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4:15 AM ET, May 6, 2026

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 Top News: 
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
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 …
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 …
Neel Dhanesha / Nieman Lab:
A look at the World Cup plans of The Guardian and NYT's The Athletic, including dedicated newsletters, and the single-issue independent magazine Golden Goal  —  “It's one of those huge, gigantic things that sort of go beyond sports.  It's like a life-measurement mechanism."
Katie Drummond / Wired:
An interview with creator Amelia Dimoldenberg on retaining rights to her show Chicken Shop Date, staying on YouTube, new ventures, including a TV show, and more  —  The host of Chicken Shop Date joined WIRED's Big Interview podcast to talk about turning down bad deals, beating the algorithm, and the importance of being over-prepared.
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 …
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 …
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 …
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.
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 …
 
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 More News: 
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
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
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
 Earlier Picks: 
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
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
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:

Alex Harring / CNBC:
SpaceX debuts on the Nasdaq at $150, after pricing at $135, making Elon Musk the world's first trillionaire; SPCX closes up 19%, for a ~$2.1T market cap

Aaron Holmes / The Information:
Sources: Microsoft considered spinning out or restructuring its Xbox unit as a wholly-owned subsidiary, or creating a joint venture with other partners

Jyoti Mann / The Information:
Staff memo: Meta plans to limit employee token usage and encourage employees to use MetaCode, after internal AI spending forecasts reached billions for 2026
 
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