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3:15 PM ET, November 21, 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 …
Wall Street Journal:
Source: UEFA Champions League media rights sold for €10B over four years, starting in 2027, across the UK, Germany, France, Italy, and Spain  —  Amazon.com's Prime Video, Comcast's Sky, France's Canal+ and Spain's Telefonica were named alongside Paramount as preferred bidders
RELATED:
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
Rasmus Kleis Nielsen / Nieman Lab:
A look at the system for distribution of direct media subsidies developed for the government of Denmark, which spends ~0.2% of its GDP on direct media subsidies  —  “A foundation can pick winners on the basis of its own values and priorities and support them from private sources.
Al Tompkins / Poynter:
Nexstar's FCC filing in its $6.2B proposed merger with Tegna asks for urgent approval, which would require changing rules that limit station ownership  —  The broadcaster is pressing the FCC to fast-track a $6.2B deal that would expand its reach to more than half of US households
Mayank Parmar / BleepingComputer:
Google starts rolling out ads in AI mode; the ads look similar to the citations in AI answers but with a “sponsored” label  —  Google has started rolling out ads in AI mode, which is the company's “answer engine,” not a search engine.  —  AI mode has been available for a year and is accessible to everyone for free.
Aisha Down / The Guardian:
Researchers say Russia-aligned Pravda network is engaging in “LLM grooming”, flooding the internet with disinformation to influence chatbots like ChatGPT  —  Thinktank says internet flooded with disinformation by Russia-aligned Pravda network, which many websites treat as credible
Cecilia D'Anastasio / Bloomberg:
Roblox ads remain an “insignificant” revenue source for the company as developers aren't interested due to low rates and advertisers are wary of users under 13  —  Gaming platform geared for kids turns out to be a tough sell  —  Roblox Corp. executives have been trying …
Naman Ramachandran / Variety:
Eros Innovation, an AI and IP company which owns 12K+ film titles and 100K+ AI-ready characters, closed ~$150M in capital and acquisitions at a $2B valuation  —  Eros Innovation has closed approximately $150 million in capital and strategic acquisitions as the company accelerates its transformation …
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
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 …
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: 
Renju Jose / Reuters:
Australia adds Twitch to teen social media ban; Twitch plans to deactivate accounts for 16-and-under users from Jan. 9 and bar new underage users from Dec. 10
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
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
 Earlier Picks: 
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
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
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
 

 
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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