David Ellison

Entertainment

Variety, citing Semafor, says CEO David Ellison is considering Musk among a number of wealthy potential investors as he seeks fresh capital for a merged Paramount–Warner Bros.

World & Business

Variety says the deal would bring major film and TV franchises under one roof. Separately, a post describing layoff fears at CNN says Paramount expects at least $6 billion in cost savings.

World & Business

A post describing the settlement says Paramount Skydance would have to maintain Pluto TV, or another free ad-supported streaming television service, for five years.

World & Business

Bloomberg reports that settlements with 12 state attorneys general and the Writers Guild will allow the company to close its $110 billion acquisition.

Entertainment

Variety says Paramount pledged an additional $300 million annually for U.S. film production and an independent board intended to maintain editorial independence at CNN and CBS News.