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8:35 PM ET, December 5, 2025

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 Top News: 
Daniel Thomas / Financial Times:
Netflix agrees to acquire WBD's studios and streaming business in an $82.7B cash-and-stock deal, including debt, to close after WBD splits in two in Q3 2026  —  As part of the deal, WBD will continue with plan to spin off its cable television networks  —  Netflix has agreed an $83bn takeover …
Discussion: About Netflix, New York Times, CNN, The Ankler, Los Angeles Times, The Guardian, The Wrap, Los Angeles Times, The Hollywood Reporter, CNN, BBC, Reuters, @mbrandolph, @michaelcollado, ABC7, Techdirt, Adweek, Punch Newspapers, Deadline, Jonah Zalken on LinkedIn, The Japan Times, Barron's Online, Business Insider, Wired, CBS News, Sky News, Axios, PBS NewsHour, Benzinga, PC Gamer, Washington Post, NPR, Variety, Jasmeet Sidhu on LinkedIn, Ben Keen on LinkedIn, Deseret News, @shaundai.com, Finance Magnates, New York Sun, Charlotte Crouch on LinkedIn, My Nintendo News, Entrepreneur, Puck, @robertscotthorton.bsky.social, The Daily Signal, A Lovely Way to Spend …, British Cinematographer, Profectio, TechCrunch, @netflix, @vinsonlovescomics.bsky.social, @austincarr, Breitbart, iDrop News, Barchart.com, Blaze Media, @tweak@ohai.social, today.rtl.lu, LinkedIn, @pkafka, The Daily Caller, mxdwn Television, @karlbode.com, @Holberg@mstdn.social, Bounding Into Comics, USA Today, Daring Fireball, Digital Trends, @thefienprint.bsky.social, @carnage4life.bsky.social, @themorrancave.bsky.social, @parismarx.com, @jonathancohn.bsky.social, @droog811.bsky.social, @bretbatson.bsky.social, @kambole.bsky.social, @peter-eller10.bsky.social, @leafwarbler.bsky.social, @jackcarterbenjamin …, @Knoebel@mastodon.social, @mgsiegler.com, @valiuz.bsky.social, @jakevk.bsky.social, @uppergwladysblu.bsky.social, Deadline, @lewisgoodall.com, @joshsternberg.com, @irishoutsider.bsky.social and @thebarrylad.bsky.social, more at Techmeme »
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Alex Sherman / CNBC:
Documents and source: WBD CEO David Zaslav's stock in WBD would be worth close to $660M if the Netflix deal closes  —  This isn't exactly what David Ellison had planned in September.  —  Just a few months ago, the Paramount Skydance CEO sent a letter to the Warner Bros. Discovery board …
Tony Maglio / The Hollywood Reporter:
Netflix says it “expects to maintain Warner Bros.' theatrical releases for films” but “the windows will evolve to be much more consumer friendly”  —  Now that that's settled...  Netflix just solidified itself as the leading entertainment company (and then some), and all it cost was $83 billion.
Chris Kerr / Game Developer:
WBD confirms that Warner Bros. Games will be acquired by Netflix along with its wider streaming and television business  —  A Warner Bros. spokesperson has confirmed the video game division will be acquired by Netflix alongside its wider streaming and television business.
Jody Godoy / Reuters:
Congressional Democrats and Republicans criticize the Netflix-WBD deal, saying it would raise streaming subscription prices and lessen workers' pay and control  —  Netflix (NFLX.O) pitched its $72 billion acquisition of Warner Bros Discovery's studios and streaming divisionas aligned …
Variety:
The WGA, which routinely opposes media mergers, says the Netflix-WBD deal must be blocked, and the Producers and Directors guilds express concern over the deal  —  SAG-AFTRA says proposed pact raises ‘serious questions about its impact on the future of the entertainment industry’
Katie Campione / Deadline:
SAG-AFTRA puts off taking a position on the Netflix-WBD deal but says a deal benefiting its members “must result in more creation and more production, not less”  —  Instead, the guild says the potential transaction “raises many serious questions” that leadership expects to have answered.
Nicole Sperling / New York Times:
Netflix's WBD bid marks a striking strategy shift for a company long known for pivots, especially after years of avoiding full commitment to theatrical releases
Ted Johnson / Deadline:
A look at the uphill battle to win regulatory approval for Netflix's acquisition of WBD, and the roles of the US DOJ, EU regulators, and state attorneys general
Scott Roxborough / The Hollywood Reporter:
A European theater owners group says Netflix's Warner Bros. acquisition “represents a double risk” of fewer films being produced and getting theatrical releases
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
Isabella Simonetti / Wall Street Journal:
Sources: Vanity Fair and Olivia Nuzzi have agreed to part ways following new allegations about her affair with RFK Jr. and her behavior while reporting on him  —  Nuzzi joined the magazine as an editor earlier this year  —  Vanity Fair and Olivia Nuzzi have agreed to part ways following …
Alexandra Steigrad / New York Post:
Sources: Forbes has cut ties with dozens of contributing writers; one exec said Forbes needs to ensure the contributor model is “financially sound”  —  Forbes abruptly cut ties with dozens of contributing writers this week — sparking outrage and confusion among the rank and file …
Discussion: Talking Biz News
Sara Fischer / Axios:
Meta strikes commercial AI data deals with news publishers, including CNN, Fox News, and The Daily Caller, to provide real-time answers in its Meta AI chatbot  —  Meta on Friday said it has struck several commercial AI data agreements with news publishers ranging from USA Today, People Inc. …
Liam Scott / Columbia Journalism Review:
A look at the First Amendment Watch's SLAPP Back Initiative, a US SLAPP tracker; in 2024, 69 of 500 cases involved the media, of which 46 were dismissed  —  As Donald Trump tests the limits of anti-press litigation, a new initiative aims to document the wave of nuisance suits.
New York Times:
The New York Times sues Perplexity, claiming the AI startup violated its copyrights and kept using its content despite repeated demands over the past 18 months  —  IDEAS  —  Hannah Arendt Is Not Your Icon … Photo illustration by Ricardo Tomas  —  ADVERTISEMENT  —  LIVE
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Robert Channick / Chicago Tribune:
The Chicago Tribune sues Perplexity for copyright infringement, alleging Perplexity's platforms lift Tribune content verbatim and divert traffic from the paper
 
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Foo Yun Chee / Reuters:
The EU fines X €120M for breaching online content rules, the first DSA fine, citing issues like its failure to publish an ad repository, after a two-year probe
 Earlier Picks: 
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
 

 
From Techmeme:

Echo Wang / Reuters:
Meta acquires Limitless, which makes a pendant-style AI wearable that records and transcribes real-world conversations; Limitless has raised more than $33M

Wall Street Journal:
Sources: SpaceX is planning a secondary share sale that would value the company at $800B, surpassing OpenAI to make it the most valuable US private company

Rose Henderson / Bloomberg:
Cloudflare says it has fixed an issue that caused a 25 minute outage on Friday, following a major, hours-long outage last month
 
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