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11:50 AM ET, May 26, 2026

Mediagazer

 Top News: 
Alex Weprin / The Hollywood Reporter:
SpaceX filing: X's ad revenue was $1.8B in 2025, $1.7B in 2024, and $2.3B in 2023, below Twitter's $4B in 2021; X and Grok now have 6.3M active paid subscribers  —  SpaceX's IPO filing reveals ad revenue for X is still below what it was when Musk acquired Twitter, but it is growing again.
Discussion: New York Magazine
Dade Hayes / Deadline:
Tegna names Fox Television Stations veteran Patrick Paolini as CEO; former CEO Mike Steib stepped down in March after Nexstar announced its merger with Tegna  —  Paolini spent 26 years at the Fox stations, including most recently as EVP of ad sales, departing the company last week.
Max Goldbart / Deadline:
Gary Lineker's Goalhanger launches Goalhanger Ventures, an arm to provide infrastructure and funding, and makes an investment in Charlie Tymon's Invisible Media  —  It has also struck a partnership with Backyard Cricket, a sports creator brand.  —  Invisible Media said its videos …
Politico:
The US DOJ charges Thomas Pauken II, a US journalist who worked for Chinese state-run news outlets, for allegedly acting as an unregistered agent for China  —  The individual Pauken reached out to, who is not named in public court papers, “was not hired for the exact job he wanted …
Jesse Whittock / Deadline:
UK private equity firm Goldenpeak acquires Ampere Analysis for an undisclosed fee, marking the entertainment analysis company's first institutional investment  —  Ampere Analysis today has a new owner and another research house in its stable.  —  Private equity firm Goldenpeak has acquired …
Reuters:
Handelsblatt: the EU plans to fine Google a high triple-digit million euro amount as part of a 2025 probe over concerns it favors its own services in Search  —  The European Union is planning to fine Alphabet's (GOOGL.O) Google a high triple-digit million euro amount as part of an antitrust investigation …
Lakshmi Varanasi / Business Insider:
X says it is cracking down on large accounts that have been gaming its revenue-sharing program by “programmatically reuploading content from smaller accounts”  —  X is introducing new strategies to rein in its copycat economy.  —  Elon Musk's social media platform is now cracking …
Lewis Parker / Kotaku:
Sources: Valnet issued new “Pay Per Session” contracts to TheGamer staff, including not paying writers if their articles do not exceed a minimum views threshold  —  Editors and writers at the Valnet-owned site TheGamer will now reportedly not be paid for their work if their articles do not accrue enough views
Charlotte Tobitt / Press Gazette:
ITN rebrands its ITN Archive YouTube channel as Frontline by ITN, with a £3.99-per-month subscription option, and launches two new consumer-facing channels  —  Move supports digitisation of the ITN archive on new Frontline by ITN channel.  —  ITN has expanded the use of its archive footage …
Michael Schneider / Variety:
CBS issued takedown notices to YouTube users over Stephen Colbert's return to public access series Only in Monroe, but says it will stand down after outcry  —  Yes, it's true, Paramount/CBS had been issuing takedown notices to YouTube users who were uploading bootleg copies …
RELATED:
Lucas Manfredi / The Wrap:
CBS says Colbert's Only in Monroe episode was financed and produced by CBS Studios but it has decided to stop issuing takedown notices “until additional review”
 
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 More News: 
Adi Robertson / The Verge:
The US FTC settles with Cox, MindSift, and 1010 Digital Works for $930K over claims they falsely said they could use phone mics to spy on users for ad targeting
Wall Street Journal:
Sources: Love Island brought Peacock ~2M new subscribers in 2025, a rare bright spot after ~$1B in recent losses; Comcast says Peacock has 46M subscribers
Mark Stenberg / Adweek:
eMarketer: live sports TV ad spend in the US will top $20B in 2027 and hit ~$25B by 2030, growing 27% from 2026 to 2030, 4x the rate of the overall TV ad market
 Earlier Picks: 
Alice Brooker / Press Gazette:
French political title Contexte, which generates 100% of its revenue from subscriptions, reports a €268K net profit for 2025, its first profit without subsidies
Discussion: Contexte
Etan Vlessing / The Hollywood Reporter:
Analysts speculate about the best candidates to buy Imax, noting a studio buyer could erode Imax's value if the buyer favored its own releases over competitors
Corbin Bolies / The Wrap:
GLAAD and more than 40 advocacy groups submit a public comment calling the FCC's proposed LGBTQ TV warning label “unnecessary, unhelpful and discriminatory”
Marcelo Cajueiro / Variety:
Sofa, a Brazilian TV network, plans to launch 16 free ad-supported channels on YouTube, in Spanish and Portuguese in Brazil, Latin America, the US, and Portugal
 

 
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

Bloomberg:
Sources: Tencent is negotiating exits from minority investments in game studios in Japan, such as Tokyo-traded Marvelous, as it reassesses its global portfolio

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
 
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