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5:40 AM ET, October 23, 2025

Mediagazer

 Top News: 
Lucas Shaw / Bloomberg:
Source: WBD plans to require potential bidders to sign NDAs before it shares sensitive financial data; sources say Amazon and Apple have shown an interest  —  Warner Bros. Discovery Inc. expects to begin asking would-be bidders for the film and TV giant to sign nondisclosure agreements as early this week …
RELATED:
New York Times:
In a letter, David Ellison told the WBD board that Paramount was WBD's only viable suitor, as offers from bigger companies would invite regulatory scrutiny  —  A letter from Paramount's chief executive, David Ellison, to Warner Bros.' board of directors reveals weeks of talks between the two companies.
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
Mike Isaac / New York Times:
Reddit files a lawsuit against Perplexity and three data scraping companies, accusing them of illegally stealing its data by scraping Google search results  —  In a lawsuit, Reddit pulled back the curtain on an ecosystem of start-ups that scrape Google's search results and resell the information to data-hungry A.I. companies.
Washington Post:
The Pentagon unveils a “new media” press corps, largely from right-wing outlets like Gateway Pundit, with 60+ people signing its new restrictive press policy  —  A new crop of conservative media and influencers — including the Gateway Pundit, the Post Millennial …
Josh Russell / Courthouse News Service:
Michael Wolff sues Melania Trump in a NY court to try to stop her from suing him over his claims about Melania and Donald Trump's ties to Jeffrey Epstein  —  The “Fire and Fury” author says he looks forward to subpoenaing President Donald Trump and First Lady Melania Trump as part of discovery in his civil defamation suit.
Charles Pulliam-Moore / The Verge:
Perkins Miller, CEO of Fandom, which acquired TV Guide, GameSpot, Metacritic, and other outlets in 2022, has left the company and is now PlayOn Sports' new CEO  —  Perkins Miller oversaw Fandom's layoff-filled acquisitions of TV Guide, Metacritic, GameSpot, and Giant Bomb.
Discussion: PlayOn
Charlotte Tobitt / Press Gazette:
B2B travel trade magazine TTG closes its print edition after 72 years to focus on digital and events, which it says account for 45% and 40% of its revenue  —  B2B travel trade magazine title TTG is closing in print after 72 years.  —  However chief executive and TTG Media owner Daniel …
Ann Gehan / The Information:
TikTok pushes merchants to use a new ad-buying tool that promotes videos linking to TikTok Shop rather than merchants' own sites, frustrating some merchants  —  As TikTok readies itself for the expected sale of its U.S. business to a new venture controlled by American investors …
Jess Weatherbed / The Verge:
YouTube now lets mobile users set a customizable daily limit to restrict how long they can scroll Shorts feeds; the limit notifications are dismissible  —  Mobile users can automatically pause their Shorts feeds after watching for a set duration.
Ferdinand Knapp / Politico:
The EU Parliament awards the Sakharov Prize, its top human rights award, to two imprisoned journalists: Belarus' Andrzej Poczobut and Georgia's Mzia Amaglobeli  —  Andrzej Poczobut and Mzia Amaglobeli named as Sakharov Prize winners.  —  The European Parliament on Wednesday awarded …
Diana Pearl / The Business of Fashion:
ShopMy, which lets brands run influencer marketing efforts, raised $70M led by Avenir at a $1.5B valuation, up from ~$410M when it raised $77.5M in March 2024  —  The fast-growing creator monetisation business raised $70 million in a funding round that included heavyweight Silicon Valley investors …
 
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 More News: 
Alice Brooker / Press Gazette:
The Guardian executive Liz Wynn says the publisher is “becoming less dependent on page views day to day” and focusing on marketing messaging to generate revenue
Órla Ryan / The Irish Times:
Meta removes an AI video designed to look like RTÉ news bulletin that falsely showed Irish presidential candidate Catherine Connolly withdrawing from the race
Jake Kanter / Deadline:
UK filings: Paramount and Comcast invested $1B+ into European streamer SkyShowtime since 2022; SkyShowtime had a €543.7M operating loss in 2024, down 3% YoY
Discussion: TVNewsCheck
 Earlier Picks: 
Olivia Le Poidevin / Reuters:
EBU/BBC study: 45% of responses from top AI assistants misrepresented news content with at least one significant issue and 31% showed serious sourcing problems
Sarah Whitten / CNBC:
Netflix reports Q3 revenue up 17% YoY to $11.51B, matching est., and an operating margin below est. due to Brazilian tax dispute expense; NFLX drops 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

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

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
 
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