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5:00 PM ET, January 23, 2026

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 Top News: 
New York Times:
ByteDance strikes a deal with a group of non-Chinese investors to create a new TikTok US entity and avoid a federal ban, concluding a six-year legal saga  —  TikTok said on Thursday that its Chinese owner, ByteDance, had struck a deal with a group of non-Chinese investors to create a new U.S. TikTok …
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Jonathan Vanian / CNBC:
Adam Presser, previously TikTok's head of operations and trust and safety, will be the CEO of TikTok USDS Joint Venture; TikTok CEO Shou Chew will be a director  —  TikTok said Thursday that it formed a joint venture that will keep the video-sharing app operating in the United States.
Financial Times:
TikTok's new majority US-owned JV includes investors Oracle, Silver Lake, and Abu Dhabi's MGX, each holding 15%, and Dell Family Office; ByteDance retains 19.9%
Sara Fischer / Axios:
Source: the TikTok US deal values it at just around $14B; TikTok's US entity makes roughly $14B annually in advertising revenues alone, per analyst estimates
Zach Montague / New York Times:
Unsealed court documents show the Trump administration revoked Tufts student Rumeysa Ozturk's visa based on her op-ed in the Tufts Daily student paper  —  Documents unsealed by a federal judge on Thursday include dossiers that investigators prepared on pro-Palestinian student activists before they were targeted for deportation.
Financial Times:
Netflix co-CEO Greg Peters expects Netflix to win WBD, says Paramount's bid “doesn't pass the sniff test” and a “very small” number of WBD holders backed it  —  Co-chief Greg Peters says Netflix is winning Warner Bros shareholder support for a deal that would upend Hollywood
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Ben Thompson / Stratechery:   Q&A with Netflix co-CEO Greg Peters on Netflix's stock roller coaster, viewer engagement, ads, the WBD acquisition, regulation, competition, Hollywood, and more
Sean Hollister / The Verge:
Google says replacing some article headlines with AI-generated ones is now a feature in Discover, but they can be false or fail to highlight new, relevant info  —  It now says AI headlines are a ‘feature,’ not an experiment. … In early December, I brought you the news that Google …
Politico:
A grand jury charged a US government contractor with violating the Espionage Act; DOJ officials say the charges stem from leaks to WaPo reporter Hannah Natanson  —  The federal investigation of Perez-Lugones swept in Natanson last week when the FBI searched her Alexandria, Virginia …
Matthew Belloni / Puck:
Source: Amazon plans to spend $35M+ on marketing Brett Ratner's Melania Trump documentary, which it paid $40M for, huge sums for the medium  —  On top of the $40 million Amazon ponied up for Brett Ratner's docu-hagiography, the studio is spending another $35 million to open it in 27 countries …
Julian Wyllie / Current:
Ohio's WBGU-TV becomes the fourth public TV station or network to end its PBS affiliation, citing 2025's rescission of federal funding  —  Bowling Green State University in Ohio, the licensee of WBGU-TV, announced Jan. 16 that the station will end its PBS affiliation June 30.
Dan Primack / Axios:
Verizon offers $10.99 credits to Fios subscribers in Boston, Pittsburgh, and Providence, RI, to cover the loss of Fox and NBC affiliates amid a dispute with Cox  —  Verizon on Friday offered to refund millions of dollars to cable TV customers in the Boston and Pittsburgh markets who've …
Mia Galuppo / The Hollywood Reporter:
AMC Networks' Sundance Now rebrands from offering scripted TV to airing indie film and festival titles, for $7.99/month, as this year's Sundance Festival begins  —  AMC Networks runs the shingle that previously had scripted TV offerings.  —  As the Sundance Film Festival gets started …
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 More News: 
Ashley Carman / Bloomberg:
British podcasters like Steven Bartlett of The Diary of a CEO are adopting various strategies, including moving to the US, to break into the larger US market
Discussion: Edison Research
 Earlier Picks: 
 

 
From Techmeme:

Bailey Lipschultz / Bloomberg:
Filing: SpaceX aims to raise $75B in its IPO, selling 555.6M shares at $135 each, which would value the company at almost $1.77T

Katherine Blunt / Wall Street Journal:
Google sold $35B in stock in its equity raise this week, up from its planned $30B and taking its total funding to $85B; a source says it contacted ~75 investors

Brendan Bordelon / Politico:
OpenAI diverges from Trump's AI EO in a new policy paper, proposing cyber risk evaluations for advanced AI systems be mandatory and led by CAISI, not the NSA
 
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