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1:45 PM ET, December 31, 2025

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 Top News: 
Lucas Shaw / Bloomberg:
Sources: WBD plans to reject Paramount's revised takeover bid at a board meeting next week, viewing the $30-a-share cash bid as still inferior to Netflix's bid  —  Warner Bros. Discovery Inc. plans to once again reject a takeover bid from Paramount Skydance Corp. after the rival media company amended …
Brent Lang / Variety:
George Clooney criticizes CBS and ABC for settling lawsuits with President Trump and says Bari Weiss “is dismantling CBS News as we speak”  —  When George Clooney was preparing to make his Broadway debut appearing as CBS news correspondent Edward R. Murrow in “Good Night …
RELATED:
Pat Saperstein / Variety:
Following Clooney's criticism, Bari Weiss invites him to “visit The CBS Broadcast Center” where she is “spending the holidays” to “relaunch the Evening News”  —  After George Clooney said he felt that newly-named editor-in-chief Bari Weiss was …
Charles Ornstein / ProPublica:
ProPublica reporters on three recent stories were ignored by federal or state workers when seeking comment, and then were accused of stalking or intimidation  —  This summer, my colleagues were reporting out a story about the Department of Education's “final mission,” its effort …
Michael Savage / The Guardian:
UK's Ofcom is reviewing multiple complaints against GB News over not challenging Trump's assertions, including that climate change is “a hoax”, in an interview  —  US president's assertions climate change is ‘a hoax’ and London has police no-go areas left unchallenged, say critics
Michael Schneider / Variety:
Nielsen: CBS was 2025's most-watched network in primetime despite a 12% YoY drop in average viewers, followed by NBC, ABC, and Fox, up 10% due to the Super Bowl  —  Complete Broadcast, Cable and Pay TV Ratings Primetime Ranker for 2025 in Total Viewers and Adults 18-49  —  What a difference a Super Bowl makes.
RELATED:
New York Post:
Leaked letter: a group of “prominent journalists” at CBS News are preparing a petition urging David Ellison to uphold editorial independence at the network
Bloomberg:
Nielsen streaming data: none of 2025's 10 most-watched shows were new, Tubi and Roku are almost twice the size of HBO Max and Peacock, and more  —  When it comes to entertainment, we live in an era of asymmetrical information.  Technology companies are sitting on more data than they know how to use …
RELATED:
Jonathan Randles / Bloomberg:
America's Test Kitchen agrees to purchase recipe site Food52 for $6.5M; Food52 said a sudden cash sweep by its lender, Avidbank, forced it into Chapter 11  —  Cooking television show America's Test Kitchen has agreed to purchase recipe site Food52, which said it was forced to file bankruptcy …
Summer Ballentine / The Detroit News:
The Detroit News and Detroit Free Press ended their joint operating agreement, which began in 1989; The News plans to launch a Sunday print edition January 18  —  A nearly four-decade-long business partnership between The Detroit News and Detroit Free Press ended Sunday …
Benjamin Mullin / New York Times:
A profile of NPR CEO Katherine Maher, who has taken an unyielding approach to NPR's biggest battles, causing rifts with the right and her public media allies  —  Katherine Maher knew that running NPR was going to be difficult.  But since taking over as chief executive last year, she has confronted one crisis after another.
Rob Davies / The Guardian:
BPI: the UK music industry had its 11th straight year of growth in 2025; album sales rose 4.9% YoY to 210.3M, aided by the Oasis reunion and Taylor Swift vinyls  —  BPI figures show music lovers listened to equivalent of 210.3m albums by UK artists in 2025 in 11th consecutive year of growth
 
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 More News: 
Jeremy Barr / @jeremymbarr:
A judge denies Fox's motion to dismiss a wrongful death lawsuit filed by the parents of Oleksandra Kuvshynova, killed while working for Fox in Ukraine in 2022
Will Sommer / The Bulwark:
The Trump administration helps Tenet Media's Lauren Chen return to the US; she lost her visa after a 2024 indictment alleging illicit funding from Russia's RT
 Earlier Picks: 
Max Tani / Semafor:
Ezra Klein, Ben Shapiro, Steve Bannon, Vanity Fair's Mark Guiducci, Puck's Matt Belloni, Verge's Nilay Patel, and others on what media leaders got wrong in 2025
Variety:
North America's box office in 2025 will fall far short of the $9B most analysts expected, flat from 2024 and well below the pre-pandemic norm of $10B to $11B
Axios:
Nick Shirley, a MAGA-friendly YouTuber, goes viral with video reports about alleged fraud in Minnesota, provoking approving responses from the FBI and JD Vance
Aisha Down / The Guardian:
A Kapwing study of the 15,000 top YouTube channels finds 278 of them have only posted AI-generated “slop” videos, amassing 63B+ views and 221M+ subscribers
 

 
From Techmeme:

Wall Street Journal:
How Manus distanced itself from its Chinese roots to court US investors; a source says Meta's $2.5B deal includes a $500M retention pool for Manus' employees

Reuters:
Sources: Nvidia has approached TSMC to ramp up H200 chip production; Chinese companies have placed orders for 2M+ H200 chips for 2026, while Nvidia holds 700K

Emily Nicolle / Bloomberg:
Trump Media, owner of Truth Social, plans to distribute a new token to shareholders with partner Crypto.com, expected to operate on the Cronos blockchain
 
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