Deals & M&A
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Paramount Hopes to Finalize Warner Bros. Merger as Early as July | Report
The $110 billion deal is on track to close by the third quarter or Sept. 30
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Inside Byron Allen’s Plan to Turn Around BuzzFeed With a Free TV ‘Super App,’ Podcasts, Creators and AI
The Allen Media Group founder also tells TheWrap he’s moving forward with a plan to take over Starz, despite their “stupid” poison pill, and is open to selling more network affiliate stations
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Warner Bros. Discovery Ad Presidents Downplay Paramount Merger Impact on Upfronts: ‘Been Through Change and Challenges Before’
“We don’t flinch, we meet the moment and continue to push forward in your best interest,” co-president Robert Voltaggio tells advertisers
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Elizabeth Warren Uses ‘Severance’ to Explain Why Paramount-WBD Merger Is ‘Bad for Everyone’ | Video
“Listen, I know I don’t want all my movies and TV shows to be controlled by some Trump-aligned dynasty, and that’s why I’m speaking out on this,” the Massachusetts senator says
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Nexstar Skips Long-Term Earnings Forecast With Tegna Deal in Legal Limbo After DirecTV, State AG Challenge
“We believe this is a fight worth having for us, for our industry and for the future of local journalism,” CEO Perry Sook told analysts
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State AGs Send Paramount Subpoenas in Warner Bros. Merger Investigation
The civil investigative demands focus on the Department of Justice’s review of the $110 billion deal and the merger’s “competitive effects”
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HBO Max’s Momentum Sets Up Paramount+ Nicely as Merger Inches Closer
The streaming division saw profits rise 29% as subscribers surpassed 140 million
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Barry Diller Declares He’d ‘Absolutely’ Buy CNN If Given the Chance: ‘I Would Do It Tonight’
“Hopefully before it’s extinct, which, I mean, it’s not gonna be,” the media mogul adds
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FCC Commissioner Demands Close Scrutiny of 49.5% Foreign Investment in Paramount’s Proposed Merger With Warner Bros.
“The American public deserves to know who owns the airwaves that carry their news,” writes Anna Gomez, the lone Democrat on the Federal Communications Commission
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Paramount Focuses on Streaming Tech Transformation as WBD Deal Looms
Paramount+, Pluto TV and BET+ will launch on a unified backend this summer as the $110 billion merger remains on track to close this fall
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Versant Sells SportsEngine to PlayMetrics
The move comes after the company launched a strategic review of the youth sports technology platform in November
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Congressman Urges FCC to Reject Paramount-Warner Bros. Merger’s Middle East Investment
Rep. Sam Liccardo says foreign investors acquiring 49.5% of the combined company’s equity would be “a surrender of American media and infrastructure to the hands of foreign authoritarian regimes”
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The Ledger: Say Hello to Our Finance-Focused Newsletter
Welcome to TheWrap’s cheat sheet on what investors in media and entertainment are thinking about and where the money is flowing
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Paramount Hit With Lawsuit From Subscribers Seeking to Block Warner Merger
“We are aware of the private action filed today in federal district court and are confident that it is without merit,” a spokesperson for Paramount Skydance says