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Media Acquisition

All articles tagged with #media acquisition

business23 days ago•1 min saved

Netflix Secures $25 Billion Credit for Warner Bros. Discovery Deal

Netflix has refinanced part of its $59 billion bridge loan to support its potential acquisition of Warner Bros Discovery's assets, including film, TV studios, and streaming services, in a deal that is expected to close after Warner Bros spins off its Global Networks unit in 2026. The refinancing includes a $5 billion revolving credit and two $10 billion delayed-draw loans, with about $34 billion remaining to be syndicated. Netflix's bid was successful in a competitive auction, beating a higher cash offer from Paramount Skydance.

via Reuters|

#bridge-loan #business #financing

business28 days ago•2 min saved

Warner Bros. Discovery Urges Rejection of Paramount Bid Amid Ongoing Battle

Paramount remains committed to its hostile bid to acquire Warner Bros. Discovery, despite WBD's board rejecting the offer, and warns that Netflix's deal to acquire only parts of WBD could worsen linear TV industry woes. Paramount emphasizes its offer's certainty and strong financing, positioning it as a superior option for shareholders, while signaling potential for increased bidding competition.

via Deadline|

#business #media-acquisition #netflix

business1 month ago•2 min saved

Netflix and Warner Bros. in High-Stakes Hollywood Battle

Netflix is committed to continuing theatrical releases of movies and aims to acquire part of Warner Bros. Discovery through an $83 billion deal, despite competition from Paramount Skydance and regulatory scrutiny, with executives emphasizing support for Hollywood jobs and content production.

via CBS News|

#business #media-acquisition #netflix

business2 months ago•4 min saved

Warner Bros. Faces Intense Bidding War Amid Financial Challenges

Paramount Skydance CEO David Ellison is persistently pursuing a takeover of Warner Bros. Discovery, viewing it as a strategic move to build a media empire, with potential political advantages linked to Trump administration support, despite WBD's rejection of his offers and concerns over regulatory hurdles globally.

via CNN|

#business #david-ellison #media-acquisition

business3 months ago•3 min saved

Paramount and CBS acquire The Free Press, appoint Bari Weiss as top editor

Paramount Skydance has acquired The Free Press for approximately $150 million, with Bari Weiss remaining CEO and editor-in-chief, and taking on a new role as editor-in-chief at CBS News, reporting directly to CEO David Ellison, in a move that could influence CBS's news coverage and editorial direction.

via Axios|

#bari-weiss #business #cbs-news

media3 months ago•2 min saved

Bari Weiss Named CBS News Editor-in-Chief After Paramount Acquisition

Paramount Skydance has acquired The Free Press, co-founded by Bari Weiss, who will become CBS News' editor-in-chief, as part of a strategy to modernize and diversify its news offerings, emphasizing independent journalism and ideological variety.

via NBC News|

#bari-weiss #cbs-news #media

media3 months ago•3 min saved

Bari Weiss Appointed CBS News Editor-in-Chief Amid Paramount's Acquisition of The Free Press

Bari Weiss has been appointed as CBS News editor-in-chief following Paramount's acquisition of her startup, The Free Press, for approximately $150 million, as part of a strategy to reshape CBS News with a focus on balanced, fact-based reporting and appealing to a broad American audience.

via CNN|

#bari-weiss #cbs-news #media

business4 months ago•2 min saved

David Ellison Emerges as Hollywood's New Power Player

David Ellison is officially interested in purchasing Warner Bros. Discovery, with potential backing from Donald Trump, while Warner Bros.' CEO David Zaslav is determined to sell only on his terms amidst competing offers, including one from the world's richest man.

via puck.news|

#business #david-ellison #hollywood

business4 months ago•2 min saved

Puck to Acquire Graydon Carter’s Air Mail

Puck is set to acquire Air Mail, a luxury-focused newsletter founded by Graydon Carter, which will become Puck’s weekend edition, consolidating their coverage of culture, politics, and glamour, with the deal largely paid in stock and expected to take months to finalize.

via The New York Times|

#air-mail #business #graydon-carter

media-and-journalism4 months ago•5 min saved

Bari Weiss's Potential CBS News Role Sparks Staff Concerns

CBS News is considering appointing Bari Weiss, founder of The Free Press, to a top leadership role as part of a deal for CBS to acquire The Free Press, signaling significant changes at CBS under new owner David Ellison, amidst broader industry scrutiny and internal reforms.

via The New York Times|

#bari-weiss #cbs-news #journalistic-changes

media-and-journalism4 months ago•3 min saved

Bari Weiss's Potential CBS News Role Sparks Staff Revolt

Bari Weiss is expected to take a leading role at CBS News following Paramount's near $200 million acquisition of her media outlet, The Free Press, signaling a potential shift towards a more conservative editorial stance under Skydance Media's ownership, amidst broader concerns about media bias and political influence.

via HuffPost|

#bari-weiss #cbs-news #conservative-shift

media4 months ago•3 min saved

Paramount Nears $200M Deal to Acquire Bari Weiss’ Free Press and Appoint Her to CBS News Leadership

Paramount is close to acquiring Bari Weiss's right-leaning news organization, Free Press, with Weiss expected to take a top role at CBS News, signaling a potential shift towards a more conservative approach in the network's coverage.

via TheWrap|

#bari-weiss #cbs-news #free-press

sports5 months ago•2 min saved

ESPN Nears $2 Billion NFL Media Deal Amid Rising Viewership

ESPN is close to finalizing a deal to acquire a significant portion of NFL Media, including NFL Network, Red Zone Channel, and some regular-season games, which could be worth around $2 billion. The deal, still pending approval from NFL owners and regulatory bodies, aims to strengthen ESPN's NFL content ahead of its upcoming direct-to-consumer streaming service launch in 2025.

via Awful Announcing|

#espn #media-acquisition #nfl-deal

business6 months ago•2 min saved

G/O Media Sells Kotaku to Keleops, Marking a Portfolio Dismantling

G/O Media sold the gaming news site Kotaku to European media company Keleops, which plans to expand its U.S. presence and focus on tech and pop culture, leaving G/O Media with only The Root. The move is part of Keleops' broader strategy to grow its media portfolio in the U.S., with plans for further acquisitions.

via Axios|

#business #go-media #keleops

business1 year ago•2 min saved

BuzzFeed Sells 'Hot Ones' to Soros Fund for $82.5 Million

BuzzFeed has sold its food and pop culture brand First We Feast, known for the popular "Hot Ones" YouTube show, for $82.5 million in an all-cash deal. The buyers include First We Feast founder Chris Schonberger, "Hot Ones" host Sean Evans, and other investors like Crooked Media and Soros Fund Management. First We Feast will now operate independently, with plans to expand into new platforms and live events. The sale is part of BuzzFeed's strategy to reduce debt and focus on scalable, tech-enabled services.

via NBC News|

#business #buzzfeed #first-we-feast