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12:20 PM ET, February 26, 2026

Mediagazer

 Top News: 
Lucas Manfredi / The Wrap:
Paramount reports Q4 revenue up 2% YoY to $8.15B, a net loss of $573M, and DTC revenue up 10% YoY to $2.213B; Paramount+ subscribers rise 4% YoY to 78.9M  —  But the David Ellison-led media giant posted an overall loss of $573 million in its fourth quarter  —  Paramount+'s revenue grew 17% …
RELATED:
Jill Goldsmith / Deadline:
WBD reports Q4 revenue down 6% YoY to $9.46B, net loss down 49% YoY to $252M, streaming revenue up 4% YoY to $2.8B, and 131.6M streaming subs, up 3.5M from Q3
Committee to Protect Journalists:
A record 129 press members were killed in 2025, the second consecutive YoY record; Israel was responsible for two-thirds of killings in 2025 and 2024  —  Key findings  — More journalists and media workers were killed in 2025 than in any other year since the Committee to Protect Journalists …
RELATED:
Nagham Zbeedat / Haaretz:
Israel bans five Palestinian media outlets, alleging they operate as propaganda or media arms for Hamas without releasing evidence for the claim  —  The platforms were banned under Israel's Counter-Terrorism Law as security officials reportedly allege incitement and links to Hamas.
Kerry Flynn / Axios:
The Athletic hires six former Washington Post sports reporters, including Candace Buckner, after the Post dismantled its sports section earlier in February  —  The Athletic is hiring a slew of sports reporters from the Washington Post to expand its coverage of D.C. teams.
Reuters:
Sources: CNBC is planning an overhaul which will result in nearly a dozen layoffs, including the website's managing editor, and the introduction of a paywall  —  CNBC is restructuring its newsroom to unify its TV and digital operations in a move that would result in nearly a dozen layoffs including …
Discussion: Talking Biz News
Dade Hayes / Deadline:
On Nexstar's Q4 earnings call, CEO Perry Sook says the $6.2B merger with Tegna is on track to close by June 30 and expresses appreciation for Trump's support  —  Nexstar CEO Perry Sook told Wall Street analysts that the company's executives “appreciate the support” of President Trump of the pending $6.2 billion merger with Tegna.
Daniel Thomas / Financial Times:
The BBC, Sky News, FT, The Guardian, and The Telegraph form the Standards for Publisher Usage Rights coalition to tackle AI “scraping” of journalism  —  Coalition, including BBC, Sky News and FT, wants to establish shared standards and licensing frameworks for access
Naina Raisinghani / The Keyword:
Google rolls out Nano Banana 2, aka Gemini 3.1 Flash Image, with faster image generation, advanced world knowledge, and precision text rendering and translation  —  Our latest image generation model offers advanced world knowledge, production-ready specs, subject consistency and more, all at Flash speed.
Frank Dalleres / City A.M.:
The English Premier League CEO says the soccer league is planning to launch streaming service Premier League Plus in Singapore starting next season  —  The Premier League is to launch a streaming platform in Singapore that could pave the way for a global direct-to-consumer “Premflix” product, CEO Richard Masters has confirmed.
Discussion: Financial Times and The Athletic
Daniel Thomas / Financial Times:
WPP says it plans to cut £500M per year in costs by 2028 and sell non-core businesses, as part of a sweeping overhaul to restore growth after a difficult period  —  New chief executive Cindy Rose outlines strategy to restore advertising group to profit growth
 
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 More News: 
Annie Bang / Bloomberg:
Instagram is testing Shop the Look, an AI feature that surfaces duplicates of influencers' clothes, angering some who say their image was used without consent
Sam Roberts / New York Times:
Ann Godoff, a top Random House and Penguin Press editor who cultivated the careers of dozens of novelists and nonfiction authors over 30+ years, died at age 76
Zack Whittaker / ~this week in security~:
A reporter writes about a visit from the FBI in 2020, following his story about a hack, and the long-term personal impact, along with eroding press freedoms
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
 Earlier Picks: 
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”
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
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
 

 
From Techmeme:

Citadel Securities:
Citadel rebuts Citrini's viral article, arguing that AI deployment is constrained by the marginal cost of compute vs. human labor, and needs far more compute

Anthropic:
Anthropic retired Claude Opus 3, its first model to undergo a new “retirement interview” process, and says Opus 3 asked to write weekly essays for a newsletter

CNBC:
Nvidia stock is down 4%+ in intraday trading, as investor concerns around the AI infrastructure boom dampen enthusiasm about its better-than-expected earnings
 
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