WGA members “overwhelmingly” ratify a new three-year deal with CBS News that includes AI protections and is modeled after a recent ABC News contract

On April 4, 2025, major media companies experienced significant stock declines, with Warner Bros. Discovery dropping 11.9%, Roku 8.3%, Apple 7.3%, Netflix 6.7%, Disney 6%, and Amazon 4.2%. This marked the second consecutive day of sharp losses in U.S. stock markets, despite the U.S. president's assertion that his policies would remain unchanged. In other news, the EU is reportedly preparing to penalize X for violating the Digital Services Act (DSA), with potential fines exceeding $1 billion and demands for product changes.

Additionally, MTV's Video Music Awards will be broadcast on CBS for the first time, with a simulcast on MTV and streaming on Paramount+ on September 7. Meanwhile, YouTube has quietly removed "gender identity" from its hate speech policy following President Trump's inauguration, although Google claims that the enforcement of the policy remains unchanged. These developments have sparked discussions across various media platforms and social networks.

Key takeaways

Stock declines for major media companies on Friday included WBD, Roku, Apple, Netflix, Disney, and Amazon.
The EU is preparing to penalize X this summer for breaking the DSA, with potential fines exceeding $1 billion.
MTV's Video Music Awards will be broadcast on CBS for the first time and will also stream on Paramount+.
YouTube removed “gender identity” from its hate speech policy after President Trump took office, though Google claims enforcement hasn't changed.

WGA members “overwhelmingly” ratify a new three-year deal with CBS News that includes AI protections and is modeled after a recent ABC News contract

Key takeaways

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