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4:55 PM ET, July 15, 2026

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 Top News: 
Winston Cho / The Hollywood Reporter:
Paramount investors sue David and Larry Ellison, claiming the two struck an illegal deal with Trump for approval of the WBD merger by promising to overhaul CNN  —  The lawsuit claims that the Ellisons illegally promised to overhaul CNN as the administration looks to reshape media.
RELATED:
Brian Stelter / CNN:
Sources: execs expect a judge to grant a temporary restraining order delaying the Paramount-WBD merger; Paramount still expects to close the merger before Q4  —  Executives involved in the pending Paramount-Warner Bros. Discovery deal expect that a judge will hit pause on the takeover plan in the coming days.
Todd Spangler / Variety:
The Writers Guild of America sues Paramount and WBD in an effort to stop their merger, claiming the deal would hurt wages and working conditions for writers
Winston Cho / The Hollywood Reporter:
Letter: Tennessee Deputy Governor Stuart McWhorter urged David Ellison to move Paramount's corporate headquarters from California to Tennessee
Alex Weprin / The Hollywood Reporter:
Trump's recent comment on a “normal path” for CNN raised eyebrows amid the Paramount-WBD merger; Paramount would need CNN revenue to help pay off $80B in debt
Ted Johnson / Deadline:
Brendan Carr proposes repealing the national ownership cap, which restricts amassing TV stations that cover more than 39% of households, and sets an Aug. 6 vote  —  FCC Chairman Brendan Carr is proposing a repeal of the national ownership cap, which restricts broadcasters from amassing stations …
Corey G. Johnson / ProPublica:
Ethics disclosures show 7 out of 10 FCC commissioners since 2016 have accepted Kennedy Center tickets worth thousands courtesy of CBS or its parent company  —  Reporting Highlights  — Expensive Gifts: Despite regulating broadcast media, FCC commissioners have accepted pricey tickets …
Patrick Coffee / Wall Street Journal:
How TikTok Shop sellers are using AI creators and AI twins to boost sales; eMarketer: US sales on TikTok Shop are expected to hit $23.4B in 2026, up 48% YoY  —  Brands issue warnings as more creators use avatars and duplicates of themselves to boost affiliate sales
Discussion: The Independent and PR Daily
Sarah Perez / TechCrunch:
Apple publishes a policy for upcoming Maps ads, says home services ads are banned, medical services ads will be “evaluated on a case-by-case basis”, and more  —  Apple has quietly published a rulebook for its new Maps ads, revealing a more curated approach than advertising giant Google.
Jessica Davies / Digiday:
Ozone: publisher ad supply in Q2 fell by 32% to 37% YoY in the US and 39% to 41% YoY in the UK, driven by AI-era zero-click search and reduced referral traffic  —  Publisher ad supply fell by up to 40% in Q2 of 2026 as AI era, zero-click search choked the flow of traffic to news and other open-web sites …
Ethan Baron / Mercury News:
California and Google will contribute $20M each over two years to the CA Civic Media Program, far below the $250M promised in 2024, with grants of up to $250K  —  Critic says the funding ‘goes backwards’ for local news  —  Months after Gov. Gavin Newsom stripped state funding from a much larger plan …
Bauer Media:
Bauer Media appoints Frances Hedges as Editor of Grazia; she was previously Deputy Editor of Harper's Bazaar UK  —  Bauer Media has appointed Frances Hedges as Editor of Grazia.  She joins from Harper's Bazaar UK where she was Deputy Editor since 2019.  —  Frances will lead Grazia's editorial vision …
Reuters:
Sources: Lionsgate has attracted takeover interest from France's Bolloré Group, owner of Canal+, and Banijay, which just completed an $8B merger with All3Media  —  Lionsgate Studios (LION.N), the entertainment company behind the “Hunger Games” and “John Wick” franchises …
 
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 More News: 
Aaron Smith / Pew Research Center:
Survey: 57% of US women and 47% of men ages 18 to 29 say they get health and wellness information from influencers; women say they see such content more often
Discussion: New York Post
David A. Graham / The Atlantic:
Acting AG Todd Blanche has shown he's willing to stifle the free press, through subpoenas of WSJ, NYT, and WaPo reporters and a search of a WaPo reporter's home
The Athletic:
German soccer league Bundesliga is moving its US TV rights from ESPN to Versant's USA Network and Fandango in a deal, sources say, worth $100M over five seasons
Washington Post:
A look at State Affairs, whose statehouse coverage is used to train LLMs powering a Bloomberg Terminal-like product; it's raised $70M and has 76 editorial staff
 Earlier Picks: 
A.J. Katz / The Wrap:
Hachette, Elsevier, Cengage Learning, and author Scott Turow sue Google for allegedly using millions of copyrighted books and articles to build AI models
Steve Dent / Engadget:
Spotify launches Talk to Spotify, letting users create playlists and more via voice, rolling out in beta to Premium users age 18+ in the US, Ireland, and Sweden
 

 
From Techmeme:

Milana Vinn / Reuters:
Sources: Stripe and PE firm Advent have jointly offered $60.50/share to acquire PayPal, a 28% premium to Tuesday's close, valuing it at $53B+; PYPL jumps 15%+

Thinking Machines Lab:
Thinking Machines Lab debuts Inkling, an open-weight MoE model with 975B total and 41B active parameters, trained to be broad rather than optimized for one area

Reuters:
China says Apple Intelligence has been registered for use on iPhones in the country; the service will integrate Alibaba's Qwen and may add Baidu's AI features
 
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