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7:50 PM ET, October 21, 2025

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 Top News: 
CNBC:
WBD says it is open to a sale after receiving “unsolicited interest” from multiple parties; sources: the parties include Netflix and Comcast; WBD closes up 11%  —  Warner Bros. Discovery said Tuesday it's expanding its strategic review of the business and is open to a sale …
RELATED:
Charles Gasparino / New York Post:   Sources: WBD has rejected a $24-per-share takeover bid from Paramount Skydance, and people inside WBD expect a fourth bid from David Ellison imminently
Peter Kafka / Business Insider:
WBD's “unsolicited interest” statement indicates that it is willing to sell its valuable studio and streaming business instead of splitting itself into two
Sarah Whitten / CNBC:
Netflix reports Q3 revenue up 17% YoY to $11.51B, matching est., operating margin below est. due to Brazilian tax dispute expense; NFLX drops 5%+ after hours  —  Shares of Netflix fell as much as 7% after the company posted a third-quarter earnings miss after the closing bell Tuesday.
RELATED:
Alex Weprin / The Hollywood Reporter:
Netflix says it is on track to more than double its advertising revenue in 2025 and is currently using AI to test new ad formats  —  The streaming giant reported its Q3 earnings Tuesday.
Todd Spangler / Variety:
HBO Max raises prices across all plans: Basic With Ads increases by $1/month to $10.99, Standard by $1.50/month to $18.49, and Premium by $2/month to $22.99  —  It's going to cost you more to watch HBO Max, after the streaming platform raised its prices just a year after its last hikes.
Tony Maglio / The Hollywood Reporter:
Study: a “drip” season release strategy leads to a 48% greater short-term retention of subscriptions vs. binge drops  —  “Drip” releases have the serious drip.  —  Maybe don't copycat Netflix so much, other streamers.  —  These days, 89 percent of U.S. households subscribe …
Discussion: /Film and The Streamable
Ethan Shanfeld / Variety:
Channel 4 reveals that the anchor who narrates and appears throughout a special titled “Will AI Take My Job?” was AI-generated, a first for British television  —  A news special on Britain's Channel 4 titled “Will AI Take My Job?” investigated how automation is reshaping the workplace and pitting humans against machines.
Joe Flint / Wall Street Journal:
Source: Charter is laying off 1,200 employees, or just over 1% of its 95,000-person workforce, primarily in corporate and back-office functions  —  Cuts in corporate and back-office roles total more than 1% of workforce  —  Cable and broadband giant Charter Communications is laying off 1,200 employees …
Zach Metzger / Local News Initiative:
State of Local News Report: 40% of local US papers have vanished since 2005, 213 counties have no local outlets, and 200+ papers changed owners in the past year  —  The 2025 Report  —  EXECUTIVE SUMMARY  —  Our first State of Local News report, published in 2016, examined …
Caitlin Huston / The Hollywood Reporter:
Tubi joins Roku in striking partnerships with top creators like MrBeast and Jomboy Media to repackage their content on FAST channels  —  Tubi and Roku are increasingly picking up creators' already shot videos to repackage them on FAST channels.  —  Creators are taking over yet another screen.
Alex Weprin / The Hollywood Reporter:
Sports-centric media company Meadowlark Media names COO Bimal Kapadia as its new CEO, succeeding co-founder John Skipper, who announced his exit in May  —  Kapadia succeeds John Skipper, who exited the company earlier this year.  —  Meadowlark Media has found its next CEO …
 
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 More News: 
Lauren Forristal / TechCrunch:
YouTube launches its likeness detection tech, letting eligible creators in its Partner Program request the removal of AI-generated content with their likeness
Rose Henderson / Bloomberg:
OnlyFans CEO Keily Blair says the platform has paid out $25B to creators since its founding in 2016; OnlyFans takes a 20% fee on subscriptions and content sales
 Earlier Picks: 
Dave Brooks / Billboard:
In a letter to two US lawmakers, Ticketmaster says it will ban users from operating multiple accounts and shut down its TradeDesk platform after an FTC lawsuit
Oliver Darcy / Status:
Docs: Golden Globes owner Penske Media is selling $75K marketing packages to podcasters to promote their shows to Globes voters for its first podcasting award
Ken Bensinger / New York Times:
Andrew Thornebrooke, an Epoch Times national security reporter, resigns over its decision to sign the Pentagon's new policy and label antifa as a terrorist org
Isabella Simonetti / Wall Street Journal:
Antenna: Disney+ customer cancellation rates doubled from 4% in August to 8% in September after Jimmy Kimmel's suspension, and Hulu's doubled from 5% to 10%
 

 
From Techmeme:

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

A.J. Vicens / Reuters:
US and Canadian authorities warn that Chinese hackers are using the Brickstorm malware to install backdoor access within unnamed government and IT entities

Casey Newton / Platformer:
A look back at five years of Meta's Oversight Board, whose rulings on the relatively small number of cases it hears have generally had limited impact
 
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