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4:35 AM ET, November 21, 2025

Mediagazer

 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 …
RELATED:
Financial Times:
A look at the WBD bidding process as first-round bids arrive; sources say Paramount CEO David Ellison and Larry Ellison enjoy an advantage in Washington
Wall Street Journal:
A look at CBS News under Bari Weiss: plans for a makeover of the CBS Evening News, concerns among veterans about her outspoken support of Israel, and more  —  The new editor in chief is personally recruiting potential anchors, booking guests herself and asking staff what they do
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 …
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.
Matthew Keys / TheDesk.net:
Antenna: Fox One paying subscribers hit 2.3M by the end of October, after rising by 1.1M during the month; a $40 bundle with ESPN Unlimited launched on Oct. 2  —  The number of streamers paying for a version of Fox Corporation's nascent streaming service Fox One has surpassed 2 million subscribers since …
Discussion: Antenna
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 …
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.
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 …
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  —  - US network made largest bid at this week's auction  — Amazon Prime will have first pick of Tuesday matches
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.
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  —  A day after President Donald Trump blew up at ABC News correspondent Mary Bruce and called for the network to lose …
RELATED:
Reuters:
The FCC opens a review of agreements between national networks and local TV stations, including about rules controlling how stations preempt network programs
 
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 More News: 
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
David Ingram / NBC News:
Cornell researchers: Grokipedia cites sources deemed “generally unreliable” or “blacklisted” by Wikipedia, including neo-Nazi sites Stormfront and VDare
 Earlier Picks: 
Letterboxd:
Letterboxd says it will launch rental platform Letterboxd Video Store, curated with undistributed festival standouts, restorations, and more, in early December
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
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
 

 
From Techmeme:

Maxwell Zeff / Wired:
OpenAI launches GPT-5.2, its “best model yet”, in Instant, Thinking, and Pro variants, with significant improvements in writing, coding, and reasoning

Reuters:
President Trump signs an executive order aimed at preempting a growing number of state AI laws, saying “we want to have one central source of approval”

Kif Leswing / CNBC:
Broadcom reports Q4 revenue up 28% YoY to $18.02B, vs. $17.49B est., and forecasts Q1 revenue above estimates, with AI chip sales doubling to $8.2B
 
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