Employees, about 16,000 of them, are sitting on one of the best stock trades in the media business in recent years.

Paramount beat off competition from Netflix to take over Warner Bros., which owns CNN, in a deal that has raised some concerns.

Deep in the middle of a tough reelection campaign, Karen Bass has discovered the middle of the road can be a very politically dangerous place with few good options. To that, the incumbent Mayor has today snagged the Hollywood production and competition proposals of her most threatening rival.

Paramount Skydance is asking the Federal Communications Commission to approve the Middle East's equity investment in its $110 billion merger with Warner Bros. Discovery. According to a public notice by the FCC on Monday,

Paramount and Warner Bros. are two of Hollywood’s oldest studios. A merger would mean fewer companies control legacy film production.

While David Ellison has set a lofty goal for Paramount to release 30 films a year, there's no recent precedent for such a haul.

Paramount’s ambitious push to reshape the entertainment industry is now facing a direct challenge from the very audience it seeks to capture. Just days after securing a massive $110 billion deal for Warner Bros.