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11:25 AM ET, October 23, 2025

Mediagazer

 Top News: 
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.
RELATED:
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
Max Goldbart / Deadline:
BBC Strictly Come Dancing presenters Tess Daly and Claudia Winkleman are leaving at the end of this season after 10+ years; Strictly is the BBC's biggest show  —  Strictly Come Dancing presenters Tess Daly and Claudia Winkleman are exiting at the end of this season.
Kayla Cobb / The Wrap:
VideoShops, an affiliate retail platform that lets creators start personalized storefronts with no minimum follower count, raised a $42M seed  —  Abra Potkin and Nicole Winnaman are changing that  —  When you think of the most basic definition of an influencer — a person whose recommendations …
RELATED:
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
Brian Steinberg / Variety:
TelevisaUnivision reports Q3 revenue down 3% YoY to $1.3B and $90.5M net income, down from $190.3M YoY; subscription and licensing revenue rose 3% YoY to $493M  —  Spanish-language giant TelevisaUnivision said third-quarter profit declined as the company continued its efforts to streamline operations …
Stephanie Palazzolo / The Information:
Source: Suno hit ~$150M in ARR from subscriptions to its app, up nearly 4x YoY; it has $10 and $30 per month subscription tiers, implying 5M+ subscribers  —  You can count the number of breakout consumer AI applications on the fingers of one hand.  There's OpenAI's ChatGPT and...that's about it, at least so far.
Joe Flint / Wall Street Journal:
Former movie executive Bill Block launches GammaTime, a microdrama platform with more than 20 shows, with $14M in seed funding  —  Hollywood's next big bet is small—very small.  Traditional studios and startups are jumping on the microdrama bandwagon that has swept through China and is making inroads in the U.S. and elsewhere.
Discussion: The Wrap and Business Insider
Charlotte Tobitt / Press Gazette:
The UK's Observer signs a commercial partnership deal with AI-powered news reader Particle News, joining Time, the LAT, Fortune, and The Atlantic  —  The Observer has signed a commercial partnership deal with AI-powered news platform Particle News as it ramps up its digital presence as a standalone brand.
Natalie Korach / Status:
Sources: WaPo is planning newsroom cuts to the audio, sports, and metro teams, and Opinion Editor Adam O'Neal said WaPo is in “severe financial distress”  —  On Tuesday morning, staffers at The Washington Post received a memo from Executive Editor Matt Murray …
Seb Joseph / Digiday:
Amazon Web Services announces AWS RTB Fabric, a real-time bidding service for ad buyers and sellers, aiming to cut integration hours between ad tech partners  —  The ad dollars are nice but the real prize for Amazon is the infrastructure itself - the rails on which the entire system runs.
James Hibberd / The Hollywood Reporter:
Netflix plans to release the Stranger Things S5 finale in 350 movie theaters in the US and Canada from December 31 to January 1, despite previous statements  —  The streamer has confirmed that the hit show's finale will be in theaters after previously seeming to shoot down the idea …
Andy Robinson / Video Games Chronicle:
Press Engine: 1,200+ video game journalists left the industry in the past two years; including amateur, part-time, and freelance writers, 4,000+ left since 2023  —  ACCORDING TO PRESS ENGINE DATA, THE GLOBAL POOL OF GAMES JOURNALISTS HAS SHRUNK BY 25%  —  More than 1,200 video game journalists …
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.
Najat Kantouar / Wall Street Journal:
AI creative studio Wonder Studios, backed by OpenAI and Google DeepMind execs, raised a $12M seed led by Atomico and aims to release its first content in 2026  —  The funds will double the company's engineering team and accelerate a push into intellectual-property ownership and content production
 
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 More News: 
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
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
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
Discussion: Modern Retail
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
 Earlier Picks: 
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
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
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
 

 
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

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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