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3:05 AM ET, June 24, 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
Max Tani / Semafor:
Documents: The Daily Wire, founded by conservative podcaster Ben Shapiro in 2015, seeks to raise at least $100M in a round that would value the company at $750M  —  The Scoop  —  The Daily Wire, one of the biggest players in conservative media, is in talks to take on at least $100 million in investment …
RELATED:
Joshua Benton / Nieman Lab:
A UK report on the plan to require social platforms to prominently show “trustworthy news” acknowledges that criteria for trustworthiness are yet to be defined  —  The British government is asking social media companies to put more news — real news, produced by public service broadcasters …
RELATED:
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 …
Sarah Nassauer / Wall Street Journal:
Walmart acquires Paris-based Vibe.co, which lets businesses create and buy ads on CTVs, sources say for $1.4B, as it competes with Amazon for ad revenue  —  Retail giant is paying $1.4 billion for Vibe.co, a company that enables advertising through connected TVs
Benjamin Mullin / New York Times:
Sources: CBS News' ombudsman has issued no public statements or internal feedback since being hired as a condition of FCC approval for Skydance's Paramount deal  —  With CBS News rocked by controversy, some viewers have turned to the network ombudsman for a public response.  So far, they haven't gotten one.
Discussion: @scottnover
Brooks Barnes / New York Times:
How CAA is repositioning its marginal creator division to an urgent bet as it signs big names, poaches creator-focused agents, and attends Cannes Lions  —  Trisha Paytas, a digital star, is part of CAA's growing roster of creators.Michelle Groskopf for The New York Times
Zac Ntim / Deadline:
UNIC: cinema admissions fell 4.4% YoY to 873.2M in Europe in 2025 and box office revenue fell 1.2% to €6.9B; US movies make up the bulk of the European market  —  Cinema admissions dropped 4.4% across Europe to 873.2 million in 2025, according to a new report published by the International Union of Cinemas (UNIC).
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.
 
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 More News: 
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
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
 Earlier Picks: 
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
Rebecca Rubin / Variety:
Netflix names Hannah Minghella as head of its Animation Studios, as it streamlines its animation efforts; VP Kira Goldberg will lead live-action family division
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
 

 
From Techmeme:

New York Times:
Sources: Meta is building a standalone prediction markets app called Arena, which would probably rely on video game-like points instead of money wagers

New York Times:
Sources: the NSA was red-teaming Mythos 5 before losing access amid the Anthropic dispute; the tests showed Mythos identified flaws in classified systems

Britney Nguyen / MarketWatch:
Micron and Sandisk led a tech selloff on Tuesday, falling more than 13%; Western Digital fell 8%, Marvell 9%, Seagate 5%, Qualcomm 8%, and Applied Materials 8%
 
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