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7:10 AM ET, December 3, 2025

Mediagazer

 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:
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  —  If Warner Bros. Discovery is leaning toward Netflix's offer in the high stakes race for the company's assets, rival bidder Paramount Skydance has a …
Katie Robertson / New York Times:
Smartmatic and Fox News ask a judge to rule in their favor in a $2.7B defamation case over Fox's 2020 election claims; a ruling is expected in the coming weeks  —  The case centers on false vote-rigging claims broadcast by Fox News during the 2020 U.S. presidential election.
Discussion: The Guardian, TVNewsCheck, NPR and The Wrap
Charlotte Tobitt / Press Gazette:
The Economist reports revenue up 4% YoY to £170.3M in the six months to September 2025 and pre-tax profit up 28% YoY to £19.7M; a 27% stake is up for sale  —  Expressions of interest being gathered for Rothschild family 27% stake in The Economist.
Antonio Ferme / Variety:
A US federal trial of Carl Rinsch, accused of swindling Netflix out of millions when making sci-fi series White Horse, begins with an ex-Netflix exec testifying  —  “Our objective today is to figure out the nature of this project and what we must do to contain it.”
Discussion: Business Insider
Tony Maglio / The Hollywood Reporter:
HBO Max's 4K Mad Men re-release had multiple errors, including lacking post-production edits in some scenes; a source says Lionsgate delivered the wrong 4K file  —  But the best one definitely did. … The 4K stream of the classic Lionsgate Television series for AMC Network came to HBO Max on Monday …
Alice Brooker / Press Gazette:
A profile of India-based sports website Essentially Sports, founded in a college dorm in 2014 and now reaching 30M monthly readers and $8M+ in annual turnover  —  India-based sports news website Essentially Sports has scaled to 30 million unique users a month, after being founded in a college dorm room in 2014.
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 …
Ellise Shafer / Variety:
HBO Max plans to launch in six European countries, including Italy and Germany, on January 13, leaving only the UK and Ireland left to roll out in Europe  —  HBO Max is coming to Italy, Germany, Austria, Switzerland, Luxembourg and Liechtenstein on Jan. 13, the streamer revealed on Wednesday.
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 …
Samantha Cole / 404 Media:
Half of US states now require users to upload IDs or biometric data to access pornographic content, as Missouri became the 25th state to enact such a law  —  As of this week, half of the states in the U.S. are under restrictive age verification laws that require adults to hand over their biometric …
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!
 
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 More News: 
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
Discussion: Variety
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
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
 Earlier Picks: 
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
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
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
 

 
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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