Kara Swisher Says She’s Leaving CNN Now That Settlement Clears Way For Paramount-WBD Merger

Paramount settled antitrust lawsuits with U.S. states and the Writers Guild of America, clearing a path for its $111B merger with Warner Bros. The deal includes concessions like a board of journalists for CNN and CBS News. California's AG Rob Bonta called it a strong antitrust outcome, while critics like Jessica González of Free Press expressed disappointment.

Paramount Skydance settled a lawsuit with California and 11 other states over its merger with Warner Bros. Discovery, resolving antitrust concerns. The deal requires Paramount to increase film output, invest in U.S. production, and protect worker interests. The settlement allows the $110 billion merger to proceed, with Paramount committing to 30-32 films annually and $1.5 billion in U.S. production spending over five years.

Paramount has settled an antitrust lawsuit, clearing the way for its acquisition of Warner Bros. Discovery (WBD). The deal was contested by Netflix and faced legal challenges from state attorneys general. According to the company, this resolution removes a major obstacle to the merger's completion.

UBS kept its 'sell' rating on Paramount Skydance (PSKY) despite the clearance of its Warner Bros Discovery acquisition. The deal is expected to close by September 30, avoiding $650M quarterly fees. UBS noted behavioral settlement terms, film release targets, and risks like high leverage and TV exposure. It set a price target based on 6x standalone OIBDA, with pro forma EBITDA multiples of 8x and 6x for 2027 and 2028.

Cinema United, a movie theater trade association, praised a settlement in the Warner Bros. Discovery acquisition by Paramount, noting it includes increased film production, theatrical exclusivity, and catalog access. The deal requires Paramount to release a set number of films widely over five years and prohibits premium VOD marketing before a 45-day theatrical window. Cinema United had previously warned about the potential negative impacts of such mergers on theaters and local economies.

Paramount Skydance (PSKY) is nearing completion of its $110B merger with Warner Bros. Discovery (WBD) after resolving legal hurdles. CEO David Ellison expects the deal to close in two weeks, avoiding $7M daily fees if delayed beyond Sept. 30. The merger aims to combine key assets like HBO Max and CNN.