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.
A 16-year-old girl was shot in north suburban Glenview, Illinois, on Saturday morning.
U.S. Central Command said Saturday that more than 11,000 targets have been struck since Operation Epic Fury began on Feb. 28.
The Chicago Park District held another lifeguard skills swim test on Saturday.
Human remains found in Mokena, Illinois, were identified as belonging to a Joliet man who went missing in June of 2025.
A man was shot and killed inside his house during a drive-by shooting on Chicago's South Side.
Iran-linked cyber criminals accessed FBI Director Kash Patel's personal email account, sources said.
The Justice Department has made public millions of pages from its investigation into convicted sex offender Jeffrey Epstein.
The House passed a measure to fund the Department of Homeland Security for 60 days — but it's still unclear how the shutdown will end as the Senate, which approved its own funding plan, is on recess.
The Treasury Department plans to add President Trump's signature to new U.S. paper currency, a first for a sitting president.
An amendment that would require voters to show photo identification to cast a ballot failed to advance in the Senate on Thursday.
Illinois Secretary of State Alexi Giannoulias this weekend issued a warning about a surge in text messages that falsely claim to come from his office or the DMV within it.
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.
Ending domestic violence is the goal of groups and advocates all over the world, and some experts in Chicago say it is time to become less reactive and more proactive when it comes to the people causing harm.
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.
The owners of the popular Uncommon Ground restaurant, live music venue, and brewery in Chicago's Wrigleyville community announced this week that they're looking for a successor to take over the business.
Chicago consistently ranks in the top three cities in Fortune 500 company headquarters, and now a competition has been launched to build on Chicago's power in business.
The flagship Ann Sather restaurant on Belmont Avenue in Chicago's Lakeview community will be moving later this year, a restaurant representative said Tuesday.
Chicago Bulls legend Scottie Pippen threw some shade at former teammate Michael Jordan in a new pop commercial.
The City Council in Aurora, Illinois, is likely to lay down the hammer on data centers.
Chicago-native John Mulaney announced a new stop at the Wisconsin State Fair this summer.
Following a ribbon-cutting attended by Chicago Mayor Brandon Johnson on Saturday, people were let inside the new space, at 5035 N. Broadway right off Argyle Street, for a special open house.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
ABC has canceled its already filmed season of "The Bachelorette" starring Taylor Frankie Paul after video surfaced of a 2023 incident in which she was charged with assault.
Acclaimed Chicago bar and music venue The Hideout has been sold to a performer and former employee, but the owners said it will carry on as the same beloved place that visitors have always known.
Meteorologist Kylee Miller has the extended forecast.
Nearly 200,000 protesters gathered in The Loop for Chicago's No Kings protest.
The No Kings protest is underway in Chicago and demonstrators are now marching through The Loop.
Thousands are gathered in Grant Park for Chicago's No Kings protest on Saturday.
As Congress debates the Department of Homeland Security funding bill, President Trump has ordered TSS workers be paid.
Thousands of protesters gathered in Grant Park for the Chicago No Kings protest.
A 16-year-old girl was shot in north suburban Glenview, Illinois, on Saturday morning.
Human remains found in Mokena, Illinois, were identified as belonging to a Joliet man who went missing in June of 2025.
A man was shot and killed inside his house during a drive-by shooting on Chicago's South Side.
Prosecutors laid out the details of the fatal Chicago shooting of Loyola University student Sheridan Gorman at a detention hearing for her accused killer Friday.
Two more women have filed lawsuits against Massage Envy, accusing the company of failing to protect them against sexual assaults by two of their therapists.
Homeowners in Berwyn said they are constantly having to pump out sewage to keep it from flooding their basements.
CBS News Chicago learned that she was hired at the school in Mundelein in 2023, which was after DCFS found credible evidence that Servant had injured her children as a form of discipline.
United Steel Workers union representatives said that some workers had already had their access cards deactivated.
Have you ever walked into a business with no employees? You may soon; autonomous businesses are becoming more popular.
Shai Gilgeous-Alexander scored 25 points and the Oklahoma City Thunder used a 22-0 run in the second half to beat the Chicago Bulls 131-113.
Dylan Garand made 27 saves for his first NHL win as the Rangers downed the Blackhawks 6-1 on Friday night.
The Fighting Illini are one win from a trip to the Final Four after an impressive win over in the Sweet 16 Thursday night.
The Chicago Bears will have to wait until at least April for action on a property tax bill that would boost their efforts to build a new stadium in Arlington Heights, as the Illinois House is set to adjourn Friday.
A Chicago-area fan yelled about the White Sox when Pope Leo passed by in his Popemobile, and the Pope responded with a thumbs up and smile.
The truck, transporting 413,793 KitKat bars, was stolen during transit in Europe, Nestle said.
Police on Thursday were investigating two shootings that happened in broad daylight the day before in Chicago's Hyde Park and Woodlawn neighborhoods.
A man was shot and critically wounded in broad daylight Thursday in Chicago's Humboldt Park neighborhood.
A 17-year-old boy was shot multiple times and critically wounded in Chicago's Back of the Yards neighborhood early Thursday morning.
Two men and a woman were slashed in a fight with another man they knew inside a home in Chicago's Bronzeville neighborhood early Thursday morning.
