Headlines
Warner Bros. Discovery rejects Paramount's hostile bid, calls offer 'illusory'
Warner Bros. Discovery’s (WBD) board of directors has rejected the $108 billion hostile takeover bid from David Ellison’s Paramount Skydance, calling the offer “illusory,” and saying that Paramount had misled shareholders about its financing.
E.W. Scripps Rejects Sinclair Takeover Bid
In response, Sinclair has urged the board "to engage with us regarding our proposal. We believe Scripps’ shareholders deserve a full and fair evaluation" of the proposal
Mergers & Acquisitions
Jared Kushner Pulls Out Of Paramount’s Hostile Bid For Warner Bros. Discovery
The amount Kushner’s Affinity Partners was contributing to the offer was not disclosed in Paramount’s latest SEC filings. Paramount’s bid is still backed by wealth funds run by three governments in the Persian Gulf, widely reported as Saudi Arabia, Abu Dhabi and Qatar.
Station Trading Roundup: 3 Deals, $97,000
The purchase of KPJC-LD San Francisco by Major Market Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
Television
Exclusive Interview with Nexstar Chairman and CEO Perry Sook
Nexstar Media Group Chairman and CEO Perry Sook is visiting Washington, D.C., this week to meet with policymakers in an effort to gain support for his plan to acquire TEGNA’s 64 TV stations.
Second Circuit revives antitrust war between DirecTV and Nexstar
DirecTV on Tuesday won its bid to revive a 2023 antitrust lawsuit against Nexstar and two other TV station distributors, which DirecTV claims unlawfully conspired to raise fees to air their programming.
Digital
Local Advertisers are Competing with National Brands...and Winning (Video)
According to Peter Jones, Vice President of Revenue at CTV advertising platform, Premion, small and midsize businesses that once couldn't afford premium streaming inventory or sophisticated targeting across CTV (connected TV), now have access to the same tools, data, and measurement capabilities as larger national brands.
FCC
FCC’s Carr To Face Senate Questioning For First Time Since Kimmel Controversy
The chairman will appear Wednesday before the Senate Commerce committee for an oversight hearing that will also include the FCC’s two other commissioners, Olivia Trusty and Anna M. Gomez.
John C. To FCC: Loosen Radio’s Ownership Caps
The deadline to files comment on the FCC’s long-delayed 2022 Quadrennial Review of its ownership rules for broadcast radio and television is here.
Media
Broadcast Jobs Edge Lower In November Even As Media Hiring Fluctuates.
The broadcast job market continues to wobble between small gains and declines in 2025, with the latest update from the government showing November brought a dip in the number of people working across the overall sector.