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10:10 AM ET, May 5, 2026

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 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 …
 
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 More News: 
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
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

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

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
 
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