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Versant Media Group trades at a low P/E of 5.3, offering potential upside amid industry disruption. PSKY's likely acquisition of WBD could shift CNN and CBS coverage, benefiting VSNT's MS NOW and CNBC by attracting anti-Trump viewers. VSNT's acquisition of Free TV Networks positions it to capitalize on the growth of free ad-supported streaming and over-the-air digital networks.
Guru Stock PicksKen Fisher has made the following transactions:Reduce in DEO by 23.8%Sold out in VSHAdd in AMKR by 204.55%New position in BROChuck Royce has mad
FCC Chairman Brendan Carr tells CNBC that Paramount's bid to buy Warner Bros. Discovery is "cleaner" than Netflix's, adding he expected it to be approved "pretty quickly.
Credit rating agency Fitch Ratings downgraded Paramount Skydance and Paramount Global's ratings to junk status late on Monday following the media company's proposed acquisition of Warner Bros Discovery.
Paramount (PSKY, Financials) was downgraded to junk status by Fitch Ratings after agreeing to acquire Warner Bros Discovery (WBD, Financials), a move expected t
Warner Bros. Discovery's board backs PSKY's revised $31-per-share cash bid, citing stronger terms and added deal protections.
FCC Chairman Brendan Carr told CNBC on Tuesday that Paramount's offer to buy Warner Bros. Discovery is a "good deal" that will be approved "quickly.
Stock News Hormuz disruption risks energy shock: Exxon Mobil (XOM) and global markets face rising supply risks as Iran claims to have shut the Strait of Hormuz;
U.S. Federal Communications Commission Chair Brendan Carr has signaled that the watchdog will not seek to block Paramount's $110 billion deal to buy Warner Bros and played down competition concerns over a combination of CBS and CNN, the Financial Times reported on Tuesday.
The $81 billion deal for Warner Bros. Discovery is highly complex and poses credit risks, Fitch Ratings said.
Stock News Oil surge hits travel, lifts energy: As the Strait of Hormuz faces attacks and insurers pull coverage, oil jumped ~6% and diesel spiked, pressuring a
Beyond the headlines out of Iran and crude oil's volatile upside move, Marley Kayden and Sam Vadas turn to other notable takeaways from Monday's session. Among them: consolidation in Warner Bros.
Billionaire Paramount Skydance chief announces plan days after winning takeover battle for Warner Bros Discovery
Following the surprising news that Netflix had withdrawn its bid to acquire Warner Bros. Discovery (WBD), Paramount Skydance stepped in to purchase the company.
Paramount Skydance CEO David Ellison's $6 billion in planned cost cuts as part of a merger with Warner Bros. Discovery has triggered fears of devasting layoffs as two of Hollywood's largest studios and streamers move to combine, according to reports.
Paramount executives stressed today that once merged with Warner Bros. Discovery, the company combined has no plans to unload any legacy cable networks. CEO David Ellison and COO and Chief Strategy Officer Andy Gordon were asked about that several times by analysts on a call.
Ted Sarandos said he knew "right away" Netflix would decline to counter Paramount's winning attempt to buy Warner Bros. Discovery and added President Trump's role was overestimated.
Netflix stock gets an upgrade by analyst after the company walks away from a high-priced merger with Warner Bros. Discovery.
A Netflix Inc (NASDAQ: NFLX) analyst is upgrading the rating on the streaming stock after the company chose not to raise its bid for Warner Bros. Discovery (NASDAQ: WBD) and is putting capital to use elsewhere.
Paramount Skydance has a good feeling about European approval for its $111B takeover of Warner Bros. Discovery (WBD). Andy Gordon, Par's Chief Strategy Officer and Chief Operating Officer, told Wall Street analysts that his company had “already made significant progress in securing regulatory clearances globally” prior to the WBD dramatically deal closing last week.