Paramount says CNN sale 'on the table' to resolve California suit over Warner Bros deal

Paramount Skydance is keeping all options, including a possible sale of CNN, "on the table" to resolve California's antitrust suit challenging ​its $110 billion acquisition of Warner Bros Discovery , the company's ‌chief legal officer said.

Reuters • 6 hours ago

Paramount's Stock Hinges on the Warner Deal, Not a CEO's Tax Sale

The disposal involved about 127,000 shares at $9.19 per share, representing a total transaction value of $1.2 million. Indirect ownership of 76.2 million shares is maintained through Skydance Entertainment Group, LLC, where the CEO serves as manager.

The Motley Fool • 2 hours ago

David Ellison Told Top Execs Paramount Will Exit California If AG Refuses To Negotiate Settlement In WBD Merger Suit

Paramount CEO David Ellison told a group of the company's top executives that he will start the process of exiting California on Oct. 1 if State Attorney General Rob Bonta will not negotiate to settle an antitrust suit around the merger with Warner Bros. Discovery. Ellison made the remarks at a meeting last week.

Deadline • Aug 11, 2026

WBD Q2 Earnings Beat Estimates, Revenues Miss on Studios Weakness

Warner Bros. Discovery's Q2 earnings beat estimates as streaming growth and margin gains offset steep weakness in Studios and Global Linear Networks.

Zacks Investment Research • Aug 10, 2026

PSKY-WBD Merger ‘Could Be Dragged Out a Year'

Despite clearing federal scrutiny, the proposed merger between Paramount Skydance (PSKY) and Warner Bros. Discovery (WBD) still faces challenges from state regulators.

David Ellison's ‘confessional' in the NYT has Paramount-Skydance WBD merger up in the air

David Ellison's bid to merge PSKY with Warner Bros. Discovery is now being challenged on antitrust grounds.

New York Post • Aug 9, 2026

Warner Bros. Discovery Q2 Earnings Call Highlights

Warner Bros. Discovery NASDAQ: WBD said its streaming segment surpassed $3 billion in quarterly revenue for the first time in the second quarter of 2026, as HBO Max benefited from subscriber growth, engagement and advertising monetization.

MarketBeat • Aug 7, 2026

Paramount's Warner Concessions In UK Gives “Powerful Credibility” To U.S. Lawsuit, Says Anti-Merger Group

Paramount's antitrust commitments in the UK to secure approval for its $111 billion Warner Bros. Discovery deal strengthens the hand of the 12 state attorneys general suing to block the merger.

Deadline • Aug 7, 2026

Warner Bros. Discovery: Risky Arbitrage Play After Ugly Quarter

Warner Bros. Discovery faces a tough outlook due to weak fundamentals and merger uncertainty. The media company reported Q2'26 saw an 11.3% revenue decline, with content and advertising revenues sharply down, despite modest EPS and EBITDA resilience. The Paramount merger is stalled by regulatory lawsuits, offering ~17% upside if closed but exposing investors to significant downside risk.

Seeking Alpha • Aug 7, 2026

Warner Bros. Discovery reports 10% jump in streaming revenue ahead of proposed Paramount combination

Warner Bros. Discovery reported strong revenue growth with HBO Max in its second-quarter earnings Thursday.

CNBC • Aug 6, 2026