Deals & M&A
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Paramount CEO David Ellison Meets With DOJ to Discuss $110 Billion Warner Bros. Merger
The deal is on track to close by the end of the third quarter, subject to regulatory approval
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‘Drag Race’ Star Peppermint Wishes RuPaul Would Speak Out Against Trump and Ellisons’ Media Takeover | Video
“They will try to either cut ‘Drag Race’ or use it as a tool to parrot what they want to say,” the reality TV star says
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Tegna Names Patrick Paolini CEO Amid Nexstar Merger Litigation
The former Fox Television Stations ad sales boss will take over the role starting June 1
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Democratic Senators Demand FCC’s Brendan Carr Conduct ‘Rigorous’ Review of Foreign Funding in Paramount-WBD Deal
“Paramount’s petition asks for an unprecedented degree of foreign control of U.S. broadcasting,” six Senate Democrats write
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Nexstar Slams Judge’s Injunction Pausing Tegna Merger in Expedited Appeal Request: ‘Inflicts Unrecoverable Harm’
“Worse still, it degrades the very assets it purports to protect,” the multimedia conglomerate argues
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S&P Global Will Lower Paramount’s Credit Rating Even More After Warner Bros. Merger
The firm expects the media giant’s leverage to remain elevated for the next two years and only start to improve in 2028
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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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Business
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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
