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4:50 AM ET, June 16, 2026

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 Top News: 
Joseph De Avila / Wall Street Journal:
Fox says it is acquiring Roku in its largest deal yet, valued at ~$25B, giving it access to 100M+ streaming households globally; FOX closes down 15.22%  —  Acquisition gives Fox access to more than 100 million streaming households  —  Fox said it is acquiring streaming company Roku in a deal worth around $22 billion, including debt.
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Caitlin Huston / The Hollywood Reporter:
Lachlan Murdoch says the “expectation” of Fox, which will own two of the top free, ad-supported streamers, is to keep the Roku Channel and Tubi separate  —  The $22 billion deal to acquire Roku also gives Fox two of the top free, ad-supported streaming services.
CNBC:
Fox says it obtained a $12B loan for the ~$22B Roku deal; existing Fox shareholders are expected to own ~73% of the combined company and Roku shareholders ~27%  —  Fox Corp is buying Roku in a cash-and-stock deal valued at about $22 billion in a bet that pairing its sports and news programming …
Wall Street Journal:
Sources: the DOJ closed an investigation of Paramount's bid for WBD before career staffers who were concerned about the acquisition had an opportunity to object  —  Career antitrust officials investigating Warner acquisition were leaning toward recommending a challenge to the merger, people familiar with the matter say
Todd Spangler / Variety:
Netflix expands its iHeartMedia partnership to stream video episodes of podcasts from Martha Stewart and others; the episodes will no longer be on YouTube  —  In an extension of Netflix's existing deal with iHeartMedia, Netflix has secured exclusive rights to the video versions of podcasts from Stewart, Pons and the Hudsons.
Liv McMahon / BBC:
The UK's social media ban will cover Snapchat, TikTok, YouTube, Instagram, Facebook, X, and more, and will require platforms to stop children from livestreaming  —  The UK has announced it is going to ban social media for under-16s.  —  Prime Minister Sir Keir Starmer said that the ban would take effect in early 2027.
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Reuters:
Keir Starmer says the UK will ban social media for under-16s in an “Australia-plus model” to “give kids their childhood back”, set to take effect in spring 2027
Assiatou Hann / CNBC:
Electronic Arts launches EA Advertising, letting brands integrate directly into gameplay through dynamic, real-time placements, including stadium signage  —  Electronic Arts announced EA Advertising, a new way for brands to connect with fans through its portfolio of games …
Nellie Andreeva / Deadline:
In a note to partners, Disney says Disney Branded Television is rebranding itself as Disney Kids & Family to reflect the nature of the division's content  —  OConnell and Davis shared the renaming news in a note to Disney Branded television creative partners, which you can read in full below.
Max Tani / Semafor:
The NYT says it is reviewing columnist Nick Kristof's work that favorably mentioned former donors to his 2022 Oregon governor bid, including Bill Gates  —  The Scoop  —  When The New York Times announced that columnist Nick Kristof would return following a scuttled 2021 bid for governor of Oregon, the paper made a promise to readers.
Daniel Thomas / Financial Times:
Sources: BBC News will announce hundreds of job cuts next week, in the first part of a broader plan to cut ~10% of costs and ~2,000 jobs across BBC departments  —  Cuts likely to affect specific radio shows as part of corporation plans to reduce costs  —  The BBC is set to cut hundreds …
Discussion: The Guardian and BMI
Bloomberg:
How South Korean film industry is adopting AI after its worst downturn in years; Korean Film Council: 13 out of 72 high-budget films broke even in 2023 and 2024  —  Two films built largely with generative AI tools are on view in South Korean theaters  —  Good afternoon from Orient, New York.
Discussion: The Korea Times
Dominic Ponsford / Press Gazette:
Around 31 UK websites adopt “Search-Only Contracts” setting payment rates, typically £500/article, for unauthorized AI scraping, paving the way for legal claims  —  Google's new $1bn London headquarters could be receiving a visit from the bailiffs this summer after publishers opened …
 
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 More News: 
Jessica Toonkel / Wall Street Journal:
A profile of Sarah Longwell, founder of opinion news site The Bulwark; source: its revenue was $20M+ in 2025 and is on track to increase by ~50% this year
 Earlier Picks: 
Axios:
Sources: WH officials believe NYT's Maggie Haberman and Jonathan Swan obtained audio recordings of Situation Room meetings for their upcoming book Regime Change
 

 
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

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

Molly Taft / Wired:
Filing: the US DOJ asks the court to dismiss an NAACP lawsuit over xAI's gas turbines, saying xAI is integral to the US' military operations, like the Iran War
 
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