The Paramount logo is displayed on the water tower at Paramount Studios on October 30, 2025 in Los Angeles, California. Mario Tama | Getty Images Paramount Skydance on Thursday extended the deadline on its hostile tender offer for Warner Bros Discovery by about a month to February 20, buying more time to persuade investors that … Read more
A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sign up to receive future editions, straight to your inbox. NBC is about to have itself a “legendary” month. “Legendary February,” a marketing tagline invented … Read more
In this photo illustration, a person holds a smartphone showing Ani, an anime-style virtual assistant character featured in the Grok 4 AI chatbot developed by xAI, with the Grok logo visible in the background on July 16, 2025 in Chongqing, China. Cheng Xin | Getty Images Elon Musk’s xAI is now facing an investigation in … Read more
A person walks into the One Franklin Square Building, home of The Washington Post newspaper, June 21, 2024, in Washington. Alex Brandon | AP FBI agents searched a Washington Post reporter’s home on Wednesday as part of a leak investigation involving a Pentagon contractor accused of sharing classified information, the Justice Department said. Hannah Natanson, who has been covering President Donald Trump’s transformation … Read more
Thomas Fuller | Lightrocket | Getty Images Tubi hit profitability this year doing what other streaming services are trying to: attract younger audiences who are willing to sit through ads. The Fox Corp.-owned free streaming platform has long been among a sort of second tier of streaming services alongside lower-budget and less popular offerings like … Read more
Ted Sarandos, left, co-CEO of Netflix, and David Zaslav, CEO of Warner Bros. Discovery. Mario Anzuoni | Mike Blake | Reuters Hours before Warner Bros. Discovery agreed to sell its studio and streaming assets to Netflix, Ted Sarandos, the co-CEO of Netflix, called WBD CEO David Zaslav to inform him Netflix wouldn’t be bidding any … Read more
US film producer David Ellison arrives for Paramount’s “Transformers: Rise Of The Beasts” premiere in New York City on June 5, 2023. Angela Weiss | Afp | Getty Images Paramount Skydance on Monday guaranteed the backing of billionaire Larry Ellison in an amended offer for Warner Bros. Discovery — a clear response to questions raised … Read more
There’s a new leader in college sports — the University of Texas at Austin. The school’s athletic program, which tops CNBC’s valuation rankings, is now worth $1.48 billion, 16% more than last year. In fiscal 2024, the program generated aggregate revenue of $332 million, more than any other school and 23% more than in the … Read more
CEO and President of Warner Bros. Discovery David Zaslav and CEO of Paramount Skydance, David Ellison. Mike Blake | Brendan McDermid | Reuters It’s time for everyone’s favorite holiday tradition — CNBC’s annual anonymous media executive predictions! CNBC spoke with 16 of the most powerful and influential executives in U.S. media, sports and entertainment, who … Read more
Jared Kushner, Founder & CEO, Affinity Partners, speaks during the second day of the FII PRIORITY Summit held at the Faena Hotel on Feb. 20, 2025 in Miami Beach, Florida. Joe Raedle | Getty Images Jared Kushner’s firm Affinity Partners has dropped out of Paramount Skydance‘s hostile takeover bid for Warner Bros. Discovery. “With two strong competitors vying … Read more