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11:40 PM ET, February 26, 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%+ 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 …
Discussion: The Hollywood Reporter, CNN, About Netflix, Variety, New York Times, Business Insider, Wall Street Journal, Deadline, Variety, BBC, Deadline, Forbes, Bloomberg, Warner Bros. Discovery, Inc., New York Post, Media Matters for America, Sportico, Mediaite, New York Times, /Film, TechCrunch, Walter Delph on LinkedIn, Juan P. Delgado on LinkedIn, Reuters, The Hill, Paramount, Inc, The Wrap, StreamTV Insider, Business Insider, @kennysmith.org, Talking Points Memo, @cgasparino, Adweek, @johngcole.bsky.social, Sports Business Journal, PocketGamer.biz, Yahoo Finance, Breitbart, Comic Book, Semafor, CBS News, CinemaBlend, Barrett Media, NPR, Washington Examiner, @yashar, Newser, @pkafka, @danprimack, TV Tech, @blakestacey.myatproto.social, @amitisinvesting, @urocklive1.bsky.social, @ggreenwald, Cord Cutters News, Axios, @zck, @mikerugnetta.com, CNET, @notaaroncraig.bsky.social, @jason, @knoebel.bsky.social, @brianstelter, Los Angeles Times, NewsMax.com, @brianstelter, The Hill, @mgsiegler, @yashar, @mgsiegler, Wrestling Inc., @adamjohnsonchi, World of Reel, NBC News, @sarafischer, @kevdgrussing.bsky.social, @film_girl, Cageside Seats …, 9to5Mac, Animation Magazine, @sarafischer, @great_katzby, Raw Story, @leehepner, @jakevig.bsky.social, @jgo4justice.bsky.social, Sergio Pizzolante on LinkedIn, @cgasparino, Nerdist, @harrymccracken.com, @profpaulnary, @sarafischer, @chrislhayes.bsky.social, Dow Jones Newswires, Fortune, @davepell.bsky.social, @sarafischer, @donmoyn.bsky.social, @howardlindzon, @brianstelter, @mgsiegler.com, @joeo10@mastodon.sdf.org, Straight Arrow News, Just The News, Spyglass, Joe.My.God., Benzinga, The Independent, Investor's Business Daily, The Verge and r/Journalism, more at Techmeme »
RELATED:
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 …
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 …
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.
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
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:
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 …
Jennifer Maas / Variety:
Starz reports Q4 revenue fell to $322.8M vs. $344.5M a year ago, net loss narrowed to $20.7M vs. $31.8M a year ago, and US streaming subs hit 12.7M, up 370K QoQ  —  Starz ended 2025 with things looking up post-Lionsgate split the now-standalone company narrowed its losses to $20.7 million vs. $31.8 million in the comparable Q4 of 2024.
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  —  The audience was roughly on par with former President Biden's final State of the Union address in 2024.  —  About 32.6 million viewers tuned …
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 …
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
 
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 More News: 
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
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
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
 Earlier Picks: 
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
Discussion: Social Media Today
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
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
 

 
From Techmeme:

Anthropic:
Dario Amodei says Anthropic cannot “in good conscience” accede to DOD's request to remove safeguards and will work to ensure a smooth transition if offboarded

Annie Palmer / CNBC:
Block says it is laying off 4,000+ of its 10,000+ employees, saying AI tools have changed “what it means to build and run a company”; XYZ jumps 23%+ after hours

The Information:
Source: Meta has signed a multiyear deal to rent Google's TPUs to develop new models and has also been in talks to buy TPUs for its data centers as soon as 2027
 
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