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7:05 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, New York Times, CNN, New York Times, ir.netflix.net, Variety, BBC, Business Insider, Deadline, Variety, Wall Street Journal, Deadline, Politico, Warner Bros. Discovery, Inc., Rock, Paper, Shotgun, Axios, MacRumors, The Mac Observer, New York Times, Wall Street Journal, GamesIndustry.biz, Bloomberg, Benzinga, Paramount, Adweek, Puck, @yashar, @pkafka, @tailschannel.com, @danprimack, @katieporterca.bsky.social, @djlink.bsky.social, @amitisinvesting, Neal Rothman on LinkedIn, Sports Business Journal, @ggreenwald, Cord Cutters News, Fincrypt, @zck, Walter Delph on LinkedIn, International Business Times, @jason, @brianstelter, Nairametrics, @kennysmith.org, @brianstelter, @mgsiegler, Forbes, @cgasparino, @yashar, @mgsiegler, Wrestling Inc., @adamjohnsonchi, @sarafischer, The Sun Malaysia, @kevdgrussing.bsky.social, Reuters, @lucas_shaw, @film_girl, @darnell@one.darnell.one, @stevemullis.net, Barrett Media, Inc, @sarafischer, @great_katzby, New York Post, @leehepner, PocketGamer.biz, Sergio Pizzolante on LinkedIn, @johngcole.bsky.social, @cgasparino, @namcohistory.bsky.social, The Week, Eric Deggans on LinkedIn, @jbz@indieweb.social, Media Matters for America, @profpaulnary, @sarafischer, Bounding Into Comics, @breakify.bsky.social, @politicalamericans …, @sarafischer, @howardlindzon, Juan P. Delgado on LinkedIn, @brianstelter, @davepell.bsky.social, Yahoo Finance, Breitbart, Sportico, Mediaite, Gamereactor UK, Cageside Seats …, /Film, Animation Magazine, NewsMax.com, TechCrunch, Comic Book, Semafor, CBS News, @harrymccracken.com, Superman, The Hill, Nerdist, CinemaBlend, Newser, The Wrap, @mikerugnetta.com, StreamTV Insider, Straight Arrow News, @urocklive1.bsky.social, Raw Story, DayOne, 9to5Mac, @joeo10@mastodon.sdf.org, @jgo4justice.bsky.social, Investor's Business Daily, @blakestacey.myatproto.social, @jakevig.bsky.social, @chrislhayes.bsky.social, @notaaroncraig.bsky.social, Washington Examiner, NPR, Dow Jones Newswires, Fortune, @knoebel.bsky.social, Just The News, The Hill, @mgsiegler.com, TV Tech, @donmoyn.bsky.social, Los Angeles Times, NBC News, World of Reel, Joe.My.God., The Independent, Talking Points Memo, The Verge and r/Journalism, more at Techmeme »
RELATED:
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 …
Arijeta Lajka / New York Times:
An analysis of 1,000+ YouTube Shorts videos recommended to kids: the algorithm pushes bizarre, often nonsensical, AI-generated videos, and many lack disclosures  —  Experts caution that low-quality, A.I.-generated videos on YouTube geared toward children often feature conflicting information …
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 …
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.
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
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 …
Jeremy Barr / The Guardian:
Netflix plans to debut Dynasty: The Murdochs, a four-part docuseries about Murdoch's rise and court battle over control of his media empire, on March 13  —  ‘Dynasty: The Murdochs’ will debut on the streamer on 13 March  —  The real-world drama that is said to have inspired the hit HBO show Succession …
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 …
RELATED:
Kayla Cobb / The Wrap:
WBD says it plans to expand its crackdown on HBO Max password-sharing around the world, after starting enforcement in August 2025
 
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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
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
 Earlier Picks: 
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
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
 

 
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

CNBC:
OpenAI raised $110B at a $730B pre-money valuation, up from $500B in a secondary financing in Oct.; Amazon invested $50B, Nvidia and SoftBank invested $30B each
 
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