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7:30 AM 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  —  But the roiling M&A tide, with Paramount suddenly in a position to possibly hijack a planned Netflix transaction, is top of mind on Wall Street amid WBD's latest financials.
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.
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 …
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 …
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  —  Considered an “author's publisher” at Random House and then Penguin, she cultivated the careers of dozens of celebrated novelists and nonfiction writers.
Alexandra Bruell / Wall Street Journal:
Sources: WaPo lost $100M+ in 2025, after losing ~$100M in 2024 and $77M in 2023; its publisher told staff that expenses surpassed revenue between 2022 and 2025  —  The company recently cut staff by 30% as it looks to refocus its coverage  —  The Washington Post lost more than $100 million last year …
Discussion: @pkafka and @alexbruell
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  —  The Warner Bros. board of directors said on Tuesday that no final decision has been made.  If Paramount gets the nod …
RELATED:
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
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
 
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 More News: 
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
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
 Earlier Picks: 
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
 

 
From Techmeme:

Ian King / Bloomberg:
Nvidia reports Q4 revenue up 73% YoY to $68.13B, above $66.21B est., Data Center revenue up 75% YoY to $62.3B, and forecasts Q1 revenue above estimates

Jonathan Stempel / Reuters:
New York's AG sues Valve over its use of loot boxes, accusing the game developer of violating state gambling laws and threatening to addict children to gambling

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
 
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