Netflix drops bid for Warner Bros. Discovery, paving way for Paramount Skydance
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
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Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
Netflix dropped an $83 billion bid for Warner Bros. Discovery. This is now paving the way for a Paramount/Skydance deal.
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
The streaming service is sweetening its offer amid Paramount Skydance's hostile takeover bid for the Hollywood studio.
Warner Bros. Discovery's board again urged shareholders to reject Paramount Skydance's offer, calling it inferior to Netflix's bid
Warner Bros. Discovery's board of directors on Wednesday rejected Paramount Skydance's revised hostile bid, saying that its terms are inferior to the offer from Netflix.
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
Actress Diane Kruger joined CBS News Chicago Monday morning to discuss her new Paramount+ series "Little Disasters," which premieres on Dec. 11.
Paramount Skydance made a $108.4 billion hostile takeover offer for all of Warner Bros. Discovery, an all-cash bid that comes just three days after Netflix agreed to buy a part of Warner Bros. in a deal valued at $82.7 billion.
Paramount announced Monday it has purchased "The Free Press" and named Bari Weiss editor-in-chief of CBS News.
UFC CEO Dana White confirmed plans for a July 4, 2026 fight at the White House to mark America's 250th birthday.
Starting in 2026, UFC will be available on Paramount+
Paramount will become the new home to all UFC events in the U.S., while UFC's CEO says the White House may host a July 4 event broadcast on CBS.
Paramount Global and Skydance Media agreed to merge last year.
CBS will end "The Late Show with Stephen Colbert" and retire "The Late Show" franchise in May 2026, the company announced Thursday.
Paramount has agreed to settle President Trump's lawsuit over a "60 Minutes" interview with Kamala Harris for $16 million, the company announced late Tuesday.
Tom cruise landed in New York's Lincoln Center on Sunday at the center of a blockbuster premiere for a movie as big as it gets.
Paramount Global, the owner of Paramount Pictures and CBS, will merge with a media company founded by David Ellison.
Paramount Global, the owner of CBS News, has made a multibillion-dollar deal to merge with the film production company Skydance Media. To make that possible, Skydance is buying another company, National Amusements, controlled by Shari Redstone, which owns the largest share of Paramount Global.
Paramount said long-time CEO Bob Bakish will leave the company, which is in discussions to explore a sale or merger.
Paramount Pictures just picked director David Katzenberg to helm the film.
Law enforcement officials are in contact with Bell and have deemed him "safe," police said.
CBS announced its 2022-2023 primetime programming lineup of CBS Originals, featuring four new dramas and more.
Three larger-than-life bronze bison statues made a stop at Chicago's Field Museum of Natural History on Monday, and they won't be around long.
Legendary Chicago blues singer and guitarist Buddy Guy took the stage at the Oscars Sunday night, performing alongside the cast of "Sinners."
Amy Madigan, who won the Academy Award for Best Supporting Actress Sunday night, is the daughter of a newsman who helped shape CBS Chicago in the 1960s.
The winter weather that slammed the Chicago area early Monday was not doing any favors for people trying to fly out.
The top 16 seeds in the 68-team field will host first- and second-round games, with the regional rounds being played at two neutral sites for the fourth straight year.
U.S. intelligence has circulated to President Trump's inner circle that Iran's late supreme leader had misgivings about his son replacing him, viewing Ayatollah Mojtaba Khamenei as not very bright.
TSA officers faced their first full missed paycheck Friday.
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
A key City Council committee on Friday backed a $27 million settlement with the family of a mother of six killed in a crash during a high-speed police chase in 2017.
A federal judge has quashed a pair of grand jury subpoenas sent to the Federal Reserve Board as part of a criminal probe by U.S. Attorney Jeanine Pirro's office.
Tenants at a South Loop luxury high-rise that has been plagued with problems like broken elevators are vowing to fight five-day eviction notices.
It's become an annual March Madness tradition at CBS Chicago, pitting our city's best eateries in direct competition in a foodie bracket challenge. We did pizza, we've done Italian beef, we've done Chicago dogs. This year, we're taking flight with wings.
For Cook County residents hoping to lower their property tax bills, applications are open for exemptions.
Officials in the north Chicago suburb of Wilmette issued a warning Tuesday about scammers who are impersonating representatives of village departments.
The war with Iran is causing gas prices to surge, with motorists in Chicago and around the country guaranteed to feel the impact at the pump Monday morning.
A new Iowa law bans local nondiscrimination protections on the basis of gender identity after the state became the first in the U.S. to roll back its civil rights code last year.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
Illinois Gov. JB Pritzker on Monday announced a $1.5 billion investment from biotherapeutics company CSL for a new plasma therapy manufacturing plant in Kanakee.
When a doctor was told there was no cure for his daughter's condition, he was motivated to transform not only her health, but the lives of thousands of others.
Ann & Robert H. Lurie Children's Hospital announced this week that it is planning to open a new pediatric hospital in the west Chicago suburb of Downers Grove.
Despite a rash of restaurant closures, veterans of the plant-based food business pushed back against prophecies of doom — and in one case argued that such closures notwithstanding, plant-based eating is only growing.
Two popular Chicago craft breweries – Half Acre Beer Co. and Maplewood Brewery & Distillery – announced on Tuesday they are merging to create a new "premier Chicago beverage company."
Illinois Gov. JB Pritzker on Monday announced a $1.5 billion investment from biotherapeutics company CSL for a new plasma therapy manufacturing plant in Kanakee.
Capital One is laying off more than 1,100 workers at the former Discover headquarters in north suburban Riverwoods.
A new development at the southeast corner of Chicago's East Lakeview community would clear away a medical office building and replace it with a residential high-rise.
Legendary Chicago blues singer and guitarist Buddy Guy took the stage at the Oscars Sunday night, performing alongside the cast of "Sinners."
Amy Madigan, who won the Academy Award for Best Supporting Actress Sunday night, is the daughter of a newsman who helped shape CBS Chicago in the 1960s.
"One Battle After Another" took home several big awards, including Best Picture, Best Director and the newly created Best Casting.
The acclaimed filmmaker, who died in February at age 96, revolutionized the art of documentaries with such films as "Titicut Follies." In an interview recorded last year, the pioneering Wiseman talked about his unusual production methods aimed at capturing life.
Comedy power couple Nick Offerman and Megan Mullally are starring in the Goodman Theatre's new musical coming this summer.
Meanwhile, Transportation Security Administration lines remain a concern due to the partial government shutdown. Lauren Victory reports.
"One Battle After Another" and "Sinners" both scooped up prestigious awards in the 2026 Oscars, but it was "One Battle After Another" that took home best picture.
Entrepreneurship is on the rise, but building a business can be overwhelming and challenging — with many not knowing where to start. Dr. Deloris Thomas, president of the Joseph Business School in Forest Park, joins Audrina Sinclair with a preview of a business and leadership conference the school is hosting this Friday and Saturday and a discussion of navigating starting a small business.
Amy Madigan, who won Best Supporting Actress for her role in "Weapons" is the daughter of late former CBS Chicago news director and WBBM Newsradio commentator John Madigan.
Darius Johnson reports that conditions have improved as he travels through Downers Grove in the Mobile Weather Lab.
The winter weather that slammed the Chicago area early Monday was not doing any favors for people trying to fly out.
Winter weather slammed the Chicago area early Monday morning, with blizzard warnings in effect for some outlying areas.
Amy Madigan, who won the Academy Award for Best Supporting Actress Sunday night, is the daughter of a newsman who helped shape CBS Chicago in the 1960s.
It's become an annual March Madness tradition at CBS Chicago, pitting our city's best eateries in direct competition in a foodie bracket challenge. We did pizza, we've done Italian beef, we've done Chicago dogs. This year, we're taking flight with wings.
Three larger-than-life bronze bison statues made a stop at Chicago's Field Museum of Natural History on Monday, and they won't be around long.
Attorneys for the family of a woman killed in a crash during a high-speed police chase in 2017 say officers involved failed to activate their body cameras or turned them off during the pursuit.
A new specialized unit is being created to prosecute domestic violence homicides in Cook County, as these killings surged 15% last year, even as overall violent crime declined across Chicago.
After a year of water bill complaints in Lisle, Illinois, the village board is officially moving forward with a plan to review those issues and possibly have the village take over for the private utility that supplies water to part of the village.
Two separate child abuse cases in Lake County, Illinois, are prompting questions about the roles schools play in identifying warning signs and alerting authorities.
A Chicago senior citizen said his phone has been ringing off the hook with hundreds of unwanted spam calls that have made his beloved landline virtually unusable. New efforts in Springfield could bring real relief.
The top 16 seeds in the 68-team field will host first- and second-round games, with the regional rounds being played at two neutral sites for the fourth straight year.
Duke is the top overall seed in the NCAA men's college basketball tournament, with Arizona, Michigan, and Florida also landing on the No. 1 line.
The Boilermakers won the Big Ten Tournament for the first time since 2023 and the third time overall.
For Wheaton College's Tess Boyer, her prowess in the pool isn't the only impressive part of her story.
Vegas' Jeremy Lauzon and Chicago's Ethan Del Mastro were ejected in the third period after receiving roughing and misconduct penalties.
A man was critically injured after he was shot while driving in Chicago's West Humboldt Park neighborhood Sunday night.
A 15-year-old boy was shot and critically wounded this weekend in Joliet, Illinois.
A man stood charged with a hate crime Sunday following an incident at a bakery in the west Chicago suburb of Lombard last week.
A 17-year-old boy was shot and killed Saturday night in the North Park neighborhood on Chicago's Northwest Side.
An on-duty Chicago police sergeant was shot overnight Saturday into Sunday while driving in the city's Pullman neighborhood.
