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 …
Discussion:
The Guardian, About Netflix, Screen Rant, Advanced Television, Axios, CNN, The Standard, Dow Jones Newswires, CNBC, Reuters, Cord Cutters News, Screen, The Verge, Far Out Magazine, Outlook Business, iPhone in Canada, Forbes, NewsMax.com, Fox Business, Broadband TV News, @sarafischer, @brianstelter, Bloomberg, Barron's Online, The Hollywood Reporter, The Daily Upside, FX Empire and Yahoo Finance, more at Techmeme »
Clare Malone / New Yorker:
A profile of Bari Weiss and an in-depth look at her hostile takeover of CBS News; a source says Weiss has said she is pursuing a “de-Baathification of CBS” — The network's new editor-in-chief has championed a press free from élite bias, while aligning herself …
Discussion:
Poynter, @dinfontay.com, @ethangach.bsky.social, naked capitalism, @jayrosen.bsky.social, TV Insider, @alexbronzini, @justinbaragona.bsky.social, @carlquintanilla.bsky.social, @scarylawyerguy, @zaidjilani, @ericschultz, @djtalkstrash.bsky.social, @elliotkaufman6, @sorayanadiamcdonald.com, @davidklion, @rcobooth, @agoldmund, The Wrap, @nkulw, @tkovach.bsky.social, @brofromanother, @willsloanesq, @claremalone, @nick_field90, @jeremiahdjohns, @brianstelter, @edroso.bsky.social, @robertscotthorton.bsky.social, @seankuhn.bsky.social, @jonahallon, @brianstelter, @brianstelter, @jamellebouie.net, @jimswift.bsky.social, Mediaite, @claremalone.bsky.social and @jaec.bsky.social
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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 — After accusations of “corporate censorship,” CBS aired a postponed “60 Minutes” segment about the CECOT prison that was largely unchanged.
Discussion:
@brianstelter, Deadline, The Guardian, CNN, Salon, Awful Announcing, @ericumansky.bsky.social, Too Much TV Newsletter, TV Insider, Mediaite, @newsguyusa@flipboard.social, @scottnover, New York Times, Forbes, Yahoo Finance, Newsbusters, Newser, The Wrap, Reuters, Filmogaz.com, The Independent, Bloomberg, Fox News, Bleeding Cool News, Variety, Raw Story, Bloomberg Law and The Present Age
Isabella Simonetti / Wall Street Journal:
CBS News airs the delayed 60 Minutes CECOT segment with new introductory and closing remarks; the core of the piece was untouched — CBS News Editor in Chief Bari Weiss's decision to hold the segment in December ignited a firestorm within the network — A “60 Minutes” segment that was held …
Discussion:
CBS News, Associated Press, CNN, Newsbusters, Mock Paper Scissors, Washington Examiner, Yahoo Finance, @jeremymbarr, @banikarim, @60minutes, @60minutes, @60minutes, @mlcalderone, @matthewsitman, @mlcalderone, @dylanbyers, HuffPost, RealClearPolitics, @brianstelter.bsky.social, @brianstelter.bsky.social, @brianstelter.bsky.social, @brianstelter.bsky.social, @brianstelter.bsky.social, @jaymesl.bsky.social, Paramount Press Express, The Hill, Los Angeles Times, New York Post, Raw Story, Mediaite, The Hollywood Reporter and The Wrap
New York Times:
White House Press Secretary Karoline Leavitt told CBS News that President Trump would sue the network if it didn't air his interview with Tony Dokoupil unedited
Discussion:
Deadline, The Guardian, @dagrtnpwrflmrfixit …, Emma Thwaites on LinkedIn, BizPac Review, Baller Alert, The Gateway Pundit, The Indian Express, @susanmcp.bsky.social, @socialmedialab.ca, @doctoralex.bsky.social, RedState, @jayrosen.bsky.social, MS NOW, RADAR, People, TV Insider, @Nonilex@masto.ai, The Independent, Fox News, TMZ.com, @grynbaum, KYMA-TV, @cdarwin@c.im, @newsguyusa@flipboard.social, Too Much TV Newsletter, Just Jared, @bgrueskin.bsky.social, The Hill, IJR, @michaeljstern.bsky.social, Washington Post, @crampell.bsky.social, The Hollywood Reporter, Mediaite, New York Post, @jenk3.bsky.social, The Wrap, Variety, @nickfield.bsky.social, @passantino.bsky.social, @davidrlurie.com, @deanbaker13.bsky.social and @joshsternberg.com
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.
Discussion:
Cord Cutters News and @benmullin
Sarah Perez / TechCrunch:
Similarweb: Threads had 141.5M DAUs on iOS and Android as of January 7, driven by Instagram promotions, while X had 125M DAUs; X continues to lead on the web — A report from market intelligence firm Similarweb suggests that Meta's Threads is now seeing more daily usage than Elon Musk's X on mobile devices.
Discussion:
Engadget, @theandreboso, @wongmjane, @gmiller, The Overspill, @jeremiahdjohns, 9to5Google, WebProNews, @clairlemon, @briannawu, @theandreboso, @aziz0nomics, @aziz0nomics, Social Media Today, @boredelonmusk, @jeremiahdjohns, Proactiveinvestors UK, The Mac Observer, Moneycontrol, @dikaiosvne@threads.com, @thespacemechanic@threads.com, @calbucci@threads.com, @tomgara@threads.com, Android Headlines, MacRumors, PhoneArena, 9to5Mac, Ukrainian National News, The Verge, Digit, @cameronwilson.bsky.social, PYMNTS.com, Analytics Insight, Gizmodo and Irish Independent
Yue Stella Yu / Los Angeles Times:
Gov. Newsom's 2026 budget proposal contains no funding for the California Civic Media Fund, despite a 2024 deal to provide $175M to newsrooms over five years — - 6 min Click here to listen to this article — Gov. Gavin Newsom's budget proposal includes no money for a fund formed last year …
Discussion:
@adamrose.bsky.social and @torrleonard.bsky.social
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 — Staff will transfer on 1 March with option to take redundancy. — Editorial and commercial staff on the Standard website …
Discussion:
Financial Times
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 …
Benjamin Mullin / New York Times:
Sources: Jan Philipp Burgard, Welt EIC and a top Axel Springer editor, was ousted after an investigation into inappropriate behavior toward female employees — Jan Philipp Burgard was one of Axel Springer's most prominent editors, overseeing its influential German broadsheet Welt.
Discussion:
@kakape@mas.to, Michael Lamberty on LinkedIn and Semafor
Zach Vallese / CNBC:
Sensor Tower: Reels accounted for 50%+ of all Instagram ads in 2025, up from 35% in 2024; Reels accounted for 46% of time spent on Instagram in the US in 2025 — More than half of all ads on Meta's Instagram ran in the service's short-form video Reels product in 2025, up from 35% in 2024 …
Discussion:
Investing.com and @whoa-magic.lol
Committee to Protect Journalists:
How Pakistan's government is increasingly using in absentia convictions and arrest warrants against Pakistani journalists living overseas, starting in late 2025 — Pakistan's government has stepped up the use of in absentia convictions and arrest warrants against Pakistani journalists living …
Discussion:
@ikviews and @humanamin
Wall Street Journal:
A profile of Gerry Cardinale, head of RedBird, Paramount's second-largest shareholder, as he lobbies regulators and shareholders to accept Paramount's WBD bid — RedBird's Gerry Cardinale will tell anyone who will listen why the hostile $77.9 billion bid is superior
Discussion:
Gizmodo and Los Angeles Business Journal
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