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4:50 PM ET, July 22, 2026

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 Top News: 
Alexandra Bruell / Wall Street Journal:
Sources: Reddit, Politico, and others mull cutting Google's access to their content for AI as traffic drops; Reddit signed a $60M/year deal with Google in 2024  —  Reddit, Politico and others are weighing how—or even if—they can work with the tech company as AI tools supplant traditional searches
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Charlotte Tobitt / Press Gazette:
How major publishers in the UK are pivoting away from quantity of content towards quality as Google AI changes lead to falling traffic referrals  —  Hearst UK is publishing less articles but “more effective” content overall by asking journalists to explain why they are producing every piece.
Samuel Stolton / Bloomberg:
The European Commission grants conditional approval for Paramount's WBD acquisition as long as Paramount ends its EU distribution deal with Universal Pictures  —  Paramount Skydance Corp.'s $110 billion takeover of Warner Bros. Discovery Inc. won conditional approval from the European Union …
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Variety:
WGA seeks an injunction to bar Paramount and WBD from “closing or consummating” their merger or “taking any steps to integrate or consolidate their operations”  —  Union's legal move comes after 12 state attorneys general won a temporary restraining order pausing megadeal
Todd Spangler / Variety:
Alphabet reports YouTube's Q2 ad revenue rose 13% YoY to $11.06B, vs. $10.8B est., and Google's ad revenue reached $81.63B, up from $71.34B in Q2 2025  —  Video giant YouTube, one of the world's biggest entertainment businesses, continues to turn in double-digit increases in ad revenue.
Todd Spangler / Variety:
FCC Chairman Brendan Carr says ABC's decision to not carry Trump's July 16 speech about elections live will be part of its review for ABC-owned station licenses  —  Are TV broadcasters obligated to carry the U.S. president's comments live on their government-licensed airwaves?
Josh Gerstein / Politico:
A US judge rules that Trump must turn over detailed financial information of 400+ companies owned by a family trust in his defamation suit against the BBC  —  MIAMI, Florida- A federal magistrate judge ruled Tuesday that President Donald Trump must turn over detailed financial information …
State of California:
California's Rob Bonta and a 13-state group challenge the appointment of current and recent Nexstar personnel to Tegna's board, after a preliminary injunction  —  - Attorney General Bonta to Court: Nexstar/Tegna Violating Co...  Contact: (916) 210-6000, agpressoffice@doj.ca.gov
Charlotte Tobitt / Press Gazette:
Reach reports H1 revenue down 9% YoY to £232.9M, pre-tax profit down 5% to £40.3M, and says it will move “away from volume” to focus on original content  —  Reach is “moving away from volume” in its editorial output to focus on original content as financial results …
Mark Landler / New York Times:
France becomes the first European country to pass a law banning social media access for users under 15, which could go into effect as soon as September 1  —  Its new law, the first of its kind enacted by a European country, will ban access to some accounts for anyone under 15.
Dan Shanoff / The Athletic:
Nielsen: the 2026 World Cup final drew 38.9M viewers on Fox and 22M+ on Telemundo; taken together, the US audience size rivaled that of NFL playoff games  —  After a summer of World Cup TV records in the U.S. being reset over and over, the biggest game delivered one final new standard for soccer viewership:
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 More News: 
Oliver Darcy / Status:
Source: Clarissa Ward signed just a one-year CNN extension, not a long-term contract, amid friction with executives and concerns over Bari Weiss taking control
Anushka Chourasia / Reuters:
UK publisher Bloomsbury says it is among the beneficiaries of the $1.5B Anthropic settlement; 14,087 of its titles are covered, with ~$3K in compensation each
Joe Reedy / Associated Press:
NHL Productions plans to produce and distribute game telecasts for four teams when the season begins, since Main Street Sports shut down; more clubs might join
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From Techmeme:

Director Michael Kratsios / @mkratsios47:
White House OSTP Director Michael Kratsios says “we have information that Moonshot AI distilled Anthropic's Fable for the development of its K3 model”

Alphabet:
Alphabet reports Q2 revenue up 24% YoY to $119.8B, above $116.9B est., Google Cloud revenue up 82% YoY to $24.8B, and Services revenues up 15% to $94.5B

Andrew Romero / 9to5Google:
Samsung unveils the $2,100+ Galaxy Z Fold 8 Ultra, featuring its “most advanced foldable design”, a Flex Titanium display, a 5,000mAH battery, and Android 17
 
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