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1:05 PM ET, December 21, 2025

Mediagazer

 Top News: 
Sara Fischer / Axios:
Internal memo: TikTok has signed a deal to sell its US unit; Oracle, Silver Lake, MGX will collectively own 45% of the US entity, and ByteDance will retain ~20%  —  TikTok has signed a deal to sell its U.S. entity to a joint venture controlled by American investors, per an internal memo seen by Axios.
RELATED:
Karl Bode / Techdirt:
The TikTok deal is the worst of all possible outcomes, shifting ownership of TikTok to Trump's allies, while maintaining the supposed problematic links to China  —  There were rumblings about this for a while, but it looks like the Trump TikTok deal is done, and it's somehow the worst …
Financial Times:
Memo: TikTok CEO Shou Zi Chew says ByteDance's US entities will retain direct control over core US revenue drivers, including ecommerce, ads, and marketing
Bloomberg:
Sources: ByteDance is on track for ~$50B profit in 2025 after generating a ~$40B net income in the first three quarters, surpassing its internal target for 2025
Alex Weprin / The Hollywood Reporter:
Memo: the TikTok US deal is set to close on Jan. 22; terms include retraining the recommendation algorithm on US user data and Oracle overseeing data protection
Paul Glynn / BBC:
HarperCollins UK drops children's author and comedian David Walliams following allegations of inappropriate behavior toward young women  —  Best-selling children's author and comedian David Walliams has been dropped by his publisher HarperCollins UK, the company has said.
Daniel Thomas / Financial Times:
Interview with WPP CEO Cindy Rose, who says AI puts pressure on the ad agency's pricing and WPP has 10K data scientists and software engineers and 12K creatives  —  Advertising group's new CEO plans restructuring and says traditional agency model is from a ‘bygone era’
Robert D. McFadden / New York Times:
Lou Cannon, a veteran Washington Post reporter who wrote several influential biographies of Ronald Reagan, has died at 92  —  He was a foremost authority on the president, tracing his career in unvarnished accounts from his time as California governor through his years in the White House.
Ken Vogel / @kenvogel.bsky.social:
Politico ends its print edition after 19 years, as its early reliance on print ad revenue fades and its audience relies more on digital platforms  —  Politico's print paper was always something of a contradiction for an outlet that set out to prove that political journalism could thrive in the digital world.
Nicholas Henriquez / New Yorker:
The New Yorker has digitized its full archive covering 100 years, including covers and adding upgraded search capabilities; subscribers get unlimited access  —  For the first time, every cover, article, and issue in the magazine's hundred-year history can be enjoyed on newyorker.com.
Blake Brittain / Reuters:
Google sues data scraping company SerpApi for allegedly using hundreds of millions of fake search requests to access copyrighted material from Google products  —  Google on Friday sued a Texas company that “scrapes” data from online search results, alleging it uses hundreds of millions …
Sarah Perez / TechCrunch:
Netflix acquires avatar creation platform Ready Player Me to let its subscribers carry their personas and fandoms across games; the startup raised $72M  —  After shifting its gaming strategy to focus more on games played on the TV, Netflix announced it's acquiring Ready Player Me, an avatar creation platform based in Estonia.
 
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 More News: 
Kirsten Chuba / The Hollywood Reporter:
TikTok's first awards show, held on December 18, handed out 14 awards, including Creator of the Year for Keith Lee; at the event, none of the screens worked
Wall Street Journal:
Sources: Axel Springer has considered buying about a dozen media businesses in the US, including TED Conferences, TechCrunch, the 1440 newsletter, and more
 Earlier Picks: 
Todd Spangler / Variety:
Sony Pictures Entertainment and Sony Music Entertainment (Japan) agree to buy WildBrain's 41% stake in Peanuts Holdings for ~$457M, raising Sony's stake to 80%
Emilio Casalicchio / Politico:
Downing Street makes changes to press access, cutting an afternoon briefing and promising more press conferences, which will be open to social media influencers