California and 11 states are suing to block Paramount's $110 billion acquisition of Warner Bros. Discovery, alleging the deal would lessen competition in film distribution and cable television, harmin...

As Paramount Skydance’s deal to take over Warner Bros. Discovery is still pending, WBD CEO David Zaslav is continuing to cash out his stock in the company he is set to depart in the coming months.

"The unlawful merger of these two entertainment behemoths would lead to higher prices, lower quality, and less content for film and television, harming movie theaters, basic cable distributors, and ul...