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8:25 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 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:
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  —  Ellison's approach was rebuffed over concerns about financial backing from China and Middle East sovereign funds
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  —  The News  —  Paramount's reliance on Gulf sovereign money was a major reason why the company's bid for Warner Bros. Discovery failed …
Discussion: TVNewsCheck and Reuters
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.
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
Discussion: Business Insider, Variety, Mirror, The Guardian, TV Tech, France 24, Stratechery, Benzinga, Livemint, Deadline, Proactive, The Times, @cspan, @deitaone, StrictlyVC, Türkiye Today, The Daily Upside, Financial Times, primetimer.com, Times of India, CBC News, MediaNews4U, @kerrymflynn, @grynbaum, Malay Mail, Australian Financial Review, The Information, @sherman4949, @brianstelter, @mikeisaac, @joecarlsonshow, Sports Media Watch, The Wrap, @sherman4949, @lucas_shaw, Motley Fool, Observer, @lucas_shaw, Axios, New York Times, Bloomberg, @danprimack, @laurenshirsch, TVBEurope, @sherman4949, The North West Star, @teroterotero, @alaynatreene, @teroterotero, @danprimack, Sydney Morning Herald, @sarafischer, @sherman4949, @sherman4949, @sherman4949, @sherman4949, @sherman4949, @edmundlee, @sherman4949, @brianstelter, Inverse, Fast Company, BBC, Techdirt, The Guardian, SiliconANGLE, Vanity Fair, ITR Wrestling, Nerdist, Digital Music News, Associated Press, The Movie Blog, Wall Street Journal, The Moderate Voice, ABC, TBPN, Lawyers, Guns & Money, MobileSyrup, Investomania, naked capitalism, Screen Rant, Fortune, Ars Technica, Media Play News, Deseret News, MS NOW, No Film School, TheDesk.net, The Independent, @ryanenos.bsky.social, Yahoo Finance, Hollywood Life, Screen, @obrien_kat@mastodon.world, BusinessDesk, @karlbode.com, Inc.com, Pure Xbox, Dow Jones Newswires, The Hill, CBS News, MediaPost, UPI, BNN Bloomberg, @msignorile.bsky.social, Thurrott, Michael Quigley on LinkedIn, Gianna Barberia on LinkedIn, @panda-news.bsky.social, @kcfennessy.bsky.social, @sternbergh.bsky.social, @rwmead.bsky.social, @seldo.com, @rosesbloom24.bsky.social, @newsguy.bsky.social, @renegadecut.bsky.social, @robertscotthorton.bsky.social, @schooley.bsky.social, @stephentotilo.bsky.social, @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 »
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
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:
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 …
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 …
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 …
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  —  Reddit Inc. is launching new safety features globally for all under-18s on its popular online forums ahead of Australia's groundbreaking social media ban.
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
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%
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
 Earlier Picks: 
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
 

 
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

Saritha Rai / Bloomberg:
Satya Nadella says Microsoft plans to spend $17.5B on AI and cloud computing in India over four years, its largest ever Asia investment, after meeting with Modi

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