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11:40 AM ET, January 20, 2026

Mediagazer

 Top News: 
Todd Spangler / Variety:
Netflix and WBD say Netflix revised its WBD offer to an all-cash deal for $27.75/share, with the same $82.7B value; its original bid had $59B in debt financing  —  Netflix and WBD announced Tuesday that they amended their definitive agreement for Netflix's proposed acquisition of Warner Bros. assets …
Clare Malone / New Yorker:
A profile of Bari Weiss and an in-depth look at her hostile takeover of CBS News; a source says Weiss has said she is pursuing a “de-Baathification of CBS”  —  The network's new editor-in-chief has championed a press free from élite bias, while aligning herself …
RELATED:
Washington Post:
CBS airs 60 Minutes' CECOT segment, which Bari Weiss shelved in December as it lacked an on-camera interview with a Trump official, without such an interview
Isabella Simonetti / Wall Street Journal:
CBS News airs the delayed 60 Minutes CECOT segment with new introductory and closing remarks; the core of the piece was untouched
Sarah Perez / TechCrunch:
Similarweb: Threads had 141.5M DAUs on iOS and Android as of January 7, driven by Instagram promotions, while X had 125M DAUs; X continues to lead on the web  —  A report from market intelligence firm Similarweb suggests that Meta's Threads is now seeing more daily usage than Elon Musk's X on mobile devices.
Kerry Flynn / Axios:
Pitchfork launches a $5 per month or $50 per year subscription that lets readers comment on reviews, rate albums, and access its archive of 30,000+ reviews  —  Pitchfork is launching a new subscription that lets readers comment on reviews, rate albums themselves and access its full archive …
Jaspreet Singh / Reuters:
Beehiiv expects to nearly double its annual revenue to $50M in 2026; it has 40K+ MAUs, including 15K paying subscribers; 1 in 7 new writers come from Substack  —  Beehiiv expects to nearly double annual revenue to $50 million this year as the newsletter startup challenges larger rival Substack …
Lucas Shaw / Bloomberg:
Source: Peter Chernin is in negotiations to sell his independent studio, North Road, to French media company Mediawan in a deal worth $700M to $1B  —  Peter Chernin is in talks to sell his independent production company  —  Hollywood is on the verge of a real estate crash.
Discussion: FlatpanelsHD
Meredith Klein / Meredith & The Media:
Q&A with Josh Sternberg, executive editor at Morning Brew, about leading Morning Brew's editorial strategy, the ever-changing media landscape, and more  —  This week, I sat down with Josh Sternberg, executive editor at Morning Brew.  — Did you always want to be a journalist?
Discussion: Talking Biz News
Zach Vallese / CNBC:
Sensor Tower: Reels accounted for 50%+ of all Instagram ads in 2025, up from 35% in 2024; Reels accounted for 46% of time spent on Instagram in the US in 2025  —  More than half of all ads on Meta's Instagram ran in the service's short-form video Reels product in 2025, up from 35% in 2024 …
Discussion: Investing.com and @whoa-magic.lol
Jess Weatherbed / The Verge:
Sony and TCL sign a non-binding agreement to spin off Sony's TV and home audio hardware business into a new joint venture, aiming to finalize the deal by March  —  The two companies are planning to form a new joint venture that will carry the ‘Sony’ and ‘Bravia’ branding.
 
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 More News: 
Charlotte Tobitt / Press Gazette:
Evening Standard plans to outsource its digital operations to Independent Media effective March 1; the Standard will still publish its weekly print newspaper
Discussion: Financial Times
Saahil Desai / The Atlantic:
As news outlets treat prediction markets like news, especially heading into US elections, every dip and swing in the odds may end up wildly misleading people
Naman Ramachandran / Variety:
India's JioHotstar restructures its subscriptions, adding monthly options and raising prices on some tiers, in response to a shift toward large-screen viewing
 Earlier Picks: 
Reuters:
A UK privacy lawsuit by Prince Harry, Elton John, and others against Associated Newspapers begins, with allegations of phone hacking and illicit data collection
Matthew Keys / TheDesk.net:
Study: local broadcast TV supported 1.5M+ US jobs in 2025 and had a $748B annual GDP impact, with advertising accounting for the largest share at $628B
 

 
From Techmeme:

Mark Gurman / Bloomberg:
Meta unveils Meta Adventurer and Fury glasses, each priced at $299, its first under its own brand, and a $399 Starfire model in collaboration with Kylie Jenner

Zack Whittaker / TechCrunch:
Market intelligence company Klue confirms it has suffered a breach, for which cybercrime group Icarus takes credit; Jamf, HackerOne, and others are affected

Brian Krebs / Krebs on Security:
On the first day of their trial, two members of Scattered Spider plead guilty in the UK to charges stemming from a 2024 cyberattack on Transport for London
 
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