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7:10 PM ET, January 20, 2026

Mediagazer

 Top News: 
Todd Spangler / Variety:
Netflix and WBD say Netflix revised its WBD offer to an all-cash deal for $27.75/share, with the same $82.7B value; its original bid had $59B in debt financing  —  Netflix and WBD announced Tuesday that they amended their definitive agreement for Netflix's proposed acquisition of Warner Bros. assets …
RELATED:
Bloomberg:
Sources: banks including Wells Fargo, BNP Paribas, and HSBC began selling an extra $8.2B of short-term loans to help Netflix fund its WBD purchase
Discussion: New York Post
Dade Hayes / Deadline:
Netflix's ad revenue hit $1.5B in 2025, up by more than 2.5x vs. 2024, and viewing hours grew 2% YoY in H2, driven by a 9% rise in viewing of branded originals
Caitlin Huston / The Hollywood Reporter:
Greg Peters says Netflix plans to bring new content types like video podcasts to its vertical video feed, and plans to roll out a new mobile UI later in 2026  —  The streamer plans to add video podcasts into its mobile feed and upgrade its mobile user interface.
Discussion: Deadline, Deadline and The Verge
RELATED:
Lucas Shaw / Bloomberg:
Netflix reports Q4 revenue up 18% YoY to $12B vs. $11.97B est., 325M paid subs, 2025 revenue up 16% to $45.2B, plans to increase content spend by 10% in 2026
Alex Weprin / The Hollywood Reporter:
Filings: WBD projects CNN will generate $1.8B in revenue and $600M in adjusted EBITDA for FY 2026; docs show CNN had revenue of $2.2B in 2021 and $1.8B in 2023  —  Warner Bros. Discovery is revealing financial details in connection with its planned spinout of Discovery Global.
Katie Atkinson / Billboard:
Penske Media names Leila Cobo and Jason Lipshutz as co-chief content officers of Billboard, overseeing editorial content and newsroom operations  —  The pair will share oversight of Billboard's editorial content and newsroom operations. … Leila Cobo and Jason Lipshutz have been promoted …
@erikwemple:
The US House Armed Services Committee formally asks the Defense Department how it plans to safeguard Stars and Stripes' congressionally required independence  —  A little followup on the Pentagon's move to “refocus” Stars and Stripes: The House Armed Services Committee has sent a bipartisan query to the Defense Department asking how it plans to safeguard the publication's congressionally required independence, among other questions.
Caitlin Huston / The Hollywood Reporter:
Adobe pledges ~$10M in grants and product donations in 2026 to support filmmakers, including funding creators directly for the first time  —  The software company is launching new partnerships with organizations including Dimoldenberg's Dimz Inc. Academy and Rideback RISE.
Discussion: @davelee.me
Kerry Flynn / Axios:
Pitchfork launches a $5 per month or $50 per year subscription that lets readers comment on reviews, rate albums, and access its archive of 30,000+ reviews  —  Pitchfork is launching a new subscription that lets readers comment on reviews, rate albums themselves and access its full archive …
Rick Porter / The Hollywood Reporter:
Nielsen: Christmas Day 2025 set a record for US streaming usage with 55.1B minutes, or 54% of all TV viewing for the day, beating Christmas 2024 by 3.9B minutes  —  The month of December also marked another all-time high for streaming usage.  —  With three streaming-exclusive NFL games …
Dade Hayes / Deadline:
A jury has found Edo, a TV ad measurement company, liable for breach of contract and says Edo must pay $18.3M in damages to rival iSpot; Edo plans to appeal  —  EDO, an advertising technology firm co-founded by actor and filmmaker Edward Norton, has been found liable for breach of contract by a federal jury.
Cecilia Kang / New York Times:
Snap reaches an agreement to settle a social media addiction lawsuit, a week before the start of a trial in the first of several such lawsuits  —  The settlement means Snap will avoid a trial where plaintiffs had planned to argue that social media platforms are inherently defective and subject to personal injury liability.
 
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 More News: 
Ivan Mehta / TechCrunch:
Netflix adds a real-time voting feature for its Star Search reboot, available on mobile, smart TVs, and streaming devices, but not on a browser
Charlotte Tobitt / Press Gazette:
Evening Standard plans to outsource its digital operations to Independent Media effective March 1; the Standard will still publish its weekly print newspaper
Discussion: Financial Times
 Earlier Picks: 
Jess Weatherbed / The Verge:
Sony and TCL sign a non-binding agreement to spin off Sony's TV and home audio hardware business into a new joint venture, aiming to finalize the deal by March
Meredith Klein / Meredith & The Media:
Q&A with Josh Sternberg, executive editor at Morning Brew, about leading Morning Brew's editorial strategy, the ever-changing media landscape, and more
Discussion: Talking Biz News
Saahil Desai / The Atlantic:
As news outlets treat prediction markets like news, especially heading into US elections, every dip and swing in the odds may end up wildly misleading people
Washington Post:
CBS airs 60 Minutes' CECOT segment, which Bari Weiss shelved in December as it lacked an on-camera interview with a Trump official, without such an interview
 

 
From Techmeme:

Juby Babu / Reuters:
OpenAI rolls out age prediction on ChatGPT globally to identify users under 18 and apply automatic content protections as it prepares to introduce adult content

Alex Heath / Sources:
Demis Hassabis says there aren't “any plans” to put ads in Gemini and, in response to OpenAI testing ads, says “maybe they feel they need to make more revenue”

Jody Godoy / Reuters:
The US FTC files a notice to appeal a November 2025 ruling that found Meta did not hold an illegal monopoly by acquiring Instagram and WhatsApp
 
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