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Paramount Closes Its Deal for Warner Bros. Discovery

NYT > Business > Media · Benjamin Mullin · last updated

After a legal battle, Paramount has finally acquired Warner Bros. Discovery. The new company, Skydance, combines Hollywood studios, streaming services and cable networks.

Related Knowledge Center: State of the business model

State of Play

The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.

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