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11:40 AM ET, July 17, 2026

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 Top News: 
Ariel Zilber / New York Post:
Madison Square Garden files a defamation suit against Wired over an article alleging MSG kept a list of gay celebrities; Wired says it stands by its reporting  —  Wired Magazine used stolen data to falsely accuse Madison Square Garden of creepily surveilling a “list” of gay celeb fans …
Ted Johnson / Deadline:
President Trump says ABC and NBC should have their licenses revoked for not carrying his speech, alleging they are part of a “plot” to continue election “fraud”  —  Donald Trump lashed out at ABC and NBC, the two networks that chose not to carry his speech live …
Lillian Rizzo / CNBC:
Netflix reports Q2 revenue up 13% YoY to $12.56B, vs. $12.59B est., and says it will give fewer engagement updates starting in 2027; NFLX drops 7%+ after hours  —  Netflix reported second-quarter revenue and earnings that were in line with analyst estimates on Thursday as Wall Street is keeping …
RELATED:
Emma Roth / The Verge:
Netflix says ~300 titles on its app used generative AI in 2026, mostly in post-production, “to deliver higher quality output more quickly and at a lower cost”  —  Some titles used AI to create ‘enhanced crowds, historical battle sequences, and worldbuilding establishing shots.’
Gene Maddaus / Variety:
In a filing disputing state AGs' request for a temporary restraining order, Paramount argued its merger with WBD would increase theatrical motion picture output  —  Paramount Skydance began to lay out its legal argument Thursday against an antitrust lawsuit brought by a dozen states …
RELATED:
Todd Spangler / Variety:
A Paramount shareholder lawsuit claims David and Larry Ellison made an illegal deal with Trump in trade for approval of the WBD merger, promising to revamp CNN
Connor Stringer / Telegraph:
Court docs: Trump drops part of his BBC lawsuit, dismissing claims against its commercial and production arms but continuing the lawsuit against the broadcaster  —  President dismisses claims against broadcaster's commercial and production arms  —  Donald Trump has dropped part of his lawsuit against the BBC.
Mark Stenberg / Adweek:
Newsweek's publishing revenue is set to drop ~20% this year but it's on track for $100M in revenue due to its healthcare-focused DSP contributing 40% of revenue  —  The publisher is on pace to surpass $100 million in revenue, powered by ad-tech, a rankings business, and events
Borys Kit / The Hollywood Reporter:
Marvel Comics is moving from NYC to Burbank, CA, asks 100+ employees to relocate by July 2027, and names Stephen Wacker editor-in-chief, replacing C.B. Cebulski  —  The Disney-owned publisher is also getting a new editor in chief as 100 employees are being asked to relocate to Burbank by next July.
Foo Yun Chee / Reuters:
The EU accepts X's plan to meet DSA transparency obligations and give researchers access to data, giving X six months to implement it, following a €120M fine  —  The European Union, which fined Elon Musk's social media network X €120 million ($137.2 million) last year …
 
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 More News: 
Tim Ingham / Music Business Worldwide:
Sony Music Publishing completes its acquisition of the full music rights portfolio of Recognition Music Group, backed by Singapore's sovereign wealth fund GIC
Discussion: Billboard
Kashmir Hill / New York Times:
An NYT reporter finds AI-generated, unauthorized biographies of herself and other journalists on Amazon, where AI-made books with elusive “authors” proliferate
Ivan Mehta / TechCrunch:
Beehiiv launches Community, which lets subscribers chat with each other, adds an AI tool that helps creators manage their audiences, and adds programmatic ads
Andy Beckett / The Guardian:
How Paul Dacre broke new ground to sell readers an angry perspective at the Daily Mail and helped radicalize the UK's rightwing press, now run by his disciples
 Earlier Picks: 
Brian Steinberg / Variety:
Oliver Darcy's Status media newsletter is moving into live events with the Status Summit, planned for September 9 to discuss the forces shaping media
Gary Baum / The Hollywood Reporter:
Peter Thiel-backed Objection, initially an AI “tribunal” assessing reporters' articles, rebrands as The Primary to rank journalists “on the rigor” of their work
Sara Fischer / Axios:
Trump Media plans to launch the Truth API on August 1, providing real-time data from trending Truth Social accounts to news organizations and trading firms
Ashley Wong / Wall Street Journal:
How Prime Video has cornered the market on young adult fiction, notching hit after hit by tapping into the fervent BookTok community and catering to women
Alex Weprin / The Hollywood Reporter:
Versant plans to overhaul its free streaming service, dropping the “Fandango At Home” branding in favor of a streamlined “Fandango” name and adding new features
 

 
From Techmeme:

Transformer:
Kimi K3 hype shouldn't alarm the US about “losing the AI race” to China; K3 is a good model but not frontier-level and likely lacks dangerous cyber capabilities

New York Times:
Sources: Meta is in talks to rent computing power from its data centers to Anthropic in a deal that could be worth ~$10B over two years

Reuters:
At the World AI Conference, Xi Jinping touts open-source AI, pledges to help the Global South build AI capabilities, and calls unequal AI access an “injustice”
 
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