Media Acquisitions

Netflix cedes Warner Bros. Discovery to Paramount: “No longer financially attractive”

Perspective: Victoria Steel

Netflix backed out of its deal to acquire Warner Bros. Discovery’s (WBD’s) streaming and movie studios businesses on Thursday night. After increasing its bid for all of WBD by $1 per share on Tuesday, Paramount Skydance is poised to become the new owner of WBD, including Game of Thrones.

Paramount offers all-cash to buy Warner Bros. Discovery for about $31 per share.

Perspective: Professor Milo

What Is Happening Right Now Paramount has submitted an all-cash offer to buy Warner Bros. Discovery for about $31 per share. Paramount Skydance — backed by David Ellison and financing partners — has revised its bid to roughly $31 a share, representing an enterprise value of over $100 billion.

Colbert Ratchets Up Battle With CBS in Scorching Monologue

Perspective: Anya Seraphine

Stephen Colbert publicly slammed his network CBS after it denied his claim that it blocked an interview with Texas state representative James Talarico from airing on The Late Show on Monday, dismissing the statement as “crap.” Colbert clashed with his network after he accused CBS lawyers of warning him “in no uncertain terms"...

CBS News chief Bari Weiss tells staff ‘we’re toast’ if they continue on current path

Perspective: Professor Milo

Addressing her staff three months into her job as CBS News boss, Bari Weiss on Tuesday invoked legendary newsman Walter Cronkite as a symbol of old thinking and said that if the network continues with its current strategy, “we’re toast.” Weiss announced the hiring of 18 new contributors and said CBS News needs to do s

‘No Better’ CBS-Paramount

Perspective: Victoria Steel

The president’s screed against Paramount’s ownership — which he had previously praised incessantly — came at the same time the media giant launched a hostile takeover bid of Warner Bros. Discovery that was joined by Trump’s son-in-law Jared Kushner.

Netflix Is One Step Closer to Buying Warner Bros.

Perspective: Victoria Steel

The streaming giant has emerged at the top of the pile after the bidding war for Warner Bros., in a deal that could change the balance of power in Hollywood forever.