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 …
Discussion:
MediaPost, Semafor, Fox Business, Los Angeles Business Journal, NDTV Profit, Media Play News, PocketGamer.biz, The Wrap, Screen, B&T, Wrestling Inc., adnews.com.au, Mumbrella, Financial Post, Al Jazeera, MS NOW, StreamTV Insider, Washington Examiner, Proactive, GamesIndustry.biz, Associated Press, The Independent, The Standard, BERNAMA, Far Out Magazine, The Streamable, BBC, TTV News, Reuters, Forbes and CNBC
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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
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
The US House Judiciary Subcommittee scrutinizes the WBD-Netflix deal, and Rep. Jamie Raskin expresses concern over Trump's influence on Paramount and Netflix
Discussion:
Global Competition Review, TalkAndroid.com, RealClearPolicy, Reuters, Screen, Irish Examiner and The Wrap
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”
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”
Discussion:
CNBC, Business Insider, Cynopsis, The A.V. Club, CNBC, Ars Technica, The Movie Blog, Variety, Front Office Sports, The Wrap, Media Play News, Vanity Fair, Axios, NBC News, CBS News, Mediaite and The Wrap
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.
Discussion:
Pittsburgh Post-Gazette, USA Today, WTAE, Newspaper Guild of Pittsburgh, @newsguild.org, Michael Sallah on LinkedIn, HuffPost, @freezenet@noc.social, InsuranceNewsNet, Washington Post, @sulliview, Editor and Publisher, John Pastor on LinkedIn, @pghguild, 90.5 WESA, Gina Vensel on LinkedIn, Cablefax, Newser, The Hill, The Wrap, Courthouse News Service, Poynter, Plain Dealer, Angela S. Jones on LinkedIn, Fox News, Dow Jones Newswires, @byerussell.com, Keith Reed on LinkedIn, Stacy Skiavo on LinkedIn, @victorpickard.bsky.social, MLive.com, @stephenthompson.bsky.social, Daily Caller News Foundation, CBS News, Awful Announcing, Barrett Media, @steve@s.yelvington.com, @kevincollier.bsky.social, @lrearick.bsky.social, @colinbwilliams.com, Pittsburgh Magazine, Bloomberg and r/Journalism
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 …
Discussion:
The Wrap, TVBEurope, Variety, TechCrunch, Emily Gimbel on LinkedIn, T3, The Walt Disney Company, Engadget, Digital Trends, The Movie Blog, Tom's Guide, Android Headlines, The Streamable, 9to5Mac, PCMag, Mediaweek, FlatpanelsHD, PCWorld, Los Angeles Times, The A.V. Club, StreamTV Insider, @2xaught7.ing, Adweek, Cord Cutters News, Media Play News, The Hollywood Reporter, The Verge and Collider
Jennifer Maas / Variety:
Roku founder and CEO Anthony Wood predicts “we'll see the first 100% AI-generated hit movie” within three years and discusses Roku's new $3/month Howdy streamer — Roku founder, chairman and CEO Anthony Wood has some big predictions about the pending impact of generative AI on Hollywood …
Discussion:
@lauridonahue.bsky.social, Cord Cutters News, Pocket-lint and TechCrunch, more at Techmeme »
Max Goldbart / Deadline:
HBO Max and RTL+ strike a bundle partnership in Germany ahead of HBO Max's local launch on January 13; RTL's Ad Alliance already handles HBO Max's ad sales — RTL's media sales house Ad Alliance already handles ad sales for the Warner Bros. Discovery (WBD) streamer.
Discussion:
The Hollywood Reporter, Broadband TV News, Advanced Television, Variety, Media Play News, Telecompaper and Tom's Guide
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
Discussion:
Variety, @mexiconews.bsky.social, Suggest, @jeremymbarr, New York Post, The Independent, RADAR, Status and Raw Story
NPR:
Libraries scramble to find another print book provider after Baker & Taylor, once the largest US distributor of print books to public libraries, shuts down — It's been a tough year for public libraries. — In March, President Trump issued an executive order to dismantle the Institute …
Discussion:
Education Week, The Independent, Canadian Press and @glennf.com
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.
Discussion:
The Indian Express and New York Post
Jessica Hopkins / The Athletic:
FIFA says that parts of 2026 World Cup matches will be broadcast live on TikTok and select creators will get access to press conferences and training sessions — Video clips of World Cup games will be broadcast live on TikTok this summer, FIFA said on Thursday.
Discussion:
Advanced Television, MediaPost, CNET, Sports Business Journal, Associated Press, Daily Mail, Variety and MLive.com, more at Techmeme »
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
