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3:40 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: Paramount Skydance Corporation, Variety, TV Tech, The Guardian, TechCrunch, Financial Times, Screen Rant, New York Times, TheDesk.net, The Guardian, Deadline, Variety, MediaPost, Mediaite, Axios, Associated Press, ABC, The Times, @deitaone, MobileSyrup, Benzinga, Nerdist, Digital Music News, @kerrymflynn, Awful Announcing, The Movie Blog, The Moderate Voice, Wall Street Journal, TBPN, CNN, Bloomberg, /Film, Lawyers, Guns & Money, @grynbaum, Investomania, MS NOW, Ars Technica, No Film School, The Independent, Business Insider, Fox Business, Reuters, The Streamable, @ryanenos.bsky.social, masslive.com, Dow Jones Newswires, Hollywood Life, @sherman4949, Screen, NBC News, @obrien_kat@mastodon.world, The Hill, @brianstelter, @karlbode.com, Inc.com, Pure Xbox, Forbes, PCMag, NPR, UPI, Thurrott, Breitbart, WTTG-TV, GamesIndustry.biz, Washington Times, Washington Examiner, @mikeisaac, Gizmodo, CBS News, Engadget, Mirror US, Yahoo Finance, France 24, The Information, Blockchain.News, Telegraph, Livemint, Comic Book, The Standard, KDFX-TV, Fortune, Quartz, @sherman4949, Barrett Media, @sarafischer, @stephentotilo.bsky.social, @danprimack, @newsguy.bsky.social, @franciswilkinson.bsky.social, @alaynatreene, @teroterotero, @danprimack, Entrepreneur, Straight Arrow News, Cord Cutters News, @mattmcneilshow.bsky.social, @renegadecut.bsky.social, @joecarlsonshow, Michael Quigley on LinkedIn, @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, Gianna Barberia on LinkedIn, @sherman4949, @rabichakra.bsky.social, @fizzvstheworld.bsky.social, @sherman4949, today.rtl.lu, The Indian Express, @schooley.bsky.social, @msignorile.bsky.social, @lucas_shaw, @markjacob.bsky.social, @brianstelter, @annmlipton@esq.social, @robertscotthorton.bsky.social, @bgrueskin.bsky.social, @laurenshirsch, @lucas_shaw, @sternbergh.bsky.social, Business Today, @figgityfigs.bsky.social, Far Out Magazine and Anadolu Ajansı …, 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.
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.
Cynthia Littleton / Variety:
Ted Sarandos says Paramount's “move was entirely expected”, but Netflix is “super confident” that it will get the WBD deal “across the line and finish”  —  Ted Sarandos and Greg Peters speak at UBS conference hours after Paramount Skydance launches hostile bid for Warner Bros. Discovery
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
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
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
RELATED:
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 …
Aisha Malik / TechCrunch:
Adobe partners with YouTube to launch a dedicated content creation space for YouTube Shorts creators within its Premiere mobile app for iOS  —  Adobe is partnering with YouTube to launch a dedicated content creation space in Premiere for iOS for YouTube Shorts creators, the company announced on Monday.
Discussion: 9to5Google, Thurrott and The Shortcut
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.
 
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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
Barbara Moens / Financial Times:
The EU says Meta agreed to make changes to its “pay or consent” model in the EU, including ad-lite Instagram and Facebook versions, but “the case is not closed”
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
 Earlier Picks: 
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
Discussion: Offscreen Central and TVNewsCheck
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
 

 
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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