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1:35 PM ET, May 6, 2026

Mediagazer

 Top News: 
CNN:
Ted Turner, a pioneer of 24-hour cable TV news who founded CNN, dies at 87; the Ohio-born Atlanta businessman eventually sold his networks to Time Warner  —  Ted Turner, the media maverick and philanthropist who founded CNN, a pioneering 24-hour network that revolutionized television news …
Ben Fritz / Wall Street Journal:
Disney reports Q2 streaming revenue up 13% YoY to $5.49B and operating income up 88% to $582M; ESPN operating income fell 5% to $652M and revenue up 2% to $4.6B  —  In letter to shareholders, Josh D'Amaro explains plan to use technology  —  The new chief executive at Disney on Wednesday laid …
RELATED:
Alex Weprin / The Hollywood Reporter:
Memo: Disney CEO Josh D'Amaro lays out his long-term vision for the company, including investing in IP and building Disney+ to be “beyond a premium” streamer  —  Disney reported its fiscal second-quarter earnings early Wednesday morning, beating Wall Street expectations …
Katie Robertson / New York Times:
The NYT reports adding 310K digital-only subscribers in Q1, taking its total subscribers to 13.1M, on pace to meet its goal of 15M subscribers by end of 2027  —  The company's adjusted operating profit hit $117.9 million in the quarter, up 27.2 percent from a year earlier, on revenue of $712.2 million.
RELATED:
The New York Times Company:
The NYT reports Q1 revenue up 12% YoY to $712.2M, digital-only subscription revenue up 16.1% YoY to $389M, and operating profit up 27.2% YoY to $117.9M  —  NEW YORK, May 6, 2026 - The New York Times Company (NYSE: NYT) announced today first- quarter 2026 results.  Key Highlights
Ken Dilanian / MS NOW:
Sources: the FBI launched a criminal leak investigation into Atlantic journalist Sarah Fitzpatrick after her report on Director Kash Patel's alcohol consumption  —  The FBI has launched a criminal leak investigation focusing on an Atlantic magazine journalist who wrote a deeply unflattering account …
Michael Savage / The Guardian:
WSJ EIC Emma Tucker says powerful figures are increasingly using the “PR strategy” of suing media outlets before they have even published a story  —  Editor-in-chief of Wall Street Journal says those with deep pockets launching legal challenges as a PR strategy
Charlotte Tobitt / Press Gazette:
People Inc reports Q1 digital revenue up 8% YoY to $253M, driven by a 24% rise in non-website income; Google Search traffic is now only 25% of core sessions  —  US publisher's “inversion” strategy finds revenue outside website ads and subscriptions.  —  People Inc chairman Barry Diller believes …
Samuel Stolton / Bloomberg:
Sources: Google has proposed changes to how it displays news results across Search in a bid to avoid adding to its €9.5B running total of EU competition fines  —  Google has proposed changes to how it displays news results across its search engine in a bid to avoid adding to its €9.5 billion …
Discussion: Reuters
Elvira Pollina / Reuters:
Sky Italia sues Telecom Italia and DAZN, seeking up to €1.9B in damages, after Italy found TIM/DAZN deal for Serie A soccer matches violated antitrust rules  —  Pay-TV operator Sky is seeking up to 1.9 billion euros ($2.2 billion) in damages from Telecom Italia (TIM) (TLIT.MI) …
Cara Lombardo / Wall Street Journal:
Barry Diller says he would buy CNN “tonight” if it were available, and a WBD-Paramount merger will prompt a “savage process” to find cost cuts worth billions  —  The media executive also said he looked at a deal for Vox while speaking at The Wall Street Journal's Future of Everything Festival
Kevin Dolak / The Hollywood Reporter:
Shane Smith relaunches Vice News as a social-first outlet for his podcast and news reports and a brand partnership vehicle, following its 2023 bankruptcy  —  Shane Smith's hard-hitting news brand, which covered global current affairs for a Millennial audience, is back, now equal parts creator …
Discussion: @jeremymbarr
Jess Weatherbed / The Verge:
Google updates AI Mode and AI Overviews to add “a preview of perspectives” from firsthand sources like social media and Reddit, presented as “Expert Advice”  —  The new AI Mode and AI Overviews updates bring in perspectives from firsthand sources like social media and web forums.
 
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 More News: 
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
 Earlier Picks: 
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
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
Sara Fischer / Axios:
OpenAI rolls out Ads Manager in beta to US advertisers, letting SMBs buy ChatGPT ads on a cost-per-impression or cost-per-click basis, after a monthslong pilot
 

 
From Techmeme:

Katie Paul / Reuters:
At a town hall, Mark Zuckerberg said Meta's AI agent development has not accelerated as expected and its reorganization was not as “clean” as it could have been

Business Insider:
Sources: Alexandr Wang said Meta's model currently in training, codenamed Watermelon, matches GPT-5.5 and uses an “order of magnitude more compute than Avocado”

Todd Bishop / GeekWire:
Microsoft invests $2.5B and forms the Microsoft Frontier Company to embed 6,000 forward-deployed engineers with customers to help deploy AI systems
 
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