David Zaslav, CEO of Warner Bros. Discovery, lauded cable TV pioneer Ted Turner as “a foundational force” behind many of the brands central to the company today, including CNN. Turner died Wednesday at the age of 87,

- **Widened GAAP loss**: Warner Bros. Discovery reported a substantial quarterly net loss of approximately $2.9 billion, significantly larger than the loss recorded in the prior-year period. This result was primarily driven by non‑recurring merger and ...

The congressional Democrats want California Atty. Gen. Rob Bonta to closely examine how the Paramount-Warner Bros. deal would affect jobs and competition.

The sole Democrat on the FCC is calling on the agency to investigate and examine foreign investment in Paramount’s proposed merger with Warner Bros. Discovery. Paramount has disclosed that total foreign ownership of the combined company would be 49.

-- Paramount in February announced its plan to buy Warner in an $81 billion deal, beating out Netflix after a lengthy bidding war. Last month, Warner's shareholders approved the sale, which is pending regulatory review.

Warner Bros. Discovery will report its first-quarter 2026 results on May 6, just months after shareholders approved its $110.9 billion acquisition by Paramount Skydance. Analysts expect a loss of about $0.10 per share on $8.89 billion in revenue, with ...

Paramount has two asks for British authorities: Approve the Warner Bros. Discovery mega-merger and slash UK tax break thresholds. The latter request was on the agenda at the Creative Cities Convention in Liverpool on Wednesday,