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10:40 PM ET, February 25, 2026

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 Top News: 
Lucas Manfredi / The Wrap:
Paramount reports Q4 revenue of $8.15B, a net loss of $573M, and DTC revenue up 10% YoY to $2.213B; Paramount+ subs reach 78.9M, up 4%  —  But the David Ellison-led media giant posted an overall loss of $573 million in its fourth quarter  —  Paramount+'s revenue grew 17% to $1.84 billion …
Corbin Bolies / The Wrap:
At Semafor's media summit, FCC Chairman Brendan Carr said too much of the national news media is “drastically out of touch with where the American people are”  —  The FCC chairman speaks at Semafor's “Restoring Trust in Media” summit in Washington, D.C.
Matthew Keys / TheDesk.net:
Nexstar lays off on-air staffers at LA's KTLA and New York's WPIX, after similar cuts at WGN in Chicago, as the company pursues a merger with Tegna  —  Nexstar Media Group has issued layoff notices to around a dozen on-air workers at television stations in the country's two biggest TV markets.
Rob Golum / Bloomberg:
A group of 11 state AGs, led by two Republicans, send a letter to the DOJ opposing Netflix's proposed acquisition of WBD, saying it will harm consumers  —  State attorneys general led by two Republicans are raising concerns about the proposed takeover of the Warner Bros. studios by Netflix Inc., saying it will harm consumers.
RELATED:
Yasmin Khorram / Politico:
Sources: Netflix's Ted Sarandos plans to attend White House meetings Thursday, amid the WBD bid battle and after Trump's demand that Netflix fire Susan Rice
Lauren Hirsch / New York Times:
WBD says Paramount's new $31-a-share offer could lead to a better deal than Netflix's, potentially triggering a four-day period for Netflix to revise its bid
Amanda Silberling / TechCrunch:
Edison Research's Share of Ear survey: podcasts have overtaken talk radio for the first time in the US, capturing 40% listening time vs. 39% for radio  —  Podcasts have officially overtaken AM/FM talk radio as the more popular medium for spoken-word audio in the United States, according to Edison Research's Share of Ear survey.
Minho Kim / New York Times:
Sources: in a draft funding agreement, the Trump administration seeks to limit editorial freedom safeguards for two US-funded overseas news outlets  —  Two federally funded newsrooms received a draft funding agreement that could give President Trump's appointees the power to veto their new hires …
Bobby Allyn / NPR:
Kalshi says it has suspended an editor for MrBeast and a former GOP California gubernatorial candidate for insider trading, its first public enforcement action  —  An editor who works for YouTube's biggest creator, MrBeast, has been suspended from the prediction market platform Kalshi …
Matthew Keys / TheDesk.net:
Broadcaster Sinclair reports Q4 revenue of $836M, down 17% YoY, and net income down 38% YoY to $109M, core advertising revenue up 14% to $354M  —  Television broadcaster Sinclair, Inc. reported sharply lower fourth quarter and full-year earnings this week, as the broadcast television owner lapped …
George Winslow / TV Tech:
The FCC seeks comments on how sports rights changes are affecting consumers as more events move to streaming platforms; initial comment deadline is March 27  —  The Media Bureau is seeking comments on such issues as the shift of rights away from free-to-air broadcasts
 
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 More News: 
Charlotte Tobitt / Press Gazette:
Beehiiv CEO Tyler Denk says creators on the platform are generating nearly $5M in collective annual earnings from subscriptions and its ad network
 Earlier Picks: 
Eduardo Suárez / Reuters Institute:
Q&A with Carlos Dada, founder and EIC of the Salvadoran newspaper El Faro, on outlet's impact, covering his country from afar while living in exile, and more
Trishla Ostwal / Adweek:
Koah, which embeds sponsored ads directly into AI chatbots and aims to build an AdSense for AI, raised a $20.5M Series A led by Theory Ventures
 

 
From Techmeme:

Maria Curi / Axios:
Sources: parts of the Trump administration are reigniting efforts to implement de facto bans on foreign open-source models, as Chinese AI models gain momentum

Matthew Sparkes / New Scientist:
Levent Alpöge, a mathematician who works at Anthropic, says he was able to disprove the 87-year-old Jacobian conjecture with the help of Fable 5

Lorenzo Franceschi-Bicchierai / TechCrunch:
Cybersecurity companies say hackers are exploiting vulnerable WordPress versions to take over websites; WordPress patched two critical security flaws last week
 
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