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8:20 AM ET, December 5, 2025

Mediagazer

 Top News: 
Daniel Thomas / Financial Times:
Netflix agrees to buy WBD's studios and streaming business in an $82.7B cash-and-stock deal; the transaction is expected to close after Q3 2026  —  Deal will transform US tech company into the dominant player in Hollywood  —  Netflix has agreed an $83bn takeover of Warner Bros Discovery …
RELATED:
Tony Maglio / The Hollywood Reporter:
In the press release announcing the deal, Netflix says it “expects to maintain Warner Bros.' current operations..., including theatrical releases for films”  —  Now that that's settled...  Netflix just solidified itself as the leading entertainment company (and then some), and all it cost was $83 billion.
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
Foo Yun Chee / Reuters:
The EU fines X €120M for breaching online content rules, the first fine under the DSA, citing issues including the deceptive design of its blue checkmarks  —  Elon Musk's social media company X was fined 120 million euros ($140 million) by EU tech regulators on Friday …
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 …
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.
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 …
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 …
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 …
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 …
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 …
 
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 More News: 
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
 Earlier Picks: 
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
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
 

 
From Techmeme:

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

Shashwat Chauhan / Reuters:
The US CFTC announces that spot crypto asset contracts will begin trading for the first time on CFTC-registered futures exchanges

A.J. Vicens / Reuters:
US and Canadian authorities warn that Chinese hackers are using the Brickstorm malware to install backdoor access within unnamed government and IT entities
 
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