Paramount
Paramount Skydance ($PSKY) is a multinational broadcast, cable and streaming television corporation based in New York City. It is the successor to the CBS Corporation and Viacom, Inc. Paramount Global operates the CBS broadcast network, CBS Sports, MTV Networks, Paramount Pictures, Pluto TV, Paramount Plus, Showtime, Australia’s Network 10, Channel 5 UK and around two dozen local CBS broadcast stations in major American markets.
Prior to February 2022, Paramount Global was known as ViacomCBS.

Paramount says states should settle lawsuit over Warner Bros merger
Paramount wants California AG Rob Bonta and eleven other state AGs to respect the authority of nearly 70 other jurisdictions that have approved its deal to acquire Warner Bros Discovery.

KDKA is next CBS-owned station to debut augmented-virtual reality studio
KDKA, known as CBS Pittsburgh, is the 13th CBS station to integrate AR/VR technology into its newsroom operations.
FIRST ON THE DESK

California AG Bonta accuses Paramount’s Ellison of “blackmail” over lawsuit
The lawsuit, brought by California and other state attorneys general, seeks to block Paramount’s proposed merger with Warner Bros Discovery.

CBS Sports suspends NFL analyst Tony Romo after arrest
Romo was arrested and cited earlier in the week for driving while under the influence of alcohol and other alleged crimes.

Paramount agrees to delay Warner Bros Discovery merger indefinitely
The company expects to restart the merger process next summer, but a prolonged legal battle with officials in California and elsewhere effectively pauses the deal for the foreseeable future.

Judge extends restraining order over Paramount-Warner Bros deal
The order was extended because the parties involved in the lawsuit need more time to develop arguments, gather evidence and confer on the matter, the judge wrote.

Hearst, Forum to acquire CBS affiliation from some Nexstar stations
The Nexstar-owned CBS affiliate in Albuquerque will soon carry Fox programming; CBS affiliates in at least three other markets will become CW Network-owned stations.
FIRST ON THE DESK

European regulators offer conditional approval of Paramount-Warner Bros merger
The European Commission said the commitments resolve concerns that the combined company could coordinate film distribution with major rivals.

Judge issues restraining order blocking Paramount-WBD merger
The order follows a lawsuit filed by California Attorney General Rob Bonta and attorneys general from 11 other states.

Judge to issue ruling on injunction request in Paramount-Warner Bros merger case
Paramount offered to delay closing the transaction for 28 days while asking the court to hold preliminary injunction proceedings before the end of August.

FCC Chairman Carr doubts antitrust lawsuit against Paramount deal will succeed
The FCC said the antitrust lawsuit appears to be based largely on how Paramount will operate CNN or whether it is willing to divest the cable network to seal the deal.
