Sports & Entertainment — Media Industry Consolidation Accelerates as Paramount Acquires Warner Bros. Discovery in $111B Deal, Raising Questions About CNN's Future

Sports & Entertainment · 2026-03-06

The entertainment industry is experiencing a seismic shift in consolidation with Paramount Skydance's $111 billion acquisition of Warner Bros. Discovery, marking one of the largest media mergers in history. This move significantly reshapes the competitive landscape of streaming and traditional media, while raising crucial questions about editorial independence, particularly regarding CNN's future…