Received this email from a friend? Sign up here.

TGIF! Stephen Colbert, merger casualty? Rupert Murdoch, journalistic champion? David Rhodes, CBS News savior? Here's our attempt to make sense of all the major media stories that are unfolding right now. Plus, the latest on PBS, NPR, Jesse Watters, Dave Portnoy, Netflix, "Smurfs," and much more...