Paramount closes $110 billion deal to acquire Warner Bros. Discovery
The merger unites two major movie studios, news operations CBS News and CNN and cable networks including Comedy Central and TNT.
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The merger unites two major movie studios, news operations CBS News and CNN and cable networks including Comedy Central and TNT.
Paramount's agreement with 12 state attorneys general paves the way for the company to complete its $110 billion acquisition of Warner Bros. Discovery.
The ruling comes after a coalition of 12 states sued to block the deal, arguing it would harm consumers and the entertainment industry.
The suit poses a new challenge to the $110 billion deal that would unite two of the nation's largest media companies.
Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery would not harm U.S. consumers or weaken competition, DOJ antitrust enforcers said.
The lawsuit calls the event "deeply corrupt" and argues that it seeks to enrich the president and his allies and lacks proper authorization.
Stephen Colbert hosted "The Late Show" for the final time Thursday night as the franchise came to an end after 33 years.
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
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
The exit came a week after Paramount Skydance made its $108.4 billion all-cash offer to Warner Bros. Discovery.
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.
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 has agreed to settle President Trump's lawsuit over a "60 Minutes" interview with Kamala Harris for $16 million, the company announced late Tuesday.
YouTube TV announced a deal to keep Paramount channels on its platform had been reached Saturday night, ending a public contract dispute.
The merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar Bronfman Jr. withdrew a competing offer.
Paramount Global, the owner of Paramount Pictures and CBS, will merge with a media company founded by David Ellison.
Ex-Nickelodeon producer Dan Schneider was accused of inappropriate and abusive behavior in the docuseries, "Quiet on Set: The Dark Side of Kids TV."
The sale comes nearly a year after a federal judge blocked the nearly100-year-old publisher's purchase by Penguin Random House.
Striking writers and actors cut their picking short today because of the punishing heat. KCAL News reporter Jeff Nguyen looks at one of the key negotiating issues.
Media company will lay off 25% of employees in its entertainment TV unit and pull the plug on MTV News.
Media company will lay off 25% of employees in its entertainment TV unit and pull the plug on MTV News.
The news also comes after the Writer's Guild of America announced that it planned to picket outside the show.
