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9:55 PM ET, July 1, 2026

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 Top News: 
Rob Wile / NBC News:
President Trump's 2025 financial disclosures show $80M in income from settlements tied to his lawsuits against ABC, CBS, Meta, YouTube, and other companies  —  The annual report also includes $80 million in income from settlements tied to his lawsuits against companies like ABC, CBS, Meta and YouTube.
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Alex Weprin / The Hollywood Reporter:
Filing: Trump's earnings from Hollywood last year include $10.7M for Melania, tens of millions in legal settlements, Screen Actors Guild Pension, and more  —  A disclosure form reveals a $10.7 million fee for ‘Melania,’ legal settlements and a residual from ‘The View.’ It also suggests …
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Edith Hancock / Wall Street Journal:
The European Commission says Paramount offered concessions for its $110B WBD takeover to ease competition concerns, and sets a July 22 investigation deadline  —  Paramount says it's confident the remedy directly and comprehensively addresses concerns  —  Paramount Skydance offered …
Bloomberg:
Bending Spoons, which owns Vimeo and AOL, closed up 40% in its US market debut on Wednesday at a $25.7B valuation, after raising $1.68B in its IPO  —  Bending Spoons SpA shares surged 40% above their initial public offering price after the company and some of its backers raised $1.68 billion.
The Guardian:
Canada will join the Eurovision song contest in 2027, becoming the first new participant since Australia in 2015; the contest will be held in Bulgaria  —  Country is first to join since Australia in 2015 as event director says it ‘continues to welcome the world’
Sankalp Phartiyal / Bloomberg:
India-based short video app ShareChat's parent company Mohalla Tech plans to raise up to $400M in an IPO in 2027; ShareChat has ~65M micro-drama viewers monthly  —  Mohalla Tech Pvt., which operates social network ShareChat, short-video platform Moj and subscription-based micro-drama app QuickTV …
Oliver Darcy / Status:
Sources: CNN chief legal affairs correspondent Paula Reid declined to renew her contract, which expires this summer, after raising concerns about CNN's future  —  It's a role Reid has filled repeatedly during her tenure at CNN, becoming one of the network's most trusted legal voices …
Kelly McBride / NPR:
NPR's Nina Totenberg misheard a statement about retirements and told editor Krishnadev Calamur that Alito was retiring; Calamur then posted a prewritten story  —  NPR legal affairs correspondent Nina Totenberg misheard an announcement about retirements as she was leaving the U.S. Supreme Court on Tuesday.
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Benjamin Mullin / New York Times:
NPR retracts an article saying Supreme Court Justice Samuel Alito was retiring; he has made no such announcement, and a spokesman called the story “inaccurate”
Sara Guaglione / Digiday:
The Economist launches Economist Play, a $15-per-month audio and video tier, costing around $10 less than its all-access premium subscription  —  The Economist has begun offering a lower-priced subscription tier for its audio and video journalism, called Economist Play …
 
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 More News: 
Dominic Ponsford / Press Gazette:
Google removed a Press Gazette story on “parasite SEO” company Clickout Media from search after a spurious takedown request was filed, the second time this year
Ivan Mehta / TechCrunch:
Podcasting platform Riverside launches AI tools to turn videos into newsletters, draft a first cut of a recording, create social media content, and more
Bloomberg:
Sources: TikTok settles a lawsuit before a second California trial over social media harm to minors for an undisclosed sum; Meta and Snap remain defendants
Elias Schisgall / Wall Street Journal:
Getty Images says it will terminate its Shutterstock merger after the UK CMA conditioned approval of the deal on Shutterstock selling its editorial business
 Earlier Picks: 
Jaspreet Singh / Reuters:
Dish DBS and several subsidiaries file for Chapter 11 bankruptcy protection in Texas; the company expects to emerge from bankruptcy by the third quarter
Nicole Sperling / New York Times:
Indie studio Neon acquires the biopic on Sam Altman and OpenAI, after Amazon MGM Studios walked away from it; Amazon invested $50B in OpenAI in February
Rick Porter / The Hollywood Reporter:
Netflix and Eureka Productions worked with ElevenLabs to use AI to re-create Gene Wilder's voice as Willy Wonka for a new unscripted series
Bloomberg Law:
A US federal judge blocks a DOD policy requiring staff escorts for credentialed reporters inside the Pentagon building, after the NYT challenged the policy
 

 
From Techmeme:

Bloomberg:
Sources: Meta plans a cloud infrastructure business that will sell access to AI compute and models, to compete with AWS, Azure, and Google Cloud; META jumps 9%

Stephen Totilo / Game File:
Sony says all new PlayStation games will only be sold in digital formats from January 2028, as digital media preference “significantly outpaces physical discs”

Wall Street Journal:
Sources: SpaceX showed investors a handset-like device prototype with AI tech from xAI, a proprietary OS, a Snapdragon chip, and a design slimmer than an iPhone
 
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