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2:25 PM ET, December 17, 2025

Mediagazer

 Top News: 
Wall Street Journal:
WBD recommends shareholders reject Paramount's unsolicited cash bid, calling the offer “illusory” and saying it believes Netflix's proposal is still superior  —  Warner raised concerns about the credibility of Paramount's ‘illusory’ offer and its backing from the Ellison family
RELATED:
Charles Gasparino / New York Post:
Source: Paramount has no immediate plans to sweeten its $30 per share, all-cash bid for WBD
Peter Grant / Wall Street Journal:
The WBD deal could worsen soundstage vacancies as productions may shift to the studio's facilities, affecting companies like Hackman, owner of 60+ soundstages
Discussion: Daily Mail
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
Scott Feinberg / The Hollywood Reporter:
The Academy signs a multi-year deal that will give YouTube the exclusive global rights to the Oscars, beginning in 2029 and running through 2033  —  The Academy announced on Wednesday:  —  LOS ANGELES, CA - The Academy of Motion Picture Arts and Sciences and YouTube signed a multi-year deal …
New York Times:
WBD says the Ellisons have “consistently misled” shareholders, including claiming Paramount's proposal had a “full backstop” but it “does not, and never has”  —  The claim was made as part of Warner Bros. Discovery's dismissal of Paramount's hostile takeover offer.
RELATED:
Todd Spangler / Variety:
SEC filing: WBD says the Ellisons offered David Zaslav a compensation package of several hundred million dollars, which Zaslav said was inappropriate to discuss  —  The Ellisons came promising boatloads of cash. … Over a four-month stretch, David Ellison pressed his case aggressively …
Todd Spangler / Variety:
Paramount reaffirms its $30/share all-cash bid after WBD's board officially rejected it, saying its bid offers “superior value and certainty” for shareholders  —  For now, David Ellison's Paramount Skydance is signaling that it will fight for the hearts and minds of Warner Bros. Discovery …
Sara Fischer / @sarafischer:
The FCC updates its site to remove the phrase “independent agency”, after Brendan Carr said in a Congressional hearing it is not independent “formally speaking”  —  🚨🚨 This is INSANE. I took this screenshot of the @FCC website at 11:52 a.m. ET where it explicitly states the FCC is an independent agency. 25 minutes later, it has been removed following Carr's comments during this hearing! See before and after screenshots below [image]
Todd Spangler / Variety:
Netflix signs a deal with Barstool Sports to stream video versions of three podcasts, initially in the US; full video episodes will be removed from YouTube  —  Netflix also has podcast distribution deals with Spotify and iHeartMedia  —  Netflix has gone into business with Dave Portnoy …
Jennifer Maas / Variety:
Sources: Disney has been hesitant to license its IP to Roblox because it doesn't consider it a safe platform, bucking the trend followed by Netflix and others  —  Here's a stat that might shock anyone who isn't the parent of a Gen Alpha kid: As of October 2025, online gaming platform Roblox boasted …
Discussion: The Record, Dexerto and Glossy
Joseph Berger / New York Times:
Norman Podhoretz, who transformed Commentary magazine into a controversial and influential neoconservative voice as its EIC from 1960 to 1995, has died at 95  —  A New York intellectual and onetime liberal stalwart, his Commentary magazine became his platform as his political and social view turned sharply rightward.
BBC Press Office on LinkedIn:
BBC News hires Lindsay McIntosh, previously Head of News at The Sunday Times, as its Executive News Editor  —  We are delighted to announce Lindsay McIntosh as the new Executive News Editor, BBC News.  —  As Executive News Editor, Lindsay will be at the heart of the BBC newsroom …
 
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 More News: 
Wall Street Journal:
US prosecutors charge Nick Reiner with two counts of first-degree murder in the deaths of his parents, Hollywood director Rob Reiner and Michele Singer Reiner
Justin Baragona / The Independent:
Nielsen ratings for Bari Weiss' town hall with Erika Kirk were 11% below total viewership for CBS News' standard programs in the same time slot, year to date
 Earlier Picks: 
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
New York Times:
The US threatens economic penalties against European companies like Spotify if the EU does not roll back regulations and lawsuits targeting US tech giants
 

 
From Techmeme:

Tulsee Doshi / The Keyword:
Gemini 3 Flash costs $0.50 per 1M input tokens and $3 per 1M output tokens, vs. Gemini 2.5 Flash's $0.30 per 1M input tokens and $2.50 per 1M output tokens

Financial Times:
Sources: Blue Owl Capital won't back Oracle's planned $10B, 1GW data center in Michigan, after funding talks stalled due to concerns over debt terms and delays

The Information:
Sources: OpenAI is in talks to raise $10B+ from Amazon at a $500B+ valuation and use AWS Trainium; Amazon won't be able to sell OpenAI models to cloud customers
 
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