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4:15 AM 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 that it hurts 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:
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, Financial Times, TechCrunch, Wall Street Journal, Proactive, The Times, Deadline, StrictlyVC, TVBEurope, primetimer.com, Times of India, Sydney Morning Herald, Business Insider, CBC News, @sherman4949, Sports Media Watch, @cspan, @danprimack, Bloomberg, @deitaone, @joecarlsonshow, The Information, The North West Star, The Daily Upside, The Wrap, Observer, @sherman4949, Fast Company, New York Times, @grynbaum, @sherman4949, Australian Financial Review, @mikeisaac, Axios, @brianstelter, @lucas_shaw, MediaNews4U, BBC, Motley Fool, @kerrymflynn, Inverse, Malay Mail, @laurenshirsch, @lucas_shaw, Techdirt, @teroterotero, @alaynatreene, @teroterotero, The Guardian, @danprimack, @sarafischer, @sherman4949, @sherman4949, @sherman4949, @sherman4949, @sherman4949, SiliconANGLE, Vanity Fair, @edmundlee, @sherman4949, @brianstelter, ITR Wrestling, Nerdist, Digital Music News, Associated Press, The Movie Blog, The Moderate Voice, ABC, TBPN, Lawyers, Guns & Money, MobileSyrup, Investomania, Benzinga, naked capitalism, Screen Rant, Fortune, Ars Technica, Deseret News, No Film School, TheDesk.net, The Independent, @ryanenos.bsky.social, Hollywood Life, Screen, @obrien_kat@mastodon.world, MS NOW, @karlbode.com, Inc.com, Pure Xbox, Dow Jones Newswires, Media Play News, The Hill, MediaPost, BusinessDesk, 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, masslive.com, Reuters, @kcfennessy.bsky.social, @sternbergh.bsky.social, @rwmead.bsky.social, Yahoo Finance, @seldo.com, GamesIndustry.biz, Washington Times, Canoe, @rosesbloom24.bsky.social, Cord Cutters News, @newsguy.bsky.social, @renegadecut.bsky.social, The Indian Express, @robertscotthorton.bsky.social, @schooley.bsky.social, @stephentotilo.bsky.social, Awful Announcing, @kristoncapps.bsky.social, @franciswilkinson.bsky.social, @mattmcneilshow.bsky.social, @fizzvstheworld.bsky.social, @rabichakra.bsky.social, @bgrueskin.bsky.social, @markjacob.bsky.social, @figgityfigs.bsky.social and @annmlipton@esq.social, more at Techmeme »
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  —  Warner Bros. started with distribution.  Just after the turn of the century, Harry, Albert, Sam, and Jack Warner bought …
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
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”
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 …
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
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  —  Letterboxd is about to let you not just fan over your favorite films — it's going to let you rent and stream a curated selection of indie titles, too.
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: 
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%
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
 Earlier Picks: 
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
 

 
From Techmeme:

Kevin Breuninger / CNBC:
President Trump says the US will let Nvidia ship H200 chips to “approved customers” in China and elsewhere, and 25% of the chip sales will be paid to the US

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

Wall Street Journal:
Sources: Sam Altman said OpenAI plans to end its “code red” after releasing a model in January 2026 with improved image generation, speed, and personality
 
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