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Top story Democrats Flip House and Senate in Midterm Landslide; Mike Johnson to Step Down as GOP Leader

Democrats won control of both chambers in Tuesday's midterms, prompting House Speaker Mike Johnson to say he will not seek a minority leadership post and setting Hakeem Jeffries up to become speaker.

full coverage →politicselectionsmedia
Disney Plans Several Thousand Layoffs as Managers Are Asked to Cut Costs by Up to 20%

Disney is preparing broad workforce reductions in a push for roughly 20% cost savings, according to multiple reports.

full coverage →businessmedialayoffs
Wall Street Rallies and Media Stocks Gain After Democrats Complete Midterm Sweep

Major indexes and media shares rose Wednesday morning as investors welcomed Democratic control of Congress, while Tesla and Trump Media moved in premarket trading.

full coverage →businessmarketselections
Snap Settles Social Media Addiction Bellwether Case Before Trial

Snap becomes the fourth company to settle claims in the bellwether litigation alleging social media platforms caused depression and eating disorders in teens.

full coverage →legalsocial mediatech
New York Times Adds 420,000 Digital Subscribers in Q3, Stays on Track for 15 Million Goal

The Times now has 13.76 million total subscribers and beat Wall Street expectations, though CEO Meredith Kopit Levien fielded questions about AI risks to the subscription business.

full coverage →publishingbusinesssubscriptions
Fox News Hosts and Media Figures Spar Over Blame for GOP Midterm Collapse

Fox & Friends hosts called on Republicans to self-reflect after the blue wave, while Bret Baier pushed back on Trump during a live call-in and a Fox guest accused a host of antisemitism.

full coverage →mediatvpolitics
UK Culture Secretary Issues Public Interest Intervention Notice on Sky's $2.1 Billion ITV Takeover

Lisa Nandy said public interest considerations warrant further investigation into Sky's bid for ITV.

full coverage →businessdealsuk
Elon Musk, Top GOP Donor of 2026 Cycle, Shrugs Off Midterm Blowout

Musk, the largest individual political donor of the cycle, reacted with jokes after Republicans lost both chambers, as SpaceX and Tesla shares fell in premarket trading.

full coverage →politicsbusinessmedia
Anthropic, OpenAI, Google and Microsoft to Support Common Robots.txt Signal for AI Scraping Opt-Out

The companies said they will back a shared opt-out mechanism, easing the burden on publishers who currently must block each AI crawler individually.

full coverage →aipublishingplatforms
Jimmy Kimmel Tells Trump Exactly How the Blue Tsunami Took Shape: ‘His Priorities Are Insane’

Jimmy Kimmel, Joe Scarborough and CNN analysts celebrated the Democratic victories, with Kimmel mocking Trump and Scarborough pointing to immigration policy as the GOP's undoing.

full coverage →mediatvpolitics
Tinto Brass, Italian Director of 'Caligula,' Dies at 93

Brass, whose filmmaking spanned many genres but became associated with 1970s erotic films, died in Rome; he was 93.

full coverage →filmobituaryitaly
News Media Association Chief Says Meta Is 'Holding Publishers Over a Barrel' on New Terms

The NMA CEO urged the UK government to back regulators on Meta's revised terms, as publishers complain they cannot quit Facebook despite the changes.

full coverage →publishingplatformsmeta
DoorDash's $17 Billion Instacart Acquisition Raises Advertiser Questions on Costs, Data and Measurement

The deal points to growing pressure on delivery platforms to diversify, while brands want clarity on how combining the services affects advertising.

full coverage →businessdealsadvertising
Publicis Completes LiveRamp Acquisition, Forcing Marketer Decisions

Advertisers must weigh whether to stick with the data platform now that Publicis owns it.

full coverage →advertisingadtechdeals
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