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Paramount may sell CNN or leave California amid antitrust suit over Warner Bros Discovery deal

Market News
12 Aug 2026
New York Post
View Source
Bearish
Paramount may sell CNN or leave California amid antitrust suit over Warner Bros Discovery deal

Paramount Skydance is considering all options, including selling CNN or relocating from California, to address an antitrust lawsuit challenging its $110 billion acquisition of Warner Bros Discovery. The lawsuit, led by California and supported by 11 other states, argues the merger could reduce competition and raise prices in film and TV markets. Paramount's chief legal officer highlighted fiduciary duties to shareholders and hinted at possible relocation if pressures persist. The deal has cleared other regulatory hurdles, with the UK recently approving it under conditions protecting editorial independence, leaving the California lawsuit as the main remaining obstacle.

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Chery launches Globalisation 3.0 strategy focusing on AI and green tech for future growth

Chery launches Globalisation 3.0 strategy focusing on AI and green tech for future growth

Chery unveiled its Globalisation 3.0 strategy at the 2026 International User Summit, aiming to transform from a traditional automaker into a high-tech integrated ecosystem by 2035. The strategy emphasizes AI adoption, green technologies, and local ma...

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Unfair Links launches a service offering local backlinks matched to Google Business Profiles for better SEO.

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Tango funds mobile cancer screening in Ukraine, aiding early detection and medical training.

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California's 2027 AI safety rules clash with Pentagon cyber directives, pushing veteran-led tech defense innovation.

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Each 1% profit margin gain at BNSF adds $230M cash flow to Berkshire Hathaway, says Greg Abel.

Each 1% profit margin gain at BNSF adds $230M cash flow to Berkshire Hathaway, says Greg Abel.

Greg Abel highlighted that every one-point increase in BNSF's profit margin translates to about $230 million in additional cash flow for Berkshire Hathaway. This underscores the significant impact BNSF's operational efficiency has on Berkshire's over...

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