Paramount's merger with Skydance and its takeover of Warner Bros. Discovery

Active · last development Sep 23, 2026: “Elon Musk Could Gain a Stake in CNN and CBS. A Media Scholar Says the Biggest Risk Isn’t Direct Control”

What this arc covers

Paramount's transformation under David Ellison: its merger with Skydance, approved by the FCC in 2025 after Skydance's commitments on diversity programs and a CBS News ombudsman, then its pursuit of Warner Bros. Discovery, including the bidding war with Netflix, the hostile bids and lawsuit, the agreed takeover and its regulatory approvals, and the challenges from states and Hollywood unions and their settlement.

Photo from BizPac Review, with Elon Musk Could Gain a Stake in CNN and CBS. A Media Scholar Says the Biggest Risk Isn’t Direct Control (Sep 23, 2026), the story with the most independent sources this week.

Earliest story we hold Jan 31, 2024 · 82 stories · 234 independent sources (counted once each) · 966 days

Where it standsnewest first · each bar runs left to right by leaning

Sep 23– 252026Elon Musk Could Gain a Stake in CNN and CBS. A Media Scholar Says the Biggest Risk Isn’t Direct Control9 articles · 9 independent sources
3 left, 1 center, 1 right
Sep 22– 232026CNN Mood ‘Like a Funeral’ as Paramount’s Warner Bros. Win Casts New Haze on Next Steps5 articles · 5 independent sources
0 left, 0 center, 3 right
Sep 22– 242026Paramount to Raise $7.5 Billion More in Debt to Fund Warner Bros. Deal7 articles · 5 independent sources
3 left, 0 center, 0 right

Key momentsthe most covered; every story is below

  1. Jul 8 – 10, 2024Paramount and Skydance are merging — here are 3 questions we have about the deal57 articles · 37 independent sources
  2. Jul 24 – 25, 2025FCC clears way for $8 billion Paramount-Skydance merger58 articles · 37 independent sources
  3. Dec 5 – 6, 2025Netflix to buy Warner Bros. in $83 billion deal to create a streaming giant123 articles · 69 independent sources
  4. Dec 8 – 9, 2025Paramount's hostile bid on Warner Bros82 articles · 46 independent sources
  5. Feb 24 – 27, 2026Netflix backs out of Warner Bros bidding war after Paramount made 'superior' offer96 articles · 44 independent sources
    1. Feb 24, 2026Warner Bros. Discovery may upend Netflix deal after getting revised bid from David Ellison’s Paramount
    2. Feb 25, 2026Warner Bros. Discovery deems Paramount's takeover bid superior to Netflix deal
  6. Jul 12 – 15, 202612 states sue to block merger between Paramount, Warner Bros. Discovery53 articles · 44 independent sources
    1. Jul 12, 2026Only lean-right coverage:Antitrust lawsuit on Paramount-Warner Bros. merger is just a ploy to stoke anti-Trump hate before midterms
    2. Jul 13, 2026States sue to block Paramount’s Warner Bros. Discovery takeover
    3. Jul 14, 2026Writers Guild of America seeks to block Paramount’s buyout of Warner in latest merger challenge
  7. Sep 16 – 23, 2026States settle lawsuit over Paramount-Warner merger, clearing key hurdle for $81 billion deal190 articles · 94 independent sources
    1. Sep 16, 2026Paramount May Be Bluffing About Leaving California, But L.A. Mayor Taking It Seriously
    2. Sep 18, 2026Paramount and California AG Bonta Reportedly in ‘Advanced Talks’ to Settle Antitrust Suit
    3. Sep 19, 2026Paramount, California settlement talks accelerate, potentially moving Warner Bros. merger closer
    4. Sep 20, 2026Paramount nears merger settlement, but some key state AGs are not on board yet
    5. Sep 22, 2026What the Paramount-Warner Bros. merger settlement means for Hollywood

Who covered it, over timeindependent sources per week, by side

Jan 2024Aug 2024Feb 2025Sep 2025Mar 2026Sep 2026

LeftCenterRight

Point at or tap a week to see its count by side.

Every week as a table
Week ofLeftCenterRightArticles
Jan 29, 20242125
Apr 15, 20241114
Apr 22, 20241113
Apr 29, 202469641
May 27, 20240112
Jun 3, 20241116
Jun 10, 20241023
Jul 1, 20241304
Jul 8, 2024510442
Aug 19, 20242218
Aug 26, 202434015
Jun 9, 202558626
Jun 30, 20250113
Jul 21, 2025613856
Jul 28, 20251103
Aug 4, 20250123
Sep 8, 202526218
Oct 20, 202526212
Oct 27, 202544220
Nov 17, 20253014
Dec 1, 2025102111111
Dec 8, 20257208120
Dec 15, 2025515460
Dec 22, 202528224
Jan 5, 202647337
Jan 12, 202634313
Jan 19, 2026212437
Feb 2, 20262114
Feb 9, 20261205
Feb 16, 202617325
Feb 23, 202613236100
Mar 2, 202635322
Mar 16, 20260112
Apr 20, 202659535
Jun 8, 202636526
Jul 6, 20261216
Jul 13, 2026142711120
Jul 20, 2026162211137
Aug 3, 202628851
Aug 10, 202634620
Aug 17, 202647429
Aug 24, 202648322
Sep 14, 2026241134
Sep 21, 2026242716149

Stories before June 28, 2026 come from archived pages, so who covered them is limited to the outlets we recovered for that period.

22% left · 61% center · 17% right of 234 independent sources among the outlets we track, across 82 stories.

Every storyoldest first

  1. January 2024

    Jan 31Byron Allen Makes $14B Offer to Buy Paramount Global10 articles · 8 independent sources
    2 left, 1 center, 2 right
  2. April 2024

    Apr 19Sony In Talks To Team With Apollo In Bid For Paramount Global7 articles · 5 independent sources
    1 left, 1 center, 1 right
  3. Apr 26– 30Paramount CEO Bob Bakish resigns amid merger talks41 articles · 25 independent sources
    6 left, 6 center, 5 right
  4. May 2024

    May 2– 3Sony Pictures and private equity firm interested in buying Paramount for $26 billion, AP source says16 articles · 16 independent sources
    5 left, 4 center, 2 right
  5. May 30– Jun 3Paramount and Skydance agree to terms of a merger deal11 articles · 9 independent sources
    1 left, 2 center, 1 right
  6. June 2024

    Jun 11– 12Paramount Owner Shari Redstone Ends Merger Talks with David Ellison’s Skydance11 articles · 7 independent sources
    1 left, 0 center, 2 right
  7. July 2024

    Jul 2– 3It looks like a deal between Paramount and Skydance is back on7 articles · 7 independent sources
    1 left, 3 center, 0 right
  8. Jul 8– 10Paramount and Skydance are merging — here are 3 questions we have about the deal57 articles · 37 independent sources
    5 left, 10 center, 4 right
  9. August 2024

    Aug 20– 22Paramount extends its Skydance go-shop period to consider acquisition bid from Edgar Bronfman15 articles · 9 independent sources
    2 left, 2 center, 1 right
  10. Aug 27Edgar Bronfman Jr. dropped Paramount bid after running out of time to secure financing18 articles · 15 independent sources
    3 left, 4 center, 0 right
  11. June 2025

    Jun 9Warner Bros. Discovery to split cable TV networks from streaming, Hollywood studios32 articles · 26 independent sources
    5 left, 8 center, 6 right
  12. July 2025

  13. Jul 24– 25FCC clears way for $8 billion Paramount-Skydance merger58 articles · 37 independent sources
    6 left, 11 center, 6 right
  14. August 2025

    Aug 5– 7Paramount Skydance Merger Finally Closes7 articles · 6 independent sources
    0 left, 1 center, 2 right
  15. September 2025

    Sep 11– 12Paramount Skydance prepping bid to buy Warner Bros. Discovery: report22 articles · 18 independent sources
    2 left, 6 center, 2 right
  16. October 2025

  17. Oct 27– 29Paramount Layoffs Begin; CEO David Ellison Says Cuts Are Key To Building “Strong, Future-Focused Company”26 articles · 17 independent sources
    4 left, 4 center, 2 right
  18. November 2025

    Nov 20– 21Paramount, Netflix & Comcast Submit Warner Bros Discovery Bids8 articles · 7 independent sources
    3 left, 0 center, 1 right
  19. December 2025

    Dec 4Paramount Calls WBD Sale Process "Tilted And Unfair" In Letter To CEO David Zaslav5 articles · 5 independent sources
    0 left, 1 center, 2 right
  20. Dec 5– 6Netflix to buy Warner Bros. in $83 billion deal to create a streaming giant123 articles · 69 independent sources
    10 left, 20 center, 11 right
  21. Dec 6– 8Trump says Netflix deal to buy Warner Bros. 'could be a problem' because of size of market share38 articles · 26 independent sources
    3 left, 7 center, 4 right
  22. Dec 8– 9Paramount's hostile bid on Warner Bros82 articles · 46 independent sources
    4 left, 14 center, 4 right
  23. Dec 9– 11Trump says Warner Bros. deal should include sale of CNN19 articles · 13 independent sources
    3 left, 2 center, 4 right
  24. Dec 17Jared Kushner’s firm exits takeover battle for Warner Bros Discovery17 articles · 13 independent sources
    1 left, 2 center, 3 right
  25. Dec 17– 18Warner Bros. urges shareholders to reject hostile Paramount offer52 articles · 31 independent sources
    5 left, 13 center, 3 right
  26. January 2026

    Jan 7– 8Warner Bros rejects Paramount takeover again and tells shareholders to stick with Netflix bid44 articles · 31 independent sources
    4 left, 7 center, 3 right
  27. Jan 12Paramount files lawsuit in pursuit of Warner Bros. Discovery and threatens proxy fight11 articles · 11 independent sources
    2 left, 4 center, 2 right
  28. Jan 20– 21Netflix intensifies bid for Warner Bros making its $72 billion offer all cash - Boston News, Weather, Sports37 articles · 25 independent sources
    2 left, 11 center, 4 right
  29. Jan 22Paramount pushes the deadline to approve its offer to buy Warner Bros. Discovery5 articles · 4 independent sources
    0 left, 2 center, 0 right
  30. February 2026

    Feb 5Trump says he'll stay out of the Netflix-Paramount fight over Warner Bros.5 articles · 5 independent sources
    2 left, 1 center, 1 right
  31. Feb 10Paramount sweetens hostile bid to stop Netflix-Warner Bros. deal5 articles · 5 independent sources
    1 left, 2 center, 0 right
  32. Feb 16– 17Warner Bros reopens takeover talks with Paramount after receiving a waiver from Netflix28 articles · 21 independent sources
    1 left, 7 center, 3 right
  33. Feb 24Warner Bros. gets new offer from Paramount in heated fight for storied studio8 articles · 5 independent sources
    1 left, 2 center, 0 right
  34. Feb 24– 27Warner Bros. agrees to be acquired by Paramount in $110 billion deal, reports say23 articles · 17 independent sources
    3 left, 6 center, 2 right
  35. Feb 24Warner Bros. Discovery Confirms Paramount Sent Revised Bid, but Doesn’t Divulge New Terms5 articles · 5 independent sources
    1 left, 1 center, 0 right
  36. Feb 24– 27Netflix backs out of Warner Bros bidding war after Paramount made 'superior' offer96 articles · 44 independent sources
    8 left, 17 center, 6 right
  37. March 2026

    Mar 2– 3HBO Max & Paramount+ to combine into one streaming service22 articles · 16 independent sources
    3 left, 4 center, 2 right
  38. Mar 16– 17Warner Bros CEO David Zaslav in line for $700m payout from Paramount deal6 articles · 5 independent sources
    0 left, 1 center, 1 right
  39. April 2026

    Apr 23Warner Bros shareholders approve Paramount's $81 billion takeover of the Hollywood giant37 articles · 29 independent sources
    5 left, 9 center, 5 right
  40. June 2026

    Jun 10EU investigates Paramount-WBD merger for Middle Eastern investment5 articles · 4 independent sources
    0 left, 1 center, 0 right
  41. Jun 12– 13DOJ signs off on Paramount's acquisition of Warner Bros. Discovery29 articles · 20 independent sources
    3 left, 5 center, 5 right
  42. July 2026

    Jul 8– 11Oregon D.A. Drops Motion to Delay Paramount-Warner Bros. Merger6 articles · 3 independent sources
    0 left, 1 center, 0 right
  43. Jul 9– 15Union sues to stop $110B Paramount-Warner Bros. merger17 articles · 13 independent sources
    3 left, 5 center, 3 right
  44. Jul 12– 1512 states sue to block merger between Paramount, Warner Bros. Discovery53 articles · 44 independent sources
    8 left, 17 center, 7 right
  45. Jul 13– 1412 states challenge Paramount's takeover of Warner, say merger would 'extinguish competition'30 articles · 24 independent sources
    3 left, 5 center, 3 right
  46. Jul 14– 17Judge plans to rule next week on Paramount, Warner Bros.8 articles · 7 independent sources
    0 left, 1 center, 1 right
  47. Jul 14– 20Judge orders pause on Paramount-Warner merger after challenge from 12 states19 articles · 17 independent sources
    3 left, 4 center, 3 right
  48. Jul 14– 15Writers Guild of America seeks to block Paramount’s buyout of Warner in latest merger challenge12 articles · 12 independent sources
    1 left, 1 center, 0 right
  49. Jul 16– 17California AG Rob Bonta says a CNN spin-off wouldn’t resolve Paramount–WBD lawsuit9 articles · 9 independent sources
    0 left, 1 center, 1 right
  50. Jul 16– 22Judge Temporarily Blocks Paramount-Warner Bros. Discovery 'Megamerger'28 articles · 24 independent sources
    5 left, 7 center, 4 right
  51. Jul 19States fear Paramount-Warner deal will squeeze local movie theaters6 articles · 1 independent sources
    1 left, 1 center, 1 right
  52. Jul 20– 21Judge says Paramount and Warner must halt merger for at least two weeks, granting states' request36 articles · 31 independent sources
    7 left, 5 center, 0 right
  53. Jul 20Paramount–WBD merger on pause as judge issues temporary restraining order11 articles · 11 independent sources
    0 left, 4 center, 1 right
  54. Jul 21– 26Paramount agrees to pause merger during California court case26 articles · 22 independent sources
    2 left, 5 center, 6 right
  55. Jul 22– 23European Union gives its greenlight to Paramount and Warner's mega merger with some conditions26 articles · 23 independent sources
    0 left, 2 center, 5 right
  56. Jul 24– 25Paramount delays closing Warner buyout while judge considers states' challenge7 articles · 5 independent sources
    1 left, 2 center, 0 right
  57. Jul 24Paramount agrees to delay closing its Warner Bros buyout for months while judge considers challenge13 articles · 4 independent sources
    1 left, 2 center, 0 right
  58. August 2026

    Aug 4Ellison defends Paramount merger, argues he can 'be trusted as a steward of CNN’22 articles · 19 independent sources
    1 left, 3 center, 5 right
  59. Aug 4– 6UK won't intervene in Paramount's $81 billion takeover of Warner Bros. Discovery36 articles · 29 independent sources
    1 left, 6 center, 4 right
  60. Aug 9– 14If Paramount Leaves California, It Might Cut Costs but Wouldn’t Save on State Taxes20 articles · 15 independent sources
    2 left, 3 center, 6 right
  61. Aug 10– 14Hollywood unions split: DGA, IATSE seek settlement while WGA fights to block Paramount-Warner merger4 articles · 3 independent sources
    0 left, 0 center, 1 right
  62. Aug 12– 13Mary McNamara: David Ellison made himself the best argument for blocking the Paramount-Warner Bros. deal3 articles · 2 independent sources
    1 left, 0 center, 1 right
  63. Aug 13Powerful Hollywood unions issue urgent warning over California’s war with Paramount3 articles · 3 independent sources
    0 left, 0 center, 2 right
  64. Aug 14– 19Paramount wants a $1.9 billion bond from state AGs fighting the Warner Bros. merger20 articles · 18 independent sources
    3 left, 3 center, 3 right
  65. Aug 18– 19Top three movie theater chains urge California to settle Paramount lawsuit in win for David Ellison7 articles · 6 independent sources
    0 left, 0 center, 3 right
  66. Aug 19– 21Proposed Paramount-Warner Bros. merger risks 4,500 LA film and TV jobs, report warns8 articles · 8 independent sources
    1 left, 4 center, 2 right
  67. Aug 20– 21L.A. Mayor Karen Bass on ongoing dispute over Paramount-WBD merger5 articles · 5 independent sources
    0 left, 2 center, 1 right
  68. Aug 22– 25California AG calls off Paramount settlement talks, accuses company of ‘playing games’33 articles · 25 independent sources
    4 left, 8 center, 5 right
  69. September 2026

    Sep 16– 23States settle lawsuit over Paramount-Warner merger, clearing key hurdle for $81 billion deal190 articles · 94 independent sources
    22 left, 26 center, 18 right
  70. Sep 17– 18FCC grants Paramount’s indirect ownership request for Gulf funds in Warner Bros. Discovery buyout12 articles · 12 independent sources
    2 left, 1 center, 1 right
  71. Sep 20Mark Ruffalo urges California AG Rob Bonta not to 'cave' in Paramount-Warner Bros. merger fight5 articles · 5 independent sources
    0 left, 0 center, 2 right
  72. Sep 21Paramount reaches deal with California, other states over Warner Bros. Discovery merger3 articles · 1 independent sources
    0 left, 1 center, 0 right
  73. Sep 22– 24Paramount to Raise $7.5 Billion More in Debt to Fund Warner Bros. Deal7 articles · 5 independent sources
    3 left, 0 center, 0 right
  74. Sep 22– 23CNN Mood ‘Like a Funeral’ as Paramount’s Warner Bros. Win Casts New Haze on Next Steps5 articles · 5 independent sources
    0 left, 0 center, 3 right
  75. Sep 23– 25Elon Musk Could Gain a Stake in CNN and CBS. A Media Scholar Says the Biggest Risk Isn’t Direct Control9 articles · 9 independent sources
    3 left, 1 center, 1 right