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2:15 AM ET, July 2, 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.
RELATED:
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 …
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.
RELATED:
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
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’
Rebecca Rubin / Variety:
Alamo Drafthouse is launching a distribution program for indie movies that were well-received at film festivals but didn't attract traditional distributors  —  Alamo Drafthouse is launching a distribution program that's designed to showcase film festival releases that never scored distribution.
Discussion: Screen, Los Angeles Times and Deadline
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 …
Discussion: Business Today
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
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
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
 Earlier Picks: 
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
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
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
Discussion: @peterhamby, CNN, CNN, @douglaslfarrar, Poynter, Megyn Kelly, Mediaite, @thrasherxy.bsky.social, Townhall, RedState, @thrasherxy.bsky.social, @thrasherxy.bsky.social, @thrasherxy.bsky.social, Pew Research Center, Inside Radio, New York Post, @djoslyn.bsky.social, Breitbart, @markjacob.bsky.social, PR Daily, Newser, Newsbusters, @fbajak.bsky.social, The Maine Wire, NPR, SCOTUSblog, JONATHAN TURLEY, @mzhemingway, @megbasham, The Free Press, @macfarlanenews, NOTUS, @ezraacohen, @mattbramanti, @jeremymbarr, @seantrende, @chuckrossdc, @jeremymbarr, @benmullin, @matthewkeyslive, @jeremymbarr, @nick_field90, @nick_field90, @chuckrossdc, @kenklippenstein, @wilson__valdez, @eggerdc, @alexthomp, @timricedc, @alexandermccoy4, @brianstelter, @rebekah_e_s, @shoveitjack, @blueboxdave, @peterbakernyt, @jpodhoretz, @normeisen, @hunteryharris, @ajentleson, @bonchieredstate, @brianstelter, @igorbobic, @arlenparsa, @mirandadevine, @brianstelter, TheDesk.net, The Independent, The Atlantic, Reason, @klonick.bsky.social, Vanity Fair, Fox News, The Gateway Pundit, The Wrap, @greenwell.bsky.social, The Hill, @susanrinkunas.com, HotAir, @kelciemmorris.bsky.social, @smmarotta.bsky.social, @bachynski.bsky.social, @mgallagher.bsky.social, @radleybalko.bsky.social, The Washington Free Beacon, @kissane.myatproto.social, @jimsaksa.com, Kelly McBride on LinkedIn, @bsdtectr.bsky.social, Associated Press, The Guardian, New York Magazine, The Post Millennial, The Daily Wire, Above the Law, Raw Story, TMZ.com, Political Wire and New York Times
 

 
From Techmeme:

Financial Times:
Sources: OpenAI has discussed giving a 5% stake to the US government as the company seeks to clear political obstacles by securing buy-in from the Trump admin

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

Ty Roush / Forbes:
Alex Karp calls US reliance on AI labs for military tech “effing insane”, pans AI fees for businesses, and touts Palantir's Nvidia Nemotron deal for US agencies
 
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