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4:50 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, The Guardian, TV Tech, The Guardian, Financial Times, Wall Street Journal, TechCrunch, Sydney Morning Herald, Deadline, Screen Rant, New York Times, TheDesk.net, MediaPost, Variety, Techdirt, Axios, Associated Press, SiliconANGLE, ABC, ITR Wrestling, Mediaite, @deitaone, The Times, Nerdist, Digital Music News, @kerrymflynn, The Movie Blog, Business Insider, The Moderate Voice, MobileSyrup, Benzinga, TBPN, MS NOW, Lawyers, Guns & Money, BusinessDesk, @grynbaum, Investomania, Bloomberg, masslive.com, Dow Jones Newswires, The Hill, UPI, Thurrott, PCMag, Ars Technica, Awful Announcing, Forbes, Breitbart, WTTG-TV, Reuters, GamesIndustry.biz, Washington Times, @sherman4949, Barrett Media, KDFX-TV, France 24, @sarafischer, Blockchain.News, Pure Xbox, The Independent, @stephentotilo.bsky.social, /Film, @danprimack, @newsguy.bsky.social, @franciswilkinson.bsky.social, @alaynatreene, @teroterotero, @danprimack, Entrepreneur, Cord Cutters News, @mattmcneilshow.bsky.social, @renegadecut.bsky.social, @joecarlsonshow, Michael Quigley on LinkedIn, No Film School, @sherman4949, @sherman4949, @panda-news.bsky.social, Screen, Pulse 2.0, @edmundlee, Canoe, Yahoo Finance, @kcfennessy.bsky.social, @seldo.com, CNN, @rwmead.bsky.social, Mirror US, @sherman4949, Hollywood Life, @rosesbloom24.bsky.social, Sharecast, Gizmodo, @sherman4949, The Standard, Quartz, The Streamable, Media Play News, @teroterotero, @sherman4949, Sports Media Watch, Comic Book, @sherman4949, @kristoncapps.bsky.social, Gianna Barberia on LinkedIn, @sherman4949, @mikeisaac, CBS News, @rabichakra.bsky.social, @obrien_kat@mastodon.world, The Information, @fizzvstheworld.bsky.social, @sherman4949, today.rtl.lu, The Indian Express, Telegraph, Engadget, @brianstelter, @schooley.bsky.social, @msignorile.bsky.social, @lucas_shaw, @markjacob.bsky.social, Inc.com, @brianstelter, @ryanenos.bsky.social, @annmlipton@esq.social, NBC News, @robertscotthorton.bsky.social, @bgrueskin.bsky.social, @karlbode.com, @laurenshirsch, Livemint, @lucas_shaw, @sternbergh.bsky.social, Business Today, @figgityfigs.bsky.social, Far Out Magazine, PC Gamer, Fox Business, Anadolu Ajansı … and Washington Examiner, 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.
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.
Discussion: The Wrap, @tvgrimreaper and Bloomberg
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
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
Lucas Shaw / Bloomberg:
Sources: ABC extended Jimmy Kimmel's deal until May 2027; the deal was reached months ago, but the announcement was delayed out of respect for Stephen Colbert  —  Walt Disney Co. is bringing Jimmy Kimmel back for at least one more year.  —  The late-night star, who was suspended in September …
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:
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 …
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.
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.
Brian Steinberg / Variety:
Sources: Anderson Cooper has signed a new deal with CNN  —  Anderson Cooper may no longer always be the anchor on CNN who is most watched regularly by viewers, but the news outlet believes he's still worth keeping on the roster.  —  Cooper in recent weeks signed a new deal …
 
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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
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
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”
 Earlier Picks: 
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
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
 

 
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

Chris Welch / Bloomberg:
Google says it's working to create two different categories of AI-powered smart glasses: one with screens launching in 2026 and another that's audio-focused

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”
 
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