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7:10 AM ET, December 5, 2025

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 Top News: 
Bloomberg:
Sources: WBD begins exclusive talks with Netflix to sell its film and TV studios and HBO Max; Netflix is offering a $5B breakup fee if the deal isn't approved  —  Warner Bros. Discovery Inc. has entered exclusive negotiations to sell its film and TV studios and HBO Max streaming service to Netflix Inc. …
RELATED:
Jane Fonda / The Ankler:
Jane Fonda warns that a WBD merger in any form is an alarming escalation in media consolidation, threatening the entertainment industry and the First Amendment  —  Jane Fonda is a two-time Oscar-winning actress, producer and activist.  She earlier appeared on The Rushfield Lunch to announce …
CNBC:
Letter: Paramount expresses concern to WBD about the “fairness and adequacy” of the sales process, accusing WBD of favoring Netflix's offer
The Guardian:
Ireland, Spain, Slovenia, and the Netherlands exit Eurovision after Israel received an all-clear to compete; the BBC and Germany's SWR plan to participate  —  Ireland, Spain, Slovenia and the Netherlands pull out after decision not to hold vote on Israel's participation
David Pierce / The Verge:
Yahoo launches Game Breakdowns in beta, offering AI-generated game summaries, stats, and play recaps, all updated live, to Yahoo Fantasy Plus subscribers  —  AI models are very useful for mining stats to see exactly what's going on in the game you're watching.
James Faris / Business Insider:
Kalshi strikes a deal with CNBC that will integrate Kalshi's prediction data into CNBC's channel, site, and app starting in 2026, days after striking a CNN deal  —  - CNBC is partnering with prediction site Kalshi to integrate its data, starting in 2026.  — Kalshi and Polymarket …
Max Tani / Semafor:
Sources: Atlas Obscura's co-founders were pushed out of the company amid clashes with CEO Louise Story, who has trimmed staff and changed editorial strategy  —  The Scoop  —  Several months into Louise Story's tenure as CEO of Atlas Obscura, co-founders Joshua Foer and Dylan Thuras seemed pleased enough …
Mark Stenberg / Adweek:
Bloomberg Media COO Julia Beizer is leaving the company, a source says to lead Microsoft's AI news product, working under Microsoft AI CEO Mustafa Suleyman  —  The longtime media veteran will work under Microsoft AI CEO Mustafa Suleyman  —  The chief operating officer of Bloomberg Media …
Alex Weprin / The Hollywood Reporter:
CBS Evening News co-anchor Maurice DuBois will exit CBS News on December 18, as EIC Bari Weiss and President Tom Cibrowski overhaul the evening newscast  —  DuBois follows his co-anchor John Dickerson, who will leave CBS at the end of the year.  —  CBS Evening News co-anchor Maurice DuBois …
Sara Fischer / Axios:
MS NOW, formerly MSNBC, plans to launch membership subscriptions in the summer of 2026, offering events, curated insights, and moderated community spaces  —  MS NOW, formerly MSNBC, plans to launch a membership-based, direct-to-consumer product next summer, the network's president Rebecca Kutler plans …
Wendy Davis / MediaPost:
The New York Times, AP, RCFP, and other media organizations back an effort to block a new Texas law requiring app stores to verify users' ages  —  The New York Times Company and other news organizations are asking a federal judge to block a new Texas law requiring app stores like Google …
 
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 More News: 
Mark Stenberg / Adweek:
Condé Nast licenses its content for use across Microsoft Copilot experiences and hires Vasanth Williams as its new chief product and technology officer
 Earlier Picks: 
Blake Brittain / Reuters:
A US federal judge rules that OpenAI must produce 20M anonymized ChatGPT chat logs in the copyright lawsuit brought by The New York Times and other news outlets
Democracy for Sale:
Ex-Tory MP Ben Howlett says he paid £100 for a 50% stake in influential X account PoliticsUK, which he used for posts that aligned with his clients' interests
 

 
From Techmeme:

Wall Street Journal:
Sources: Meta is buying Manus for $2B+; Manus was raising at a $2B valuation when Meta approached it; Manus CEO Xiao Hong will report to Meta COO Javier Olivan

Kurt Wagner / Bloomberg:
Elon Musk says xAI bought a third building called “MACROHARDRR”, reportedly adjacent to Colossus 2, that will take the company's training compute to almost 2GW

Vlad Savov / Bloomberg:
Review of Samsung's Galaxy Z TriFold: sturdy but poor camera performance and has some unique design flaws that make it even less polished than regular foldables
 
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