywood Reporter:
YouTube TV and Allen Media Group renew their carriage deal, ensuring that The Weather Channel and other AMG networks will stay on YouTube's multichannel service  —  The company led by Byron Allen also closed a previously announced deal to sell some of its local stations to Gray Television.
Alexandra Alter / New York Times:
Hachette, Macmillan, McGraw Hill, Elsevier, and Cengage, alongside novelist Scott Turow, file a class-action copyright lawsuit against Meta and Mark Zuckerberg  —  The class-action lawsuit accuses the tech giant and its founder and chief executive of infringing on authors' copyrights.
Reuters:
Gyula Balasy, owner of Hungarian media companies that designed Viktor Orbán's campaigns, offers to hand over his companies to the state following Orbán's defeat  —  One of Hungary's top media players, whose companies have benefited from lucrative state contracts under the outgoing government …
Alice Brooker / Press Gazette:
Axios says Axios Local will expand from 35 to 43 US cities by 2026's end and paying members more than doubled to 15K since 2025's end, as it seeks profitability  —  Axios will have a local newsletter in 43 US cities by the end of 2026 as it continues to expand.
 
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 More News: 
Josephine Walker / Axios:
How the BookTok community is reshaping streaming as studios turn to influential creators and fanbases, placing their bets on book adaptations to win viewers
 Earlier Picks: 
Terrence O'Brien / The Verge:
How music streaming services are adapting to the rise of AI-generated music by labeling, deranking, and demonetizing tracks, using AI detection tools, and more
Seb Joseph / Digiday:
A look at Baller League, a six-a-side indoor soccer league of creator-managed teams streaming free on YouTube and Twitch and averaging 4M+ views on match day
Discussion: Front Office Sports
 

 
From Techmeme:

Amrith Ramkumar / Wall Street Journal:
President Trump signs two executive orders aimed at speeding the development of advanced quantum computers and mitigating the security threats they present

Bloomberg:
Sources: Tencent is negotiating exits from minority investments in game studios in Japan, such as Tokyo-traded Marvelous, as it reassesses its global portfolio

Chloe Taylor / CNBC:
South Korea's tech-heavy Kospi index falls 10%, dragged down by SK Hynix and Samsung; STMicro and ASML fall ~7%, and US tech stocks fall in pre-market trading
 
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