Top News:
Lucas Shaw / Bloomberg:
Source: WBD plans to require potential bidders to sign NDAs before it shares sensitive financial data; sources: Amazon and Apple have shown 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 …
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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.
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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
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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 …
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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.
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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.
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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 …
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 …
Alex Weprin / The Hollywood Reporter:
Fox plans to broadcast 69 live matches from the 2026 FIFA World Cup on the Fox broadcast network, up from 34 matches in 2022; the remaining 35 will run on FS1 — The Fox broadcast network will air 69 matches, compared to 34 in 2022, with the remaining 35 running on FS1. — Fox is doubling down on the FIFA World Cup.
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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 …
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 — Deepfake video designed to look like RTÉ news bulletin was viewed almost 30,000 times
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Alex Weprin / The Hollywood Reporter:
Netflix co-CEO Greg Peters says the company is “now on track to more than double ad revenue this year” and is currently using AI to test new ad formats — The streaming giant reported its Q3 earnings Tuesday.
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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%+
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