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12:00 PM 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%+  —  Netflix is walking away from a deal to buy Warner Bros. Discovery's studio and streaming assets after the WBD board on Thursday deemed a revised bid by Paramount Skydance to be superior.
Discussion: The Hollywood Reporter, Wall Street Journal, New York Times, CNN, Variety, ir.netflix.net, NBC News, BBC, The Streamable, Deadline, Business Insider, Variety, Warner Bros. Discovery, Inc., PR Daily, American Prospect, Deadline, Yahoo Finance, UPI, New York Times, Livemint, Entrepreneur, Fast Company, Sports Business Journal, New York Times, @yashar, @wittywebhandle.bsky.social, @pkafka, @djlink.bsky.social, @superwuster, @ggreenwald, @joevanwye, Fincrypt, @jason, @brianstelter, Nairametrics, Marketing Week, @cgasparino, @yashar, @adamjohnsonchi, @lucas_shaw, @film_girl, The Mac Observer, PCMag, @leehepner, The Week, City A.M., @dianabhenriques.bsky.social, Eric Deggans on LinkedIn, @profpaulnary, Tyla, TODAY.com, @sarafischer, @howardlindzon, @michaelscherer, @brianstelter, @mgsiegler, @zck, @great_katzby, @sarafischer, @sarafischer, @amitisinvesting, @sarafischer, @danprimack, @brianstelter, @cgasparino, Media Matters for America, Benzinga, @mgsiegler, American Thinker, @breakify.bsky.social, @katieporterca.bsky.social, Neal Rothman on LinkedIn, @politicalamericans …, @tailschannel.com, Walter Delph on LinkedIn, Juan P. Delgado on LinkedIn, Inc, NBC News, Reuters, @kennysmith.org, @namcohistory.bsky.social, Forbes, @johngcole.bsky.social, Sergio Pizzolante on LinkedIn, @darnell@one.darnell.one, @jbz@indieweb.social, Wrestling Inc., New York Post, PocketGamer.biz, @kevdgrussing.bsky.social, @stevemullis.net, @davepell.bsky.social, Breitbart, Sportico, Mediaite, /Film, Animation Magazine, TechCrunch, Comic Book, Semafor, @harrymccracken.com, Superman, The Hill, Straight Arrow News, The Wrap, @mikerugnetta.com, @urocklive1.bsky.social, Raw Story, Investor's Business Daily, 9to5Mac, @joeo10@mastodon.sdf.org, @jgo4justice.bsky.social, @blakestacey.myatproto.social, @jakevig.bsky.social, @chrislhayes.bsky.social, @notaaroncraig.bsky.social, Washington Examiner, NPR, Dow Jones Newswires, Fortune, @knoebel.bsky.social, The Hill, @mgsiegler.com, TV Tech, @donmoyn.bsky.social, Axios, Los Angeles Times, Adweek, World of Reel, Joe.My.God., The Independent, Bloomberg, The Verge, Daring Fireball and r/Journalism, more at Techmeme »
RELATED:
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 …
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 …
Sara Fischer / Axios:
Since bidding for WBD began in September, its stock price has risen 148% and Paramount raised its bid by 63%, a testament to David Zaslav's dealmaking abilities  —  In repeatedly rebuffing takeover offers from Paramount Skydance, Warner Bros. Discovery's board managed to create one of Hollywood's …
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.
Chris Gardner / The Hollywood Reporter:
Equalpride acquires Condé Nast's LGBTQ+ digital outlet Them, which was launched in 2017 and is led by EIC Fran Tirado  —  On the heels of layoffs, Equalpride CEO Mark Berryhill says, “Adding the ‘Them’ brand accelerates our mission and expands the ways we can champion LGBTQ+ voices year-round."
RELATED:
Chris Gardner / The Hollywood Reporter:
Equalpride, parent company of LGBTQ+ outlets like Out and The Advocate, cuts staff, including the EICs of Pride.com and The Advocate  —  Commenting on the latest round of cuts, a source tells THR, “These brands mean a lot to people, and we need to be telling our stories now more than ever.”
Discussion: The Wrap
Aisha Malik / TechCrunch:
Spotify launches Audiobook Charts in the US and the UK, which will be updated weekly and highlight the top audiobooks overall and by genre  —  Spotify is launching Audiobook Charts for the U.S. and U.K., the company announced on Friday.  Similar to the streaming giant's Music and Podcast Charts …
Discussion: Spotify and 9to5Mac
Marcus Mendes / 9to5Mac:
In an interview, Apple's SVP of Services Eddy Cue says Brazil is Apple TV's second-largest and fastest growing market in terms of subscribers  —  In an interview with Brazilian newspaper Folha de S. Paulo, Cue emphasized Brazil's growing role in Apple TV's global business …
Discussion: MacRumors, Asymco and AppleInsider
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 …
 
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 More News: 
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
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
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
 Earlier Picks: 
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
Discussion: InPublishing
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
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
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
 

 
From Techmeme:

@secwar:
Defense Secretary Pete Hegseth directs the DOD to designate Anthropic as a supply chain risk, barring military contractors from doing business with the company

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

Axios:
Sam Altman says OpenAI shares Anthropic's red lines with respect to AI use by the military, which are “an issue for the whole industry”
 
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