merger

David Ellison vows Paramount–Warner Bros. Discovery merger won’t cut film output

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LAS VEGAS, Nev. — Paramount Skydance Chief David Ellison made a surprise appearance at CinemaCon on Thursday, assuring movie theater owners that the studio’s planned acquisition of Warner Bros. Discovery would not hurt the movie business. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. “I wanted to look … Read more

United CEO floated idea of United-American Airlines merger, sources say

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United CEO Scott Kirby floated the idea to Trump administration officials of United merging with American Airlines, according to sources familiar with the situation.  That conversation with officials is surfacing now after Transportation Secretary Sean Duffy hinted the Trump administration was open to further consolidation in the aviation industry, but United would have a challenging … Read more

Hollywood stars sign open letter protesting the Paramount-Warner Bros. merger

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Bryan Cranston, Jane Fonda, Joaquin Phoenix and more than 1,000 other Hollywood professionals released an open letter Monday vehemently opposing Paramount Skydance’s takeover of Warner Bros. Discovery, arguing that the corporate tie-up would hurt an industry “already under severe strain.” Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. … Read more

Judge pauses blockbuster merger between TV station owners Nexstar and Tegna

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A federal judge late Friday put a hold on the $6.2 billion merger between Nexstar Media Group and Tegna, a deal that would create the largest operator of local television stations in the country. U.S. District Judge Troy L. Nunley in California granted a request from DirecTV, which argued in a lawsuit that the pending … Read more

8 states file emergency motion to block Nexstar-Tegna merger after FCC approval

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California and seven other states filed an emergency motion on Friday to stop the merger of broadcasting companies Nexstar and Tegna, a corporate tie-up that would create the country’s largest operator of local television stations. The eight attorneys general filed the motion for a temporary restraining order less than a day after the Federal Communications … Read more

FCC green-lights Nexstar’s $6.2B merger with rival TV station owner Tegna

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The Federal Communications Commission has signed off on broadcast station owner Nexstar’s $6.2 billion deal to acquire rival company Tegna, a merger that would create the largest operator of local television stations in the country. In a news release Thursday, FCC Chairman Brendan Carr said the agency waived a rule that bars a single company … Read more

8 states, including California and New York, sue to block $6.2B Nexstar-Tegna merger

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California, New York and six other states filed a lawsuit late Wednesday seeking to block television station owner Nexstar’s proposed $6.2 billion takeover of rival company Tegna, arguing the tie-up violates federal antitrust laws. “When broadcast media is owned by a handful of companies, we get fewer voices, less competition, and communities lose the critical … Read more

Warner Bros. Discovery signs merger agreement with Paramount Skydance

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Warner Bros. Discovery on Friday formally signed an agreement to be acquired by Paramount Skydance, the two companies announced, setting the stage for one of the most consequential media mergers in recent history. The deal was inked just a day after Netflix abruptly announced it was pulling out of the bidding war for Warner Bros. … Read more