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.
The next round of storms comes as residents are still cleaning up from Tuesday's severe storms.
The Boilermakers won the Big Ten Tournament for the first time since 2023 and the third time overall.
Examiners later determined that she suffered multiple injuries due to assault, and her death was ruled a homicide.
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.
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.
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.
A play inspired by the story of Emmett Till has now been extended twice past its initial run at Collaboraction Theatre in Humboldt Park.
Jennifer Runyon, a Chicago native who became famous as an actress appearing in "Ghostbusters" and "Charles in Charge," died last week.
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
Severe weather threat continues through 9 p.m. CDT, then impactful snow moves in. Meteorologist Kylee Miller is tracking the latest.
While the community is trying to clean up, there's still the worry that it could all come tumbling back down.
Meteorologist Mary Kay Kleist has your 10:30 a.m. First Alert Weather forecast for Sunday, March 15, 2026.
Organizers are also reminding people planning to come out Sunday to pay close attention to parking restrictions and street closures in the area as the parade route fills up. Darius Johnson reports.
Shawna Mizelle reports on the servicemembers, who were killed when a refueling aircraft taking part in operations against Iran crashed in western Iraq on Thursday.
A severe weather threat is in place from 4 p.m. to 9 p.m., with damaging winds as the greatest hazard.
All lanes of the inbound Kennedy Expressway were blocked in the West Loop early Sunday after a crash.
The next round of storms comes as residents are still cleaning up from Tuesday's severe storms.
An on-duty Chicago police sergeant was shot overnight Sunday into Monday while driving in the city's Pullman neighborhood.
The 48th annual South Side Irish Parade stepped off Sunday in Chicago's Beverly neighborhood.
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 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.
Neither team scored until the 81st minute when Cuypers sent a PK into the net after a foul on DC United midfielder Jackson Hopkins.
No. 3 Michigan beat Nick Boyd and No. 23 Wisconsin 68-65 on Saturday to advance to the Big Ten Tournament championship.
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.
The attacker rammed a vehicle into Temple Israel in West Bloomfield and opened fire, but he was the only one killed, law enforcement officials said.
