CNBC’s Julia Boorstin reports on Instagram's new TV app, taking on YouTube.

Meta has announced the launch of Instagram for TV, its first dedicated television app for the Instagram platform. The app will autoplay reels tailored to users' interests and allow exploration of content by category, initially launching without ads but with plans to introduce advertising later.

This development comes as short-form content gains popularity on TV, with YouTube reporting higher TV viewership than mobile. Industry estimates project connected TV ad spending to surpass linear TV ad spending by 2027, highlighting the growing importance of this market for digital platforms.

Meta launches Instagram for TV

We are getting a news alert on Instagram. For that, we'll turn to Julia Boorstin. Hey, Julia. Hey, Carl. Well, Meta's making its first move onto the TV. And Instagram is launching its first Instagram for TV app, taking on YouTube. Instagram for TV will autoplay reels customized based on users' likes. Users can also explore reels and channels based on categories. Now, while Meta says the app will launch without ads, it will eventually add them. Right. Short form content is doing well on TV. People are enjoying watching that content together in their living rooms with friends and family. And we see that from people already mirroring Instagram on their TVs today. So we're hoping to be able to deliver an even better experience for them with Instagram for TV going forward. This follows YouTube's success on TV. It announced in January it had more viewing on TVs than on mobile devices. And viewing on the bigger screen is more valuable for advertisers. In fact, ads on connected TVs can cost two to three times as much as ads on mobile devices. And that's because of the fact that over 90 percent of people complete watching connected TV ads rather than skipping them. Now, Meta is joining YouTube and going after a fast growing market. E-Marketer estimates that 33 billion dollars will be spent on connected TV ads this year compared to 50, excuse me, compared to 50 billion spent on linear TV ads. And E-Marketer projects connected TV ad spending will grow to 43 billion dollars in 2027 and will top TV ad spending. Now, the growth of short form videos on TVs actually has implications for Netflix's battle to buy Warner Brothers Discovery because Netflix is arguing that it's competing not just with the media giants, but also with the social platforms on the same screen in your living room.

U.S. President Donald Trump has followed through on his threat to sue the BBC over a misleading video edit of a speech he made on January 6, 2021, and filed a lawsuit against the media corporation on December 15. He will be seeking 10 billion dollars in damages.

London

Trump sues BBC over misleading video editing of speech

Ukrainian President Volodymyr Zelenskyy says a proposal to end his country's nearly four-year war with Russia are "very workable" and could be finalized within days, but he warns key issues remain.

Kyiv

Ukraine Invasion

Zelenskyy says 'workable' peace plan could be presented to Russia soon

On December 16, the Paris labour court ruled on the long-running dispute between Kylian Mbappé and his former club, PSG. It ordered PSG to pay over 60 million euros to the player in unpaid wages and bonuses.

Paris

Mbappé to be awarded over 60 million euros by PSG, French court rules

Police say the alleged gunmen who opened fire at a Hanukkah celebration in Sydney's Bondi Beach had traveled to Mindanao in the Philippines last month, as investigators probe ties to extremist networks.

Bondi Beach

Islamic State link eyed after Bondi Beach gunmen's Philippine visit

Zelenskyy hails progress with the US during Berlin talks about security guarantees. Europeans vow to protect Ukraine, including via military means, against Russia in the future. But disagreements over territories remain.

Berlin

EU vows to assist Ukraine against future Russia attack at Berlin talks

Australia's prime minister said a mass shooting at a Hanukkah celebration at Bondi Beach appears to have been motivated by ISIS ideology. Meanwhile, mourners flocked to the site to lay flowers and grieve for the people killed, including a 10-year-old child.

Council of the City of Sydney

Bondi Beach shooting motivated by ISIS ideology: Australian PM

Four people have been arrested in California - charged with plotting a series of bombing attacks on multiple targets on New Year's Eve.

California

FBI arrests four over alleged New Year’s Eve bomb plot in California

Police in Rhode Island are searching for a new person of interest following Saturday’s deadly shooting at Brown University. Investigators say the case remains active as authorities work to determine a motive.

Providence

New person of interest sought in Brown University shooting

The son of filmmaker Rob Reiner was arrested on homicide charges after the director of beloved movies like "When Harry Met Sally ..." and his wife were found dead in their Los Angeles home, a police official said on Monday.

Los Angeles

Rob Reiner's son arrested after director and wife found dead

A jury found Brian Walshe guilty of first-degree murder in the death of his wife Ana on New Year's Day in 2023 in their Massachusetts home. Legal analyst Jennifer Roman joins with more details.

Boston

Brian Walshe found guilty of first-degree murder in wife's death

Hong Kong's High Court on Monday (December 15) found pro-democracy campaigner Jimmy Lai guilty of conspiracy to collude with foreign forces and to publish seditious material under a China-imposed national security law that could see him jailed for life.

Hong Kong Island

Hong Kong court finds Jimmy Lai guilty in landmark security trial

Ukrainian President Volodymyr Zelenskyy and U.S. negotiators are meeting in Berlin. As the U.S. grows increasingly pressed to end the four-year war, the peace negotiations continue, with territorial concessions to Russia remaining the "sticking point" for Ukraine.

Zelenskyy offers to drop NATO bid for security guarantees

Police have released a person of interest who was detained in a shooting at Brown University. Two students were killed and at least nine others were injured in the Saturday attack. Tom Hanson spoke with students about the shooting.

Police release person of interest in shooting at Brown University

Ukraine’s President Volodymyr Zelenskiy proposed abandoning NATO ambitions in exchange for Western security guarantees during peace talks in Berlin. The move marks a major shift as Kyiv seeks to end the war with Russia without ceding territory.

Ukraine offers to drop NATO bid at Berlin peace talks

Rob Reiner and his wife, Michele, were found dead Sunday in their Los Angeles home, sources told CBS News, in what police called an apparent homicide. Rob Reiner was 78 and Michele Reiner was 68.

Brentwood

Director Rob Reiner and his wife found dead in their L.A. home

Far-right candidate Jose Antonio Kast wins Chile's presidential run-off, after defeating his leftist opponent.

Santiago

Far-right candidate Jose Antonio Kast wins Chile’s presidential election

The person of interest authorities took into custody in connection with the shooting at Brown University has been identified as Benjamin Erickson. He's a 24 year old, originally from Wisconsin.

Person of interest identified in Brown University shooting

Two alleged gunmen who killed 15 people at a Jewish celebration in Sydney's Bondi Beach were a father and son, police said on Monday, as Australia mourned victims of its worst gun violence in almost 30 years. This video contains graphic images.

Father and son behind Bondi mass shooting, Australian police say

Israel has described a deadly mass shooting at Sydney’s Bondi Beach as an attack on Jews, after gunmen opened fire during a Jewish holiday event, killing at least 11 people.

Israel calls Bondi shooting attack on Jews, urges action on antisemitism

Two gunmen attacked a Hannukah celebration on a Sydney beach Sunday, killing at least 11 people in what Australian Prime Minister Anthony Albanese called an act of antisemitism and terrorism.

Gunmen kill several at Jewish gathering in Sydney's Bondi Beach

Providence police have detained a "person of interest" in connection with the Brown University shooting that left two students dead and another nine people wounded, as the Ivy League school said it had lifted a shelter-in-place order for its campus in Rhode Island.

Police hold person of interest after Brown University shooting

Belarus has freed more than 120 political prisoners in a major thaw in relations with the United States. The releases came in return for Washington lifting sanctions on potash, a key source of revenue for Belarus.

Minsk

Belarus releases 123 prisoners as U.S. lifts sanctions

Washington was still under a state of emergency on Saturday after torrential rains swamped communities. Plus, snow and dangerous cold are falling on some in the Midwest and on the East Coast. Nicole Valdes has more from Washington state.

Deming

Washington under state emergency as rains ease

China's plans for a massive new embassy in the British capital were delayed until January. Construction plans have proven controversial, with some raising espionage concerns. Ramy Inocencio has more from London.

Controversial Chinese embassy construction in London delayed

A United Airlines jetliner lost one of its engines during liftoff from Washington's Dulles Airport bound for Tokyo.

Tokyo

United Airlines flight loses engine during liftoff, sparks brush fire

Thailand says there is no ceasefire with Cambodia, and its military will continue fighting until it faces no further threat. That's despite the US president's earlier announcement that both sides had agreed to stop their attacks. Villages along the border are largely empty, except for a handful of volunteer security guards.

Phnom Penh

Fighting continues along Thai-Cambodia border

U.S President Donald Trump has threatened potential land strikes on Venezuela to target an illegal narcotics trade. Trump says the drugs are arriving on U.S shores and that President Nicolas Maduro is behind it. Maduro has denied the claim.

Caracas

Washington considers Venezuela land assault

King Charles III, who shared his cancer diagnosis with the world in February 2024, announced Friday that he would be scaling back his treatment after his doctors have seen success. The monarch also pushed for people to get early screenings, saying, "Early diagnosis quite simply saves lives."

King Charles to reduce cancer treatments

Belarus has freed more than 100 political prisoners, including a Nobel Peace Prize winner, in exchange for sanction relief on Belarusian potash, a U.S. statement said on Saturday.

Belarus releases political prisoners as U.S. lifts some sanctions

Ukrainian President Volodymyr Zelensky said he visited troops fending off Russian advances near the embattled city of Kupiansk that Moscow claimed to have captured last month, which Kyiv denies.

Breakdown