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CBS News boss Bari Weiss is likely to gain editorial oversight of CNN if and when Paramount Skydance's acquisition of Warner Bros. Discovery is approved, according to a report.

Ted Turner died at 87, and obituaries celebrate how he built his empire. He took an indebted billboard company into a UHF station, then into the Atlanta Braves for $10 to $12 million. Then into a satellite superstation, then into Hanna-Barbera for $320 million, and finally into CNN. The crown jewel is now part of... Ted Turner Built CNN on Debt and Near-Bankruptcy. Here Is Why You Should Not Try to Copy Him

If there was a common message to be found in the flood of entertainment media company earnings reports over the last several days, one could argue it's that Hollywood appears to finally be done chasing streaming growth at all costs.

Paramount's Ellison family has signed deals to receive nearly $24 billion from three Saudi wealth funds to help back its acquisition of Warner Bros. Discovery, according to a report Monday.

The DOJ is seeking information on how the deal would affect studio output, content rights and competition among streaming services.

Reactions to the merger of Paramount and Warner. Bros Discovery (WBD) have focused on the impact on theatrical windows, severe job cuts, and the housing of CBS News and CNN under a single owner.

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The end of Warner Bros. Discovery as an independent company seemed to follow the pattern of Ernest Hemingway's take on how one becomes bankrupt: “Gradually, then suddenly.

With the bidding war for its assets now over, Warner Bros Discovery's shares were down more than 2% in early trading on Friday, slipping to $28.20. Paramount's bid, which Warner deemed as superior to Netflix's, offers $31 per share of the media conglomerate's entire business—including its studios, streaming platform and TV networks.

Sources says that the White House was unmoved by Sarandos' arguments, that competition from social media negates their antitrust concerns, and that the administration would oppose the deal.