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7:25 PM ET, November 20, 2025

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 Top News: 
New York Times:
Sources: Paramount Skydance, Comcast, and Netflix bid in the first round for WBD; Comcast and Netflix are seeking just the studio and streaming parts of WBD  —  The outcome of the sale could alter the trajectory of the entertainment business.  —  The heavyweights of Hollywood made their cases …
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Hugo Lowell / The Guardian:
Sources: a White House official discussed with Larry Ellison cutting CNN hosts that President Trump loathes and running CBS shows like 60 Minutes on CNN  —  Senior officials indicated favorability toward Paramount Skydance to acquire Warner Bros Discovery  —  Senior White House officials …
Bloomberg:
Sources: Netflix has told WBD management that it will honor WBD's contractual agreements to release movies in theaters if it's successful in buying the company
Lachlan Cartwright / Vanity Fair:
A look at Rupert Murdoch's California Post, which will focus on LA, Silicon Valley, and Sacramento when it launches in 2026; Ian Mohr will lead CA Page Six  —  California is a veritable news feast—politicians with national ambitions, climate disasters, the twin industries of Hollywood and tech.
David Ingram / NBC News:
Cornell researchers: Grokipedia cites sources deemed “generally unreliable” or “blacklisted” by Wikipedia, including neo-Nazi sites Stormfront and VDare  —  An analysis by researchers at Cornell University is the first comprehensive look at Grokipedia since Musk launched his project last month.
Sophie Culpepper / Nieman Lab:
A look at the “explosion” of LA media upstarts, like the LA Local News Initiative, which has $18M in funding, SFGate's Southland, and nonprofit LA Public Press  —  A well-funded coalition building out neighborhood news, a new newsletter from an expanding for-profit site …
John Buckley / Capital Brief:
Sources: US officials raised concerns with Australia over its streaming content quotas that the government is trying to push through the Senate before year end  —  The US Embassy has directly raised concerns about the policy in Canberra, raising the stakes for the Albanese government as it pursues an aggressive tech reform agenda.
Matt Donnelly / Variety:
Q&A with Variety's new publisher and co-president, Dea Lawrence, on her career, on AI and digital creators being “crucial” for the outlet, and more  —  Dea Lawrence has assumed the top business role at Variety, succeeding Michelle Sobrino Stearns as publisher and also becoming co-president …
Ivan L. Nagy / Columbia Journalism Review:
An ex-Pentagon press corps member says Pentagon day pass requests now require an hour-by-hour activity summary and a list of people they plan to speak to  —  While veteran national security reporters can't get their calls answered, members of the new, MAGA-friendly press corps have a hotline to the Department of War.
Nicholas Hune-Brown / The Local:
How a freelancer's suspicious pitch led an editor to dig into past work, finding inconsistencies and falsehoods, as tech makes falsifying writing trivially easy  —  A suspicious pitch from a freelancer led editor Nicholas Hune-Brown to dig into their past work.
Bloomberg:
Analysis: YouTube's top conservative podcasters are driving a boom in host-read ads targeting right-wing audiences; nearly 91% of 876 episodes had political ads  —  On YouTube's conservative airwaves, podcast hosts tout products that let people buy into the MAGA crowd: Republican Red Winery vintages …
Reuters:
The FCC opens a review of agreements between national networks and local TV stations, including about rules controlling how stations preempt network programs  —  - FCC reviews network-affiliate agreements after Trump's ABC license comments  — FCC to ask whether national broadcasters …
RELATED:
Ted Johnson / Deadline:
The White House sends out a press release calling ABC News “a Democrat spin operation masquerading as a broadcast network” and cataloging perceived offenses
 
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 More News: 
Matt Hughes / The Guardian:
Paramount wins UK rights to show most UEFA Champions League games from 2027 to 2031; sources say its bid was much higher than TNT's current £1B per year deal
Reuters:
A Spanish court orders Meta to pay €479M to 87 Spanish digital media outlets for unfair competition practices and infringement of EU data protection regulations
Letterboxd:
Letterboxd says it will launch rental platform Letterboxd Video Store, curated with undistributed festival standouts, restorations, and more, in early December
 Earlier Picks: 
Defector:
Defector reports Year 5 revenue up 1% YoY to $4.65M, including $3.8M from subscriptions; all 19 original co-founders continue to work at the worker-owned outlet
Paul Roberts / Seattle Times:
Seattle Times Publisher Frank Blethen plans to step down December 31 after four decades, to be succeeded by his son, Ryan Blethen; Alan Fisco will become CEO
Discussion: MediaPost
Lucas Shaw / Bloomberg:
Sources: UMG, WMG, and Sony Music have licensed their works to Klay, which is building a streaming service that will let users remake songs using AI tools
 

 
From Techmeme:

Jordan Novet / CNBC:
Oracle reports Q2 revenue up 14% YoY to $16.06B, vs. $16.21B est., raises FY capex forecast to ~$50B, up from $35B as of September; ORCL drops 11%+ after hours

Wall Street Journal:
Sources: Blue Origin has worked for over a year on tech for orbital AI data centers; SpaceX plans to use upgraded Starlink satellites for AI computing payloads

The Information:
Sources: DeepSeek is developing its new AI model using several thousand Nvidia Blackwell chips, which were smuggled into China via third-party countries
 
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