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4:45 PM ET, January 8, 2026

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 Top News: 
Ross Kerber / Reuters:
Some of WBD's biggest investors are split on Paramount's offer that counters Netflix's accepted bid; investors have until January 21 to accept Paramount's bid  —  Some of Warner Bros Discovery's (WBD.O) biggest investors are split on Paramount Skydance's (PSKY.O) sweetened offer …
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Wall Street Journal:
Paramount reaffirms its commitment to its $30-per-share offer to acquire WBD and says that its analysis values Discovery Global at $0 per share  —  Warner previously said the offer wasn't ‘even comparable’ to Netflix's deal  —  Paramount Skydance continued pushing its $77.9 billion bid …
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
Tony Maglio / The Hollywood Reporter:
WBD's 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”
Joshua Benton / Nieman Lab:
The Post-Gazette closes in five months, leaving time for Pittsburgh institutions to react, maybe by growing a replacement or helping its owner start a nonprofit  —  One of the country's oldest newspapers, the Pittsburgh Post-Gazette, says it's shutting down in May. Not going digital-only — just disappearing.
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Mark Walker / New York Times:
Block Communications says The Pittsburgh Post-Gazette will cease publication on 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.
David Gilbert / Wired:
An apparent disinformation campaign falsely identified Steve Grove, CEO/publisher of The Minnesota Star Tribune, as the ICE agent who shot a Minneapolis woman  —  Online detectives are inaccurately claiming to have identified the federal agent who shot and killed a 37-year-old woman in Minnesota based on AI-manipulated images.
Dade Hayes / Deadline:
Disney announces it is adding vertical videos to Disney+ later this year, following the launch of ESPN's “Verts” in the ESPN app last August  —  Other new offerings include a new “brand impact” metric and a new video generation tool that helps advertisers create high-quality …
The Wrap:
Sources: Javier Guzman, a CBS Evening News senior broadcast producer, was dismissed on Jan. 7 from his position, just days into Tony Dokoupil's tenure as anchor  —  Javier Guzman stepped into his role as senior broadcast producer for the news program back in August
Michael M. Grynbaum / New York Times:
NY Mayor Zohran Mamdani invited dozens of “new media” figures to City Hall for a tour and private news conference while excluding legacy media outlets like NY1  —  It was a standard-issue tour of New York's City Hall, although the docent seemed smoother, and hipper, than most.
Mark Stenberg / Adweek:
Beehiiv CEO Tyler Denk says the newsletter company plans to double the size of its ad product and operations team in H1 2026; its full staff is now ~110 people  —  Beehiiv is expanding its in-house advertising operation as it looks to scale a business that has become an increasingly important revenue stream …
Discussion: Variety
 
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 More News: 
Ivan L. Nagy / Columbia Journalism Review:
Experts examine the potential effects of the end of the Corporation for Public Broadcasting: one sees opportunity and another sees a catastrophic event
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
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Polymarket agrees to supply Dow Jones outlets like the WSJ and Barron's with prediction market trading data for online and in print, its first media partnership