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11:20 AM ET, June 23, 2026

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 Top News: 
Perry Stein / Washington Post:
Source: the US DOJ sought to force WaPo and WSJ reporters to testify before a grand jury but withdrew the subpoenas this month after the outlets challenged them  —  Subpoenas for reporters to appear before a grand jury are exceedingly rare.  The journalists have not testified.  —  Summary
Jake Kanter / Deadline:
UK ministers are advancing a bill requiring YouTube and TikTok to promote BBC and ITV content, as well as forcing streamers to show big sports events for free  —  YouTube, TikTok, and other major video-sharing platforms will be told to carry public service content prominently under new legislation being drawn up by the UK government.
Deadline:
Piers Morgan's Uncensored raised $27M led by Raine Ventures and Antenna Group, with Elisabeth Murdoch participating, sources say at a $145M valuation  —  Among those backing the former CNN anchor is Elisabeth Murdoch, an interesting detail for media watchers, given that Morgan carved …
John Koblin / New York Times:
Netflix orders a spinoff of Hot Ones, the hit YouTube series hosted by Sean Evans, titled Hot Ones: Extra Heat, set to stream after major live sporting events  —  The streaming giant bought a spinoff of a popular online interview series that features celebrities eating fiery chicken wings, the latest salvo in its rivalry with YouTube.
Financial Times:
OpenAI debuts at Cannes Lions, pitching its new ChatGPT ad business and Codex to marketers, as it tries to build a multibillion-dollar business ahead of its IPO  —  Lossmaking AI group is presenting at Cannes Lions advertising conference for the first time  —  OpenAI is making its debut …
RELATED:
Max Tani / Semafor:
The Daily Wire, Truth Social, and other conservative brands are making their presence known this year at Cannes Lions ad festival, which tends to avoid politics
Discussion: The Ankler, Ad Age and Martech Record
Ted Johnson / Deadline:
ABC is airing direct appeals to its audience for The View and for stations it owns, asking viewers to comment on FCC actions challenging the show and stations  —  The spots, which will start airing on Monday, are the latest pushback from The Walt Disney Co. and the network …
Duncan Riley / SiliconANGLE:
Beehiiv adds Cloudflare AI Crawl Control to writers' dashboards, allowing them to decide whether AI crawlers can scrape their work  —  Cloudflare Inc. and newsletter platform beehiiv Inc. today launched an integration that hands independent publishers a single toggle to decide whether …
Meredith Klein / Meredith & The Media:
Q&A with Brian Steinberg, senior TV editor at Variety, on covering the business of advertising, media, and TV, how the role of journalism has changed, and more  —  This week, I sat down with Brian Steinberg, senior TV editor at Variety.  — Did you always want to be a journalist?
Juro Osawa / The Information:
ByteDance unveils Seedance 2.5, saying the AI video model can generate up to 30-second clips from up to 50 reference materials, up from 12 for Seedance 2.0  —  ByteDance on Tuesday unveiled Seedance 2.5, its new AI video generation model, at a conference in Beijing.
Ben Fritz / Wall Street Journal:
Google invests in independent movie studio A24 as part of a new AI partnership; sources say Google is investing ~$75M, roughly equal to Thrive's 2024 investment  —  Search giant is putting about $75 million into the film company as part of an artificial-intelligence research partnership
 
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 More News: 
PYMNTS:
Walmart integrates its US and international ad operations into one framework and rebrands Sam's Club Member Access Platform to Sam's Club Connect
Discussion: Walmart Inc.
Jeff Barker / @jeffbarkermedia:
Jeff Barker, who has covered politics and sports for The Baltimore Sun for 25 years, resigns, saying the news outlet has changed under ownership of David Smith
Ben Sisario / New York Times:
Clive Davis, one of music's most powerful executives who guided the careers of Aretha Franklin, Barry Manilow, and Whitney Houston, dies at 94
 Earlier Picks: 
Katie Kilkenny / The Hollywood Reporter:
Meta is testing horizontal video on Instagram for TV, plans to experiment with longer-form storytelling, and launches Instagram for TV on Samsung TV devices
Kerry Flynn / Axios:
Sources: marketing tech startup AppsFlyer raised a $1B Series E at a $2.7B post-money valuation; Moloco, Google, Meta, and Unity acquire minority stakes
K.J. Yossman / Variety:
Filings: Disney's UK subsidiary reports revenue up 11.1% YoY to £4.4B for the FY ending September 27, 2025, with post-tax profits up 37.7% to £811M
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Meta unveils Meta Adventurer and Fury glasses, each priced at $299, its first under its own brand, and a $399 Starfire model in collaboration with Kylie Jenner

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
 
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