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1:35 AM ET, February 27, 2026

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 Top News: 
CNBC:
Netflix walks away from a deal to buy WBD's studio and streaming assets after WBD deemed Paramount's $31/share bid to be superior; NFLX jumps 8%+ after hours  —  Netflix is walking away from a deal to buy Warner Bros. Discovery's studio and streaming assets after the WBD board on Thursday deemed …
Discussion: The Hollywood Reporter, CNN, About Netflix, Variety, New York Times, Business Insider, Wall Street Journal, Variety, Deadline, CNN, BBC, Deadline, Warner Bros. Discovery, Inc., Bloomberg, Puck, New York Times, @lucas_shaw, Forbes, Eric Deggans on LinkedIn, @breakify.bsky.social, @katieporterca.bsky.social, Neal Rothman on LinkedIn, Media Matters for America, Paramount, @tailschannel.com, Walter Delph on LinkedIn, Adweek, New York Post, Reuters, Sports Business Journal, PocketGamer.biz, @yashar, Newser, @pkafka, @danprimack, TV Tech, @blakestacey.myatproto.social, Sportico, @amitisinvesting, @urocklive1.bsky.social, CBS News, @ggreenwald, Yahoo Finance, Cord Cutters News, The Hill, Axios, @zck, @mikerugnetta.com, CNET, @notaaroncraig.bsky.social, @jason, @knoebel.bsky.social, @brianstelter, Los Angeles Times, /Film, @kennysmith.org, NewsMax.com, @brianstelter, Washington Examiner, The Hill, @mgsiegler, TechCrunch, @cgasparino, @yashar, @mgsiegler, Wrestling Inc., @adamjohnsonchi, World of Reel, NBC News, @sarafischer, Comic Book, @kevdgrussing.bsky.social, StreamTV Insider, @film_girl, Semafor, Cageside Seats …, Barrett Media, Inc, CinemaBlend, NPR, 9to5Mac, Animation Magazine, @sarafischer, @great_katzby, Raw Story, @leehepner, @jakevig.bsky.social, @jgo4justice.bsky.social, Sergio Pizzolante on LinkedIn, @johngcole.bsky.social, @cgasparino, Nerdist, @harrymccracken.com, The Wrap, @profpaulnary, @sarafischer, @chrislhayes.bsky.social, Breitbart, Dow Jones Newswires, Mediaite, Fortune, @davepell.bsky.social, @sarafischer, @donmoyn.bsky.social, @howardlindzon, Juan P. Delgado on LinkedIn, @brianstelter, @mgsiegler.com, @joeo10@mastodon.sdf.org, Straight Arrow News, Just The News, Talking Points Memo, Joe.My.God., Benzinga, Spyglass, The Independent, Investor's Business Daily, Anadolu Ajansı … and r/Journalism, more at Techmeme »
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Winston Cho / The Hollywood Reporter:
California AG Rob Bonta says Paramount-WBD “is not a done deal” as CA DOJ “has an open investigation” and the companies haven't “cleared regulatory scrutiny”  —  If the Justice Department and foreign regulators approves the deal, it'll be up to state attorneys general to challenge the merger.
Ted Johnson / Deadline:
US Senator Elizabeth Warren calls a potential Paramount-WBD merger an “antitrust disaster” and questions the influence of the Trump White House on the deal  —  Sen. Elizabeth Warren (D-MA) continued her criticisms of Paramount-Skydance as it is poised to win the bidding …
Ted Johnson / Deadline:
Memo: CNN CEO Mark Thompson urged employees to avoid jumping to conclusions after Netflix pulled out of the WBD deal and to focus on serving CNN's audience  —  That has triggered a new level of consternation at the network, not just because of the every present worries about cutbacks …
Riddhi Setty / Columbia Journalism Review:
The Cleveland Plain Dealer says adding an “AI rewrite specialist” has saved reporters enough time for an extra day to report while producing as many stories  —  Cleveland.com is embracing AI tools, including an AI rewrite desk.  —  In October of last year, Chris Quinn …
Discussion: Fast Company
Jennifer Maas / Variety:
Starz reports Q4 revenue fell to $322.8M vs. $344.5M a year ago, net loss narrowed to $20.7M vs. $31.8M a year ago, and US streaming subs hit 12.7M, up 370K QoQ  —  Starz ended 2025 with things looking up post-Lionsgate split the now-standalone company narrowed its losses to $20.7 million vs. $31.8 million in the comparable Q4 of 2024.
John Koblin / New York Times:
Nielsen: ~32.6M viewers watched Trump's State of the Union address, not including people who watched via streaming; Fox News led with 9M+ viewers  —  The audience was roughly on par with former President Biden's final State of the Union address in 2024.  —  About 32.6 million viewers tuned …
Reggie Ugwu / New York Times:
A look at the appeal of video podcasts for Netflix: they're cheap to produce, may attract viewers interested in topical news, and could fuel Netflix's ad tier  —  The podcasts in the streamer's debut crop, including “The Pete Davidson Show,” have revived metaphysical questions about the definition of the medium.
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.
Madeline Coleman / The Athletic:
Apple TV will offer Season 8 of Netflix's Drive to Survive F1 docuseries in the US; in turn, Netflix will air Apple TV's Canadian Grand Prix coverage in the US  —  Share full article  —  In a shocking move, Apple TV and Netflix are collaborating with each other this Formula 1 season …
Jill Goldsmith / Deadline:
WBD reports Q4 revenue fell 6% YoY to $9.46B, net loss narrowed 49% to $252M, streaming revenue rose 4% to $2.8B, and streaming subs hit 131.6M, up 3.5M from Q3  —  HBO Max added subscribers and grew revenue. … But it's the roiling M&A tide, with Paramount suddenly in a position to hijack …
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 More News: 
Dominic Ponsford / Press Gazette:
Ozone, a publisher alliance for ad sales representing 500 media brands, signs a deal that makes Ozone's inventory available on the Microsoft Media Marketplace
Diego Ore / Reuters:
Mexican broadcaster TV Azteca, controlled by Ricardo Salinas Pliego, says shareholders approved a voluntary bankruptcy process to restructure company finances
Discussion: Bloomberg
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
 Earlier Picks: 
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
Discussion: Social Media Today
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
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
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
 

 
From Techmeme:

Anthropic:
Dario Amodei says Anthropic cannot “in good conscience” accede to DOD's request to remove safeguards and will work to ensure a smooth transition if offboarded

Annie Palmer / CNBC:
Block says it is laying off 4,000+ of its 10,000+ employees, saying AI tools have changed “what it means to build and run a company”; XYZ jumps 23%+ after hours

Dan Goodin / Ars Technica:
Security researchers detail AirSnitch, a series of attacks that bypass Wi-Fi client isolation, enabling machine-in-the-middle attacks in modern Wi-Fi networks
 
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