Skydance Closes $110 Billion Warner Deal, Putting CNN and CBS Under One Owner

Paramount Skydance completed its Warner Bros. Discovery acquisition on October 6, 2026, in a deal worth about $110 billion including debt. The combined company, named Skydance Corporation, puts CNN and CBS News under common ownership. It also joins HBO, CBS, DC Studios and others with Paramount+ and HBO Max. How the two newsrooms coexist remains undecided.