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10:00 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
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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  —  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
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”
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
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
RELATED:
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 …
Praveen Paramasivam / Reuters:
JioHotstar plans to invest $444M over five years to acquire and produce content from South India, as it plans to more than double its 200M+ subscriber base  —  India's JioHotstar plans to invest $444 million over five years to acquire and produce content from south India, an executive said on Monday …
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 …
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 …
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 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  —  The US-based merchant bank Raine and Greek media mogul Theo Kyriakou are among the backers of the former Mirror editor …
Discussion: The Wrap
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 More News: 
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%
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: 
Brian Steinberg / Variety:
Sources: Anderson Cooper has signed a new deal with CNN
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

Anthropic:
Anthropic donates the Model Context Protocol to the Agentic AI Foundation and says there are now more than 10,000 active public MCP servers

Nic Fildes / Financial Times:
As Australia prepares to enact the world's first under-16 social media ban on December 10, a look at the implications, reaction from parents and teens, and more
 
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