What Paramount’s Winning Warner Bid Means: More Movies, More Debt and a CNN in Question

The Wrap
By Sharon WaxmanFeb 26, 2026, 8:43 pm34 pts
It was all over in an instant. After six months of pursuing a rare and acrimonious hostile takeover, the billionaire family that owns Paramount Global conglomerate won Warner Bros. Discovery on Thursday, a legendary Hollywood studio and streaming service saddled with declining legacy cable networks. The board…

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