Paramount to Acquire Warner Bros. Discovery
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Viewers and readers of CNN might be wondering the same thing that CNN employees are asking right now: What will Paramount’s ownership mean?
It’s official. Warner Bros. Discovery is selling itself to Paramount for $31 a share in cash. The companies unveiled their formal agreement on Friday.
Paramount’s possible takeover of Warner Bros. Discovery’s studio and streaming business is sparking loud political and Hollywood pushback. Sen.
A whistleblower who tipped the company's leadership that its president was allegedly leaking confidential info had broached the possibility of a reality show at the studio.
Things in media M&A land continue to move fast with Netflix revealing that it is $2.8 billion richer after receiving the funds from Paramount.
On one hand, viewers can expect a more Trump-friendly CNN now that it will be owned by the media conglomerate known as PSKY. But that doesn't mean that CNN will be automatically transformed into a
Shortly after it became known that Paramount was the apparent victor in the competition to buy CNN's parent company, network president Mark Thompson was compelled to send his staff a note to calm down,
Danny McBride is also writing a separate "G.I. Joe" treatment for the studio.