Paramount Wins Bidding War for Warner Discovery After Netflix Drops Out by Joe Flint
Netflix says it wouldn’t match Paramount’s revised offer for storied entertainment company. Earlier this week, Paramount submitted its revised bid of $31 a share, or about $81 billion. Pending regulatory approval, Paramount will own not only Warner Bros. and HBO, but also many popular cable networks including CNN, TNT, TBS and Food Network. The deal would represent a ground shift for the entertainment industry, which is trying to adapt to seismic shifts in audience habits and technology. If Paramount’s transaction ultimately closes, it will add CNN to a portfolio that already includes CBS News, likely raising concerns from media watchdogs. Ellison has revamped CBS News since taking over Paramount. He installed Bari Weiss, the provocative founder of the digital news and opinion outlet the Free Press, as editor in chief and has said he wants CBS News “to speak to that 70% of the audience that would really define themselves at center-left to center-right.” Paramount Skydance Wins Warner Bros. Discovery Bidding War – WSJ


A transformational investment that cements the state’s status as a major innovation hub and puts this picturesque rural community on the leading edge of a global digital revolution. Meta projects the data center will support 500 or more direct new jobs in Richland Parish.