That would put CNN under the same roof as Paramount's CBS and combine two of Hollywood's last five remaining studios. Paramount's CBS has seen significant editorial shifts, notably with the installation of Free Press founder Bari Weiss at CBS News, under new Skydance ownership. And beyond CBS, it owns networks like MTV and Nickelodeon, as well as the Paramount+ streaming service. Netflix, Warner and Paramount have spent the last couple of months in a heated, public back and forth over whose deal has a better regulatory path - and offers more value for Warner shareholders. Beyond increasing its proposed purchase price for Warner, the company also agreed to a regulatory termination fee of USD 7 billion.

Source: The Telegraph February 27, 2026 01:01 UTC