Deals & M&A
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Why Talent Agencies Are Hot With Investors
This week’s The Ledger also digs into more M&A deals and the continued saga of Paramount-WBD
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Business
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Paramount-WBD: Block the Merger Coalition Members Urge UK Culture Secretary to Intervene
The U.K. Competition and Markets Authority will decide whether to clear the $110 billion deal or launch a more in-depth investigation by Aug. 7
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Casey Wasserman’s The Team to Sell Full Ownership to Providence Equity
The major investor already owns about 60% of the agency
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Ari Emanuel Urges State AGs to Drop Paramount-Warner Bros. Merger Lawsuit
The WME Group executive chairman says ignoring competition in the streaming market and players like Amazon, A24, Lionsgate, Netflix and YouTube “doesn’t remotely reflect reality”
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Is NBCUniversal Really a Buyer After Comcast Split?
TheWrap explores CEO Mike Cavanagh’s options as he takes the company independent
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Deals & M&A
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SAG-AFTRA Backs WGA, State AG Opposition to Paramount-Warner Bros. Discovery Merger
The guild demands “enforceable safeguards against reduced production by the studios with guarantees of increases in the percentage of productions made in the USA”
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David Ellison Reassures Staffers Paramount-WBD Merger Will Prevail: ‘Let’s Go!’
“We remain highly confident that this transaction does not pose any legal issues, and we will complete it and bring these two companies together,” the CEO writes
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‘We Can Stop It’: Alan Cumming, Benedict Cumberbatch and Benedict Wong Urge UK Leaders to Block Paramount-WBD Merger
“In plain English, that means redundancies, cancelled productions, fewer films commissioned and fewer risks taken,” the actors warn
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Trump Touts Friendly Relationship With the Ellisons Hours After Paramount Delays Warner Bros. Merger
The president also takes a moment to praise CBS News editor-in-chief Bari Weiss for her overhaul at the network
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Why Paramount Delayed Its Warner Bros. Takeover, What the Latest Legal Twist Means | Analysis
With a costly ticking fee looming, Paramount is banking on a speedy trial
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Deals & M&A
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Paramount Agrees to Push Warner Bros. Merger as Far Back as Summer 2027
The state AGs and WGA have withdrawn their requests for a preliminary injunction as they work on a trial start date
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The Paramount-WBD Merger Is on Hold. CNN’s Transformation Isn’t | Analysis
CNN says its strategy hasn’t changed. CEO Mark Thompson’s challenge is keeping it on track
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Journalism
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Paramount-WBD Deal Delayed Again as Judge Extends Restraining Order by 2 Weeks
With Thursday’s ruling, the earliest David Ellison’s deal for Warner Bros. Discovery can close is Aug. 17
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Peacock Finally Turns a Profit Ahead of NBCUniversal Split, But It’s Not Smooth Sailing From Here
Comcast co-CEO Mike Cavanagh warned Wall Street that the streaming service’s profitability would vary quarter to quarter, based on the timing of sports schedules and other content
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Business
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State AGs, DirecTV Accuse Nexstar of Violating Preliminary Injunction With Tegna Board Appointment
They argue that further integration would allow the combined company to “control and raise prices, fire journalists and dominate the broadcast media landscape”
