Media News Daily: Top Stories for 05/02/2025

This page hosts daily news stories about the media, social media, and the journalism industry. Get the latest Hirings and Firings, Media Transactions, Controversies, and more.


Trump Signs Executive Order to Cut Federal Funding for NPR and PBS

President Trump signed an executive order Thursday night directing the Corporation for Public Broadcasting (CPB) to cease funding NPR and PBS, labeling them as “biased.” The CPB, which allocates about $535 million in federal funding annually, has already filed a lawsuit against Trump for attempting to dismiss three board members. While NPR and PBS are largely supported by non-government sources, local stations heavily rely on CPB funding. Critics argue the move is politically motivated and threatens local journalism. The order may face legal challenges, as similar efforts to defund media have been blocked in the past. Read MoreAxios Rating


Trump Threatens New York Times Over CBS Lawsuit Coverage

Amid his lawsuit against CBS for alleged “voter interference” during the 2024 campaign, Trump accused the New York Times of similar misconduct, suggesting they could be liable for interfering in legal proceedings. Legal experts widely view the CBS lawsuit as baseless, and the Times dismissed Trump’s latest threat as an attack on press freedom. First Amendment scholars emphasized that criticism of public figures is constitutionally protected, even when politically inconvenient. The situation highlights Trump’s ongoing pattern of litigation against news outlets he perceives as hostile. Read MoreAxios Rating


Trump Media Moves Incorporation from Delaware to Florida

Trump Media and Technology Group, the parent company of Truth Social, has formally relocated its incorporation to Florida following a shareholder vote. CEO Devin Nunes cited Florida’s “pro-business orientation” as a key reason. The move follows a trend among companies—most notably those led by Elon Musk—fleeing Delaware after legal disputes. Florida now joins Texas and Nevada as top alternatives for corporations distancing themselves from Delaware’s corporate laws. Delaware lawmakers recently passed reforms aimed at retaining businesses amid the exodus. Read More  – The Hill Rating


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