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Paramount may move CBS News from NYC amid legal fight over $110B Warner Bros. Discovery deal

Market News
12 Aug 2026, 18:46 WIB
New York Post
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Bearish
Paramount may move CBS News from NYC amid legal fight over $110B Warner Bros. Discovery deal

Paramount CEO David Ellison is considering relocating CBS News out of New York City as part of a legal strategy in his dispute with New York and California attorneys general. The move aims to pressure California AG Rob Bonta, who leads a coalition opposing Paramount's $110 billion acquisition of Warner Bros. Discovery. Paramount’s board has also approved a plan to move its Hollywood studio out of California if settlement talks fail. Ellison may shift news operations to Atlanta, and the potential sale of CBS News’ broadcast center could generate billions. The legal battle continues with no formal talks, while Paramount faces a $7 million daily penalty if the merger is delayed past October 1.

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