American basic cable channel focused on home improvement and real estate
Twelve state attorneys general have reached a settlement with Paramount Skydance that has cleared the way for its merger with Warner Bros. The deal has required independent editorial boards for CNN and CBS, a commitment to release at least 30 theatrical films a year and a $30m penalty if that output target is missed. Critics and media advocates have condemned the concessions.
David Ellison has closed the roughly $110 billion merger that combines Paramount and Warner Bros. into a single company rebranded Skydance. The deal has folded HBO Max and Paramount+ together under one owner, brought CBS and CNN into the same corporate roof, and left the new firm carrying heavy debt while promising film release minimums and editorial safeguards.
Netflix has announced a major round of job cuts, affecting its product, tech, legal and human-resources teams. The company says it remains on track to meet its full-year forecast, with around 16,000 employees at year-end and renewed emphasis on high-impact areas amid a competitive streaming landscape.