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8:25 AM ET, October 22, 2025

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 Top News: 
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 6%+  —  - Shares of Netflix fell after the company posted a third-quarter earnings miss. … Shares of Netflix fell around 7% in extended trading Tuesday …
RELATED:
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.
CNBC:
WBD says it is open to a sale after getting “unsolicited interest” from multiple parties; sources say the parties include Netflix and Comcast; WBD closed 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  —  Paramount Skydance boss David Ellison has bid $24 a share for Warner Bros. Discovery - a mega-deal worth $57 billion that was nevertheless rejected …
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
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.
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  —  SkyShowtime recently celebrated its third anniversary following its initial launch in 20 markets, including Spain and Poland, in September 2022.
Discussion: TVNewsCheck
Adam Leventhal / The Athletic:
UEFA joins the MPA-led anti-piracy coalition Alliance for Creativity and Entertainment, the first sports governing body to join the group, which has 50+ members  —  UEFA has become the first sports governing body to join the world's largest anti-piracy coalition, the Alliance for Creativity and Entertainment (ACE).
Joe Flint / Wall Street Journal:
A look at the economics of NBCU's NBA deal; sources say losses are projected at $500M to $1.4B per year at first and NBCU has averaged ~$130K per 30-second ad  —  Some senior NBCUniversal entertainment executives and Wall Street analysts have questioned the price and all that has to go right for the deal to be a success
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 …
Discussion: Reuters and TheDesk.net
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: The streaming platform is hiking prices, marking its third price increases in three years.
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 …
 
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 More News: 
Tony Maglio / The Hollywood Reporter:
Study: a “drip” season release strategy leads to a 48% greater short-term retention of subscriptions vs. binge drops
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
Discussion: ZeroHedge News
 Earlier Picks: 
 

 
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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