Report
Paramount closes Warner Bros. Discovery deal, forming Skydance
Reuters reports Mark Thompson will remain CNN’s chairman and editor-in-chief under Skydance as Ellison unveils its leadership team.
TLDR
The New York Times and AP report that Paramount has closed its acquisition of Warner Bros. Discovery, forming a company called Skydance. The New York Times says it brings together Hollywood studios, streaming services and cable networks. Reuters reports Ellison retained Mark Thompson as CNN chief while unveiling the leadership team; Thompson will remain CNN’s chairman and editor-in-chief.
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