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4:20 AM ET, May 7, 2026

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 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 …
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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 …
Mandy Dalugdug / Music Business Worldwide:
Filing: music industry organizations oppose a proposed 43% average increase to US Copyright registration fees, say the hike would lock out independent creators  —  A group of ten music industry organizations formally opposed a proposed 43% average increase to copyright registration fees …
Murray Stassen / Music Business Worldwide:
ElevenLabs, creator of Eleven Music, says it crossed $500M in ARR and announces new investors including BlackRock and Jamie Foxx as part of a $550M+ Series D  —  ElevenLabs says it has crossed $500 million in annual recurring revenue, up from $350 million at the end of 2025.
Tony Maglio / The Hollywood Reporter:
WBD reports Q1 revenue up 3% YoY to $8.9B, a net loss of $2.9B, largely due to Netflix's breakup fee, ad revenue down 8%, streaming up 7%, global subs hit 140M+  —  Here's what you're getting, Paramount.  —  It's a new year for Warner Bros. Discovery, and likely its last one as we know (and love?) it.
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 …
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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”
Charlotte Klein / New York Magazine:
Some NYT staffers say a white male editor's claim that he faced discrimination is absurd and hands the Trump administration a weapon to persecute journalists  —  A white male New York Times employee filed a complaint with the Equal Employment Opportunity Commission alleging the paper …
Max Tani / Semafor:
Sources: Julie K. Brown's Epstein work didn't win a Pulitzer in 2018 due to at least one juror's concerns; this year's citation is seen as a “corrective”  —  The Scoop  —  A years-old fight among the judges of one of the most coveted prizes in media over a major investigation …
Jennifer Maas / Variety:
Survey: 59% of Gen Z streaming service users in the US, the UK, and Australia add and drop a service to view a movie or series; 71% stop buying physical music  —  But younger viewers are 13% more likely to go to the movies on opening weekend  —  Gen Z is unsubscribing …
Mark Stenberg / Adweek:
Ziff Davis acquires PopSci, Dwell, Business of Home, and Domino from Recurrent Ventures; one M&A executive estimated the price of the deal at less than $20M  —  The company acquired Dwell, Domino, Business of Home, and PopSci, extending a multiyear roll-up even as competitors pull back from the open web
Kelcee Griffis / Bloomberg:
Brendan Carr says an FCC inquiry into media sports rights might not lead to new rules; Fox and Sinclair have filed comments supporting sports on broadcast TV  —  Federal Communications Commission Chairman Brendan Carr said that an inquiry the commission launched into the rising cost …
Todd Spangler / Variety:
Disney reports Q2 revenue up 7% YoY to $25.2B, above $24.85B est., and net income down 31% to $2.25B, largely due to a higher tax bill; DIS jumps 7%+  —  The Mouse House pulled in revenue of $25.17 billion, up 7%, for the three months ended March 28 (Disney's Q2 of fiscal 2026).
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
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
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.
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 More News: 
Jonathan Vanian / CNBC:
Snap reports Q1 revenue up 12% YoY to $1.53B, in line with est., and says it ended its $400M Perplexity deal announced in November; SNAP drops 4%+ after hours
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
Lucas Shaw / Bloomberg:
Sources: Sony is in talks to acquire Recognition Music Group, which includes works of Justin Bieber and Neil Young, from Blackstone for between $3.5B and $4B
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
 Earlier Picks: 
Etan Vlessing / The Hollywood Reporter:
Fubo reports Q2 revenue up 40% YoY to $1.57B, net loss of $6.2M, down from $40.9M in Q2 2025, and 5.7M North American subscribers, down from 5.9M in Q2 2025
 

 
From Techmeme:

Bloomberg:
Filing: Google has agreed to pay SpaceX $920M per month for access to Nvidia chips as part of a cloud-services deal that runs through mid-2029

Bloomberg:
President Trump says he is weighing proposals for US government to hold equity stakes in leading AI labs, and will soon discuss the idea with their executives

Igor Bonifacic / Engadget:
OpenAI rolls out Lockdown Mode, an optional security setting designed to offer users advanced protection from prompt injection attacks by limiting some features
 
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