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9:45 AM 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 …
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 …
RELATED:
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.
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 …
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
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.
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  —  Editorial and commercial staff on the Standard website have been told they could be transferred to the owner of The Independent.
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 …
Lucas Shaw / Bloomberg:
Source: Peter Chernin is in negotiations to sell his independent studio, North Road, to French media company Mediawan in a deal worth $700M to $1B  —  Peter Chernin is in talks to sell his independent production company  —  Hollywood is on the verge of a real estate crash.
Discussion: FlatpanelsHD
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
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
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 More News: 
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
Naman Ramachandran / Variety:
India's JioHotstar restructures its subscriptions, adding monthly options and raising prices on some tiers, in response to a shift toward large-screen viewing
Reuters:
A UK privacy lawsuit by Prince Harry, Elton John, and others against Associated Newspapers begins, with allegations of phone hacking and illicit data collection
 Earlier Picks: 
Jack Dunn / Variety:
On Joe Rogan's JRE, Matt Damon and Ben Affleck discuss Hollywood and AI; Damon says Netflix wants movies to restate the plot because viewers are on their phones
Matthew Keys / TheDesk.net:
Study: local broadcast TV supported 1.5M+ US jobs in 2025 and had a $748B annual GDP impact, with advertising accounting for the largest share at $628B
Jeremy Fuster / The Wrap:
With a $1.7B global box office, Disney's Zootopia 2 becomes the highest grossing animated film from a Hollywood studio, behind the Chinese hit Ne Zha 2
 

 
From Techmeme:

Brian Stelter / CNN:
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

Max Hunder / Reuters:
Ukraine says it plans to share nearly four years of combat data, including millions of hours of drone footage, with allies to help train AI models

Cade Metz / New York Times:
Humans&, founded by ex-Anthropic, xAI, and Google staff to build collaborative AI, raised a $480M seed from Nvidia, Jeff Bezos, and others at a $4.48B valuation
 
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