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6:20 PM ET, December 16, 2025

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 Top News: 
Bloomberg:
Jared Kushner's Affinity Partners is exiting from Paramount's takeover bid for WBD, citing changed investment dynamics since it joined the bid in October  —  Jared Kushner's Affinity Partners is exiting from the takeover battle for Warner Bros. Discovery Inc.
RELATED:
Wall Street Journal:
Sources: WBD is preparing to tell its shareholders to reject Paramount's latest offer and plans to recommend they support the existing deal with Netflix  —  Company to recommend existing Netflix deal as soon as Wednesday  —  Warner Bros. Discovery is preparing to tell its shareholders …
Todd Spangler / Variety:
E.W. Scripps' board unanimously rejects Sinclair's unsolicited acquisition proposal of $7 per share in cash and stock, offered in November  —  Sinclair's takeover move came amid Nexstar Media Group's $6.2 billion deal for Tegna, which would expand the reach of Nexstar, the No. 1 biggest TV station owner group in the U.S.
Christal Hayes / BBC:
The BBC says “as we have made clear previously, we will be defending” against Trump's defamation lawsuit and “we are not going to make further comment”  —  The BBC has said it will defend itself against a $5bn (£3.7bn) lawsuit filed by US President Donald Trump …
RELATED:
Dan Mangan / CNBC:
Trump files a $10B defamation lawsuit against the BBC in a Florida court, alleging it deceptively doctored his January 6 speech in a Panorama documentary
Jake Kanter / Deadline:
The UK government begins its review of the BBC's charter, set to expire in 2027, as ministers consider licence fee reforms and allowing more commercial revenue  —  The UK government has fired the starting gun on BBC charter renewal, a once-in-a-decade review of the broadcaster's funding and operating agreement.
RELATED:
Matthew Keys / TheDesk.net:
USAGM is relocating from its current offices in Washington, DC, to a building apparently used by NASA; source: the old building is to be demolished  —  The U.S. Agency for Global Media (USAGM) is moving out of its current television studios and administrative offices in Washington …
Discussion: @matthewkeyslive
Alex Weprin / The Hollywood Reporter:
Howard Stern signs a new three-year deal with SiriusXM, after a report earlier this year suggested that his show was about to be canceled  —  The radio host had been in talks with the satellite radio company for months, after a report suggested he would be exiting his post.
Jacob Savage / Compact:
A writer argues that since 2014, DEI practices led to discrimination against white male millennials for entry-level and mid-level roles in Hollywood and media  —  For fifteen years I've scalped tickets to pay the bills.  But in January 2016 I almost managed a real career.
Kurt Wagner / Bloomberg:
Instagram unveils its first TV app, initially available on Amazon's Fire TV as a test with plans to expand to other TV platforms  —  Meta Platforms Inc.'s Instagram unveiled its first dedicated TV app, which lets users watch the short-form video feature Reels on a larger screen.
Jessica Testa / New York Times:
Netflix announces a partnership with iHeartMedia to exclusively publish 15+ video podcasts from early 2026, including The Breakfast Club and My Favorite Murder  —  The streaming service now has about 30 video podcasts lined up for 2026, including the influential radio show “The Breakfast Club.”
Lauren Thomas / Wall Street Journal:
Sources: DAZN is in advanced talks to acquire a majority stake in US regional sports broadcaster Main Street Sports Group, formerly Diamond Sports Group  —  British sports streaming company, eyeing U.S. growth, would take a majority stake in the broadcast partner for big league teams
Christina Van Waasbergen / Courthouse News Service:
Texas sues Sony, Samsung, LG, Hisense and TCL, alleging they fail to adequately notify users that their CTVs record what they display for ad targeting purposes  —  Attorney General Ken Paxton claims smart TV manufacturers, including companies with ties to the Chinese government …
 
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Jem Bartholomew / Columbia Journalism Review:
US Press Freedom Tracker: 32 journalists arrested or charged in 2025, vs. 50 in 2024, and 170 assaulted, nearly as many as the previous three years combined
Brian Merchant / Blood in the Machine:
Interviews with copywriters on generative AI's impact: their work used for training, layoffs, wages and rates in free fall, freelancers losing clients, and more
 

 
From Techmeme:

Rachel Metz / Bloomberg:
OpenAI updates ChatGPT Images to generate images up to 4x faster and edit more precisely, and adds a new section in ChatGPT's app and website for images

The Information:
Sources: Amazon is in talks to invest $10B+ in OpenAI at a $500B+ valuation, with OpenAI using AWS Trainium chips; Microsoft keeps rights to sell OpenAI models

Bloomberg:
Sources: Waymo is in discussions to raise more than $15B led by Alphabet at a valuation near $100B, and has achieved an annual revenue run rate above $350M
 
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