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4:50 PM ET, February 27, 2026

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 Top News: 
CNN:
CNN employees and viewers have serious concerns about whether Ellison will uphold CNN's editorial independence amid severe political pressure  —  Viewers and readers of CNN might be wondering the same thing that CNN employees are asking right now: What will Paramount's ownership mean?
RELATED:
Bloomberg:
Paramount pays the $2.8B breakup fee owed to Netflix; WBD is expected to announce Friday it signed a deal to be acquired by Paramount; NFLX closes up 13.7%  —  Paramount Skydance Corp. has paid the $2.8 billion breakup fee owed to Netflix Inc. after the streaming company dropped its planned deal …
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.
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 …
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 …
Variety:
The international film community sees Paramount's potential WBD acquisition with optimism for theatrical windows and worry about a reduced number of film buyers  —  Late Thursday night at around 10.30p.m. in London at the world premiere afterparty for Warner Bros.' all-star gothic romance …
Deadline:
One analyst says European regulators are unlikely to block a Paramount-WBD deal; another says it's likely that regulators would slow down the approval process  —  Hollywood's boardroom battle of the decade has ended with P aramount dramatically snatching Warner Bros. Discovery from Netflix.
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
RELATED:
Jeremy Barr / The Guardian:
Memo: another CBS News producer leaves, after 46 years, and says, “We've been told to aim our reporting at a particular part of the political spectrum”  —  Mary Walsh, leaving after 46 years, says staffers told to ‘aim our reporting at a particular part of the political spectrum’
Kristin Robinson / Billboard:
Suno CEO and co-founder Mikey Shulman says the AI music company hit 2M paid subscribers and $300M ARR; pitch deck: it had 1M paid subscribers in November 2025  —  The AI startup reports rapid growth, strong retention rates and rising engagement. … On Wednesday, Suno CEO …
 
 Latest News Finder: 
60 minutes ago
Deadline:
One analyst says European regulators are unlikely to block a Paramount-WBD deal; another says it's likely that regulators would slow down the approval process   Find
81 minutes ago
Bloomberg:
Paramount pays the $2.8B breakup fee owed to Netflix; WBD is expected to announce Friday it signed a deal to be acquired by Paramount; NFLX closes up 13.7%   Find
1½ hours ago
Jeremy Barr / The Guardian:
Memo: another CBS News producer leaves, after 46 years, and says, “We've been told to aim our reporting at a particular part of the political spectrum”   Find
2½ hours ago
CNN:
CNN employees and viewers have serious concerns about whether Ellison will uphold CNN's editorial independence amid severe political pressure   Find
3½ hours ago
Variety:
The international film community sees Paramount's potential WBD acquisition with optimism for theatrical windows and worry about a reduced number of film buyers   Find
4 hours ago
Kristin Robinson / Billboard:
Suno CEO and co-founder Mikey Shulman says the AI music company hit 2M paid subscribers and $300M ARR; pitch deck: it had 1M paid subscribers in November 2025   Find
 
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 More News: 
Anna Nicolaou / Financial Times:
Conde Nast revenue in 2025 was ~$2B, Google accounted for only ~25% of visits to its sites in 2025, and its seven largest brands make up 85% of revenue
Discussion: The Wrap
Christine Wang / Axios:
TMTG says it is in talks to spin off Truth Social into a public company, following the close of its previously announced merger with nuclear fusion startup TAE
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
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
 Earlier Picks: 
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
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:

Axios:
President Trump calls Anthropic a “radical left, woke company” and says he is directing every federal agency in the US to stop using its products

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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