Paramount Is Trying To Bully Its Way Into Acquiring Warner Bros. Discovery
Warner Bros. Discovery is for sale. The family that just made Bari Weiss one of the most powerful people in American journalism is doing everything it can to buy it.
The entertainment conglomerate, formed three years ago when Warner Media spun off from AT&T and merged with Discovery, Inc., announced plans this past summer to split back into two separate companies. Its functional studio and streaming arm, the source of the publicly traded company's value as a security, would thus be unshackled from its network TV business, which still generates a ton of cash but is a declining in value (as evinced by WBD's $9 billion write-down of its TV properties). The new TV company would also be a place for WBD to park its $38 billion debt load. WBD followed Comcast's lead in the matter, and at the time of the announcement claimed it would complete the process by mid-2026.
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