Following the $81 billion Paramount-Warner Bros. Discovery merger, Skydance CEO David Ellison assured CNN staff and viewers that CNN will maintain complete editorial independence under the new media giant. In a town hall interview with Anderson Cooper, Ellison emphasized the importance of fact-based journalism and pledged not to interfere with news coverage, including CNN's ongoing lawsuit to restore White House access. The merger combines major studios, streaming services, and news outlets, but also raises concerns about layoffs and industry job losses. Ellison and co-CEO Ynon Kreiz acknowledged potential workforce changes but committed to handling them thoughtfully while focusing on digital growth and expanding production.
David Ellison's reassurance about CNN's independence comes amid a media sector snapshot from Pluang. As of Oct 07, 2026 04:13 WIB, 31 of 45 media-sector US stocks rose while 14 fell. Notable movers include Weibo Corp at USD 6.48 with a 2.37% gain and Bumble Inc at USD 2.57 with a 2.28% loss in one day.
Constellation Brands reported earnings per share of $3.74, surpassing analyst estimates of $3.55, and revenue of $2.63 billion, exceeding the $2.54 billion forecast. The company saw a 5% increase in beer sales and a 17% rise in wine and spirits sales...
Tilray Brands will announce its fiscal Q1 2027 earnings on October 8, with analysts forecasting a loss of $0.16-$0.19 per share on revenues around $265-$268 million, marking about 26% growth from last year. Investors will focus on cannabis and bevera...
On October 6, 2026, five notable stocks surged between 20.9% and 52.7%, driven by various positive developments. Apimeds Pharmaceuticals rose 52.7% after its subsidiary signed a blockchain contract, while Option Care Health gained 32.7% following a $...
On October 6, five notable stocks saw significant declines, with losses ranging from 17.5% to 50.1%. ArriVent BioPharma's shares plunged 46.9% after its lung cancer treatment failed to meet the primary endpoint in a Phase 3 trial. Armada Acquisition ...
Evercore ISI raised its price target for Marvell Technology to $433 from $275, maintaining an Outperform rating. This follows Marvell's optimistic revenue projections, expecting $20 billion by fiscal 2028 and $70-$90 billion by fiscal 2031, driven by...
