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6:40 PM ET, February 26, 2026

Mediagazer

 Top News: 
Christopher Palmeri / Bloomberg:
WBD's board determines that Paramount's $31/share offer is a “Company Superior Proposal”, triggering a period of four business days in which Netflix can counter  —  Warner Bros. Discovery Inc. said a new offer from Paramount Skydance Corp. is a better deal for shareholders that the one it agreed to earlier with Netflix Inc.
RELATED:
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 up 9%+ 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 …
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  —  The Athletic is hiring a slew of sports reporters from the Washington Post to expand its coverage of D.C. teams.
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:
Committee to Protect Journalists:
A record 129 press members were killed in 2025, the second consecutive YoY record; Israel was responsible for two-thirds of killings in 2025 and 2024  —  Key findings  — More journalists and media workers were killed in 2025 than in any other year since the Committee to Protect Journalists …
RELATED:
Reuters:
Sources: CNBC is planning an overhaul which will result in nearly a dozen layoffs, including the website's managing editor, and the introduction of a paywall  —  CNBC is restructuring its newsroom to unify its TV and digital operations in a move that would result in nearly a dozen layoffs including …
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 …
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 …
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
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  —  Ozone deal with Microsoft Media Marketplace is first tie-up with buy-side ads platform.  —  Publisher online ad sales coalition Ozone …
Discussion: InPublishing
Harry Davies / The Guardian:
Northern Ireland's police and the Metropolitan police admit to unlawfully obtaining BBC correspondent Vincent Kearney's communications data to identify sources  —  Former Northern Ireland correspondent Vincent Kearney subjected to ‘unprecedented’ surveillance, says lawyer
Nektaria Stamouli / Politico:
A Greek court sentences four people, including spyware maker Intellexa's founder, to prison, for using spyware to target journalists, politicians, and others  —  Greece's “Predatorgate” scandal is one of Europe's biggest political crises over the use of hacking software.
 
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 More News: 
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
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
Annie Bang / Bloomberg:
Instagram is testing Shop the Look, an AI feature that surfaces duplicates of influencers' clothes, angering some who say their image was used without consent
Alexandra Bruell / Wall Street Journal:
Sources: WaPo lost $100M+ in 2025, after losing ~$100M in 2024 and $77M in 2023; its publisher told staff that expenses surpassed revenue between 2022 and 2025
Sam Roberts / New York Times:
Ann Godoff, a top Random House and Penguin Press editor who cultivated the careers of dozens of novelists and nonfiction authors over 30+ years, died at age 76
Daniel Thomas / Financial Times:
The BBC, Sky News, FT, The Guardian, and The Telegraph form the Standards for Publisher Usage Rights coalition to tackle AI “scraping” of journalism
 Earlier Picks: 
Daniel Thomas / Financial Times:
WPP says it plans to cut £500M per year in costs by 2028 and sell non-core businesses, as part of a sweeping overhaul to restore growth after a difficult period
The Guardian:
A Hong Kong appellate court overturns fraud convictions against Apple Daily founder Jimmy Lai, a rare legal victory for the prominent pro-democracy activist
Zack Whittaker / ~this week in security~:
A reporter writes about a visit from the FBI in 2020, following his story about a hack, and the long-term personal impact, along with eroding press freedoms
Matthew Keys / TheDesk.net:
Nexstar lays off on-air staffers at LA's KTLA and New York's WPIX, after similar cuts at WGN in Chicago, as the company pursues a merger with Tegna
Corbin Bolies / The Wrap:
At Semafor's media summit, FCC Chairman Brendan Carr said too much of the national news media is “drastically out of touch with where the American people are”
 

 
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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