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10:35 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, Wall Street Journal, Deadline, The Wrap, Observer, Variety, The Ankler, Australian Financial Review, The Guardian, The Information, Malay Mail, Sydney Morning Herald, Axios, New York Times, Bloomberg, CBC News, Associated Press, Fast Company, BBC, Business Insider, @sherman4949, Barrett Media, naked capitalism, Forbes, TheDesk.net, MobileSyrup, @sarafischer, Sports Media Watch, @cspan, Fortune, Pure Xbox, Lawyers, Guns & Money, The Independent, Vanity Fair, Ars Technica, @danprimack, @newsguy.bsky.social, @alaynatreene, @teroterotero, @danprimack, MediaPost, Cord Cutters News, Sports Business Journal, @deitaone, @joecarlsonshow, Michael Quigley on LinkedIn, Benzinga, No Film School, GamesIndustry.biz, PCMag, @sherman4949, @sherman4949, Techdirt, ITR Wrestling, Investomania, @panda-news.bsky.social, Reuters, The North West Star, @edmundlee, Canoe, @kcfennessy.bsky.social, Digital Music News, @seldo.com, Deseret News, @rwmead.bsky.social, @sherman4949, Hollywood Life, @rosesbloom24.bsky.social, Nerdist, @sherman4949, The Movie Blog, The Times, The Hill, UPI, The Moderate Voice, @teroterotero, Screen Rant, ABC, @grynbaum, @sherman4949, @sherman4949, Gianna Barberia on LinkedIn, @sherman4949, @mikeisaac, @obrien_kat@mastodon.world, @sherman4949, SiliconANGLE, @brianstelter, @msignorile.bsky.social, @lucas_shaw, Motley Fool, Inc.com, @brianstelter, TBPN, @ryanenos.bsky.social, @kerrymflynn, Inverse, Dow Jones Newswires, WTTG-TV, @karlbode.com, @laurenshirsch, @lucas_shaw, Breitbart, @sternbergh.bsky.social, BNN Bloomberg, Screen, Thurrott, @renegadecut.bsky.social, Washington Times, The Indian Express, @robertscotthorton.bsky.social, MS NOW, @schooley.bsky.social, @stephentotilo.bsky.social, Awful Announcing, Mediaite, @kristoncapps.bsky.social, @franciswilkinson.bsky.social, CNN, @mattmcneilshow.bsky.social, Gizmodo, /Film, Entrepreneur, CBS News, Engadget, Mirror US, @fizzvstheworld.bsky.social, Anadolu Ajansı …, France 24, Business Today, Media Play News, The Streamable, Yahoo Finance, Blockchain.News, Far Out Magazine, Telegraph, Livemint, Sharecast, NBC News, Comic Book, The Standard, @rabichakra.bsky.social, KDFX-TV, Fox Business, today.rtl.lu, Washington Examiner, Quartz, PC Gamer, Financial Times, GameSpot, Pulse 2.0, @bgrueskin.bsky.social, @markjacob.bsky.social, @figgityfigs.bsky.social and @annmlipton@esq.social, more at Techmeme »
RELATED:
Wall Street Journal:
Sources: after the Netflix-WBD deal was announced, Larry Ellison called President Trump about how the transaction would hurt competition  —  David Ellison has launched a hostile takeover bid for Warner Discovery, taking his case directly to shareholders after Netflix clinched a deal
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.
Rohan Goswami / Semafor:
Sources: Paramount's Gulf sovereign funding, accounting for ~30% of the deal's value, and potential political scrutiny led WBD to reject Paramount's initial bid  —  Paramount's reliance on Gulf sovereign money was a major reason why the company's bid for Warner Bros. Discovery failed to win …
Discussion: PitchBook and Financial Times
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”
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
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 …
Ted Johnson / Deadline:
Trump attacks Paramount owners as “no better than the old ownership”, demanding an apology from 60 Minutes and Lesley Stahl for Marjorie Taylor Greene interview  —  Donald Trump said that the Ellison-owned Paramount is “no better than the old ownership,” as he lashed out at the company …
Lawrence Bonk / Engadget:
TikTok announces Shared Collection, to organize and share saved videos, and plans to launch Shared Feed, a daily curated selection of 15 videos, globally  —  The first tool is similar to something Instagram introduced earlier this year.  —  TikTok just announced a couple of updates that that should make the app a bit more social.
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:
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.
Dade Hayes / Deadline:
MoffettNathanson: US pay-TV subscriptions grew by 303,000 in Q3 from Q2 2025, the first increase since 2017, and the overall rate of decline improved to 5.8%  —  U.S. pay-TV subscriber levels posted their first increase since 2017 during the third quarter, according to a new report from Wall Street research firm Moffett Nathanson.
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 …
 
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 More News: 
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
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:
European Commission: Meta agreed to change its “pay or consent” model to let Facebook and Instagram users share less data in exchange for less personalized ads
 Earlier Picks: 
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
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:

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

David Sacks / @davidsacks:
David Sacks says AI preemption won't apply to state laws on child safety, communities won't be forced to host data centers they don't want, and more

Prima Wirayani / Bloomberg:
Robinhood is set to join Indonesia's retail investment boom after agreeing to acquire local brokerages PT Buana Capital Sekuritas and PT Pedagang Aset Kripto
 
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