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.
Meta Reaches Undisclosed Settlement with Investors Over Cambridge Analytica Scandal
Meta Platforms Inc. and CEO Mark Zuckerberg reached a confidential settlement with investors who accused company leaders of mishandling the fallout from the Cambridge Analytica data scandal. The class action suit, filed in Delaware’s Court of Chancery, claimed Meta failed to disclose risks related to user data misuse, violating a 2012 FTC consent order. Investors sought over $8 billion in damages, tied to Meta’s $5.1 billion FTC fine and other legal expenses. The deal was announced on the second day of trial; no financial terms were disclosed. Key figures named in the suit included Zuckerberg, Sheryl Sandberg, Marc Andreessen, and Peter Thiel. Read More (Associated Press Rating)
CBS to End ‘The Late Show With Stephen Colbert’ in 2026
CBS has announced it will retire The Late Show with Stephen Colbert in May 2026, citing financial reasons unrelated to performance or content. Colbert, who took over from David Letterman in 2015, addressed the audience with gratitude during a taping at the Ed Sullivan Theater, stating he will remain for one final season. CBS called Colbert “irreplaceable” and plans to honor the show’s legacy over the next 10 months. The decision marks the end of The Late Show franchise, which began its second iteration in 1993. Read More (Washington Examiner Rating)
Trump Threatens to Sue Wall Street Journal Over Epstein-Linked Letter Story
President Donald Trump threatened legal action against the Wall Street Journal over a report linking his name to a “bawdy” birthday letter allegedly given to Jeffrey Epstein. Trump denied the letter’s authenticity, claiming WSJ lacked the physical document and ignored warnings from his legal team. The article described the letter as part of a 2003 album curated by Ghislaine Maxwell. Trump’s allies, including Karoline Leavitt and JD Vance, also disputed the story’s credibility. Trump has since directed Attorney General Pam Bondi to release relevant grand jury testimony from the Epstein case, pending court approval. Read More (Axios Rating)
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