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8:50 PM ET, May 8, 2026

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 Top News: 
New York Times:
Filing: ABC accuses the FCC of violating the First Amendment, after the FCC made extensive document requests and probed whether The View broke equal time rules  —  The network's argument, made to the F.C.C., is the most aggressive posture taken yet by a television network toward the Trump administration.
RELATED:
Wall Street Journal:
Source: Rupert Murdoch warned Trump at a dinner in February that if streamers gained rights to more games, including NFL games, it would kill broadcast networks  —  Fox founder lobbies Trump to preserve air rights for broadcasters as powerful streamers encroach on their turf
Todd Spangler / Variety:
Sony Pictures reports FY 2025 revenue flat YoY to $9.9B; Sony Music reports FY 2025 sales up 15% YoY to $13.46B, and operating income up 25% to a record $2.85B  —  Music segment revenue up 15% for fiscal year, PlayStation sales flat  —  Sony Pictures Entertainment revenue came in roughly flat …
The Athletic:
Sources: Netflix will air the NFL's first-ever regular-season game in Australia, featuring the San Francisco 49ers and Los Angeles Rams on September 10  —  Netflix will air the NFL's first-ever regular-season game from Australia during this year's opening week, sources briefed on the move tell The Athletic.
Tatiana Siegel / Page Six:
Sources: 60 Minutes correspondent Sharyn Alfonsi is out at the end of the month when her contract expires; Weiss threatened to sue Alfonsi over 60 Minutes leaks  —  Last week, Sharyn Alfonsi told the crowd while picking up a Ridenhour Prize in Washington, DC: “My hope recently has been that I still have a job.”
Ethan Millman / The Hollywood Reporter:
Sources: in a deal worth $300M+, the Red Hot Chili Peppers sold the rights to their recorded catalog to Warner Music, which worked with Bain to fund the deal  —  The deal makes up about half of the $650 million WMG reported that they spent through a joint venture catalog acquisition with Bain Capital.
Olivia Solon / Bloomberg:
OnlyFans agrees to sell a ~16% stake to Architect Capital for $535M in a deal that values the company at about $3.15B  —  OnlyFans, the platform best known for adult content, agreed to sell a minority stake to Architect Capital in a deal that values the British company at about $3.15 billion.
Todd Spangler / Variety:
Trump Media and Technology Group reports Q1 net sales up 6% YoY to $871,200 and a $405.9M net loss; DJT is down 35% so far in 2026 for a market cap of ~$2.47B  —  Trump Media and Technology Group, operator of social-media platform Truth Social, reported a massive net loss for the first three months …
Bloomberg:
At Tegna, contract negotiations, hiring, and business plans are on hold amid a court-ordered “hold separate” period in the suit blocking Nexstar's acquisition  —  Few executives bother coming into Tegna Inc.'s corporate offices in New York and Tysons, Virginia, very often anymore.
Discussion: Deadline and Morningstar
 
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 More News: 
Lacey Rose / The Hollywood Reporter:
Stephen Colbert talks about his plans after his show ends May 21, the gloomy future of late-night TV comedy, focusing on laughter as a first principle, and more
Lily Ford / The Hollywood Reporter:
Substack says paid subscriptions to creators in the UK, its second-largest market, hit 500K+; global paid subs hit 5M+, with 50+ creators earning $1M+ annually
Hamish McKenzie / On Substack:
Q&A with Emily Sundberg about her business, tech, and culture newsletter Feed Me, building a media business on Substack from scratch, paywalls, and more
Pew Research Center:
Surveys: half of US adults under 50 get health info from influencers or podcasts; 86% of health influencers are on Instagram, 62% on TikTok, and 45% on YouTube
Oliver Darcy / Status:
Letter: Freedom of the Press Foundation and RSF seek Paramount's records over reports the Ellisons allegedly agreed to compromise CNN to secure the WBD deal
 Earlier Picks: 
Vaishnavi Mishra / NDTV Profit:
Axios Middle East correspondent Barak Ravid rejected allegations that his outlet coordinated with oil market insiders ahead of his story on a US-Iran peace deal
Bloomberg:
Sources: Elliott Management selected Goldman Sachs and JPMorgan Chase to lead a combined London IPO of book retailers Barnes & Noble and Waterstones Booksellers
Daniel Thomas / Financial Times:
A look at the career of wildlife filmmaker and TV innovator David Attenborough, who first appeared on British TV screens in the 1950s and turns 100 on Friday
 

 
From Techmeme:

Financial Times:
Sources: Anthropic has embedded around half a dozen forward-deployed engineers within the NSA to help the agency deploy Mythos for offensive cyber operations

Wired:
Analysis: Meta discreetly added code for an unreleased “NameTag” face-recognition system for its AI glasses over multiple updates to the Meta AI app this year

Ryan Christoffel / 9to5Mac:
Apple-funded study: the App Store had $1.4T in billings and sales globally in 2025; apps with consumer-facing AI saw 4x more billings growth than other apps
 
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