American kids’ channel, owned by ViacomCBS, evergreen culture builder since the 1970s
A federal judge has paused Paramount Skydance’s $110–$111bn acquisition of Warner Bros Discovery with a 14‑day temporary restraining order after a coalition of 12 states sued to block the deal on antitrust grounds. The judge has set an Aug. 3 hearing to consider extending the pause while the states seek a preliminary injunction.
A California judge has ordered a 14-day pause on Paramount’s $110 billion deal to merge with Warner Bros. Discovery, with a preliminary injunction possible and hearings ongoing as states filed antitrust lawsuits. Regulators worldwide are reviewing concessions; a delayed close could carry substantial costs.
Culture secretary has said she is minded to intervene in the Paramount-WBD merger on public-interest grounds, triggering regulatory scrutiny by Ofcom and the CMA. A final decision has not been taken; Paramount and WBD face a response deadline, with potential timelines extending into Q3 2026.
Paramount Skydance has reported quarterly revenue of $7.35 billion, up 2%, driven by streaming and film slate. Paramount+ added subscribers and revenue, film “Scream 7” boosted film revenue, while TV media faces cord-cutting. The company reaffirms full-year outlook and is pursuing cost cuts tied to the Warner Bros. Discovery deal.