Deals & M&A
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Jeff Shell Out as Paramount Skydance President
The media giant has been conducting an internal investigation into claims brought against the executive by whistleblower and Las Vegas gambler R.J. Cipriani
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Paramount Confirms Middle East Sovereign Wealth Fund Investment to Back Warner Bros. Deal
The David Ellison-owned media giant says their participation is an “important milestone” in the $110 billion deal
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Fox Corp, Kalshi Strike Deal to Bring Prediction Data to TV, Streaming
The move follows Kalshi’s partnerships with CNN and CNBC, as media companies lean into prediction market data
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Paramount Secures $24 Billion Commitment From Middle East Sovereign Wealth Funds for Warner Bros. Deal
Saudi Arabia’s Public Investment Fund will provide roughly $10 billion
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State AGs Are Pushing Back Against Media Consolidation. Is It Too Late?
Experts told TheWrap that Nexstar-Tegna’s temporary restraining order could embolden the states to pursue a legal fight against Paramount-Warner Bros.
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Deals & M&A
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Versant Acquires AI-Powered Financial Insights Firm StockStory
Versant says the deal will strengthen CNBC’s ability to provide real-time, data-driven insights to investors
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WME Sells 160over90 to Publicis Groupe for Over $500 Million
The sports marketing firm has worked on activations for global brands, including the NFL’s Super Bowls, the Olympic Games, the World Cup and more
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Nexstar Says It Can’t Fully Comply With Tegna Merger’s Temporary Restraining Order
The company said it took actions at closing that can’t be reversed and that the order creates “immediate operational harm”
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Sens. Ted Cruz, Maria Cantwell Raise ‘Serious Concerns’ Over Nexstar-Tegna Merger in Letter to Brendan Carr
The Senate Commerce Committee leaders criticize the FCC chair for approving the merger without a vote from the full commission
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Nexstar Stock Falls Over 8% After Judge Pauses Tegna Merger
An April 7 hearing has been set to determine whether the $6.2 billion deal violates antitrust law and will require a preliminary injunction to stop it
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How the Iran War Could Squeeze Hollywood’s Middle East Cash Pipeline | Analysis
Experts warn a prolonged conflict could drive up costs and slow the flow of future investments
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Business
Available to WrapPRO members
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Judge Pauses Nexstar-Tegna Merger Over DirecTV Lawsuit
Nexstar and Tegna closed its deal last week after nabbing FCC approval
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Warner Bros. Discovery Sets Paramount Merger Shareholder Vote
Shareholders of record are set to vote on the $110 billion deal during a special meeting on April 23 at 10 a.m. ET
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Brendan Carr Says Gavin Newsom’s Nexstar-Tegna Opposition Is Driven by ‘Liberal Hollywood Donors’
“Gavin Newsom isn’t standing up to me for any legitimate interest,” the FCC chairman adds
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Los Angeles County Board of Supervisors Greenlights Economic Analysis of Paramount-WBD Merger
The study will be conducted by the Department of Economic Opportunity, who will report back in 60 days with an interim update and 120 days with final findings and recommendations
