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5:55 AM ET, March 2, 2026

Mediagazer

 Top News: 
Nellie Andreeva / Deadline:
Sources: Ted Sarandos and Greg Peters held a town hall to explain Netflix's decision to withdraw from the WBD bid; the town hall excluded a Q&A session  —  With Netflix employees still absorbing the news that the streamer won't be buying Warner Bros. per the two companies' December 5 agreement …
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New York Times:
Sources: WBD staff are bracing for widespread layoffs as David Ellison wants $6B in “synergies”; the internal mood is grim as staff preferred Netflix's proposal  —  It was a Hollywood battle royal, one filled with feints, bruised egos, strategic leaks, boardroom intrigue and old guard vs. new guard tension.
Lucas Shaw / Bloomberg:
Ted Sarandos discusses the scenario planning Netflix did before Paramount's final WBD bid, how if Paramount's deal closes there will be cuts of $16B+, and more  —  When Netflix Inc. dropped out of the bidding for Warner Bros. Discovery Inc. on Feb. 26, the news came as a surprise to many in Hollywood.
Alex Weprin / The Hollywood Reporter:
Paramount agrees to acquire Warner Bros. Discovery, paying $31 per share in cash, giving WBD an enterprise value of $110B  —  Netflix backed away from its $87.2 billion deal on Thursday. … The two companies formally unveiled the deal Friday after Netflix formally bowed out of the running a day earlier …
Dan Gallagher / Wall Street Journal:
Netflix actually won by walking away from the WBD bid, collecting a $2.8B termination fee and driving up the price and debt load of the Paramount-WBD merger  —  King of streaming preserves its business model, while Paramount will have to deal with a massive debt load
Bloomberg:
How Paramount's David Ellison deployed financial backing and political lobbying, including his well-connected chief legal adviser, to beat Netflix and win WBD  —  After the board of Warner Bros. Discovery Inc. concluded a meeting Thursday afternoon, Chief Executive Officer David Zaslav called David Ellison …
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
Ashley Carman / Bloomberg:
Inside the Podcast Business Summit and interviews with Kara Swisher, Adam Friedland, and others about how video podcasts won over audio, paywalls, ads, and more  —  The six biggest takeaways from this week's podcast business summit  —  Welcome back to Soundbite.  This week has been a doozy.
Discussion: Podnews
Jordyn Holman / New York Times:
Q&A with Kickstarter CEO Everette Taylor on modernizing the platform, attracting new creators, managing a fully remote, four-day-per-week workplace, and more  —  Everette Taylor took over Kickstarter at a low moment for the crowdfunding pioneer, which made its name with small projects …
New York Times:
An interview with Rick Ardon and Susannah Carr, who have helmed 7News Perth's nightly TV news for 40+ years and are the world's longest-serving news anchor team  —  On a sunny recent afternoon, Rick Ardon was having trouble picking out the right tie.  —  His first choice was vetoed as …
Nieman Lab:
Q&A with Houston Chronicle executives and local creator Shawn Singh on partnering with creators, who the outlet sees as “freelancers for the digital age”  —  “We are thinking of creators almost as, like, freelancers for the digital age.”  —  Earlier this month …
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?
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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
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’
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.”
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 More News: 
Henry Dyer / The Guardian:
UK minister Josh Simons resigns over allegations that a think tank he led has probed some journalists and falsely linked them to a “pro-Kremlin” network
Ted Johnson / Deadline:
The FCC approves Charter's $34.5B merger with Cox, combining cable, fiber, and cloud units, and taking the Cox name and using Spectrum for consumer business
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
Discussion: TechCrunch
 Earlier Picks: 
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
Aisha Malik / TechCrunch:
Spotify launches Audiobook Charts in the US and the UK, which will be updated weekly and highlight the top audiobooks overall and by genre
 

 
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

New York Times:
Sources: Meta is building a standalone prediction markets app called Arena, which would probably rely on video game-like points instead of money wagers

David Gewirtz / ZDNET:
Anthropic launches Claude Tag, an agentic AI coworker for Slack that can learn context, give suggestions, and more, in beta for Claude Team and Enterprise tiers
 
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