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11:30 AM ET, December 8, 2025

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 Top News: 
CNBC:
Paramount launches a hostile bid to acquire WBD, offering WBD shareholders $30/share in a $108.4B all-cash deal; sources say WBD rejected the same bid last week  —  Paramount Skydance is launching a hostile bid to buy Warner Bros. Discovery after it lost out to Netflix in a months-long bidding war …
Discussion: Axios, Variety, Paramount Skydance Corporation, TechCrunch, Wall Street Journal, Deadline, MediaPost, Awful Announcing, Radio & Television …, /Film, The Guardian, Reuters, The Streamable, Fox Business, NBC News, The Hill, Business Insider, Mediaite, Advanced Television, Washington Times, Gizmodo, Mirror US, Engadget, France 24, The Information, Yahoo Finance, Blockchain.News, Los Angeles Times, Telegraph, Livemint, Comic Book, The Standard, KDFX-TV, Fortune, @sherman4949, @lucas_shaw, Canoe, @rosesbloom24.bsky.social, Cord Cutters News, @newsguy.bsky.social, Dow Jones Newswires, @renegadecut.bsky.social, The Indian Express, @robertscotthorton.bsky.social, @schooley.bsky.social, @stephentotilo.bsky.social, @kristoncapps.bsky.social, Financial Times, @franciswilkinson.bsky.social, @lucas_shaw, Associated Press, Entrepreneur, Anadolu Ajansı …, @danprimack, @laurenshirsch, Business Today, Media Play News, Far Out Magazine, @sherman4949, Sports Media Watch, @rabichakra.bsky.social, @teroterotero, @alaynatreene, @teroterotero, Straight Arrow News, today.rtl.lu, Screen, @danprimack, Pulse 2.0, @sarafischer, @sherman4949, WPXI-TV, @bgrueskin.bsky.social, @sherman4949, @sherman4949, @sherman4949, @sherman4949, @markjacob.bsky.social, @figgityfigs.bsky.social, @edmundlee, @sherman4949, @brianstelter, @annmlipton@esq.social, The Post Millennial, MacDailyNews, Just The News, Barrett Media, World of Reel, CBC News, CBS News, Jerusalem Post, BelfastTelegraph.co.uk, Realscreen and New York Post, more at Techmeme »
RELATED:
Bloomberg:
Paramount secures up to $54B in bridge loan financing, one of the largest of its kind, from Bank of America, Citigroup, and Apollo Global for its WBD bid  —  Paramount Skydance Corp. has lined up as much as $54 billion of financing from Wall Street's biggest firms to help support …
Sara Fischer / Axios:
Filing: Paramount's outside partners for its WBD bid include Saudi Arabia's PIF, Abu Dhabi's L'imad, Qatar Investment Authority, and Jared Kushner's Affinity  —  Paramount on Monday launched a hostile takeover bid to buy Warner Bros. Discovery, going directly to shareholders with an all-cash, $30-per-share offer.
Lucas Shaw / Bloomberg:
Sources: Ted Sarandos met with Trump in November, arguing that Netflix wasn't a monopoly; Sarandos agreed with Trump that WBD should sell to the highest bidder  —  Netflix Inc. co-Chief Executive Officer Ted Sarandos ventured to the White House in mid-November for a meeting with President Donald Trump.
RELATED:
Bloomberg:
President Trump says Netflix's WBD deal has “got to go through a process”, its big market share “could be a problem”, and he will be involved in the decision
Financial Times:
Sources: WBD's board wanted a proposal it could sign immediately, and Netflix was the only bidder whose paperwork was fully executable the night of December 4
Committee to Protect Journalists:
After the building fire, Hong Kong summoned AFP, FT, NYT, AP, Bloomberg, and WSJ journalists, telling them to avoid “trouble making”, and arrested a commentator  —  Chinese and Hong Kong authorities must immediately stop harassing journalists, release news commentator Wong Kwok-ngon …
Variety:
Netflix scores the most 2026 Golden Globe nominations, with 35 nominations across film and TV; Warner Bros. and HBO got a combined 31 nominations  —  “One Battle After Another,” a blisteringly funny look at a repressive society riven by political violence, dominated the 2026 Golden Globe Awards nominations …
Kerry Flynn / Axios:
Samba TV raised up to $60M in venture debt to scale through acquisitions and new AI-powered measurement tools; Samba previously raised $69M in equity funding  —  Samba TV has secured up to $60 million in venture debt to scale through acquisitions and new AI-powered measurement tools, CEO Ashwin Navin exclusively tells Axios.
Discussion: TVNewsCheck
Alex Weprin / The Hollywood Reporter:
The Academy reports fiscal 2025 revenues of $269.2M, up from $263.1M in 2024, after cutting expenses from $220.1M to $208.1M; Oscars revenue grew to $150.5M  —  “It is so important that we continue to diversify revenue streams and control expenses to allow for a sustainable and impactful future," Academy CEO Bill Kramer tells THR.
Matt Donnelly / Variety:
A look at the auction for the Oscars' TV rights, as sources say Netflix is out, NBCUniversal gains ground, and YouTube and ABC remain active bidders  —  There are eight weeks left on the holy Hollywood awards calendar until Oscar nominations are announced, and it's not just artists and craftspeople hunting for trophies.
Megan Graham / Wall Street Journal:
WPP Media expects global ad revenue, excluding US political ads, to grow 8.8% YoY in 2025 to $1.14T, and says AI investment drives more spending than expected  —  A new report from WPP Media says global ad revenue will reach $1.14 trillion this year  —  Advertising spending will grow …
Max Tani / Semafor:
Source: OpenAI privately complained to NBC News that the author of a story about OpenAI pressuring nonprofits was backed by a nonprofit involved in the story  —  The Scoop  —  Last month, NBC News broke the news that the artificial intelligence behemoth OpenAI had quietly issued a series …
 
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 More News: 
Kat Tenbarge / Wired:
Some Reddit moderators say a surge of AI slop on the site is eroding its authenticity and could lead to a feedback loop of AI models training on AI content
John Koblin / New York Times:
Netflix's WBD deal should quiet concerns, for now, from CNN employees worried about the prospect of Paramount combining CBS News and CNN in a WBD acquisition
 Earlier Picks: 
Pamela McClintock / The Hollywood Reporter:
A look at Paramount's culture shift under David Ellison, where the focus is on male-driven action movies, and not on prestige films seen as critics' darlings
Humeyra Pamuk / Reuters:
The Trump administration orders enhanced vetting of H-1B applicants and their families for past work in “censorship”, including fact-checking and online safety
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
 

 
From Techmeme:

Lauren Thomas / Wall Street Journal:
IBM agrees to acquire data streaming software maker Confluent for ~$11B in cash, above its ~$8B market value as of its December 5 close, paying $31 per share

Bloomberg:
President Trump says he will sign “a ONE RULE” EO on AI “this week” and “you can't expect a company to get 50 Approvals every time they want to do something”

Mark Gurman / Bloomberg:
Internal memo: Johny Srouji, who oversees Apple's chip division, tells his employees that “I don't plan on leaving anytime soon”
 
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