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2:55 PM ET, December 9, 2025

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 Top News: 
Wall Street Journal:
Sources: after Netflix announced its WBD deal, Larry Ellison called Trump to argue it would hurt competition; Paramount CEO David Ellison promised CNN changes  —  David Ellison has launched a hostile takeover bid for Warner Discovery, taking his case directly to shareholders after Netflix clinched a deal
RELATED:
Ben Thompson / Stratechery:
Netflix changed movie distribution and its executives now think that licensing shows leaves money on the table; YouTube may help Netflix's WBD antitrust case  —  Netflix is driving the Hollywood end game, likely confident it can increase the value of IP, and fend off YouTube.
Financial Times:
Inside Paramount's new WBD bid: after six failed proposals across 12 weeks, and alleging WBD's board ignored a final offer, Paramount went hostile to buy WBD
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
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”
Barbara Moens / Financial Times:
The European Commission opens an investigation into Google to assess possible anticompetitive conduct by Google in “the use of online content for AI purposes”  —  Investigation is the bloc's latest challenge to American Big Tech companies  —  Brussels has launched an investigation …
Ted Johnson / Deadline:
Matt Gutman is leaving ABC News to join CBS News as chief correspondent on January 5, reporting across the network as well as lead correspondent for 48 Hours  —  Gutman also will contribute to future seasons of 60 Minutes, and will serve as fill-in anchor.  He will start in Jan. 5 and will be based in Los Angeles.
RELATED:
Oliver Darcy / Status:
Sources: Tony Dokoupil is set to be the next CBS Evening News anchor beginning in the new year, despite an external search for a high-profile star
Michael Luo / @michaelluo:
The New Yorker adds Jason Zengerle and Ruby Cramer as staff writers for politics and Jon Allsop as a contributing writer; Emily Nussbaum will be theater critic  —  News from @NewYorker! Welcome to @zengerle @rubycramer @jon_allsop. New beat for @emilynussbaum. Also, belated welcome to @RuthMarcus @lsjamison and Manvir Singh. [image]
Tyler Falk / Current:
The Public Media Bridge Fund awards $26M across 74 organizations that operate more than 180 public radio and TV stations  —  The Public Media Bridge Fund is awarding $26 million in its first round of grants to public media organizations that are most in need following the loss of federal funding earlier this year.
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 …
Jesse Whittock / Deadline:
Steven Bartlett's FlightStory makes a “seven-figure” investment in Maggie Sellers Reum's Hot Smart Rich, whose podcast reached 1.8M+ downloads in its first year  —  Terms of the deal haven't been fully revealed and the size of the stake isn't known, but the cash will go towards scaling HSR …
Kendra Barnett / Adweek:
PubMatic partners with Kontext to let advertisers choose the chatbots they'd like to appear in and use Kontext's tech to generate ads that fit the chatbot chats  —  The integration enables advertisers to buy ads across a range of AI interfaces through PubMatic or their DSP of choice.
Discussion: AdExchanger
Deborah Mary Sophia / Reuters:
Wikimedia Foundation names Bernadette Meehan, who was the US Ambassador to Chile from 2022 to 2025, as its new CEO  —  Wikimedia Foundation, the operator of Wikipedia, on Tuesday named Bernadette Meehan its chief executive officer, tapping an administrator with deep policy expertise …
Discussion: Diff, more at Techmeme »
Jaspreet Singh / Reuters:
Spotify rolls out music videos to Premium subscribers in the US and Canada, following a beta launch in nearly 100 markets last year  —  Spotify (SPOT.N) said on Tuesday it is making music videos available to premium subscribers in the U.S. and Canada, as the Swedish streaming giant challenges YouTube for market share.
 
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 More News: 
Newley Purnell / Bloomberg:
Reddit rolls out new safety features globally for all users under 18, ahead of Australia's social media ban for under-16s that takes effect on December 10
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
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%
Discussion: Axios
 Earlier Picks: 
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
Todd Spangler / Variety:
Letterboxd plans to launch its Video Store film rental platform on December 10, offering curated indie titles in 23 countries, including the US, UK, and France
 

 
From Techmeme:

Will Knight / Wired:
Anthropic, OpenAI, Block, Google, AWS, Microsoft, and others launch the Agentic AI Foundation to build open-source agent standards under the Linux Foundation

Bloomberg:
Sources: SpaceX plans an IPO in mid-to-late 2026, seeking to raise far above $30B and targeting a ~$1.5T valuation, potentially making it the largest IPO ever

Wired:
Denise Dresser, Slack CEO since 2023, is stepping down to join OpenAI as the company's chief revenue officer
 
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