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Paramount agrees to delay WBD acquisition to as late as June 2027 amid legal challenge

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Jakub Porzycki | Nurphoto | Getty ImagesParamount Skydance has agreed to delay its proposed acquisition of Warner Bros. Discovery to as late as June 2027 — a multi-month delay that…

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How Roku fits into Fox’s future — and what investors are missing about the deal

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The Fox Corp. headquarters are seen on June 15, 2026, in New York City.Michael M. Santiago | Getty ImagesThe media industry has long been preparing for consolidation and mega deals.…

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Paramount, WBD hit with lawsuit from 12 states, including California, to block merger

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A group of 12 state attorneys general filed a lawsuit Monday challenging Paramount Skydance's proposed acquisition of Warner Bros. Discovery.The lawsuit, which came after weeks of speculation on if and…

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Netflix stock falls as earnings forecast disappoints, company says it will give fewer engagement updates

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The Netflix logo is seen on the roof of an office building in Los Angeles, California, on April 16, 2026.Michael Yanow | Nurphoto | Getty ImagesNetflix reported second-quarter revenue and…

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Paramount still plans to close WBD merger by end of September despite lawsuit

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Paramount Skydance is still aiming to close its proposed acquisition of Warner Bros. Discovery by the end of September despite a recent lawsuit filed by state attorneys general challenging the…

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Versant agrees to buy golf simulator company Full Swing for $530 million

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Versant Media Group, the owner of cable networks including CNBC, MS NOW and the Golf Channel, has agreed to acquire golf simulation company Full Swing from private equity firm Bruin…

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Comcast announces it will spin off NBCUniversal and Sky from cable business

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Cheng Xin | Getty ImagesComcast said Monday it plans to spin off its remaining media business into a new publicly traded company as it looks to better compete in a…

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Comcast’s NBCUniversal spinoff raises hope for more deals. There may not be good options

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Comcast logo on the wall of a building at Universal Studios in Orlando, Florida, July 18, 2019.Roberto Machado Noa | Lightrocket | Getty ImagesAnalysts think Comcast is priming for deals.…

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‘Heated Rivalry’ fuels a boom in gay romance stories, with women leading the fandom

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Hudson Williams and Connor Storrie in HBO Max's 'Heated Rivalry.'Courtesy: Sabrina Lantos | HBO MaxWhen the holiday season rolled around last year, Margaret Hecox knew exactly what her grandmother would…

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A year after Meta tapped Alexandr Wang to build a new AI model, Zuckerberg has to sell it

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A year after spending over $14 billion to bring in Alexandr Wang and a group of his top Scale AI engineers to revamp its artificial intelligence efforts, Meta is at…