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11:40 AM ET, July 21, 2025

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 Top News: 
Dan Mangan / CNBC:
Trump files a $10B defamation suit against Rupert Murdoch, Dow Jones, and others after WSJ wrote an article saying Trump sent Jeffrey Epstein a “bawdy” letter  —  President Donald Trump on Friday followed through on his threat to sue media mogul Rupert Murdoch …
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Wall Street Journal:
Dow Jones responds to Trump lawsuit, saying “we have full confidence in the rigor and accuracy of our reporting, and will vigorously defend against any lawsuit”
Jonathan Stempel / Reuters:
A US federal judge dismisses Trump's ~$50M 2023 lawsuit against Bob Woodward for publishing tapes from interviews for his 2020 book Rage as an audiobook
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Joseph Bernstein / New York Times:
A look at the video podcasting surge; a study shows ~75% of podcast consumers play video episodes and ~30% play video episodes minimized or in background mode  —  An audio-only medium spawned a giant industry that is now largely focused on video.  —  The following are the runtimes …
Jessica Testa / New York Times:
A profile of Brett Cooper, a conservative YouTuber who uses celebrity news to argue against feminism and abortion rights, as she becomes a Fox News contributor  —  The YouTuber set out to reach young conservatives who felt alienated by mainstream culture.  Now she is the newest face at Fox News, though dreaming of her own Goop.
Adam Minter / Bloomberg:
F1, whose US viewership on ESPN grew to 1.3M in 2025, risks losing casual viewers by moving to Apple TV+ but may attract younger, affluent fans in the long term  —  Formula One might lose viewers if it leaves ESPN for the tech company, but moving is more likely to deliver long-term gains.
Sean Burch / The Wrap:NEW!
WaPo opinion columnist Jonathan Capehart takes a buyout, weeks after Will Lewis called on writers who do not “feel aligned” with WaPo's “reinvention” to resign  —  The veteran opinion writer is leaving the paper after CEO Will Lewis said those who do not “feel aligned” …
Discussion: @sarafischer
Stuart A. Thompson / New York Times:
A look at the Dor Brothers, a video production studio that has gained over 100M views across platforms by creating viral subversive videos using only AI tools  —  President Trump leans forward in a limousine, takes a long puff from a cigarette and flashes a wide grin.
Peter White / Deadline:
The WGA says The Late Show's cancellation is a “bribe” as Paramount seeks merger approval and calls for NY State AG Letitia James to launch an investigation  —  The Writers Guild of America has slammed Paramount's decision to cancel The Late Show with Stephen Colbert.
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Matthew Belloni / Puck:
Canceling The Late Show With Stephen Colbert makes sense from a business perspective as the show costs $100M+ per year to produce while losing $40M+ per year
Alan Sepinwall / Rolling Stone:
The Late Show's cancellation is both a quid pro quo to get FCC approval for the Skydance merger and the beginning of the end for the late night format
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 More News: 
Ben Fritz / Wall Street Journal:
How YouTube became the most-watched video provider on TVs in the US, with creator content tailored for family and group viewing and app features enhanced for TV
Andreas Wiseman / Deadline:
X sets its first UK Original, a docuseries about Premier League club Burnley's 2025/26 season, featuring 20 episodes of 10-12 minutes each released fortnightly
 Earlier Picks: 
Ted Johnson / Deadline:
Filing: Skydance CEO David Ellison and FCC Chair Brendan Carr met on July 15 to discuss the Paramount merger and “Skydance's commitment to unbiased journalism”
Zac Bowden / Windows Central:
Microsoft shuts down the Movies & TV storefront on the Microsoft Store on Windows and Xbox; users will continue to be able to access their past purchases
Jim Rutenberg / New York Times:
A look at GOP efforts to cut NPR and PBS funding, dating back to Nixon; the cuts succeeded now due to Trump's grip on the GOP and the increase in media sources