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A public example built from today's real top stories across a fixed sample topic mix — Wednesday, February 18

The Digest

Wednesday, February 18 · 4 stories · fixed sample topic mix

In This Issue

  1. Netflix-Warner Bros. Deal Faces Fresh Challenge From Paramount
  2. Film Workers Condemn Berlin Festival's Gaza Silence
  3. Peru ousts interim president over Chinese business meetings scandal
  4. CBS Blocks Colbert Interview With Democratic Candidate Over FCC Rules
Top Story 3 sources

Netflix-Warner Bros. Deal Faces Fresh Challenge From Paramount

Warner Bros. Discovery granted Paramount Skydance a seven-day window (ending February 23, 2026) to submit a "best and final offer" after previously rejecting all Paramount proposals. Netflix granted WBD a limited waiver to engage in these negotiations despite their existing merger agreement, while maintaining a right to match any competing offer. WBD has scheduled a shareholder vote for March 20 to approve the Netflix deal, which Netflix recently sweetened to $72 billion in all cash at $27.75 per share.

The negotiation window creates genuine uncertainty around a transformative $72+ billion entertainment industry deal that would combine Netflix with HBO Max and Warner Bros. Studios. WBD's decision to seriously entertain Paramount's proposal—despite maintaining official commitment to Netflix—indicates shareholder pressure is forcing the company to demonstrate it has maximized value. The outcome will determine the structure of major streaming and traditional media assets, with Netflix's deal including a separate spinoff of Discovery Global if it succeeds.

Netflix CEO Ted Sarandos expressed frustration that Paramount is "flooding the zone with misinformation" and claimed Paramount's regulatory approval path is not faster than Netflix's. Sarandos expressed confidence Netflix will complete the deal but acknowledged the seven-day waiver was granted "in an effort to end the uncertainty." Warner Bros.' letter to Paramount stated it has "not determined that your proposal is reasonably likely to result in a transaction that is superior to the Netflix merger," but invited Paramount to prove otherwise.

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Film Workers Condemn Berlin Festival's Gaza Silence

Over 80 actors, directors, and writers—including Oscar winners Javier Bardem and Tilda Swinton—published an open letter in Variety condemning the Berlin International Film Festival (Berlinale) for institutional silence on Israel's war in Gaza. The letter was triggered by comments from jury president Wim Wenders, who stated the festival should "stay out of politics" when asked about Gaza. The signatories accused the Berlinale of censoring artists who speak out for Palestinian rights and cited examples of filmmakers being "aggressively reprimanded" by festival leadership in previous years.

The letter highlights perceived inconsistency in the festival's approach to geopolitical conflicts—the Berlinale has made public statements on atrocities in Ukraine and Iran but remained silent on Gaza. The signatories argue that filmmaking is inherently political and cannot be separated from moral responsibility. The controversy reflects broader tensions in cultural institutions about how to address the Israel-Palestine conflict, with some artists viewing institutional neutrality as complicity.

Also Worth Noting

Peru ousts interim president over Chinese business meetings scandal

Peru's Congress voted 75-24 on Tuesday to remove interim President José Jerí from office after just four months, following a corruption scandal involving undisclosed meetings with Chinese businessmen. Security footage showed Jerí meeting with businessman Yang Zhihua in clandestine settings, including one December 2025 meeting where he arrived wearing a hood to conceal his identity. Prosecutors have opened a preliminary investigation into alleged influence-peddling, and Jerí also faces scrutiny for allegedly hiring unqualified women who secured government positions after late-night palace meetings. Jerí denies wrongdoing, claiming the meetings were to organize a Peruvian-Chinese festivity and that all appointments were legal.

CBS Blocks Colbert Interview With Democratic Candidate Over FCC Rules

Stephen Colbert announced on air Monday that CBS lawyers prevented him from broadcasting an interview with James Talarico, a Texas Democratic state representative running for U.S. Senate. CBS cited potential violation of the FCC's equal-time rule, which requires broadcast stations to provide comparable airtime to opposing political candidates. Colbert defied the network's alleged instruction not to discuss the matter, publicly criticizing the decision and later posting the interview on YouTube.

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