Warner Bros. Discovery's cable networks like CNN and TBS are not worth as much as the company's deal with Netflix implies, Paramount claims.

LOS ANGELES — After finally getting approval from the Federal Communications Commission, Skydance Media is just weeks away from completing its $8 billion merger with Paramount Global, leading to sweeping changes for some of the most iconic media brands.

MTV's descent from youth culture powerhouse to obsolescence represents one of entertainment's most dramatic collapses. The network that revolutionized music television with its August 1, 1981 debut—launching The Buggles' "Video Killed the Radio Star"—will see five of its dedicated music channels permanently shut down by December 31,

Paramount sent a letter from CEO David Ellison addressed to Warner Bros. Discovery shareholders that 'clearly sets out why Paramount’s $30.00 per share all-cash offer to acquire all of WBD is superior to WBD’s transaction with Netflix.

CBS' Scott Pelley discusses the transition of "60 Minutes" after Paramount Global merged with Skydance Media.

FCC approved the Paramount Global-Skydance Media merger in July 2025, shortly after Paramount settled a defamation lawsuit with Donald Trump for $16 million.

Netflix promotes itself as an innovator, but its skyhigh bid for Warner Brothers suggests that its trendsetter days have peaked.

Netflix’s proposed $82-billion purchase of Warner Bros. is triggering warnings from unions and theater groups, who fear the deal could accelerate consolidation, reduce jobs, and sharply impact the theatrical box office.