News

Politicians and rank-and-file workers who feared a Paramount-Warner Bros. Discovery deal now hope concessions will soften the impact.

The debt package includes $30 billion in investment-grade bonds, $7.5 billion in loans, and $12 billion in second-lien bonds

Both Paramount and Warner Bros. jumped on Monday after settling an antitrust lawsuit that could have blocked the merger.

Plus: British Columbia sues OpenAI over mass school shooting and executives flock to New York to tout lowering emissions.

WHATS NEWS BUSINESS FINANCE Paramount reached a settlement with state attorneys general that clears the way for its $81 billion merger with Warner Bros. Discovery that is poised to reshape Hollywood. Investors bid up the price of Meta Platform’s shares, setting the tone for Monday’s session, which saw the S&P 500, Nasdaq and Dow rise 1.

Paramount Skydance Corp.’s (NASDAQ:PSKY) $110 billion acquisition of Warner Bros. Discovery, Inc. (NASDAQ:WBD) has cleared a major legal hurdle after the company reached a settlement with a coalition of U.S. states and the Writers Guild of America. Paramount Warner Bros. Discovery Merger Clears Antitrust Fight The settlement on Monday allows the merger to move forward while requiring Paramount to accept several conditions aimed at addressing concerns over competition, jobs and media concentratio

Investment in domestic production, quiet mediation from Gov. Gavin Newsom and the threat of relocating helped Paramount forge a settlement with state attorneys general.

Movie studio Paramount on Monday agreed to settle an antitrust lawsuit filed by 12 states, the last big obstacle blocking the company's $81 billion acquisition of Warner Bros. Discovery in a deal that would transform the movie industry landscape. In the settlement, which still needs to be approved by a judge, Paramount agreed to terms including a five-year movie production plan and to invest $1.5 billion in domestic movies. State attorneys general say the settlement guarantees investment in domestic movie production and provides worker protection.

Paramount's agreement with 12 state attorneys general paves the way for the company to complete its $110 billion acquisition of Warner Bros. Discovery.

Paramount Skydance is attempting to acquire Warner Bros. Discovery in a deal that would shake up the entire media sector.

California and other states challenged the proposed merger in July, describing it as creating a "media behemoth" if realized.

Paramount Skydance has cleared the last major hurdle to its acquisition of Warner Bros. Discovery by reaching a settlement with California and 11 other states that sued over antitrust concerns. A settlement would remove a key obstacle for the $110 billion megamerger of the two entertainment giants. Warners Bros. Discovery stock surged 10% to $30.57 on the reports, erasing all its losses for the year.

All three major US stock indexes were up in late-morning trading Monday, as oil prices and Treasury

Sept 21 (Reuters) - Paramount Skydance has settled with California and 11 other states that sued to block its $110 billion acquisition of Warner Bros Discovery, a ‌source familiar with the matter said on Monday, clearing one of the last ‌hurdles to a deal that would reshape Hollywood. The settlement includes the creation of independent editorial boards for CNN and CBS, ​the source said, a move aimed at safeguarding the independence of their news operations under the combined company.

Paramount won’t have to sell cable channels under the $81 billion merger poised to reshape Hollywood.

Sept 21 (Reuters) - Paramount Skydance has reached a settlement with California and other states suing to block its $110 billion merger with Warner Bros Discovery, Bloomberg News reported on Monday,

Both stocks jumped about 7% Monday morning after reports that Paramount Skydance and the California attorney general met to discuss a settlement.

Shares of Paramount (NASDAQ:PSKY) and Warner Bros. Discovery (NASDAQ:WBD) rose in premarket trading on Monday after The Wall Street Journal reported progress in negotiations aimed at resolving legal opposition to their proposed $81 billion merger.

AI-linked stocks rose in the U.S. premarket and stocks rose across the globe as the continued fall in oil prices boosted market sentiment.

The company has discussed a series of concessions as part of advanced settlement talks with a coalition of state attorneys general, hoping to clear a path for its $81 billion Warner Bros. deal.

A resolution would allow David Ellison's $111-billion takeover of Warner Bros. Discovery to finalize

Broadcasters and tech giants are writing big checks to state officials, who have weighed in on mergers.

Paramount Skydance and Warner Bros. Discovery long-awaited merger has been at a standstill. Barclays analysts led by Kannan Venkateshwar resumed coverage of both stocks, rating Warner Bros at Equal Weight with a $28 price target and Paramount at Underweight with a $8 price target. Venkateshwar said in a research note Thursday that while the proposed $110 billion merger could increase growth potential for the studios, it could introduce massive financial and operational risks that make the stock hard to value, and “a moving target.”

“60 Minutes” creator Don Hewitt had a simple motto for the show: “Tell me a story.” Its new leader, Nick Bilton, is trying to move past a tumultuous period when the show itself was the story. Bilton, a former columnist, author and documentary producer with little experience in television news, was installed by CBS News Editor in Chief Bari Weiss last May as part of a dramatic overhaul of the storied newsmagazine.

The Paramount CEO’s pledge would defy economic pressures but has helped win support for the company’s proposed acquisition of Warner Bros.

Rob Bonta said Paramount is more focused on the “court of public opinion” than the court of law in the Warner merger fight.

California's attorney general is demanding more "structural concessions" on Paramount Skydance's (PSKY) mega-merger with media competitor Warner Bros. Discovery (WBD). The Morning Brief's Jake Conley sits down with Barron's senior markets analysis writer Paul La Monica and Infrastructure Capital Advisors CEO Jay Hatfield to talk about the debt weighing on this acquisition and what it could mean for Warner Bros. assets if regulators allow it to go through.

The two sides were scheduled to discuss a settlement of a multistate antitrust lawsuit aiming to block the Paramount-Warner merger.

(Updates with additional details in the fourth and fifth paragraphs.) Paramount Skydance (PSKY) h

The timing of Warner’s biggest DC premiere ever says more about the company’s price tag than its creative slate.