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11:55 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, TechCrunch, Wall Street Journal, Deadline, Variety, Business Insider, CBC News, The Wrap, Observer, The Guardian, Sydney Morning Herald, The Information, Australian Financial Review, Axios, New York Times, Bloomberg, Associated Press, @sherman4949, naked capitalism, TheDesk.net, MobileSyrup, @sarafischer, Sports Media Watch, @cspan, Fortune, Pure Xbox, Lawyers, Guns & Money, The Independent, Vanity Fair, Ars Technica, @danprimack, @alaynatreene, @teroterotero, @danprimack, MediaPost, @deitaone, @joecarlsonshow, Benzinga, No Film School, @sherman4949, @sherman4949, Techdirt, ITR Wrestling, Investomania, The North West Star, @edmundlee, Digital Music News, Deseret News, @sherman4949, Hollywood Life, Nerdist, @sherman4949, The Movie Blog, The Times, The Hill, The Moderate Voice, @teroterotero, Screen Rant, Fast Company, ABC, @grynbaum, @sherman4949, @sherman4949, @sherman4949, @mikeisaac, @obrien_kat@mastodon.world, @sherman4949, SiliconANGLE, @brianstelter, @lucas_shaw, BBC, Motley Fool, Inc.com, @brianstelter, TBPN, @ryanenos.bsky.social, @kerrymflynn, Inverse, Dow Jones Newswires, Malay Mail, @karlbode.com, @laurenshirsch, @lucas_shaw, Screen, UPI, BNN Bloomberg, @msignorile.bsky.social, Thurrott, Michael Quigley on LinkedIn, Gianna Barberia on LinkedIn, Sports Business Journal, PCMag, Barrett Media, Mediaite, Forbes, Breitbart, @panda-news.bsky.social, WTTG-TV, Reuters, @kcfennessy.bsky.social, @sternbergh.bsky.social, @rwmead.bsky.social, @seldo.com, GamesIndustry.biz, Canoe, Washington Times, @rosesbloom24.bsky.social, Cord Cutters News, @newsguy.bsky.social, @renegadecut.bsky.social, The Indian Express, @robertscotthorton.bsky.social, MS NOW, @schooley.bsky.social, @stephentotilo.bsky.social, Awful Announcing, @kristoncapps.bsky.social, @franciswilkinson.bsky.social, CNN, @mattmcneilshow.bsky.social, Gizmodo, /Film, Entrepreneur, CBS News, PC Gamer, 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, @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 …
Mark Kennedy / Associated Press:
The Golden Globes' inaugural best podcast award nominations avoided controversy by passing on popular politics-related podcasts and personalities like Joe Rogan  —  The Golden Globes this year introduced a best podcast category and, predictably, the nominees announced Monday will get people talking.
RELATED:
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
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.
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.
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
Discussion: The Wrap
 
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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:
President Trump says the US will let Nvidia ship its H200 chips to “approved customers” in China and elsewhere, on the condition that the US gets a 25% cut

Julian Chokkattu / Wired:
Pebble unveils the Pebble Index 01, a $99 smart ring with an on-device LLM for processing voice notes, shipping in March 2026, initially for $75

Aaron Holmes / The Information:
Source: as soon as this week, Anthropic, OpenAI, Google, Microsoft, and others are set to unveil the Agentic AI Foundation to build open-source agent standards
 
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