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12:55 PM ET, December 8, 2025

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 Top News: 
CNBC:
Paramount launches a hostile bid to acquire WBD, offering WBD shareholders $30/share in a $108.4B all-cash deal; sources say WBD rejected the same bid last week  —  Paramount Skydance is launching a hostile bid to buy Warner Bros. Discovery after it lost out to Netflix in a months-long bidding war …
Discussion: Axios, The Guardian, Variety, TV Tech, Paramount Skydance Corporation, TechCrunch, MediaPost, Wall Street Journal, CNN, /Film, Deadline, Reuters, Fox Business, The Streamable, NBC News, The Hill, Business Insider, Dow Jones Newswires, Mediaite, UPI, Thurrott, PCMag, New York Times, Breitbart, WTTG-TV, @brianstelter, Inc.com, Pure Xbox, @mikeisaac, Washington Times, @msignorile.bsky.social, @joecarlsonshow, Michael Quigley on LinkedIn, Gianna Barberia on LinkedIn, Barrett Media, Gizmodo, Mirror US, CBS News, @panda-news.bsky.social, Washington Examiner, Engadget, @kcfennessy.bsky.social, @sherman4949, @sternbergh.bsky.social, @rwmead.bsky.social, @seldo.com, France 24, @lucas_shaw, Canoe, @rosesbloom24.bsky.social, Cord Cutters News, @newsguy.bsky.social, @renegadecut.bsky.social, The Indian Express, @robertscotthorton.bsky.social, MS NOW, @schooley.bsky.social, @stephentotilo.bsky.social, The Information, @kristoncapps.bsky.social, Yahoo Finance, @franciswilkinson.bsky.social, Blockchain.News, @lucas_shaw, Washington Post, @mattmcneilshow.bsky.social, Anadolu Ajansı …, Telegraph, Livemint, Comic Book, The Standard, Entrepreneur, KDFX-TV, Fortune, @danprimack, @laurenshirsch, Business Today, The Independent, Far Out Magazine, Media Play News, @sherman4949, Sharecast, Sports Media Watch, @rabichakra.bsky.social, Associated Press, Quartz, Financial Times, @teroterotero, @alaynatreene, @teroterotero, Straight Arrow News, WPXI-TV, The Post Millennial, MacDailyNews, @sarafischer, @danprimack, @sherman4949, @sherman4949, Screen, Pulse 2.0, @edmundlee, @sherman4949, @sherman4949, @sherman4949, @sherman4949, today.rtl.lu, @markjacob.bsky.social, @brianstelter, @annmlipton@esq.social, @bgrueskin.bsky.social, @figgityfigs.bsky.social, The Verge, World of Reel, Just The News, Jerusalem Post, CBC News, BelfastTelegraph.co.uk, Realscreen and New York Post, more at Techmeme »
RELATED:
Semafor:
Paramount's WBD bid is backfiring in DC; a Trump official says Paramount seems to “believe the worst possible tropes” about corruption in the administration  —  THE SCENE  —  Paramount's aggressive quest for Warner Bros. — which escalated into a hostile $108 billion bid …
Bloomberg:
Paramount secures up to $54B in bridge loan financing, one of the largest of its kind, from Bank of America, Citigroup, and Apollo Global for its WBD bid  —  Paramount Skydance Corp. has lined up as much as $54 billion of financing from Wall Street's biggest firms to help support …
Sara Fischer / Axios:
Filing: Paramount's outside partners for its WBD bid include Saudi Arabia's PIF, Abu Dhabi's L'imad, Qatar Investment Authority, and Jared Kushner's Affinity
Lucas Shaw / Bloomberg:
Sources: Ted Sarandos met with Trump in November, arguing that Netflix wasn't a monopoly; Sarandos agreed with Trump that WBD should sell to the highest bidder  —  Netflix Inc. co-Chief Executive Officer Ted Sarandos ventured to the White House in mid-November for a meeting with President Donald Trump.
RELATED:
Bloomberg:
President Trump says Netflix's WBD deal has “got to go through a process”, its big market share “could be a problem”, and he will be involved in the decision
Financial Times:
Sources: WBD's board wanted a proposal it could sign immediately, and Netflix was the only bidder whose paperwork was fully executable the night of December 4
Committee to Protect Journalists:
After the building fire, Hong Kong summoned AFP, FT, NYT, AP, Bloomberg, and WSJ journalists, telling them to avoid “trouble making”, and arrested a commentator  —  Chinese and Hong Kong authorities must immediately stop harassing journalists, release news commentator Wong Kwok-ngon …
Trishla Ostwal / Adweek:
Sources: Google has told advertising clients that it plans to bring ads to Gemini in 2026, separate from ads in AI Mode  —  Google has told advertising clients in recent days that it plans to bring ads to its AI chatbot Gemini, according to agency buyers familiar with the conversations.
Mark Kleinman / Sky News:
Source: Piers Morgan's YouTube-based venture Uncensored is raising £22.5M from The Raine Group, Theo Kyriakou, and others at a £97M pre-money valuation  —  The US-based merchant bank Raine and Greek media mogul Theo Kyriakou are among the backers of the former Mirror editor …
Discussion: The Wrap, Variety, Barrett Media and Mirror
Alex Weprin / The Hollywood Reporter:
The Academy reports fiscal 2025 revenues of $269.2M, up from $263.1M in 2024, after cutting expenses from $220.1M to $208.1M; Oscars revenue grew to $150.5M  —  “It is so important that we continue to diversify revenue streams and control expenses to allow for a sustainable and impactful future," Academy CEO Bill Kramer tells THR.
Matt Donnelly / Variety:
A look at the auction for the Oscars' TV rights, as sources say Netflix is out, NBCUniversal gains ground, and YouTube and ABC remain active bidders  —  There are eight weeks left on the holy Hollywood awards calendar until Oscar nominations are announced, and it's not just artists and craftspeople hunting for trophies.
Megan Graham / Wall Street Journal:
WPP Media expects global ad revenue, excluding US political ads, to grow 8.8% YoY in 2025 to $1.14T, and says AI investment drives more spending than expected  —  A new report from WPP Media says global ad revenue will reach $1.14 trillion this year  —  Advertising spending will grow …
Max Tani / Semafor:
Source: OpenAI privately complained to NBC News that the author of a story about OpenAI pressuring nonprofits was backed by a nonprofit involved in the story  —  The Scoop  —  Last month, NBC News broke the news that the artificial intelligence behemoth OpenAI had quietly issued a series …
Discussion: @maxwelltani
 
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 More News: 
Variety:
Netflix scores the most 2026 Golden Globe nominations, with 35 nominations across film and TV; Warner Bros. and HBO got a combined 31 nominations
Kerry Flynn / Axios:
Samba TV raised up to $60M in venture debt to scale through acquisitions and new AI-powered measurement tools; Samba previously raised $69M in equity funding
Discussion: TVNewsCheck
Barbara Moens / Financial Times:
The EU says Meta agreed to make changes to its “pay or consent” model in the EU, including ad-lite Instagram and Facebook versions, but “the case is not closed”
 Earlier Picks: 
Kat Tenbarge / Wired:
Some Reddit moderators say a surge of AI slop on the site is eroding its authenticity and could lead to a feedback loop of AI models training on AI content
Pamela McClintock / The Hollywood Reporter:
A look at Paramount's culture shift under David Ellison, where the focus is on male-driven action movies, and not on prestige films seen as critics' darlings
 

 
From Techmeme:

Chris Welch / Bloomberg:
Google says it's working to create two different categories of AI-powered smart glasses: one with screens launching in 2026 and another that's audio-focused

Lauren Thomas / Wall Street Journal:
IBM agrees to acquire data streaming software maker Confluent for ~$11B in cash, above its ~$8B market value as of its December 5 close, paying $31 per share

Bloomberg:
President Trump says he will sign “a ONE RULE” EO on AI “this week” and “you can't expect a company to get 50 Approvals every time they want to do something”
 
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