Media News Daily: Top Stories for 11/13/2026

Trump Media Swings to $410 Million Quarterly Profit

Trump Media & Technology Group reported a third-quarter profit of about $409.7 million, reversing a $54.8 million loss during the same period last year. Revenue rose to $3 million from $1 million, with roughly $1.8 million coming from media subscriptions including Truth+ and the Truth API service. The profit was driven largely by a $496.1 million gain on digital assets and equity securities rather than operating revenue. The results come ahead of Trump Media’s planned $6 billion merger with fusion-energy company TAE Technologies, expected to close during the fourth quarter. (Read More) (Wall Street Journal Rating)

Grok Faces Lawsuits Over AI-Generated Explicit Images

Elon Musk’s xAI is facing multiple lawsuits involving allegations that its Grok chatbot was used to generate sexually explicit or nude images from photographs of people taken when they were children. Plaintiffs in Wisconsin, Tennessee, and California are challenging xAI’s responsibility for material generated through its platform, while the company maintains that users, rather than xAI, are responsible for prohibited outputs. The cases could help define the legal responsibilities of AI companies when their image-generation tools are used to create nonconsensual explicit material. (Read More) (Social Media Today Rating)

Scott Pelley Says CBS Has Lost Credibility

Former “60 Minutes” correspondent Scott Pelley says CBS News has lost credibility because, in his view, editorial authority shifted away from journalists and toward corporate executives and ideological leadership. Pelley, who was fired from CBS in June after publicly challenging newsroom leadership, told Poynter that the issue was not whether political bias favored the left or right but whether journalists retained editorial independence. He also warned CNN journalists to watch for pressure from ownership following the Skydance-Warner merger. CBS leadership has previously disputed claims that its editorial decisions are driven by political interference. (Read More) (Poynter Rating)