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.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
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.
Stephen Colbert hosted "The Late Show" for the final time Thursday night as the franchise came to an end after 33 years.
"The Late Show" host Stephen Colbert is marking the end of an iconic late-night franchise on CBS.
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 it will engage with Paramount Skydance to assess if its latest offer is superior to Netflix's $83 billion bid.
"The Late Show" host Stephen Colbert criticized CBS on Monday night, saying the network blocked his interview with U.S. Senate hopeful James Talarico from airing.
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
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 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.
YouTube TV announced a deal to keep Paramount channels on its platform had been reached Saturday night, ending a public contract dispute.
Paramount Global, the owner of Paramount Pictures and CBS, will merge with a media company founded by David Ellison.
Paramount said long-time CEO Bob Bakish will leave the company, which is in discussions to explore a sale or merger.
Ex-Nickelodeon producer Dan Schneider was accused of inappropriate and abusive behavior in the docuseries, "Quiet on Set: The Dark Side of Kids TV."
With a new year comes line-up changes on TV channels Dabl and Start TV.
The sale comes nearly a year after a federal judge blocked the nearly100-year-old publisher's purchase by Penguin Random House.
With inflation and a rising cost of living, the need for aid at local food banks has doubled, which means so has the need for volunteers.
Media company will lay off 25% of employees in its entertainment TV unit and pull the plug on MTV News.
