Top News:
Bloomberg:
Sources: Netflix is working on revised terms for its WBD acquisition and has discussed making its offer all cash for the studios and streaming businesses — Netflix Inc. is working on revised terms for its Warner Bros. Discovery Inc. acquisition and has discussed making its offer all cash …
Discussion:
Variety, Wall Street Journal, Awful Announcing, Sports Media Watch, The Information, @annmlipton@esq.social, The Wrap, Investing.com, Barron's Online, @carlquintanilla.bsky.social, The Streamable, The Indian Express, GeekTyrant, PocketGamer.biz, Media Play News, Tech in Asia, The Verge, MediaNews4U, BMI, mxdwn Television, Telecompaper, Benzinga, Advanced Television, Wrestling Inc., GamesIndustry.biz, Dow Jones Newswires, TechCrunch, HotAir, Financial Times, Sharecast, Cord Cutters News, Realscreen and RedState
RELATED:
Lillian Rizzo / CNBC:
In a letter to WBD shareholders, David Ellison says Paramount filed a lawsuit in the Delaware Chancery Court seeking information in its hostile takeover attempt
In a letter to WBD shareholders, David Ellison says Paramount filed a lawsuit in the Delaware Chancery Court seeking information in its hostile takeover attempt
Discussion:
The Motley Fool, The Wrap, VICE, The Movie Blog, Variety, The Post Millennial, AfroTech, Tech Times, @cgasparino, Barron's Online, Hypebeast, Benzinga, Times of India, @brianstelter, @brianstelter, @lucas_shaw, Communicate Online, ANI News, TVNewsCheck, Irish Independent, Ars Technica, Los Angeles Business Journal, The Hollywood Reporter, @johnhudgens.bsky.social, WebProNews, New York Sun, Paramount, CNN, GameSpot, The Information, Deseret News, Gizmodo, Mediaite, Washington Examiner, Variety, Engadget, New York Post, Front Office Sports, Vulture, Awful Announcing, Axios, Associated Press, @stagewrite.bsky.social and Bloomberg
Corbin Bolies / The Wrap:
Source and memos: Politico is laying off 3% of staff, plans buyout offers for Politico Magazine and more, and plans a subscription service for investment pros — While “change is uncomfortable,” global editor-in-chief John Harris tells staff, the moves “also represent continuity”
Discussion:
The Wrap and @maxwelltani
Scott Nover / Washington Post:
A bipartisan bill agrees to provide $653M to USAGM, down from $867M in 2025, but over Trump's $153M request, as part of a package needing Congressional approval — The Trump administration has tried to eliminate funding for the U.S. Agency for Global Media, which oversees VOA.
Jessica Testa / New York Times:
A group of five journalists reboots Gourmet as a worker-owned newsletter, after discovering that Condé Nast had let its trademark on the name lapse in 2021 — The defunct food publication is re-emerging as a newsletter, with new leadership and zero approval from its original owner.
Discussion:
Simon Owens's Media Newsletter, The Wrap, @harrymccracken.com, @kimmaicutler, Gourmet, @inaeoh.bsky.social, @benmullin and kottke.org
Alex Weprin / The Hollywood Reporter:
US BLS data: video and videogame subscriptions and rentals saw inflation of 19.5% in December; cable, satellite, and livestreaming rose 1.1%, same as music subs — Bureau of Labor Statistics data released Tuesday showed that overall inflation cooled in December ... but streaming video prices soared by nearly 20 percent.
New York Times:
Sources: Bari Weiss has privately been deeply frustrated by the negative reaction to her CBS tenure and has blamed subordinates for not stanching the criticism — Her reimagining of “CBS Evening News” is under heavy scrutiny, and even became a punchline on her own network on Sunday at the Golden Globes.
Discussion:
Variety, @knownforms.bsky.social, @grissallia.bsky.social, @faduda.bsky.social, @jtes, @nkulw, @premthakker.bsky.social, @skateintraffic.bsky.social, @callyson.bsky.social, @fraying.bsky.social, @gelbach.bsky.social, @paulrudnickny, The Independent, @doncomer.bsky.social, @vincemancini.bsky.social, @axellycan.bsky.social, @philjamesson.com, @tktk.bsky.social, @waldo.net, @thejeffreport.bsky.social, @dirigojoe.bsky.social, @philjamesson.com, @eclecticbrotha1.bsky.social, Wonkette, @karlbode.com, @derek.bsky.social, New York Sun, @sarahweinman.com, @dylanbyers, @jjschroden.bsky.social, @andreapitzer.bsky.social, @d500998.bsky.social, @andrewhsowards.bsky.social, Mediaite, @cesarsantiago.net, @dumplingmenace.bsky.social, @blakeau19.bsky.social, @sjkamin.bsky.social, @isaacgantwerkmayer …, @adamzherman.bsky.social, @bgrueskin.bsky.social, @cavskermit.bsky.social, @mikecaulfield.bsky.social, @alexshephard.bsky.social, @bostonjerry.bsky.social, @carlquintanilla.bsky.social, @petestaiano.com, @ndhapple.bsky.social, @imnotahrhitter.bsky.social, @craigcalcaterra.bsky.social, @josephzucker.bsky.social, @gwbiscuit.bsky.social, @celebrityhottub.bsky.social, @lons.bsky.social, @snmrrw.bsky.social, @brendelbored.bsky.social, @aklingus.bsky.social, @shuchancellor.online, @katelynburns.com and @whoa-magic.lol
Jake Kanter / Deadline:
Analysis: YouTube surpassed the BBC in monthly audience reach in the UK for the first time in Q4 2025, with 51.9M viewers in December, above the BBC's 50.8M — In an unprecedented moment, YouTube passed the BBC in monthly audience reach figures published by Barb, the UK's official ratings body.
Discussion:
@pimlicat.bsky.social, @scottygb.bsky.social, Telegraph and Cord Cutters News
Naman Ramachandran / Variety:
Lionsgate has sold its South Asian and Southeast Asian streaming operation Lionsgate Play to Rohit Jain, the executive who built the service over eight years — Lionsgate has sold its South Asian and Southeast Asian streaming operation Lionsgate Play to Rohit Jain, the executive who developed …
Discussion:
The Wrap, Media Play News, The Hollywood Reporter and Deadline
Alex Weprin / The Hollywood Reporter:
Fanatics, the Michael Rubin-led sports company, partners with OBB Media to launch Fanatics Studios, starting with a Tom Brady docuseries — The joint venture with OBB Media is launching with a Tom Brady docuseries, a deal to produce the ESPY Awards and deals with LA28, MLB and the WWE.
Richard Sandomir / New York Times:
Scott Adams, creator of the Dilbert comic strip, syndicated to ~2K newspapers at its peak and dropped after he made racist comments in 2023, has died at 68 — His chronicles of a corporate cubicle dweller was widely distributed until racist comments on his podcast led newspapers to cut their ties with him.
Discussion:
Real Coffee with Scott Adams on YouTube, The Hollywood Reporter, Variety, Rolling Stone, TMZ.com, The Guardian, Forbes, The A.V. Club, Hollywood Life, @harrymccracken.com, Salon, NPR, Ars Technica, Mediaite, NewsMax.com, Collider, Notes From The Circus, The Daily Caller, Wall Street Journal, Cord Cutters News, National Enquirer, RedState, SFist, TheGrio, The Virginian-Pilot, Associated Press, NewsNation, ABC7, Entertainment Weekly, The Hill, New York Sun, @john-self.bsky.social, @matt@mastodon.lqx.net, San Francisco Chronicle, Inc.com, TV Insider, The Daily Wire, @tcarmody.bsky.social, Writers Without Money, Comic Book, People, PJ Media, Deadline, Washington Post, KARE-TV, Lawyers, Guns & Money, NBC Bay Area, Fox News, USA Today, Althouse and Just Jared
Erik Hayden / The Hollywood Reporter:
Curtis “50 Cent” Jackson plans to invest $124M on venue space and a production campus in Louisiana; the state agreed to provide $50M in infrastructure funding — The ‘Power’ producer's G-Unit Film & Television has finalized a deal with the state on a development plan for three entertainment venues.
Discussion:
Digital Music News and Los Angeles Times
Corbin Bolies / The Wrap:
The Atlantic sues Google and Alphabet, alleging Google's model of serving ads is a monopoly and that Google falsely claimed its practices would aid The Atlantic — The publisher requests restitution due to Alphabet's “inherently unfair” ad serving practices
Discussion:
Bloomberg Law, The Information, @corbinbolies, MediaPost, Morningstar and The Wrap
