21st Century Fox is reportedly in talks with investment firm Blackstone Group, to buy Tribune Media ahead of this week's bidding deadline, according to The New York Times.

Tribune Media, which owns 42 stations nationwide, and the most Fox affiliates of any station conglomerate, was cleared for sale after the FCC voted last week to reduce the limits on broadcast ownerships.

Why it matters: Reports surfaced last week that conservative-leaning Sinclair Broadcasting Group, which owns over 173 stations nationwide, was gunning to snatch up Tribune, which would extend its reach to TV markets in New York, Chicago, and Miami.

Between the lines: With all of the drama occurring around the future of 21st Century Fox, it makes sense that the Murdochs would want to diversify its revenue stream and invest in TV businesses with steady cashflows. The family is currently awaiting regulatory approval for the acquisition of Sky TV in the UK.

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Drive-in movie theaters are making a comeback

Illustration: Annelise Capossela/Axios

Drive-in movie theaters, the symbol of a bygone era before cellphones and constant distraction, are suddenly reemerging as a popular form of entertainment during the coronavirus crisis.

Why it matters: Indoor movie theaters are closed, but people still crave entertainment and a chance to get out of their houses. Watching a movie from the safety of a car is the next best thing.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7:30 a.m. ET: 11,093,182 — Total deaths: 525,491 — Total recoveries — 5,890,052Map.
  2. U.S.: Total confirmed cases as of 7:30 a.m. ET: 2,795,163 — Total deaths: 129,437 — Total recoveries: 790,404 — Total tested: 34,213,497Map.
  3. States: ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: The states where face coverings are mandatory Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  5. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.

Kimberly Guilfoyle tests positive for coronavirus

Photo: Mandel Ngan/AFP/Getty Images

Kimberly Guilfoyle, Donald Trump Jr.'s partner and a top fundraising official for the Trump campaign, tested positive for the coronavirus on Friday, The New York Times reports.

Why it matters: Guilfoyle is the third person in President Trump’s circle known to have contracted the coronavirus. Vice President Mike Pence's press secretary tested positive, as did a personal valet who served Trump food.