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Paramount, California Attorney General in Advanced Settlement Talks
The Wall Street Journal17h agoneutral
Paramount, California Attorney General in Advanced Settlement Talks

Paramount is in advanced settlement talks with California officials aimed at resolving the antitrust lawsuit that stands in the way of the company’s $81 billion deal to acquire rival Warner Bros. Discovery, according to people familiar with the matter. A dozen Democratic-led states led by California Attorney General Rob Bonta sued in July to block the deal on antitrust grounds, arguing that the combination of Paramount and Warner would create too much concentration in the markets for theatrical films and cable television channels.

Paramount Is Today’s Worst S&P 500 Stock on a Warning Against Mega-Merger
Barrons.com2d agoneutral
Paramount Is Today’s Worst S&P 500 Stock on a Warning Against Mega-Merger

Paramount Skydance and Warner Bros. Discovery long-awaited merger has been at a standstill. Barclays analysts led by Kannan Venkateshwar resumed coverage of both stocks, rating Warner Bros at Equal Weight with a $28 price target and Paramount at Underweight with a $8 price target. Venkateshwar said in a research note Thursday that while the proposed $110 billion merger could increase growth potential for the studios, it could introduce massive financial and operational risks that make the stock hard to value, and “a moving target.”

‘60 Minutes’ Returns in a Major Test for New Leadership
The Wall Street Journal10d agoneutral
‘60 Minutes’ Returns in a Major Test for New Leadership

“60 Minutes” creator Don Hewitt had a simple motto for the show: “Tell me a story.” Its new leader, Nick Bilton, is trying to move past a tumultuous period when the show itself was the story. Bilton, a former columnist, author and documentary producer with little experience in television news, was installed by CBS News Editor in Chief Bari Weiss last May as part of a dramatic overhaul of the storied newsmagazine.

TKO (TKO) Raises Guidance As Every Segment Fires At Once
Insider Monkey17d agoneutral
TKO (TKO) Raises Guidance As Every Segment Fires At Once

On August 3, TKO Group Holdings (NYSE:TKO) reported second-quarter 2026 results that topped the prior year across nearly every line and pushed the company to raise its full-year guidance for the second time this year. Revenue climbed 18% to $1.547 billion for the quarter ended June 30, 2026, while net income rose to $303.9 million […]

Paramount Turns to a Heavy-Hitting Lawyer Who Likes Tough Clients
The Wall Street Journal22d agoneutral
Paramount Turns to a Heavy-Hitting Lawyer Who Likes Tough Clients

David Ellison needed more legal muscle. After Paramount suffered a bruising July hearing in its fight with a coalition of state attorneys general trying to block its $81 billion acquisition of Warner Bros. Discovery Ellison picked up the phone and called a lawyer used to hearing from CEOs in a jam: Beth Wilkinson. Wilkinson has successfully defended the National Football League and pharmaceutical giant Pfizer as well as Supreme Court Justice Brett Kavanaugh against accusations of sexual assault in his confirmation hearings, making her a go-to trial lawyer in high-stakes cases.

California AG says no settlement talks scheduled with Paramount
Reuters24d agoneutral
California AG says no settlement talks scheduled with Paramount

California Attorney General Rob Bonta said on Tuesday there are no ‌settlement talks scheduled with Paramount Skydance to resolve the ‌antitrust suit seeking to block the studio's proposed $110 billion acquisition of ​Warner Bros Discovery. Bonta said he canceled a scheduled Monday meeting after details of confidential settlement discussions leaked to the press, which he said was "unacceptable." "If they are willing to clean ‌things up .... and ⁠engage in a way that is sincere and in good faith, we will be where ⁠we always will be with any party in any case that we're involved in, which is happy to meet," ​Bonta said ​at a press conference on ​public safety issues.

Investing.com28d agoneutral
Pentagon removes Stars and Stripes newspaper leadership

Investing.com -- The Pentagon has fired senior leaders at Stars and Stripes, the U.S. military newspaper, including its editor-in-chief and longtime publisher, Reuters reported Friday, citing statements and a source familiar with the matter.

Weibo Q2 Earnings Call Highlights
MarketBeat31d agoneutral
Weibo Q2 Earnings Call Highlights

Weibo (NASDAQ:WB) reported second-quarter 2026 revenue growth of 2% as gains in value-added services offset a modest decline in advertising revenue amid cautious spending by advertisers in several industries. Total revenue for the quarter was $453.8 million, up 2% year over year, though down 4% on

Travis Kelce Teams Up with Publicis to Tame the College NIL Scramble
The Wall Street Journal32d agoneutral
Travis Kelce Teams Up with Publicis to Tame the College NIL Scramble

Publicis Sports is teaming up with Kansas City Chiefs tight end Travis Kelce to tackle the Wild West of college athlete endorsements. The Publicis Groupe unit today announced Tekta, a name, image and likeness business to help brands select, structure and measure partnerships with student athletes and schools. Kelce will serve as an adviser, while the talent management firm that represents him, 3 Arts Sports, steps in as strategic operating partner.