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8:30 PM ET, May 5, 2026

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 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 …
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  —  Inquiry set up by rightwing politician recommends merging major channels and slashing TV entertainment budgets by 75%
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  —  Hannah Natanson's reporting anchored a package of articles from The Washington Post that won a Pulitzer on Monday, four months after agents seized her devices.
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.
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 …
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  —  He no longer feels a sense of ownership, but the program's former host has harsh words for the network.
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 …
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.
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 …
Riddhi Setty / Columbia Journalism Review:
The Pittsburgh Post-Gazette's union estimates 80% of those on staff who had been on strike and six of seven guild officers were not rehired by the new owners  —  A nice save, followed by rough cuts.  —  It was a miraculous save.  After a three-year strike, the Pittsburgh Post-Gazette …
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: 
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
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%
Discussion: Benzinga
 Earlier Picks: 
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
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
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
 

 
From Techmeme:

Reuters:
SpaceX agrees to acquire Cursor in an all-stock deal valuing the AI coding startup at $60B, set to close in Q3 2026, or pay a $4B to $10B termination fee

Sarah Perez / TechCrunch:
Google launches Android 17 and Wear OS 7, available first on Pixel devices, with support for the latest AI models, a bubble bar UI, and live updates on Wear OS

Jay Peters / The Verge:
Snap unveils $2,195 Specs, its first “fully standalone” AR glasses, which have a 51-degree field of view, set to ship “this fall” in the US, the UK, and France
 
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