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Michael Schneider, Variety’s executive TV editor, discusses the Paramount-Skydance, bid for Warner Bros. Discovery after Netflix backed away from its deal. Schneider says the massive $82.7 billion deal, will almost certainly mean large amounts of job loss, if the deal is able to clear regulatory hurdles locally, nationally and internationally. (Paramount Skydance owns CBS News) | CBS LA
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Netflix announced it is dropping its bid for Warner Bros. Discovery, which paves the way for Paramount Skydance, the parent company of CBS News, to acquire it instead. The merger would require approval from Warner Bros. shareholders and federal regulators. https://cbsn.ws/4tXVwft | CBS Mornings
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