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9:05 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.
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 …
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 …
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.
Foo Yun Chee / Reuters:
Meta says it will expand Instagram teen account safeguards to 27 EU countries, and plans to roll them out on Facebook in the US ahead of the UK and EU in June  —  Meta Platforms (META.O) will expand technology safeguards for teen accounts to 27 European Union countries and to Facebook in the United States …
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.
RELATED:
Rashi Shrivastava / Forbes:
A profile of music AI startup Suno, valued at ~$2.5B with 2M+ paying users and $300M annualized revenue as of February, as it battles record labels and artists
 
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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: 
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:

Terje Solsvik / Reuters:
Norway imposes a near ban on gen AI use by elementary school children and restricts its use in older kids' education, to prevent a negative impact on learning

Bloomberg:
Sources: Commerce Secretary Howard Lutnick questioned ASML leaders on concerns China acquired one of its EUV machines, violating US-led export restrictions

Financial Times:
Sources: SpaceX plans to raise $20B in a bond sale as soon as next week; the funds would be used to pay back a $20B bridge loan taken out after the xAI merger
 
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