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Investing.com12h agoneutral
Paramount puts CNN sale on table to settle 12-state antitrust suit

Makan Delrahim made the disclosure at Politico’s California Agenda conference, according to Reuters, signaling that Paramount is willing to go beyond internal safeguards to salvage a deal that has become one of the most politically charged media mergers in years. Warner Bros. Discovery is the publicly traded parent of CNN (NASDAQ: WBD), and the merger’s fate directly determines whether Ellison’s Paramount consolidates control over both CBS News and the cable network.

Paramount Has Discussed Creating a Board to Ensure CNN’s Independence
The Wall Street Journal13h agoneutral
Paramount Has Discussed Creating a Board to Ensure CNN’s Independence

Paramount in recent months has discussed creating an editorial board for CNN and other safeguards to ease concerns over its news operation’s independence, according to people familiar with the situation. Paramount, which owns CBS News, has agreed to buy CNN parent Warner Bros. Discovery for $81 billion. The internal discussions about establishing an oversight committee for news have come up as the company has planned for the deal’s closing, the people said.

Bloomberg3d agoneutral
Barrick Chairman's Planned Overhaul Meets Investor Backlash

(Bloomberg) -- John Thornton appeared ready last year to step down as chairman of Barrick Mining Corp. after a turbulent 12-year tenure. Instead, he seized control from his long-time CEO and is now driving a reinvention of one of the world’s largest gold producers.Most Read from BloombergIran Says Hormuz Deal Close But Its Conditions Must Be MetTrump Amps Up Pressure on Billionaire Sargeant to Exit VenezuelaOpenAI’s New Device Will Be Hockey Puck-Sized and Cost Over $300America’s Cyber Forces Gr

Paramount Skydance Q2 Earnings Call Highlights
MarketBeat5d agoneutral
Paramount Skydance Q2 Earnings Call Highlights

Paramount Skydance (NASDAQ:PSKY) said its second-quarter performance reflected progress in its efforts to expand streaming, rebuild its studios business and reduce costs, while management reaffirmed confidence in the company’s proposed combination with Warner Bros. Discovery. Chairman and Chief Exe

💬 Money Quote: Warner CEO on the Paramount Deal
The Wall Street Journal6d agoneutral
💬 Money Quote: Warner CEO on the Paramount Deal

📣 “We have every expectation the transaction will close.” —Warner Bros. Discovery CEO David Zaslav, speaking to analysts today about Paramount's agreement to buy the company, which has faced legal challenges of late.

UK won't intervene in Paramount's $81 billion takeover of Warner Bros. Discovery
Associated Press6d agoneutral
UK won't intervene in Paramount's $81 billion takeover of Warner Bros. Discovery

British regulators on Thursday gave Paramount the greenlight for its $81 billion takeover of Warner Bros. Discovery, with some new assurances from the company — clearing another hurdle for the mega merger while it still faces challenges elsewhere. The U.K.'s Competition and Markets Authority cleared the pending acquisition, ruling that a Paramount-Warner tie up does not pose a “substantial lessening of competition” in the country. Meanwhile, Britain's Department for Digital, Culture, Media and Sport said it also wouldn't intervene — on the basis of several “legally-binding commitments” from Paramount related to its footprint in U.K. broadcasting and on-demand entertainment.

Paramount Skydance reports mixed second-quarter results
Reuters8d agoneutral
Paramount Skydance reports mixed second-quarter results

Paramount Skydance reported mixed second-quarter results on Tuesday, with higher streaming and studio revenue offsetting declines in television, as the company works to close its ‌planned $110 billion acquisition of Warner Bros. Discovery. Ellison reiterated that ​he fully expects "the transaction to close."

Antitrust Trial Over Paramount-Warner Merger Set for March
The Wall Street Journal8d agoneutral
Antitrust Trial Over Paramount-Warner Merger Set for March

A California federal judge said Tuesday that the antitrust trial will begin March 2 with an expectation that it will run for 12 court days. The timeline the judge laid out in a written order is much later than the November 2026 start date Paramount had sought. The order will prove costly for Paramount.

💬 Money Quote: David Ellison
The Wall Street Journal8d agoneutral
💬 Money Quote: David Ellison

📣 "I believe this fight is not really about market share...The issue is whether I can be trusted as a steward of Warner’s CNN...When it comes to our news operations, I do not aspire to lead these companies to bend their newsrooms to my views.

Bloomberg15d agoneutral
Warner Bros. Deal Collapse Would Cost the Ellisons $9.8 Billion

(Bloomberg) -- Larry Ellison and his family would be on the hook for $9.8 billion if Paramount Skydance Corp.’s deal to buy Warner Bros. Discovery Inc. falls apart.Most Read from BloombergChip Rout Deepens on Circular Funding, China Competition FearsNvidia’s $750 Billion in Deals Reignite Circular AI FearsCitadel Securities Sees Warsh Delivering Surprise Fed HikeApple Set to Make Big Smart Home Push With Siri AI at CenterASML Slides on Report of China Starting DUV Tool ProductionParamount, which