Pope Leo, immigration raids, the return of Trump dominated If 2025 is remembered for anything, it’s for two words: Da Pope. In a stunning and surprising decision, Robert Prevost – who grew up in south suburban Dolton, ascended to the Vatican as he became the first American to be named The Pope and christened Pope Leo XIV to succeed the […]
Back to the drawing board as merger media continues Tuesday saw more rejections happen than what Snoopy gets from his publisher. Scripps’ board unanimously rejected rival Sinclair’s $622 million takeover bid, stating it wasn’t in the best interest of their shareholders. Sinclair started buying up Scripps stock, up to 9.9 percent. That prompted Scripps to adopt a “poison pill” strategy, […]
Stunning deal builds streaming’s clout and is a huge blow to linear TV In a stunning deal with The Academy of Motion Picture Arts and Sciences – and one that could be the death knell to linear TV, Google’s YouTube – yes, the video portal where you can watch anything from cat videos to old commercials, has landed the Oscars […]
Offering $30 a share to WBD shareholders, saying it’s the best option It’s on. After Netflix agreed to acquire Warner Bros. Discovery for $82.7 billion on Friday, Paramount Skydance on Monday announced a hostile takeover bid for the entire company with an all-cash offer of $30 a share to shareholders. The offer is being financed by hedge fund Apollo Global […]
I Beats Paramount and Comcast in bidding Deal includes HBO and HBO Max; does not include WBD’s cable networks, which will be spun off Passing regulatory tests could be difficult In a move that gained steam in the 24 hours before it was announced, Netflix is buying Warner Bros. Discovery for $82.7 billion, closing a period during which two other […]
The start of the new year begins spinoff’s life [Editor’s Note: This article was updated on December 4.] The official spinoff of Versant now has a date. The soon-to-be former Comcast cable networks will be part of the new, independent company as of January 2 at the close of the business day, when it will officially be traded on NASDAQ […]
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