Top News:
Lucas Manfredi / The Wrap:
WBD's board unanimously rejects Paramount's amended $108.4B acquisition offer, saying the bid still has “significant” risks compared to Netflix's $83B offer — The board says the revised $108.4 billion bid continues to offer “significant costs, risks and uncertainties” compared to its $83 billion deal with Netflix
Discussion:
Mumbrella, TradingView, Warner Bros. Discovery, Business Insider, MediaPost, Variety, Forrester, Los Angeles Business Journal, CNN, The Times, Dow Jones Newswires, @luiz_fernando_j, MS NOW, @scottnover, Los Angeles Times, Screen, New York Post, UPI, Engadget, @sarafischer, @brianstelter, Barron's Online, The Standard, Fortune, TTV News, The Guardian, Cord Cutters News, @danprimack, BERNAMA, @lwsresearch, World of Reel, StreamTV Insider, @brianstelter, GameSpot, Washington Examiner, @pkafka, BBC, Proactive, @brianstelter, @brianstelter, Plain Dealer, Ars Technica, Türkiye Today, @lucas_shaw, The Streamable, TechCrunch, Advanced Television, @sarafischer, The Independent, New York Times, Bloomberg, Wall Street Journal, Financial Times, Axios, The Hollywood Reporter, Deadline, Far Out Magazine, CNBC, Barrett Media, TV Tech, GamesIndustry.biz, Forbes, Broadband TV News, Capital Brief, Media Play News, Telecompaper, CBS News, BelfastTelegraph.co.uk, Cynopsis and Realscreen, more at Techmeme »
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Josh Sisco / Bloomberg:
Filing: the US DOJ opened an in-depth review of Paramount's hostile tender offer for WBD on December 23; Netflix has said it's also talking with the DOJ and EC — The heated battle to acquire Warner Bros. Discovery Inc. has expanded from the boardroom to the US Justice Department …
Discussion:
IndieWire, Financial Post, Reuters, Al Jazeera, The Hill, The Independent, Agence France-Presse, Bloomberg Law, Sky News, The Wrap, Telegraph, Screen Rant and WPXI-TV
Katie Arcieri / Bloomberg Law:
The US House Judiciary Subcommittee scrutinizes the WBD-Netflix deal, and Rep. Jamie Raskin expresses concern over Trump's influence on Paramount and Netflix — House lawmakers Wednesday questioned the proposed tie-up between Warner Bros. and Netflix Inc., with some weighing the competitive tradeoffs …
Discussion:
Reuters, Irish Examiner and Comic Book
Tony Maglio / The Hollywood Reporter:
WBD board chair indicates WBD remains open to a Paramount acquisition, saying David Ellison “stepped up to the table” but “ultimately didn't raise the price” — WBD board chair Samuel Di Piazza Jr. is doing his negotiating through the TV media.
Discussion:
Business Insider, CNBC, The A.V. Club, CNBC, The Wrap, NBC News, The Movie Blog, Front Office Sports, Vanity Fair, Screen, Reuters, Media Play News, CBS News and Mediaite
Mark Walker / New York Times:
Block Communications announces that The Pittsburgh Post-Gazette will cease publication May 3; the closure will not affect its sister newspaper, The Toledo Blade — The family-owned company that operates the newspaper cited mounting losses and labor constraints. A final edition is expected on Sunday, May 3.
Discussion:
Nieman Lab, Pittsburgh Post-Gazette, The Guardian, The Hill, Fox News, Newspaper Guild of Pittsburgh, Awful Announcing, Editor and Publisher, Poynter, Plain Dealer, Angela S. Jones on LinkedIn, Dow Jones Newswires, @byerussell.com, Barrett Media, @pghguild, CBS News, MLive.com, Keith Reed on LinkedIn, Stacy Skiavo on LinkedIn, @victorpickard.bsky.social, Bloomberg, @colinbwilliams.com, @stephenthompson.bsky.social, @lrearick.bsky.social, @steve@s.yelvington.com, Daily Caller News Foundation, @kevincollier.bsky.social, New York Daily News, Deadline and r/Journalism
Isabella Simonetti / Wall Street Journal:
Semafor raised $30M at a $330M valuation after generating $2M in EBITDA in 2025, its first profitable year, and plans to expand its annual CEO gathering in DC — The digital media outlet, which aims to inform the ‘global leadership class,’ plans to expand its events business and add journalists
Discussion:
@johnwilson, @thesimonetti, @neilcybart, Axios, @parryravi, @sbanjo, The Wrap, Semafor, @emily_sundberg, @lizrhoffman, Justin B. Smith on LinkedIn, Reuters and Talking Biz News
Deadline:
Deadline names Nellie Andreeva, its current Co-Editor-In-Chief and head of the TV department, as sole EIC; Mike Fleming Jr. will become Editor-at-Large — Nellie Andreeva, Deadline's current Co-Editor-In-Chief and head of the TV department, has been named sole Editor-in-Chief.
Discussion:
Talking Biz News, The Ankler, The Wrap, @deadline and @maxwelltani, more at Techmeme »
Jazz Tangcay / Variety:
NLRB: DreamWorks remote workers, Netflix animation production workers, and “Ted” production workers vote to unionize with the Animation Guild and Editors Guild — DreamWorks Animation (DWA) remote workers across the United States, feature production workers at Netflix Animation Studios …
Discussion:
The Wrap, @scribblechris.bsky.social, Deadline and The Hollywood Reporter
Oliver Darcy / Status:
Sources: Tony Dokoupil's CBS Evening News debut left some staffers embarrassed and alarmed over the chaotic on-air rollout and MAGA-friendly editorial choices — On Tuesday evening, newly installed “CBS Evening News” anchor Tony Dokoupil closed out just his second official broadcast with a surreal segment …
Discussion:
The A.V. Club, HuffPost, The Independent, RADAR, Mother Jones, NewsMax.com, America, America, The Hill, @tonydokoupil, @southerngayteacher …, Deadline, Notes From The Circus, TV Insider, @mattxs, @sueinrockville.bsky.social, Raw Story, New Republic, Variety, Mediaite, @passantino.bsky.social, @samlitzinger.bsky.social, @nickfield.bsky.social, @nickfield.bsky.social, @bgrueskin.bsky.social, @passantino.bsky.social, @scott-conway.bsky.social, @oliverdarcy.bsky.social and Variety
Carolina Abbott Galvão / Columbia Journalism Review:
Q&A with John Cusack, a longtime press freedom advocate, on how FOIA-based reporting shouldn't be behind paywalls and how walls hurt those most affected by news — The movie star says that by selling their public-records-based reporting, news outlets are compromising one of journalism's essential civic roles.
Discussion:
@freedom.press, @mariabustillos.com, @katie-drummond.bsky.social and @jayrosen.bsky.social
Cynthia Littleton / Variety:
Fox is launching Fox Creator Studios to work with social content creators on multiple platforms and has made development deals with several food personalities — Digital-first division starts with a focus on food through deals with Gordon Ramsay and social media stars Rosanna Pansino …
Sara Fischer / Axios:
Apptopia and Similarweb: Conservative news apps have seen little to no growth in downloads and web traffic over the past two years, as infighting splinters MAGA — Most major conservative news apps have seen little to no growth in monthly traffic or app downloads over the past one to two years …
Discussion:
@aaronrosspowell.com and Simon Owens's Media Newsletter
