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3:00 PM 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: The Guardian, Variety, TV Tech, TechCrunch, Financial Times, Variety, Screen Rant, New York Times, TheDesk.net, MediaPost, Deadline, The Guardian, Mediaite, Awful Announcing, Wall Street Journal, CNN, ABC, /Film, The Times, MobileSyrup, Benzinga, The Moderate Voice, Bloomberg, TBPN, Fox Business, Reuters, The Streamable, Lawyers, Guns & Money, @grynbaum, Investomania, NBC News, Ars Technica, Business Insider, Dow Jones Newswires, The Hill, No Film School, The Independent, @ryanenos.bsky.social, @sherman4949, Screen, @obrien_kat@mastodon.world, UPI, @brianstelter, masslive.com, @karlbode.com, Inc.com, Pure Xbox, Thurrott, @mikeisaac, Washington Examiner, @msignorile.bsky.social, PCMag, @joecarlsonshow, Yahoo Finance, Forbes, GamesIndustry.biz, NPR, WTTG-TV, Breitbart, Washington Times, Gizmodo, CBS News, Associated Press, Michael Quigley on LinkedIn, Gianna Barberia on LinkedIn, Engadget, Mirror US, France 24, The Information, Blockchain.News, Telegraph, Livemint, Comic Book, The Standard, KDFX-TV, Fortune, Quartz, @sherman4949, Barrett Media, @sarafischer, @stephentotilo.bsky.social, MS NOW, @danprimack, @newsguy.bsky.social, @franciswilkinson.bsky.social, @alaynatreene, @teroterotero, @danprimack, Entrepreneur, Straight Arrow News, Cord Cutters News, @mattmcneilshow.bsky.social, @renegadecut.bsky.social, @sherman4949, @sherman4949, @panda-news.bsky.social, Pulse 2.0, @edmundlee, Canoe, @kcfennessy.bsky.social, @seldo.com, @rwmead.bsky.social, @sherman4949, @rosesbloom24.bsky.social, Sharecast, @sherman4949, Media Play News, @teroterotero, Sports Media Watch, @sherman4949, @kristoncapps.bsky.social, @sherman4949, @rabichakra.bsky.social, @fizzvstheworld.bsky.social, @sherman4949, today.rtl.lu, The Indian Express, @schooley.bsky.social, @lucas_shaw, @markjacob.bsky.social, @brianstelter, @annmlipton@esq.social, @robertscotthorton.bsky.social, @bgrueskin.bsky.social, @laurenshirsch, Hollywood Life, @lucas_shaw, @sternbergh.bsky.social, Business Today, @figgityfigs.bsky.social, Far Out Magazine, Anadolu Ajansı …, WPXI-TV, The Post Millennial, Just The News and The Verge, more at Techmeme »
RELATED:
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.
Alex Weprin / The Hollywood Reporter:
Comcast President Mike Cavanagh says the company did not have a “high likelihood of prevailing” in its WBD bid but believed the attempt was worthwhile  —  Mike Cavanagh said Monday that the company “did not expect that we had a high likelihood of prevailing” in its Warner Bros. bid, but wanted to try.
Rohan Goswami / Semafor:
Paramount's WBD bid is backfiring in DC; a Trump official says Paramount seems to “believe the worst possible tropes” about corruption in the administration  —  The Scene  —  Paramount's aggressive quest for Warner Bros. — which escalated into a hostile $108 billion bid …
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
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
PodcastingToday:
Piers Morgan's Uncensored launches its first spin-off, History Uncensored, hosted by former CNN anchor Bianca Nobilo, airing weekly on YouTube and as a podcast  —  Piers Morgan Uncensored is launching its first ever spin-off series, History Uncensored, presented by former CNN anchor and reporter Bianca Nobilo.
RELATED:
Mark Kleinman / Sky News:
Source: Piers Morgan's YouTube-based venture Uncensored is raising £22.5M from The Raine Group, Theo Kyriakou, and others at a £97M pre-money valuation  —  The US-based merchant bank Raine and Greek media mogul Theo Kyriakou are among the backers of the former Mirror editor …
Discussion: The Wrap
Lara O'Reilly / Business Insider:
Uber launches Uber Intelligence, an insights platform that lets advertisers tap into Uber's data about customer trips and deliveries  —  - Uber Advertising is launching an insights platform for marketers called Uber Intelligence.  — It has partnered with LiveRamp to aggregate users' data without revealing their identities.
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 …
Mike Butcher / Pathfounders:
Alexandru Stan, founder of the software marketplace Tekpon, has acquired The Next Web media and events brands from The Financial Times  —  The European tech media space has been in quite a state of flux this past year or so, to put it mildly.  Under assault, it said, from an AI-driven plumet in traffic …
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.
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 …
 
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 More News: 
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
 Earlier Picks: 
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
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
 

 
From Techmeme:

Kevin Breuninger / CNBC:
Trump says the US will allow Nvidia to ship H200 chips to “approved customers” in China and elsewhere, and 25% of the chip sales will be paid to the US

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”

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
 
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