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1:40 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.
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 …
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
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.
Tim Page / New York Times:
Manuela Hoelterhoff, who won a 1983 Pulitzer for arts criticism at the WSJ and later wrote a book about the backstage world of opera, died on Wednesday at 77  —  She won the top journalism honor for criticism while with The Wall Street Journal.  She later wrote a wry, perceptive book about the backstage world of opera.
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  —  As ‘The Late Show’ nears its final bow, the host opens up about the cancellation that shocked the industry, the win of going out as a …
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  —  Two press freedom groups that hold Paramount shares are demanding internal records over concerns the Ellisons have agreed to compromise …
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  —  For our inaugural episode of Open Tab, we knew we wanted to speak with .  Emily's the founder and daily writer of , a business …
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  —  Charli XCX and Jamie Oliver are among the high-profile Brits currently using Substack, as the platform reveals exclusive new data …
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  —  Half of U.S. adults under 50 say they get health and wellness information from social media influencers or podcasts.
Bloomberg:
Sources: Elliott Management selected Goldman Sachs and JPMorgan Chase to lead a combined London IPO of book retailers Barnes & Noble and Waterstones Booksellers  —  Elliott Management Corp. has selected banks to lead a combined initial public offering of book retailers Barnes & Noble Inc …
 
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 More News: 
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
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
Gene Maddaus / Variety:
Most of California's Democratic congressional delegation sent a letter to state AG Rob Bonta urging him to “closely scrutinize” the Paramount-WBD deal
 Earlier Picks: 
Lucia Moses / Business Insider:
Microdrama actors say their images were used to create misleading, sexual promos, pushing them to include contract clauses requiring consent for AI manipulation
Discussion: Bollywood
Terrence O'Brien / The Verge:
Spotify launches Save to Spotify, a command-line tool that allows AI agents to upload generated audio summaries and personal podcasts to a user's account
 

 
From Techmeme:

Kurt Wagner / Bloomberg:
Meta invests $900M into Indian fintech Cred for a ~20% stake, and plans to appoint Cred founder Kunal Shah as the leader of WhatsApp, replacing Will Cathcart

Samantha Subin / CNBC:
SpaceX announces an offering of senior unsecured notes and discloses it has ~$100.8B in cash; SPCX closes down 16.43% in its third consecutive losing session

Jay Peters / The Verge:
Valve says Steam Machine, its new living room-friendly PC, will start at $1,049 for the 512GB base model, and go on sale starting June 29
 
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