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.
South Elgin police said no human remains were found at a South Elgin home on Revere Road in the search for missing teen Kianna Galvin, who vanished in 2016.
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
A fiery crash involving a semi truck has shut down lanes on I-55 in Darien, Illinois, early Friday morning.
The funeral for Chicago Police Officer John Bartholomew is today, at St. Andrew's Greek Orthodox church. Bartholomew was killed and a fellow CPD officer was shot at Swedish Hospital by a suspect they were escorting for a CT scan.
A year ago on Friday, Robert Prevost went from a relatively unknown cardinal to the pope, news that shocked and excited Chicago and the world.
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Three of the nation's major scholarly groups challenged the Trump administration's cuts to humanities grants.
Since his second term started, President Trump has introduced a flurry of initiatives aimed at taming the excesses of the pharmaceutical industry.
Chicago Mayor Brandon Johnson and other mayors are asking Illinois lawmakers to increase the share of income tax revenue that goes to local governments.
President Trump had backed challengers to Indiana state senators who voted against his redistricting plan — and on Tuesday, most of them won.
Chatham residents say they're losing a vital resource as Walgreen's prepares to close its store near 86th and Cottage Grove.
According to AAA, the average price of a gallon of regular gas in Chicago was $5.17 on Friday, up from $3.75 a year ago.
Peoples Gas and North Shore Gas Company customers are likely to see minor credits on their bills for the next three years, thanks to a $125 million settlement agreement announced Thursday by Illinois Attorney General Kwame Raoul.
Chicago gas prices are spiking as the war with Iran drags on, with regular gas nearing $6 in some spots and premium already selling for more than $7 in some places.
In the legal venue of anti-trust enforcement, the state is not taking on the Trump administration, but rather filling a void that state officials say the Trump administration has vacated.
The largest U.S. health insurer said it will eliminate approval requirements for some treatments, including select outpatient surgeries and other procedures.
Thirty years ago, Advocate Children's Hospital created a specialized team to transport the smallest patients to get life-saving care. On the anniversary of the Neonatal Pediatric Transport Team, they unveiled some a new ambulance.
The second-largest physicians' group in the U.S. has issued a surprising switch in breast cancer screening recommendations.
A new $48 million wellness center opened Thursday in the West Garfield Park neighborhood. The goal is to improve the health and quality of life for people on the West Side of Chicago.
La Rabida Children's Hospital went all out for Earth Day on Wednesday, with volunteer cleanup efforts by staffers and activities for patients and families.
U.S. prosecutors allege a man with multiple aliases used the name of the famed Astor family to scam a Mexican billionaire out of $450 million.
Thousands of people marched from the West Loop to Daley Plaza in downtown Chicago on Friday for May Day, with activists calling for workers' rights, stronger labor protections, and increased school funding.
A $170 million-plus plan announced this week will redevelop the Water Tower Place mall on the Magnificent Mile.
The Holiday Club in Chicago's Buena Park neighborhood will soon be going out of business, as the building that houses the popular bar is set to be torn down.
At a meeting on Tuesday, the Lincolnwood Village Board approved a pre-development agreement with the mall, providing a roadmap with the property owner for further preparations and government approvals for redevelopment.
David Allan Coe also had hits with "You Never Even Called Me By My Name" and "The Ride" among others.
Some youngsters got a behind-the-scenes look at the magic of making opera Sunday at the Lyric Opera of Chicago.
Matt DeCaro, an actor who was a familiar face on the Chicago stage for many years, died this weekend.
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
Tickets for the 2026 Ravinia Festival season went on sale Thursday morning.
Licensed clinical psychologist and former Chicago Police officer, Dr. Carrie Steiner, joins CBS News Chicago.
John Bartholomew, 38, was a 10-year veteran of the Chicago Police Department.
Highland Park native Becca Cary was selected to be a contestant on the upcoming season of The Great American Baking Show! Here are some baking tips with Becca.
Golden Apple Award winner Dr. Shaka Rawls joins CBS News Chicago.
A nationwide Canvas outage is impacting schools in Illinois.
The funeral for Chicago Police Officer John Bartholomew is today, at St. Andrew's Greek Orthodox church. Bartholomew was killed and a fellow CPD officer was shot at Swedish Hospital by a suspect they were escorting for a CT scan.
South Elgin police said no human remains were found at a South Elgin home on Revere Road in the search for missing teen Kianna Galvin, who vanished in 2016.
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
A year ago on Friday, Robert Prevost went from a relatively unknown cardinal to the pope, news that shocked and excited Chicago and the world.
A fiery crash involving a semi truck has shut down lanes on I-55 in Darien, Illinois, early Friday morning.
A man from the Chicago suburbs lost $69,000 of his savings to a scam by a thief using an AI-generated U.S. Marshals badge to intimidate him.
Illinois lawmakers are trying to decide what should happen when artificial intelligence leads to serious destruction or even death, and two of the most influential AI companies in the world are backing opposing state bills trying to answer that question.
Rideshare drivers say it's getting difficult to continue working as gas prices surpass $6 in the city.
More than four months after a Chicago woman battling ALS was told she couldn't get a disabled parking placard in front of her home, the sign is up and her life is about to change.
An elderly woman has essentially abandoned her home of three decades because of constantly broken elevators at her high-rise condo building on the Southwest Side of Chicago.
Michael Conforto went 3 for 3 with a homer and two RBIs, Shota Imanaga pitched six innings of one-run ball and the Chicago Cubs extended their winning streak to nine games with an 8-3 win over the Cincinnati Reds.
In May 2019, Bridgett Kolls came to a Cubs game with a simple sign that read "this lil cubbie needs a kidney" and her phone number. It caught the attention of Allesio, who is a Chicago White Sox fan
The Cubs also won their 14th straight home game for their longest win streak at Wrigley Field since they also won 14 in a row at the iconic ballpark in 2008.
Travis d'Arnaud hit a three-run homer, Walbert Ureña threw six innings of two-hit ball, and the Los Angeles Angels defeated the Chicago White Sox 8-2.
Boyd had an MRI that showed a meniscus issue, and manager Craig Counsell said the team isn't sure how long the left-hander is going to be out.
Police across Chicago and the northern suburbs were investigating a string of overnight smash-and-grab burglaries targeting businesses.
A teenager has been charged with shooting and killing his father inside their home in southwest suburban Oak Lawn following an argument on Monday.
The Mexican navy helped rescue shipwrecked sailors and retrieve bales of illicit drugs that had been dumped into the ocean.
A man was killed on Tuesday night in a shooting less than a block from an elementary school in the West Englewood neighborhood.
A 17-year-old boy has died after police said he was stabbed by another teen over the weekend in southwest suburban Joliet.
