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11:40 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.
Jessica Toonkel / Wall Street Journal:
Sources: James Murdoch's Lupa Systems is in advanced talks to buy Vox Media's New York Magazine and podcast division  —  A deal, which isn't finalized, would go through Murdoch's Lupa Systems investment company  —  Media investor James Murdoch is in advanced talks to buy Vox Media's …
Discussion: Reuters, The Wrap and @claireatki
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 …
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.
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 …
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 …
Christiana Sciaudone / A Media Operator:
People Inc. reports Q1 revenue down 2% YoY to $385.7M, adjusted EBITDA down 46% to $43.5M, digital revenue up 8% YoY to $253.2M, unique site visits fell 18%  —  People Inc.'s overall revenue fell for the first quarter as losses continued at parent company IAC.
Max Tani / Semafor:
Sources: The Dispatch's president, Mike Rothman, leaves after disagreements with founders over direction; the site discussed a potential sale with Axel Springer  —  THE SCOOP  —  One of the top leaders at The Dispatch is out amid broader questions about the media organization's future.
Discussion: @maxwelltani
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
Media Matters for America:
Media Matters settles with the FTC, and says the FTC agreed to “forgo future investigations of MMFA”; the FTC confirms Media Matters isn't under any probe
 Earlier Picks: 
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
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
 

 
From Techmeme:

Zack Zwiezen / Kotaku:
Rockstar Games announces that pre-orders for Grand Theft Auto VI will go live on June 25; TTWO closed up 4.93%

Kai Nicol-Schwarz / CNBC:
Intel's stock jumps 10.64% after Trump said “Apple has agreed to work with Intel to design and build its Chips in America”; INTC is up 520%+ in the past year

Artificial Analysis:
GLM-5.2 is the leading open weights model on Artificial Analysis' Intelligence Index, scoring 51, only behind Fable 5's 60, Opus 4.8's 56, and GPT-5.5's 55
 
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