Paramount’s offer “represents the best path forward” for Warner Bros shareholders, Paramount said in a statement on Thursday.

Paramount Skydance gained fresh ammunition in its campaign to convince Warner Bros Discovery shareholders that its $108.4 billion bid for the storied Hollywood studio, HBO, and Discovery Channel is the better offer: the market's response to Comcast's spin-off.

Paramount Skydance is exploring bringing on a strategic partner for MTV as it looks to reinvent the cable brand for a digital future, according to Bloomberg. The outlet reports that the media giant has hired financial advisors to identify a strategic partner that would invest money in the network and offer additional assistance,

The media company said it remains committed to the $82.7 billion deal it reached in December to sell its streaming service, studio and HBO cable channel to Netflix.

Something's got to give - as seen with Versant Media Group, the spinoff company of Comcast Corp., on the first day trading as a public company. It closed down 13% to $40.57.

After Paramount Skydance’s across-the-board layoffs last week, TV Media chair George Cheeks unveiled a new leadership structure for the company’s cable brands. Cheeks, in a memo sent Tuesday to staffers that was obtained by Variety, said the goal for ...