The deal still has to clear regulatory hurdles, but it has sparked concern about job cuts and shifts in focus across the broader media industry. The deal still has to clear regulatory hurdles, but it has sparked concern about job cuts and shifts in focus across the broader media industry. After months of bidding, Paramount Skydance has triumphed in its attempt to acquire Warner Bros. Discovery, a deal that includes CNN and the television networks created by Ted Turner. The former Turner networks have been passed along in a never-ending carousel of deals that have taken them from Turner to Time Warner to AT&T and now Warner Bros.

Source: CNN March 07, 2026 01:39 UTC