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.

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.

Paramount has noted it will be 49.5%-owned by non-U.S. investors after completing a planned merger with Warner Bros. Discovery. The stat came to light in a request Monday by Paramount for approval of the foreign ownership stake by the Federal Communications Commission.

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 Skydance CEO David Ellison sent a memo to employees celebrating the news that Warner Bros. Discovery shareholders approved the merger.

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 is launching a major Emmy campaign for Taylor Sheridan’s drama Landman, aiming to secure recognition after the show’s first season was overlooked. The push includes submissions for Billy Bob Thornton in lead acting and multiple supporting ...