After a months-long bidding war, <a href="https://www.wsj.com/business/media/ellison-warner-paramount-deal-netflix-206e3f34?mod=WSJ_TJPOD">Paramount Skydance has secured a deal</a> to acquire Warner Bros. Discovery, <a href="https://www.wsj.com/business/media/warner-discovery-says-paramounts-latest-bid-is-superior-to-netflix-deal-e0ceea4c?mod=WSJ_TJPOD">snatching the media giant away</a> from Netflix. WSJ’s <a href="https://www.wsj.com/news/author/joe-flint?mod=WSJ_TJPOD">Joe Flint</a> breaks down how Paramount CEO David Ellison pulled off the $81 billion takeover and what this debt-heavy merger means for the future of entertainment and news. <a href="https://www.wsj.com/news/author/jessica-mendoza?mod=WSJ_TJPOD">Jessica Mendoza</a> hosts.
Further Listening: 
- <a href="https://open.spotify.com/episode/5N0LytGh24NJ6Mv9WYSXba">The Man Who Wants Netflix to Save Hollywood</a> 
- <a href="https://open.spotify.com/episode/1ht0FEcC0OJZU8bgOrUTgo">She Swore Off Legacy Media. Now She's Running CBS News.</a>
Sign up for WSJ’s free <a href="https://www.wsj.com/newsletters/whats-news?mod=WSJ_TJPOD">What’s News newsletter</a>.
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