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5:35 PM ET, December 9, 2025

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 Top News: 
Christopher Palmeri / Bloomberg:
Money manager Mario Gabelli said it's “highly likely” he will tender his clients' WBD shares to Paramount in an effort to spark a bidding war for WBD  —  Money manager Mario Gabelli said it's “highly likely' he will tender his clients' Warner Bros. Discovery Inc. shares …
RELATED:
Washington Post:
Right-wing influencers such as Benny Johnson, Laura Loomer, and Jack Posobiec campaign against Netflix's bid for WBD, casting Netflix as a Democratic stronghold  —  Laura Loomer and other right-wing media figures cast Netflix as a Democratic stronghold and want the government to block it from buying Warner Bros. Discovery.
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
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
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
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
Josh Taylor / The Guardian:
Australia's ban on social media for users aged under 16 comes into effect; platforms that do not comply risk fines of up to AU$49.5M  —  Accounts held by users under 16 must be removed on apps that include TikTok, Facebook, Instagram, X, YouTube, Snapchat, Reddit, Kick, Twitch and Threads under ban
RELATED:
Nic Fildes / Financial Times:
As Australia enacts the world's first under-16 social media ban on December 10, a look at the implications, reaction from parents and teens, and more  —  Under-16s will no longer be able to subscribe to popular apps under groundbreaking Australian law  —  Kirstin Hunter was picking …
Newley Purnell / Bloomberg:
Reddit launches new safety features globally for under-18s, like stricter chat settings, as Australia's social media ban for under-16s takes effect
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 …
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.
Katie Robertson / New York Times:
Email: USA Today EIC Caren Bohan has abruptly left the company, the second editor in chief to do so in less than two years; she became EIC in September 2024  —  Caren Bohan, who was named editor in chief in September 2024, will no longer continue in her role “effective immediately,” the company told employees.
Discussion: The Wrap
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
Reporters Without Borders:
At least 53 of the 67 journalists killed in the past 12 months were victims of war or criminal networks; 503 journalists are detained globally, 121 in China  —  Organisation:  — RSF_en  —  Journalists do not just die - they are killed.  The number of murdered journalists has risen again …
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]
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
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.
Discussion: TVNewsCheck
 
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 Earlier Picks: 
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
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
 

 
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

Wall Street Journal:
Sources: Nvidia's H200 chips for China, mainly manufactured in Taiwan, will travel to the US for an unusual national security review before they are exported
 
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