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Judge Questions Legal Points of Paramount’s Settlement With States at Hearing, Says a Ruling Will Come in ‘Due Course’

Judge Questions Legal Points of Paramount’s Settlement With States at Hearing, Says a Ruling Will Come in ‘Due Course’

The judge overseeing the antitrust case filed by 12 state attorneys general seeking to block the Paramount-Warner Bros. Discovery merger questioned the parties about their settlement at a hearing Thursday. U.S. District Judge Araceli Martínez-Olguín has not yet ruled on whether to approve the proposed settlement, and set the virtual hearing to cover “outstanding questions” […]
VarietyVariety
Block the Merger Coalition File Legal Request to Oppose Paramount-Warner Bros. Deal

Block the Merger Coalition File Legal Request to Oppose Paramount-Warner Bros. Deal

A coalition of groups working under the Block the Merger banner have filed an emergency request to oppose Paramount’s acquisition of Warner Bros. Discovery ahead of a court hearing in California this morning pertaining to the deal. The motion for an amicus brief – enabling interested parties to present legal arguments relating to a case […]
VarietyVariety
Block the Merger Coalition Asks Court to Reject Paramount’s Settlement With States Over Warner Bros. Deal

Block the Merger Coalition Asks Court to Reject Paramount’s Settlement With States Over Warner Bros. Deal

A coalition of groups under the Block the Merger banner have filed an amicus brief – a third party representation in a court case – opposing the Paramount Skydance-Warner Bros. Discovery merger. The brief was filed late Thursday by Free Press, the Committee for the First Amendment, the Freedom of the Press Foundation, the Future […]
ReutersReuters
PepsiCo plans price hikes on some chips and sodas, Bloomberg News reports

PepsiCo plans price hikes on some chips and sodas, Bloomberg News reports

Sept 24 (Reuters) - PepsiCo is set to hike prices on some chips and sodas by the end of this year or in early 2027, Bloomberg News reported on Thursday, citing people familiar with the matter.
ReutersReuters
Rising sea destroys homes, erases beaches in California. Is worse to come?

Rising sea destroys homes, erases beaches in California. Is worse to come?

By Daniel Trotta CARLSBAD, California, Sept 25 (Reuters) - In Malibu, the Pacific Ocean opened a sinkhole near the home of movie star Nicolas Cage and wreaked havoc on beachfront property.
ReutersReuters
Analysis-CNN, CBS News oversight board will be 'toothless,' experts warn

Analysis-CNN, CBS News oversight board will be 'toothless,' experts warn

By Jaspreet Singh Sept 22 (Reuters) - David Ellison is set to take control of two of the biggest news organizations in the US after his Paramount Skydance completes its takeover of Warner Bros Discovery, giving him wide influence over the news media landscape.
ReutersReuters
Analysis-Paramount pledges to release 30 films a year. How will that add up?

Analysis-Paramount pledges to release 30 films a year. How will that add up?

By Harshita Mary Varghese and Lisa Richwine Sept 22 (Reuters) - Paramount Skydance is promising the largest volume of movies in Hollywood after its Warner Bros. Discovery purchase as it also aims for up to $6 billion in cost savings. Wall Street is asking how that will add up.
VarietyVariety
Judge in Paramount-State AGs Case Still Has Questions, Schedules Hearing on Settlement Terms

Judge in Paramount-State AGs Case Still Has Questions, Schedules Hearing on Settlement Terms

Paramount’s deal with the 12 state attorneys general to settle their antitrust lawsuit over the Warner Bros. Discovery merger is not official just yet: The judge in the case has some “outstanding questions” about the settlement, which requires her approval before it takes effect. In an order issued Tuesday, U.S. District Judge Araceli Martinez-Olguin granted […]
TheStreetTheStreet
Warner Bros., Paramount stocks jump, but there’s a twist

Warner Bros., Paramount stocks jump, but there’s a twist

The $110 billion merger just cleared a major legal hurdle. Now the numbers matter.
VarietyVariety
Paramount, Warner Bros. Insiders Were Stunned by the Settlement With State AGs. Now They’re Girding for Inevitable Mass Layoffs

Paramount, Warner Bros. Insiders Were Stunned by the Settlement With State AGs. Now They’re Girding for Inevitable Mass Layoffs

The general mood on both sides of the Warner Bros. Discovery and Paramount Skydance aisles on Monday was shock and surprise over the sudden turn of events. And now that Paramount-WB merger has the all-clear signal, staffers are gearing up for what are expected to be multiple rounds of layoffs in the next few months. […]
VarietyVariety
CNN Mood ‘Like a Funeral’ as Paramount’s Warner Bros. Win Casts New Haze on Next Steps

CNN Mood ‘Like a Funeral’ as Paramount’s Warner Bros. Win Casts New Haze on Next Steps

Just when staffers at CNN thought the news giant’s path to the future was becoming more clear, new fog has set in. In recent weeks, the Warner Bros. Discovery outlet appeared to have found its groove. Yes, its linear ratings are down noticeably from the era when it won notice for its aggressive coverage of […]
ReutersReuters
Barry Diller's People withdraws bid for MGM Resorts

Barry Diller's People withdraws bid for MGM Resorts

Sept 23 (Reuters) - Media mogul Barry Diller's People Inc and MGM Resorts International on Wednesday announced the withdrawal of People's proposal to purchase all public shares ​of the casino operator. MGM's shares fell 8% after the bell.