Media

• WBD once again rejects Paramount offer in favor of Netflix deal - Warner Bros. Discovery's board still sees its deal with Netflix as the superior option over Paramount's recently amended hostile offer.
• Katherine Maher of NPR Has Come Out on Top Despite Battles With Trump and the CPB - Katherine Maher has taken an unyielding approach to NPR’s biggest battles — which has sometimes put her at odds with her colleagues in public media.
• Free streaming service Tubi is rivaling major players for viewership. Here's how it's winning - Fox's Tubi outpaced Peacock and HBO Max for share of streaming minutes in Nielsen's November Gauge report.
• Why Warner Bros. Discovery shareholders might opt for Paramount's offer — and why they might not - WBD shareholders must weigh pros and cons of tendering their shares to Paramount for $30 per share. CNBC lays out the arguments on both sides.
• Larry Ellison Personally Guarantees Paramount Bid for Warner Brothers - Mr. Ellison’s personal guarantee is meant to address concerns that the Warner Bros. Discovery’s board had expressed about Paramount’s original offer.
• Paramount guarantees Larry Ellison backing in amended WBD bid - Paramount notably did not increase its bid on Monday, reiterating that it believes the deal is superior to Netflix's.
• Wall Street banked on a flurry of deals under Trump in 2025. It wasn't that simple - Dealmakers expected a flood of M&A to take place in 2025 following the election of President Trump. The number of transactions didn't live up to the hype.
• CNBC's Official College Sports Valuations 2025: Top 75 athletic programs - The programs are worth a combined $51.22 billion, 13% more than the top 75 in last year's rankings.
• Trump Media to Merge With TAE Technologies, a Nuclear Fusion Firm, in $6 Billion Deal - Trump Media & Technology Group, the social media and crypto company part owned by President Trump, said it would help develop a “utility-scale fusion power plant.”
• What's ahead for media in 2026? Anonymous executives make bold predictions - CNBC spoke with 16 anonymous media executives who each gave a bold industry prediction for 2026.