I'm the BBC's media correspondent and this is my brief selection of what's going on.
The Department of Culture, Media and Sport is making £73m of spending cuts, including the National Film Centre at the South Bank and the Stonehenge Visitor Centre, reports the Independent and BBC.
The Wizarding World of Harry Potter theme park opens today in Orlando, Florida. The Telegraph's Tom Leonard has tried it out, as has the BBC's Madeleine Morris who sampled Harry Ptter and friends' drink of choice - butterbeer.
Disney's "promoted tweet" for Toy Story 3 is the first-paid-for trending topic on Twitter, says the Telegraph.
Paid Content reports that UK newspapers have suffered the most dramatic sales falls of any country outside America, according to the Organisation for Economic Cooperation and Development.
The BBC's newspaper review says that the public spending cuts announced to the Commons by Danny Alexander are the focus of many the front pages, along with BP boss Tony Hayward's appearance in front of a US Congressional committee.