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9:30 PM ET, May 5, 2026

Mediagazer

 Top News: 
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 …
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.
Jonathan Stempel / Reuters:
The US EEOC sues NYT in Manhattan federal court, claiming it passed over a qualified white male candidate for a top editorial role to fulfill diversity goals  —  The New York Times (NYT.N) was sued on Tuesday by the U.S. Equal Employment Opportunity Commission, which accused the newspaper …
Sara Fischer / Axios:
OpenAI rolls out a beta version of its new Ads Manager tool to advertisers in the US, making it easier for SMBs to buy ChatGPT ads on a cost-per-click basis  —  OpenAI has launched a self-serve advertising platform, executives said, marking a significant step in its goal of generating $2.5 billion …
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.
Discussion: Benzinga
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 …
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 …
Sarah Whitten / CNBC:
AMC partners with Arena One to offer real-time concerts in theaters, using interactive tech to send theater audience sounds to performers; tickets cost $40-$75  —  AMC Theatres is bringing live concerts to the big screen.  —  The world's largest theater company has partnered with Arena One …
Neil Batey / C21Media:
Ampere: KPop Demon Hunters exceeded one billion viewing hours; its success brings into question whether Netflix will keep reducing commissions of kids' content  —  Global streamer Netflix reduced commissions for kids' content between 2024 and 2025, even as its animation sensation KPop Demon Hunters surpassed …
 
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 More News: 
Erik Wemple / New York Times:
The reporting of Hannah Natanson, whose home was searched in connection with a federal leak probe, anchored WaPo's winning entry for the public service Pulitzer
Angelique Chrisafis / The Guardian:
A French parliament inquiry report calls for 25% cuts to public broadcasting and more; the far right plans to privatize public broadcasting if elected in 2027
 Earlier Picks: 
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
Jason Zinoman / New York Times:
Q&A with David Letterman on his “disbelief” at The Late Show ending, CBS citing financial reasons to cancel it, Byron Allen, his favorite memories, and more
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
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
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
 

 
From Techmeme:

Heekyong Yang / Reuters:
Nvidia says South Korea's Naver will use its technology to build AI factories at “gigawatt scale” to meet rising global demand for AI services and physical AI

Cristina Criddle / Financial Times:
OpenAI plans to overhaul ChatGPT in the coming weeks, turning it into a superapp with coding tools and AI agents to serve as a gateway to higher-margin products

Mark Gurman / Bloomberg:
Inside the early 2025 senior exec meeting where Apple admitted its AI failures; Tim Cook became intimately involved in Apple's AI roadmap around the same time
 
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