Paramount
CBS News cuts 6% of workers, citing changes in the industry
The cuts could impact roughly 60 employees
Warner Bros CEO to make US$667 million on Paramount sale
He could also receive up to US$335.4 million in reimbursement for taxes
Tencent is said to be back on Paramount-Warner Bros deal with fresh funding
Chinese ownership of US assets has been a cause for concern in Washington, resulting in a deal for social media site TikTok’s US operation this year
Paramount to combine HBO Max and Paramount+ to challenge Netflix
The company expects the transaction to close in the third quarter
Paramount Skydance wins Warner Bros; Netflix walks away and its shares jump
Still, the bid is likely to face antitrust scrutiny in Washington, foreign countries and US states, including California
Paramount Skydance forecasts quarterly revenue below estimates as legacy TV Media drags
Legacy media companies face declining ratings and revenue across their cable portfolios
Warner Bros weighing revised bid from Paramount as bidding war escalates
Netflix will have a chance to match if Warner Bros deems new Paramount bid superior
Paramount submits higher offer for Warner Bros Discovery in bid to block Netflix: source
Its competitor Netflix is allowed to match its latest bid
Warner Bros weighs reopening sale negotiations with Paramount
Both Paramount and Netflix have indicated they would be willing to raise their bids in order to secure a deal for Warner Bros
Ancora Capital builds stake in Warner Bros, plans to oppose Netflix deal
The activist investor says Warner Bros’ board has not adequately engaged in talks with Paramount
