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8:05 AM ET, May 10, 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:
Kelcee Griffis / Bloomberg:
ABC's claim that the FCC is trying to chill speech marks a new approach from ABC and Disney, which had been largely compliant with Trump administration demands  —  Walt Disney Co.'s ABC network fired back at the Federal Communications Commission on Friday, accusing the regulatory agency of seeking to …
Gary Baum / The Hollywood Reporter:
Keith Kelly, the former NY Post media reporter, is now editing a group of Straus Media-owned hyperlocal weeklies covering NY neighborhoods  —  The former New York Post columnist is reviving neighborhood journalism with a stable of neighborhood papers like The West Side Spirit and Chelsea News.
Suzanne Vranica / Wall Street Journal:
A profile of WPP CEO Cindy Rose as she works to untangle the ad holding company's unwieldy operating structure while new AI capabilities change the business  —  Cindy Rose is trying to pivot WPP toward an AI-driven future while cutting costs, ending internal rivalries and destigmatizing risk-taking failure
Discussion: Communicate Online and PR Week UK
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.”
Ben Fritz / Wall Street Journal:
Sony says Crunchyroll subscribers grew ~25% to 21M in the past year; Nielsen: US Crunchyroll viewers streamed 4.4B minutes in Jan. 2026 vs. 2.1B in Jan. 2024  —  Sony's Crunchyroll increased its subscriber base nearly 25% in the past year, as young audiences seek entertainment that stands apart from typical fare
RELATED:
Jada Yuan / The Hollywood Reporter:
A profile of W magazine EIC Sara Moonves; it hit profitability in December 2025, has 450K subscribers, and plans to launch biannual teen print magazine WYouth  —  Sara Moonves' trick for resurrecting a near-dead glossy — A-list allies, analog ambition, extravagant style, and a sexy cameo from Brad Pitt.
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.
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 …
 
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 More News: 
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
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
Michael Luciano / Mediaite:
Real America's Voice reporter Brian Glenn says he is quitting his job and is planning a wedding this year with former US Rep. Marjorie Taylor Greene
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
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
 Earlier Picks: 
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
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
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
 

 
From Techmeme:

Reuters:
SpaceX agrees to acquire Cursor in a merger valuing the AI coding startup at $60B, set to close in Q3 2026, or pay a $4B to $10B termination fee

Sarah Perez / TechCrunch:
Google launches Android 17 and Wear OS 7, first on Pixel devices, with support for the latest AI models, a bubble bar UI, and live updates on Wear OS

Ed Zitron / Ed Zitron's Where's Your Ed At:
Docs: audited financial figures show OpenAI spent $34B in 2025, up 172% YoY, including $19B on research and development and nearly $6B on sales and marketing
 
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