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7:00 AM ET, October 13, 2025

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 Top News: 
Bloomberg:
Sources: WBD has rejected Paramount's ~$20 per share takeover bid for being too low; WBD shares closed at $17.10 on October 10, giving WBD a $42.3B market cap  —  Warner Bros Discovery Inc. has rebuffed Paramount Skydance Corp.'s initial takeover approach for being too low, according to people familiar with the matter.
RELATED:
Wall Street Journal:
Paramount acquiring WBD would require it to take on WBD's massive ~$35B debt load; Paramount has a market cap of around $19B, while WBD's is above $40B  —  David Ellison's company could take plan to create a sprawling media conglomerate directly to shareholders  —  A battle for the future of Warner Bros. Discovery is brewing.
Discussion: The Wrap
Steve Rose / The Guardian:
An interview with Ben Meiselas, who runs the left-leaning US media company MeidasTouch with his brothers Jordan and Brett, on Trump, right-wing media, and more  —  His channel, MeidasTouch, puts out 15 videos a day exposing Republican failings - and it is getting bigger audiences than Joe Rogan's.
Neel Dhanesha / Nieman Lab:
A look at Re:Public, a new nonprofit outlet focusing on US public lands and aiming for 10 to 12 stories per year, founded by ex-Outside Magazine EIC Chris Keyes  —  The new publication, from former Outside Magazine EIC Chris Keyes, will focus on longform stories about the 660 million acres of public lands and waters in the U.S.
Sohee Kim / Bloomberg:
A look at visual-effects studio Mofac, which is part of a wider rush in South Korea's film industry to integrate AI as it struggles with weak box office returns  —  When the pandemic shuttered studios and froze productions in 2020, many filmmakers saw their dreams collapse.
Discussion: The Korea Herald
New York Times:
How right-wing influencers, like Benny Johnson and Nick Sortor, are supplying the Trump administration's narrative around National Guard deployment in Portland  —  President Trump and his administration are amplifying the voices of pro-White House podcasters and streamers eager to ratify …
Derek Thompson:
How modern media consumption is converging toward a continuous flow of episodic video, across streaming providers, podcasts, and social media apps  —  A theory of culture and attention  —  A spooky convergence is happening in media.  Everything that is not already television is turning into television.
The New York Times Company:
The NYT says its journalists won't sign the Pentagon's revised press pass policy, arguing it threatens to punish them for First Amendment-protected reporting  —  Journalists from The New York Times will not sign the Pentagon's revised press pass policy, which threatens to punish …
RELATED:
Elsa Keslassy / Variety:
Netflix's Ted Sarandos and filmmaker Guillermo del Toro plan to launch a stop-motion studio for training and research, located at the Gobelins school in Paris  —  “Frankenstein” director Guillermo del Toro and Netflix boss Ted Sarandos have unveiled plans for a trailblazing stop-motion studio …
Mike Isaac / New York Times:
How TBPN's daily livestream became the preferred news show of tech insiders, as it taps into the “who's up, who's down” part of Silicon Valley culture  —  Inside a film studio lot in Hollywood on a Tuesday morning in August, Jordi Hays, a 29-year-old entrepreneur, ran into the frame of a live shot, waving a giant red flag.
Mark Savage / BBC:
Sources: Paramount will stop airing five UK MTV channels at the end of 2025 but keep its flagship channel; some other non-US MTV channels are also set to close  —  MTV, the world's first 24-hour music broadcaster, is to stop showing rolling pop videos in the UK after almost 40 years when it closes five channels at the end of the year.
 
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 More News: 
Alejandro Rojas / The Hollywood Reporter:
Parrot Analytics: movies made up ~50% of streaming revenue across Netflix, Prime Video, Disney+, and WBD in 2024, up from ~27% in 2022, based on engagement data
Robert Channick / Chicago Tribune:
A producer for Chicago's WGN-TV was roughly detained by Border Patrol agents Friday morning; WGN said Friday evening she had been released with no charges filed
Kristen Hare / Poynter:
Rick Edmonds, The Poynter Institute's longtime media business analyst, has died at 78 following a car accident
Lauren Forristal / TechCrunch:
Spotify users can now connect their accounts to ChatGPT so it can provide recommendations for tracks, artists, podcasts, and playlists
 Earlier Picks: 
Charlotte Tobitt / Press Gazette:
UK CMA designates Google with “strategic market status” in online search and advertising and will begin consultation on potential new regulations later in 2025
 

 
From Techmeme:

Kurt Wagner / Bloomberg:
Sources: Meta is considering deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January

Kif Leswing / CNBC:
Apple says general counsel Kate Adams and policy chief Lisa Jackson will retire, and Jennifer Newstead, Meta's former chief legal officer, will replace Adams

Will Oremus / Washington Post:
Two studies suggest AI chatbots can shift political views more effectively than TV campaign ads, especially by presenting many claims, regardless of accuracy
 
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