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11:00 PM ET, December 20, 2025

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 Top News: 
Karl Bode / Techdirt:
The TikTok deal is the worst of all possible outcomes, shifting ownership of TikTok to Trump's allies, while maintaining the supposed problematic links to China  —  There were rumblings about this for a while, but it looks like the Trump TikTok deal is done, and it's somehow the worst …
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Financial Times:
Memo: TikTok CEO Shou Zi Chew says ByteDance's US entities will retain direct control over core US revenue drivers, including ecommerce, ads, and marketing  —  Oracle, Silver Lake and MGX to invest in new data security joint venture as part of Trump-brokered deal
Bloomberg:
Sources: ByteDance is on track for ~$50B profit in 2025 after generating a ~$40B net income in the first three quarters, surpassing its internal target for 2025
Paul Glynn / BBC:
HarperCollins UK drops children's author and comedian David Walliams following allegations of inappropriate behavior toward young women  —  Best-selling children's author and comedian David Walliams has been dropped by his publisher HarperCollins UK, the company has said.
Daniel Thomas / Financial Times:
Interview with WPP CEO Cindy Rose, who says AI puts pressure on the ad agency's pricing and WPP has 10K data scientists and software engineers and 12K creatives  —  Advertising group's new CEO plans restructuring and says traditional agency model is from a ‘bygone era’
Discussion: Semafor
Ken Vogel / @kenvogel.bsky.social:
Politico ends its print edition after 19 years, as its early reliance on print ad revenue fades and its audience relies more on digital platforms  —  Politico's print paper was always something of a contradiction for an outlet that set out to prove that political journalism could thrive in the digital world.
Nicholas Henriquez / New Yorker:
The New Yorker has digitized its full archive covering 100 years, including covers and adding upgraded search capabilities; subscribers get unlimited access  —  For the first time, every cover, article, and issue in the magazine's hundred-year history can be enjoyed on newyorker.com.
Blake Brittain / Reuters:
Google sues data scraping company SerpApi for allegedly using hundreds of millions of fake search requests to access copyrighted material from Google products  —  Google on Friday sued a Texas company that “scrapes” data from online search results, alleging it uses hundreds of millions …
Sarah Perez / TechCrunch:
Netflix acquires avatar creation platform Ready Player Me to let its subscribers carry their personas and fandoms across games; the startup raised $72M  —  After shifting its gaming strategy to focus more on games played on the TV, Netflix announced it's acquiring Ready Player Me, an avatar creation platform based in Estonia.
Kirsten Chuba / The Hollywood Reporter:
TikTok's first awards show, held on December 18, handed out 14 awards, including Creator of the Year for Keith Lee; at the event, none of the screens worked  —  The event, which streamed live from the Hollywood Palladium on Thursday, handed out 14 awards and battled problems with its video screens.
Ryan Glasspiegel / Front Office Sports:
Sources: Netflix will pay Barstool a yearly fee “in the eight figures” for its video podcasts; Fanatics has pitched WWE podcasts to Netflix which airs WWE Raw  —  Netflix is paying out meaningful sums of money in its ongoing push to entice creators to migrate the video forms …
 
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Wall Street Journal:
Sources: Axel Springer has considered buying about a dozen media businesses in the US, including TED Conferences, TechCrunch, the 1440 newsletter, and more
 Earlier Picks: 
Todd Spangler / Variety:
Sony Pictures Entertainment and Sony Music Entertainment (Japan) agree to buy WildBrain's 41% stake in Peanuts Holdings for ~$457M, raising Sony's stake to 80%
Alex Weprin / The Hollywood Reporter:
CBS News and The Free Press announce Things That Matter, a series of town halls and debates, starting in early 2026, with Sam Altman, J.D. Vance, and others