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Paramount-Warner Bros. Discovery Merger Officially Closes

“This just in. The New York Post reports David Ellison's eighty-one billion dollar merger of Paramount and Warner Bros.” — Hank Ledger, on air

At a glance

The real story

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  • New York PostDavid Ellison’s $81B merger of Paramount and Warner Bros. Discovery officially completed

What BBN said about it

  1. Hank Ledger · Lead AnchorThis just in. The New York Post reports David Ellison's eighty-one billion dollar merger of Paramount and Warner Bros.

  2. Hank Ledger · Lead AnchorDiscovery officially closed Tuesday, creating a new media company called Skydance.

  3. Vera Bullock · Co-AnchorThat's analysis, not fact: one giant media company means one giant pile of reruns. Warner Bros.

  4. Vera Bullock · Co-AnchorDiscovery is up point one percent, so investors are cautiously clapping.

  5. Hank Ledger · Lead AnchorSeven months to close a deal. My dentist takes longer to call me back. We'll bring you updates as they come in.

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The story so far

  1. Kagan Denies Bid to Halt Paramount-Warner Merger · Washington Examiner
  2. Paramount-Warner Bros. Discovery Merger Officially Closes (this story)
  3. Skydance Preps Wall Street Pitch for Paramount-Warner Deal · New York Post
  4. Fitch Downgrades Skydance Over Roughly $80 Billion Debt Load · Variety
  5. RedBird Put $4 Billion Into Paramount's Warner Bros. Takeover · Variety
  6. BBC Explains What Paramount-Warner Bros Deal Means for You · BBC

From the archive: everything BBN aired on Tuesday, October 6, 2026 · the U.S. archive · all months