Warner Bros. Discovery said last month it would explore strategic options for the company after receiving unsolicited takeover offers.
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Paramount Skydance (PSKY), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2025.
Zas is also betting that "even if the DOJ says 'no' to any of these potential suitors, he can turn to the federal courts to overturn its decision because the antitrust case isn't very strong," a source said.
Paramount remains the frontrunner in a potential Warner Brothers Discovery merger, but the rumored asking price is unjustified. PSKY's sports portfolio, especially March Madness and NFL deals, continues to drive strong profitability and underpins much of its enterprise value. Recent missteps in scripted content, including losing top talent like Taylor Sheridan, raise concerns about the ongoing viability of Paramount's entertainment assets, heretofore one of their biggest strengths.
Paramount is the latest company to join the bloodbath of layoffs this week.
Paramount Skydance began the process of laying off roughly 1,000 employees on Wednesday. The total amount of cuts is expected to reach 2,000.
Paramount Skydance plans to keep much of Warner Bros Discovery intact if the two companies merge, with CEO David Ellison aiming to retain creative teams at both studios while streamlining marketing and distribution, Bloomberg News reported on Monday.
Sheridan's hits for Paramount include “Tulsa King” and “Landman.” In addition to TV shows, he will make movies for NBCUniversal.
The Writers' Guild of America is condemning the potentially disastrous impacts of a merger between Paramount and Warner Bros. Discovery.
David Ellison's Paramount Skydance is seen as the top contender to buy Warner Bros Discovery, with analysts and experts saying the tech scion's access to deep pockets and Washington ties give him an edge in what could be the media industry's biggest merger in years.
David Ellison's Paramount Skydance is seen as the top contender to buy Warner Bros Discovery, with analysts and experts saying the tech scion's access to deep pockets and Washington ties give him an edge in what could be the media industry's biggest merger in years.
Warner Discovery CEO David Zaslav was offered a role at the combined companies as part of the Ellison overture.