Dec 22 (Reuters) - Oracle (ORCL.N), opens new tab co-founder Larry Ellison has stepped in to personally guarantee $40.4 billion in Paramount Skydance's (PSKY.O), opens new tab latest effort to pry Warner Bros Discovery (WBD.O), opens new tab away from selling its prized Hollywood assets to streaming giant Netflix (NFLX.O), opens new tab.
The guarantee, disclosed in a filing on Monday, seeks to allay the Warner Bros board's doubts about Paramount's financing and the lack of full Ellison family backing, which had pushed it toward the competing cash-and-stock offer from Netflix (NFLX.O), opens new tab.
Warner Bros shares closed up 3.5%, while Paramount added over 4%.
Warner Bros said it will review and consider Paramount's revised terms, adding that board is not modifying its recommendation with respect to the Netflix deal.
Netflix did not immediately respond to requests for comment.
Paramount said the amended terms do not change the $30-per-share all-cash offer even as the fight for Hollywood's sought-after assets heats up, with control of Warner Bros' vast library offering a decisive edge in the streaming wars.
The CECOT report is still available on various places on the Internet. Appears CBS is trying to play whack-a-mole to take those down, but the video has gone viral. Some posts I’ve seen stated the video was successfully downloaded by numerous users, which means it may now be far out of CBS’ reach now.
I think she lost the news room before ever really getting control of it.The only person who cares is Bari Weiss. The reporter, producer, and everyone else on the team approved the piece already.
I’m surprised that CBS will go to great lengths to have the story pulled, but I wish them the best of luck trying to have it blocked. The truth needs to be told.
Probably part of it.How much does this have to do with Ellison/60 minutes getting ripped on Truth Social and him not wanting to piss anyone off so he can buy WBD?
The only person who cares is Bari Weiss.
Indeed.The reporter, producer, and everyone else on the team approved the piece already.
If I’m a betting man, I’m taking the over on this being exactly what happened. I don’t think this came from “just” Bari. I just don’t get why media companies just let Trump say what he wants without getting afraid of “whatever” punishment he thinks he can levyProbably part of it.
The only person who cares is Bari Weiss.

From what I understand, CBS (or whoever handles feeding programming to Global) had fed the episode to Global with the segment intact, and apparently didn't get a revised episode. TV viewers in Canada saw 60 Minutes as the US would have seen it had Bari not intervened. Not so much a "leak" as a SNAFU. Of course it's gone viral on the internet with Bari Weiss trying to play whack-a-mole
Did they forget, or did they "forget"?someone at CBS forgot to tell Global Canada to pull that pre-feed of "60 Minutes"
(end of quote)Here’s what I keep thinking about: this is probably the last time CBS will spike a story like this at the last minute.
Not because they’ve learned their lesson or because the backlash will change anything. But because they won’t need to. The dramatic, visible censorship of killing a promoted segment hours before air is embarrassing. It generates headlines. {...}
The smarter approach is to make sure stories like this never get that far in the first place.
This is how censorship actually works in large institutions. It’s not a guy in a uniform stamping “REJECTED” on your script. It’s a thousand small calculations, made by dozens of people, about what’s worth pursuing and what isn’t. It’s a producer deciding not to pitch an investigation because she knows it’ll never get approved. It’s a correspondent not making certain phone calls because he’s seen what happens to colleagues who rock the boat. It’s a desk editor quietly steering coverage away from topics that might cause problems upstairs.
None of this requires memos or meetings or explicit orders. It just requires a few high-profile examples of what happens when you pursue the wrong story. The Alfonsi situation is that example. Every journalist at CBS News now knows that if you spend months working on a segment that makes the Trump administration look bad, it might get killed at the last second by someone who’s never worked in television news and who reports directly to a billionaire with business before the administration.
{...}
Some {...} stories will still get pitched. Some will still get made. CBS will still do critical coverage of the administration sometimes, if only to maintain the pretense of independence. But the calculus has changed. The risk-reward math is different now. And at the margins, that means stories that should get told won’t get told. Not because anyone explicitly killed them, but because they never got started in the first place.
That’s the kill switch working as intended. It doesn’t just stop one segment. It changes the entire editorial culture. It makes self-censorship so routine that nobody even notices it’s happening.
A long piece that reaches some logical conclusions: Bari Weiss Has Thrown the CBS News Killswitch