The Federal Trade Commission has entered into a legal settlement with Media Matters that would end its investigation into the a progressive media watchdog according to a press release from Media Matters, Huffington Post reports. The settlement ending the months-long legal battle was signed on Monday.

James Murdoch, the youngest so of Rupert Murdoch, is in talks to buy Vox Media’s New York magazine and the Vox podcast division, according to sources familiar with the talks, The Wall Street Journal reports. But the purchase by Murdoch’s Lupa Systems, an investment company, is not yet final. Rupert Murdoch owned New York magazine from the late 1970 to 1991. In 2019, it was acquired by Vox for $105 million.

Rhode Island’s Ocean State Media has launched a more powerful signal at 103.7 WVEI-FM, facilitating consistent statewide coverage, Inside Radio reports. The statewide frequency is designed to replace a patchwork of signals the organization has historically used to reach listeners throughout the state.

Wikipedia’s founder, Jimmy Wales, calls Australia’s social media ban an “unmitigated disaster” that is teaching kids to accept surveillance from tech companies, the Guardian reports. Wales, who founded Wikipedia, in 2001, says many ills of social media existed even in the early stages of the internet.“Before social media, before Wikipedia, there was Usenet, which was like a giant, unmoderated message board,” he said. “It was unbelievably toxic: flame wars constantly and personal attacks and just general horribleness.

Commerce media is expanding and moving toward greater convergence, Beet TV reports from the IAB Connected Commerce Summit. Michael Foulkes, head of customer success, retail media, at Pacvue, said that in the old model, brands  treated social media as brand advertising and turned to retail media for conversion. “The next phase of shopper media that we’re seeing is that there’s a real convergence of social and commerce,” he said.

The Amazon Simple Email Service (SES) is being used to send phishing emails that can bypass standard security filters and render reputation-based blocks ineffective, Bleeping Computer reports. Kaspersky researchers say in a report that there has been “an uptick in phishing attacks leveraging Amazon SES” to deliver links that redirect to a malicious site.The spike in this abuse may be due to a large number of AWS Identity and Access Management access keys exposed in public assets.

Pope Leo paid tribute to journalists who have died reporting from combat zones while marking World Press Freedom Day on Sunday, Reuters reports. "Today we celebrate World Press Freedom Day ... unfortunately, this right is often violated, sometimes in blatant ways, sometimes in more hidden forms," the Pontiff said, speaking at Saint Peter’s Square. 

Gray Media has completed the acquisition of 11 local television stations owned by Allen Media Group at a cost of $171 million, TheDesk.net reports. Included are three TV stations that were approved by the Federal Communications in March and another seven that were more recently approved.

Roku posted total Q1 revenue of $1.248 billion -- an increase of 22% YoY -- and net income of $85.7 million, compared to a net loss of $27.4 million in Q1 2025, Yahoo Finance reports. Breaking out advertising and subscription numbers for the first time, the company also reported that advertising revenue grew 27% to $613 million, with gross margin of 60.5%, and that subscription revenue grew by 30% to $519 million. In addition, Q1 was the company’s highest quarter to date for premium subscription sign-ups.

The BBC news operation will cut up to 2,000 jobs as the BBC seeks to reduce costs by 15%, compared to the 10% announced last month, The Guardian reports. The BBC had announced  a £600 million cost-cutting plan, but it is now clear that the news division may experience deeper cuts than expected. This occurs as former Google executive Matt Brittin becomes BBC’s director general on May 18.