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3:55 PM ET, February 27, 2026

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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%+  —  Netflix is walking away from a deal to buy Warner Bros. Discovery's studio and streaming assets after the WBD board on Thursday deemed a revised bid by Paramount Skydance to be superior.
Discussion: The Hollywood Reporter, Wall Street Journal, New York Times, CNN, Variety, ir.netflix.net, New York Post, NBC News, BBC, Deadline, Business Insider, TechRadar, Variety, BANG Showbiz, Truthout, Benzinga, Alex Kruglov on LinkedIn, The Guardian, Warner Bros. Discovery, Inc., Quartz, Esquire, Investor's Business Daily, Dallas Express, Deadline, American Prospect, @pkafka, Barchart.com, @superwuster, thepeoplesmovies.com, @joevanwye, New York Times, Yahoo Finance, Fast Company, Sports Business Journal, The Streamable, UPI, @lucas_shaw, The Mac Observer, PCMag, @freepress.bsky.social, @dianabhenriques.bsky.social, Cord Cutter Weekly, Tyla, TODAY.com, Livemint, @michaelscherer, @wittywebhandle.bsky.social, Nairametrics, @cgasparino, @profpaulnary, @sarafischer, @brianstelter, @brianstelter, @jason, @yashar, @ggreenwald, @adamjohnsonchi, @howardlindzon, @leehepner, @yashar, @film_girl, @mgsiegler, @zck, @great_katzby, @sarafischer, @sarafischer, @amitisinvesting, @sarafischer, @danprimack, @brianstelter, @cgasparino, The Week, @djlink.bsky.social, @mgsiegler, Entrepreneur, Fincrypt, Eric Deggans on LinkedIn, New York Times, American Thinker, @breakify.bsky.social, @katieporterca.bsky.social, Neal Rothman on LinkedIn, @politicalamericans …, Media Matters for America, @tailschannel.com, Walter Delph on LinkedIn, Juan P. Delgado on LinkedIn, Inc, Taipei Times, NBC News, @kennysmith.org, @namcohistory.bsky.social, Forbes, @johngcole.bsky.social, Sergio Pizzolante on LinkedIn, @darnell@one.darnell.one, @jbz@indieweb.social, Wrestling Inc., New York Post, PocketGamer.biz, @kevdgrussing.bsky.social, @stevemullis.net, @davepell.bsky.social, Breitbart, Sportico, Mediaite, /Film, Animation Magazine, TechCrunch, Comic Book, Semafor, @harrymccracken.com, Straight Arrow News, Superman, The Hill, The Wrap, @mikerugnetta.com, @urocklive1.bsky.social, Raw Story, 9to5Mac, @joeo10@mastodon.sdf.org, @jgo4justice.bsky.social, @blakestacey.myatproto.social, @jakevig.bsky.social, @chrislhayes.bsky.social, @notaaroncraig.bsky.social, Washington Examiner, NPR, Dow Jones Newswires, Fortune, @knoebel.bsky.social, The Hill, @mgsiegler.com, TV Tech, @donmoyn.bsky.social, Axios, Los Angeles Times, Adweek, World of Reel, Joe.My.God., Bloomberg and r/Journalism, more at Techmeme »
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?
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 …
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 …
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’
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 …
Discussion: Reuters, The Wrap and Deadline
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.
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
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”
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
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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 …
 
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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
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
 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:

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

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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