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11:10 PM ET, December 2, 2025

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 Top News: 
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  —  Netflix reportedly made a mostly cash bid for the Warner Bros. streaming and studios entity; Comcast is also in the mix
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.
Charles Gasparino / New York Post:
Sources: if Netflix wins the auction for WBD, Paramount plans to go directly to WBD shareholders to argue that Netflix's bid would face regulatory issues
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 …
Todd Spangler / Variety:
Former Paramount streaming exec Jeff Shultz is named CEO of Radial Entertainment, which was formed last summer from the merger of FilmRise and Shout! Studios  —  Paramount Global alum Jeff Shultz is taking the helm of Radial Entertainment, the recently formed entertainment company encompassing FilmRise and Shout!
Sara Fischer / Axios:
CNN partners with Kalshi to use its real-time prediction data in TV, digital, and social channel reporting, on-air data tickers, analysis, and fact-checking  —  CNN has stuck a partnership with Kalshi, the world's largest global prediction market company, bringing Kalshi's data …
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.
Angus Whitley / Bloomberg:
YouTube says it will comply with Australia's social media ban for under-16s, after rejecting its inclusion in the crackdown and calling the regulation “rushed”  —  YouTube is taking steps to comply with Australia's upcoming under-16s social media ban, even after rejecting …
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 …
Zac Ntim / Deadline:
Netflix says Southeast Asian content on the platform grew nearly 50% from 2023 to 2024 and 40+ Southeast Asian titles were in its Global Top 10 in 2025  —  Netflix has said global viewership of Southeast Asian content on its platform grew by nearly 50% from 2023 to 2024.
Discussion: Variety
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.
Rachel Scharf / Billboard:
Warner Music Group sues PacSun for copyright infringement, claiming PacSun used at least 290 recordings by WMG artists in posts on Instagram and TikTok  —  The apparel company is accused of using unlicensed music in social media advertisements and influencer videos.
 
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 More News: 
Rick Porter / The Hollywood Reporter:
The first four episodes of Stranger Things 5 were the second-biggest premiere for any Netflix original series, behind only the second season of Squid Game
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
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
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
 Earlier Picks: 
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
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
 

 
From Techmeme:

Bloomberg:
iRobot files for Chapter 11 bankruptcy after reaching a restructuring support agreement to hand control to its secured lender and key supplier, Shenzhen Picea

Bloomberg:
An interview with Marcos Galperin, CEO of MercadoLibre, which has a $105B market cap, on his upcoming resignation, MercadoLibre's rivalry with Amazon, and more

Corrie Driebusch / Wall Street Journal:
A look at the efforts to open private markets, where shares of startups like OpenAI trade, to small investors, and the opportunities and risks they bring
 
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