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9:45 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.
Nick Vivarelli / Variety:
The EU says Paramount has committed to exit its United International Pictures distribution JV with Universal as a condition for EU approval of its WBD merger  —  Paramount will exit its United International Pictures distribution joint venture with Universal as a condition for EU approval …
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’
Leo Barraclough / Variety:
Canal+ drops some TF1 channels in France, Switzerland, and Africa after talks fail; TF1 recently launched a Netflix distribution partnership in France  —  Pay-TV giant Canal+ Group has ceased distribution of a number of channels from French broadcaster TF1 Group in France, Switzerland and across Africa after negotiations broke down.
Discussion: Telecompaper
Jack Dunn / Variety:
As The Onion relaunches Infowars, a Q&A with comedian Tim Heidecker about becoming its creative director, the launch lineup, conservative caricatures, and more  —  David vs. Goliath.  Rocky Balboa vs. Apollo Creed.  The Onion and Tim Heidecker vs. InfoWars and the Texas court system.
Discussion: Fast Company and Associated Press
Andrew Hutchinson / Social Media Today:
X launches Live Studio, an updated livestreaming hub within Creator Studio with a simplified desktop setup, chat control options, custom thumbnails, and more  —  The updated livestreaming platform on desktop will provide more options for live video creators.  —  Listen to the article
 
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 More News: 
Amos Barshad / Columbia Journalism Review:
Q&A with Tucker Carlson on media influence over Trump, whether legacy media can navigate this era, his NYT interview, planning a new political party, and more
 Earlier Picks: 
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
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
 

 
From Techmeme:

Financial Times:
Sources: OpenAI has discussed giving a 5% stake to the US government, seeking to clear political obstacles by securing buy-in from the Trump administration

Nikkei Asia:
Sources: Apple has told suppliers to prepare to produce ~10M foldable iPhones in 2026, up from 7M to 8M previously, and 80M iPhones in total across new models

Todd Bishop / GeekWire:
Microsoft invests $2.5B and forms a new company that will embed 6,000 staff with customers to design, deploy, and improve AI systems based on business outcomes
 
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