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8:05 AM ET, May 6, 2026

Mediagazer

 Top News: 
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 4%+ pre-market  —  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).
Discussion: The Wrap, Yahoo Finance, Blockonomi and CNBC
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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 …
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 …
Discussion: @xpangler
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
RELATED:
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.
Discussion: The Wrap and Reuters
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
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 …
RELATED:
Christiana Sciaudone / A Media Operator:   People Inc. reports Q1 revenue down 2% YoY to $385.7M, adjusted EBITDA down 46% to $43.5M, and unique site visits fell 18% YoY
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 …
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.
 
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 More News: 
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 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
 Earlier Picks: 
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
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
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
 

 
From Techmeme:

Anthropic:
Anthropic says Claude Fable 5 uses conservative safety classifiers that trigger a fallback to Claude Opus 4.8 in <5% of sessions, in areas like cybersecurity

Wall Street Journal:
Sixteen economists on what AI will mean for the US economy, workers, and workplaces: AI will boost productivity in the near term, but only two expect more jobs

Wall Street Journal:
Kalshi plans to require users seeking to make bets in some markets linked to material nonpublic information to submit an online form disclosing where they work
 
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