(RTTNews) - Mark Thompson will remain chairman and editor-in-chief of CNN as Paramount Skydance's (PSKY) acquisition of Warner Bros. Discovery takes effect Tuesday, bringing the news network under the newly named Skydance. Thompson will report to Skydance CEO David Ellison and co

Mark Thompson To Remain CNN Chief 

Paramount Skydance (NasdaqGS: PSKY) and Warner Bros. Discovery secured key U.S. regulatory and legal approvals for their merger after a U.S. District Court modified its prior no-close order. The combined group agreed to a consent decree with 12 U.S. states that sets post-merger rules on film release quotas, streaming obligations, and staff minimums. A separate settlement with the Writers Guild includes financial commitments that will shape how the merged studio structures content production...

Paramount Skydance (PSKY) Clears Merger Hurdles And Names Ynon Kreiz Co CEO

In early trading on Thursday, shares of Accenture topped the list of the day's best performing components of the S&P 500 index, trading up 21.5%.  Year to date, Accenture has lost about 17.0% of its value.

And the worst performing S&P 500 component thus far on the day i

S&P 500 Movers: CTVA, ACN  

A federal judge just cleared the final legal hurdle for one of Hollywood's biggest mergers, yet the buyer's stock is sinking fast. The reason comes down to a financing package that dwarfs the company's own market cap.

Paramount Skydance Falls 5% Despite Antitrust Clearance and $41.4B Debt Pricing, Warner Bros. Discovery Holds Flat; Netflix Eases

Yahoo Finance Executive Editor Brian Sozzi makes the case for why it was the right move for Mattel (MAT) CEO Ynon Kreiz to step down from his post to become the co-CEO of the newly merged Paramount (PSKY) and Warner Bros. Discovery (WBD).

Why Ynon Kreiz was the right choice for Paramount's co-CEO

Paramount Skydance (NASDAQ:PSKY) and Warner Bros. Discovery (NASDAQ:WBD) said they expect their previously announced merger to close on October 6, subject to customary closing conditions.

Paramount Skydance and Warner Bros. Discovery Expect Merger to Close October 6

Paramount Skydance Corporation operates as a media and entertainment company worldwide. It operates in three segments: Studios, Direct-to-Consumer, and TV Media. The company operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; and domestic premium and basic cable networks, such as Nickelodeon, MTV, CMT, Comedy Central, BET, Paramount+ with SHOWTIME, Paramount Network, The Smithsonian Channel, BET Media Group, CBS Sports Network, and international extensions of these brands. It also provides domestic and international television studio operations, including CBS Studios, Paramount Television Studios, and Showtime; CBS Media Ventures, which produces and distributes first-run syndicated programming; and digital properties consist of CBS News and CBS Sports HQ. In addition, the company offers a portfolio of domestic and international pay and free streaming services, including Paramount+, Pluto TV, and BET+. Further, it produces and acquires films, series, and short-form content for release and licensing worldwide, including in theaters, on streaming services, on television, through home entertainment, and DVDs, Blu-ray; and operates a portfolio consisting of Paramount Pictures, Paramount Players, Paramount Animation, Nickelodeon Studio, and Miramax. It provides production, distribution, and advertising solutions. The company was founded in 1914 and is headquartered in New York, New York.

Paramount Skydance Corporation News