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11:20 PM ET, May 11, 2026

Mediagazer

 Top News: 
Todd Spangler / Variety:
Byron Allen is taking a majority stake in BuzzFeed, investing $120M, and will become CEO; Jonah Peretti will move to a new role as president of BuzzFeed AI  —  BuzzFeed announced it has entered into a transaction agreement with Allen Family Digital, an affiliate of Byron Allen's family office …
Wall Street Journal:
Sources: Trump privately complained to acting AG Todd Blanche about media leaks tied to the Iran war; the WSJ has received subpoenas for records of reporters  —  President Trump privately complained to acting Attorney General Todd Blanche about media leaks in the wake of the Iran war last month …
Scott Nover / Washington Post:
President Trump nominates Kari Lake, whom he tasked with dismantling USAGM and VOA, as US ambassador to Jamaica; a judge ruled in March she illegally ran USAGM  —  Lake was tasked with dismantling the U.S. Agency for Global Media and Voice of America, and became embroiled in contentious legal battles.
Jonathan Stempel / Reuters:
Texas AG Ken Paxton sues Netflix for allegedly spying on consumers by collecting their data without consent, and designing its platform to be addictive  —  Netflix (NFLX.O) was sued on Monday by Texas Attorney General Ken Paxton, who accused the streaming company of spying on consumers …
David Folkenflik / NPR:
The Atlanta Journal-Constitution CEO Andrew Morse steps down after a three-and-a-half-year tenure, to be succeeded by Cox Media executive Paul Curran  —  Andrew Morse had helped usher ABC, Bloomberg and CNN into the digital age.  In January 2023, he turned his sights on Atlanta …
New York Times:
A look at Israel's efforts to influence Eurovision as some broadcasters pushed to ban the country from the music competition and threatened to boycott the event  —  Israel's efforts to influence Eurovision's vote were broader and started years earlier than previously known.  —  TIMES INVESTIGATION
Daniel Thomas / Financial Times:
Sony Music Group, via its JV with Singapore's wealth fund GIC, agrees to buy Recognition Music Group's catalogue of 45K+ songs from Blackstone in a ~$4B deal  —  Acquiring Recognition Music Group catalogue hands Sony collection of 45,000 songs including Leonard Cohen's ‘Hallelujah’
Michael M. Grynbaum / New York Times:
NBC plans a game show based on the NYT's Wordle, hosted by Today Show anchor Savannah Guthrie; NYT and Jimmy Fallon will be production partners  —  The word puzzle published by The New York Times is the inspiration for a game show that will begin airing next year.  Jimmy Fallon is a producer.
Jill Goldsmith / Deadline:
Fox reports Q3 revenue down 8.6% YoY to $3.99B, a profit of $175M, down from $354M YoY, cable revenue up 5% YoY to $1.74B, and ad revenue down 21% to $1.56B  —  Fox reported total quarterly revenue of $3.99 billion for its fiscal third quarter ended in March, down from $4.37 billion …
Discussion: Fox and Variety
Max Tani / Semafor:
Julie K. Brown's special Pulitzer citation after a previous snub shows how the awards are struggling to keep up with public sentiment and shifting media habits  —  The Pulitzers this year revived an old internal disagreement among the guardians of journalism's top award over reporting on Jeffrey Epstein …
 
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 More News: 
Emma Roth / The Verge:
Some high-profile publications have migrated from Substack to rivals like Ghost and Beehiiv citing Substack's high fees and increased focus on social features
Alison Weissbrot / Adweek:
WPP US president Michael Houston will step down and transition to a new role as senior adviser; WPP will not backfill Houston's role
Yash Roy / Bloomberg:
Transportation Secretary Sean Duffy faces criticism for filming a reality show for The Great American Road Trip, sponsored by companies regulated by the DOT
Joe Flint / Wall Street Journal:
Letter to Disney CEO Josh D'Amaro: the FCC's Democratic commissioner Anna Gomez says ABC has been a victim of a “coordinated campaign of censorship and control”
Sean Keach / The Sun:
TikTok is rolling out TikTok Ad-Free, a £3.99-per-month subscription for UK accounts aged 18 or older “over the coming months”, after testing the option in 2023
 Earlier Picks: 
Max Goldbart / Deadline:
X partners with soccer journalist Fabrizio Romano to host Fabrizio 24/7, a series of 40 videos and three live streams across the World Cup in June and July
Discussion: Advanced Television and kottke.org
Natalie Korach / Status:
Sources: some WaPo staff question Adam O'Neal's and Jeff Bezos' effort to embrace video for WaPo's opinion offerings, including $80K in new video equipment
Michelle Cyca / @michellecyca.com:
The NYT says it wrongly used an AI-generated summary of a Canadian politician's views as his quote in an article, potentially violating its AI use policy
Ian Youngs / BBC:
Bafta TV Awards: Netflix's Adolescence makes history with four wins, the most in a single year; the BBC's Celebrity Traitors won best reality program
Wall Street Journal:
A look at Barnes & Noble's turnaround under James Daunt, who has made aggressive cuts ahead of a potential IPO; B&N is on track to open 60 new stores in 2026
 

 
From Techmeme:

Amrith Ramkumar / Wall Street Journal:
President Trump signs two executive orders aimed at speeding the development of advanced quantum computers and mitigating the security threats they present

Chloe Taylor / CNBC:
South Korea's tech-heavy Kospi index falls 10%, dragged down by SK Hynix and Samsung; STMicro and ASML fall ~7%, and US tech stocks fall in pre-market trading

Bloomberg:
Sources: Tencent is negotiating exits from several game studio investments in Japan, including Tokyo-traded Marvelous, as it reassesses its global portfolio
 
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