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3:40 PM ET, December 2, 2025

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 Top News: 
Bloomberg:
Sources: Netflix files a new bid for Warner Bros. Discovery that is mostly cash, and is working on a bridge loan that totals tens of billions of dollars  —  Warner Bros. Discovery Inc. was fielding a second round of bids on Monday, including a mostly cash offer from Netflix Inc. …
RELATED:
Bloomberg:
Sources: Comcast is looking to merge NBCUniversal, including NBC TV, studios, and theme parks, with WBD, whose shareholders would get cash and stock  —  Comcast Corp. is looking to merge its NBCUniversal division with Warner Bros. Discovery Inc., according to people familiar with the company's plans.
Discussion: The Wrap
Todd Spangler / Variety:
Sources: Comcast, Netflix, and Paramount submitted second-round WBD bids on December 1; Paramount's includes financing from Apollo and Middle East wealth funds
Jess Weatherbed / The Verge:
YouTube launches Recap, which lets users review their most notable video habits over the past year, in the US on desktop and mobile, arriving globally next week  —  The new annual insights feature lets you review your top channels, interests, and other viewing habits.
Wall Street Journal:
Sources: as Disney prepares to name Bob Iger's successor in early 2026, parks chief Josh D'Amaro and TV head Dana Walden met with Disney's board this summer  —  Company is expected to promote from within, with parks chief Josh D'Amaro and TV head Dana Walden considered leading contenders
Jessica Hammers / Marketing Dive:
Snapchat launches the Winter Village, a shoppable AR experience that includes Chopard, Lancome, and Boss virtual shops, available through December 31  —  Chopard and other luxury brands are featured in the Snapchat Winter Village, a digital activation meant to mimic the in-person shopping experience.
Sam Gutelle / Tubefilter:
Acast, with Little Dot Studios, is launching a UK-based program to boost ad opportunities for podcasters on YouTube; a beta version launches in January  —  In the US, podcast ad revenue is projected to soar to $2.5 billion this year.  Meanwhile, across the pond, podcaster fortunes are improving as well …
David Bauder / Associated Press:
The Pentagon denied the AP and others access to a few news briefings, claiming they're orientation events for the new press corps, which now includes Matt Gaetz  —  Outlets that reach millions of news consumers are being denied access to rare briefings by Pentagon officials this week …
Ben Jiang / South China Morning Post:
Chinese short-video company Kuaishou launches Kling Video O1, saying it is the first multimodal AI model to unify video generation, editing, and post-production  —  Kuaishou expects the new model's abilities to drive its adoption by filmmakers, production studios, advertisers and influencers
Georg Szalai / The Hollywood Reporter:
Luma AI opens its first international office in London and appoints former WPP and Monks executive Jason Day to lead its global expansion outside the US  —  Putting multimodal artificial generative intelligence (AGI) into “the hands of creative professionals around the world - be they marketers …
 
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 More News: 
Dominic Ponsford / Press Gazette:
The UK's Observer says editor Lucy Rock stepped down in September after being announced as the title's first female print editor in December 2024
David Bauder / Associated Press:
A survey by the News Literacy Project of US 13- to 18-year-olds shows 84% use negative words including “boring”, “fake”, or “biased” to describe news media
Adamya Sharma / Android Authority:
Netflix quietly removes support for casting from its mobile app to most modern TVs and streaming devices, including Chromecasts, regardless of subscription tier
NBC News:
A Florida jury awards Megan Thee Stallion $75K in her defamation suit accusing blogger Milagro Gramz of being a “puppet” for Tory Lanez, who shot Megan in 2020
 Earlier Picks: 
Blake Brittain / Reuters:
The US Supreme Court hears arguments in a copyright case between ISP Cox Communications and record labels; labels say Cox should be liable for user infringement
Andrew Deck / Nieman Lab:
In a November 24 ruling, an arbitrator found Politico violated key safeguards for AI adoption that was negotiated into a contract with unionized journalists
Dominic Patten / Deadline:
The White House's “media bias” page has “Media Offender of the Week” and “Hall of Shame” sections, with CBS News making the inaugural Media Offenders list
Adweek:
Omnicom announces a restructuring following its $13.5B acquisition of IPG, including plans to cut ~4,000 jobs globally
 

 
From Techmeme:

Kurt Wagner / Bloomberg:
Sources: Meta is considering deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January

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

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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