Paramount deal for CNN and Warner Bros. draws concerns about news independence [Los Angeles Times (CA)]
Paramount Skydance Corporation - Class B (PSKY)
Company Research
Source: Los Angeles Times
The merger threatens more Hollywood job losses in an industry already devastated, having shed 42,000 film and TV positions between 2022 and 2024. The combined company faces nearly $80 billion in debt, with at least $6 billion in planned cost-cutting and potentially billions more in necessary cuts. Should Paramount Skydance prevail in its $111-billion takeover of Warner Bros. Discovery, the Larry Ellison family would control two historic Hollywood film studios, dozens of cable channels, HBO and two legendary newsrooms, CBS News and CNN. Concerns about the potential loss of more Hollywood jobs, and questions about newsroom independence dominated a hearing Friday to address Los Angeles' crisis of shrinking film and TV production jobs. Paramount wants to wrap up its Warner merger by September — a rapid timetable. The takeover deal, which was struck last month after Netflix bowed out, would put HBO and CNN under the control of Larry Ellison and his son David, the chairman of Param
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PSKY
News
- Paramount Skydance (PSKY) Down 20.6% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]Yahoo! Finance
- How Paramount wants its managers to talk about David Ellison's new RTO mandate [Business Insider]Business Insider
- Netflix Is Raising Prices Again—Here's What The Streaming Giant's Plans Cost Now [Yahoo! Finance]Yahoo! Finance
- Why Netflix Hiked Prices, Explained in One Chart [Yahoo! Finance]Yahoo! Finance
- Netflix Walked Away From Warner Bros. Then It Raised Your Bill Anyway [Yahoo! Finance]Yahoo! Finance
PSKY
Earnings
- 2/25/26 - Miss
PSKY
Sec Filings
- 3/4/26 - Form 4
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- PSKY's page on the SEC website