Warner Bros Discovery
Warner Bros Discovery is an international mass media conglomerate that was formed by the merger of AT&T’s WarnerMedia with Discovery, Inc. in April 2022. The company owns several domestic and international pay television channels — including CNN, TBS, TNT, the Discovery Channel, Animal Planet, HBO, Cinemax, Eurosport, AT&T Sportsnet, TVN Poland and Three (New Zealand) — along with streaming services Max (formerly HBO Max) and Discovery Plus. The company is based in New York City.
Warner Bros shareholders approve acquisition by Paramount
The deal still faces potential regulatory hurdles from federal and state officials.
CNN International to encrypt U.K. channel at end of April
CNN International is encrypting the feed available to residents and businesses in the U.K. and Ireland at the end of the month.
FIRST ON THE DESK
Netflix sees modest bump in revenue during Q1; Reed Hasting to leave board
Netflix saw a modest bump in revenue as the company's growth strategy like password-sharing crackdowns and building out its ad business continued to accelerate in Q1.
EARNINGS REPORT
Jeffrey Shell departs Paramount amid legal dispute
Jeffrey Shell is stepping down as Paramount president and board member amid a legal dispute over alleged misconduct.
Paramount confirms Middle East money will fund Warner Bros acquisition
The deal includes $45.7 billion in equity commitments and $54 billion in debt financing from major lenders.
CNN to host California gubernatorial primary debate in May
CNN will host a California gubernatorial primary debate in May, less than a month before state voters choose their candidates for governor.
CBS News streaming channel stages walkout amid contract negotiations
WGA East members at CBS News 24/7 staged a two-coast walkout after failing to reach a new contract with Paramount.
Echostar weighing Paramount-WBD merger’s effects on Sling TV and Dish, CEO says
Both companies sell cable networks to Dish and Sling while expanding streaming offerings.
FIRST ON THE DESK
Paramount CEO says Paramount Plus, HBO Max will merge
CEO David Ellison indicated Paramount Plus’ technology could power the unified platform, with HBO Max content folded into a single streaming stack.
California to probe Paramount bid for Warner Bros Discovery
Attorney General Rob Bonta said the deal has not cleared regulatory scrutiny and pledged a “vigorous” state review of the transaction.
FIRST ON THE DESK
NBA sees higher TV ratings from NBC, ESPN under new rights package
NBA games are averaging 1.8 million viewers across the NBA's three TV partners, up 16 percent from last season.
RATINGS
Paramount hires ex-Trump official to lead policy as battle for WBD heats up
The appointment comes as Paramount competes with Netflix in bidding for WBD’s film studio, cable networks and streaming assets.