American media giant formed in 2022 from WarnerMedia–Discovery merger
Microsoft has offered voluntary exit packages to about 60,000 employees in the US, Canada, the UK and India, available to staff at level 70 and below on select teams. The company has framed the programme as time‑limited and similar to standard severance; it expects only a small share of eligible staff to accept while continuing heavy AI capital spending.
The United States and its regional partners are pressing for freedom of navigation as ASEAN nations accelerate talks on a code of conduct. China asserts its claims over disputed waters while continuing coast guard and military activity near Huangyan Island and other flashpoints. Philippines vows to push back against Beijing’s moves, citing recent missile tests and maritime postures.
Scotland has steered the Commonwealth Games to a leaner, greener model, overcoming last‑minute hosting hurdles. The event showcased top Scottish sport, with medals across swimming, athletics and football, and set a template for future hosts focused on affordability and collaboration.
Bloomberg reports Warner Bros. shares have risen in recent sessions, narrowing the gap to Paramount’s $31 offer to about $3 after a rebound from a July spread that peaked above $5 amid state antitrust actions.
Paramount has signalled willingness to engage with California and other states over the Warner Bros. Discovery merger. The company is preparing for possible relocation if settlement talks fail, while regulators press to block the deal on antitrust grounds. A March trial remains in focus, with ticking fees looming as the company seeks a path forward.
U.S. states have filed suit to block Paramount’s $110 billion merger with Warner Bros. Discovery, asserting it would control about one-third of major movie titles and cable programming. The case has prompted talks of structural remedies, though theaters and other stakeholders seek protections before any approval. A trial is set for March, with ongoing talks in the background.
The Treasury has expanded its bond-buyback program to support longer-dated debt, but yields on the 10-year and 30-year Treasuries have remained elevated as debt levels and deficits draw scrutiny. Investors are weighing the impact on mortgages, AI infrastructure funding, and policy uncertainty across multiple outlets.
Actor Mark Ruffalo has urged lawmakers to block Paramount Skydance’s $111 billion merger with Warner Bros Discovery, linking the deal to Oracle’s ties to Israel. Paramount calls the rhetoric antisemitic tropes; George Clooney defends Ruffalo’s right to speak. Over 170 Jewish artists have signed a letter supporting Ruffalo. The merger remains under antitrust scrutiny and on hold as debate intensifies.
President Donald Trump has said NBCMeet the Press host Kristen Welker will be reported to the Federal Communications Commission for what he called a "purposeful inaccuracy" after she said his endorsements have had "mixed results" this primary season. He named FCC chair Brendan Carr and urged the commission to act; broadcasters and rights groups are litigating alleged FCC pressure.
South Park has announced a name change to South America for its 29th season, in a move that mirrors President Trump’s recent renaming attempts for lakes, gulf and even a state. The show’s creators say the rename is inspired by Apple and Google and thanks Paramount Skydance, as the merger and regulatory backdrop grow.
Oracle founder Larry Ellison has canceled a plan to sell up to 50 million Oracle shares, a move disclosed in regulatory filings. The reversal follows a plan announced in June to sell stock under a 10b5-1 trading plan, which is now scrapped. Oracle’s push into AI infrastructure has coincided with rising debt and reduced cash flow, contributing to a stock decline this year.
Paramount Skydance faces antitrust litigation blocking its merger with Warner Bros. Discovery. A California-led legal challenge threatens to push Paramount’s headquarters and thousands of jobs out of California, triggering a potential $10.6–$21.2 billion hit to state output and hundreds of millions in tax losses. The LAEDC warns the move could reshape Hollywood’s economic center.
Disney has named Karandeep Anand, former CEO of Character.AI, as its first chief technology officer. He will oversee enterprise technology, infrastructure, data and AI platforms, reporting to CEO Josh D'Amaro. The move follows a rocky relationship with Character.AI and signals Disney’s renewed focus on technology to support storytelling and the company-wide One Disney initiative.
Bloomberg reports a settlement could come this weekend or Monday, with Warner Bros. shares rising 8.6%. Paramount asserts no transfer of control, the Ellison family retains majority voting interests.
Paramount has settled a multi-state antitrust suit over its $110 billion merger with Warner Bros. Discovery, agreeing to distribute a set number of films annually and to safeguard CBS News and CNN’s editorial independence. The deal clears a major hurdle but integration and staffing questions remain as regulators, executives, and staff brace for the next phase.
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.
The Guardian reports Clarkson urges a single Britflix to survive streaming era; Reuters notes Channel 4 and the BBC are weighing collaboration amid funding pressures and audience fragmentation. Both pieces frame pressure on UK public-service media as competition from global platforms grows.
Prediction markets expect a strong September jobs figure, with around six-figure gains possible and a 60% chance of more than 90,000 payrolls. August’s rebound supports a higher bar, while the Fed weighs inflation in its policy path. Official data from the Bureau of Labor Statistics will set the verdict Friday at 8:30 a.m. ET.
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.
Skydance has closed its landmark merger, uniting Paramount and Warner Bros. Discovery to form a media powerhouse. The deal brings HBO Max, Paramount+, CNN, CBS News, and iconic film titles under one umbrella, with Ellison and Kreiz leading the new group. The integration plan and pricing strategy remain uncertain as the company outlines its faster path to scale.
The government has extended the autopay-driven interest reduction through June 2028, expanding relief for borrowers on the Save plan and others returning to repayment. Auto pay enrolment by Dec. 31 is required for the 1% reduction; for those already enrolled, the discount remains in place. Default and forbearance-related risks persist as millions face repayment.
Skydance has completed its $111 billion merger, uniting Paramount Pictures and Warner Bros. Discovery under one umbrella and creating a media giant that also includes CNN, CBS News, HBO Max and Paramount+. The deal promises a future of unified streaming, cost savings, and potential job impacts across film and news divisions.
60 Minutes has rebounded in viewership this season, reaching about 10.2 million viewers for a recent episode, according to Nielsen data. The numbers follow a weaker season debut and reflect a broader reboot under Nick Bilton and Bari Weiss. The program is navigating leadership changes while pursuing stable ratings and social reach.
The FCC is considering a request that would allow political groups to run AI-generated robocalls without prior consent. The move has prompted warnings of misinformation and voter manipulation ahead of midterm elections. Public comment is open, with a decision expected later this fall.
HBO confirms a limited five-episode revival of Girls with Lena Dunham and most of the core cast returning. Production starts in 2027; Adam Driver’s participation is not confirmed. Judd Apatow will return as executive producer.
Netflix has announced significant leadership changes and a major round of layoffs as it grapples with slowing engagement and fierce competition. The company has replaced Bela Bajaria with Peter Rice and is restructuring its film unit, while still pursuing a streaming-first strategy and exploring limited theatrical windows for certain titles.
The documentary on Elon Musk has seen shifting release plans as studios negotiate distribution. TikTok has suspended an associated account over political content, while HBO’s airing remains in question as Universal reassesses international rights.
Netflix has appointed Peter Rice to replace Bela Bajaria as Chief Content Officer, as the company seeks to accelerate growth and diversify its slate. The move follows recent layoffs and ongoing concerns about engagement, with Rice bringing experience from Disney and Fox to oversee global content, including live sports and events.
Christiane Amanpour has announced she will separate from CNN after 43 years. She has said her nightly CNN International programme will be reduced to once a week early next year, end in May, and she will depart the network in June 2027; her PBS show will end this year and she will continue her podcast.
Anthropic is guiding investors toward a lower IPO valuation after disclosures show $895.4 billion in compute commitments and continuing quarterly losses as it scales AI infrastructure ahead of its public debut.
Skydance has secured equity injections as Paramount and Warner Bros. Discovery merge under its banner. Elon Musk’s roughly $1 billion investment deepens ties with Larry Ellison’s family as the new media empire targets at least $6 billion in annual cost savings amid a heavy debt load.