NYTIMES (David Ellison) - David Ellison: In Defense of the Paramount-Warner Deal
The issue is whether I can be trusted as a steward of CNN
NYTIMES (Sharon Waxman) - Could Jettisoning CNN Save the Paramount Merger?
It’s a thorn in the side of David Ellison’s paused dream.
NYTIMES (Benjamin Mullin, David McCabe and Lauren Hirsch) - Paramount Agrees to Delay Warner Bros. Merger for Months
The company agreed to a proposed freeze until June 2027, unless a judge issues a ruling before then on a lawsuit blocking the deal.
AXIOS (Matt Phillips) - SpaceX soars above Amazon in market cap
Data: FactSet ; Chart: Matt Phillips/Axios SpaceX jumped another 4.8% Tuesday, enabling Elon Musk's space launch/satellite services/AI/social media conglomerate to leapfrog Amazon.com in market value. - In just its first two full days of trading, SpaceX has added roughly $537 billion to push its market value to $2.659 trillion, according to FactSet data. - That puts it ahead of Amazon.com, which was valued at $2.646 trillion at Tuesday's close. Why it matters: The gain underscores the extraordinary power Musk's mastery of the stock market gives him. - Essentially, the surge in market value provides SpaceX with hundreds of billions of dollars out of thin air, which it can then use to remarkable operational advantage. Case in point:…
NYTIMES (Daisuke Wakabayashi and Grace Moon) - Secret Recordings, Hidden Shares and a Family Rift at South Korea’s LG
An inheritance dispute over the former chairman’s estate has prompted a criminal complaint over how the dynastic chaebol family behind LG divides its assets.
NYTIMES (Lauren Hirsch and Benjamin Mullin) - SiriusXM Said to Be in Early Talks to Acquire iHeartMedia
A deal, which was described by two people familiar with the discussions, would unite two major providers of traditional and satellite radio.
NYTIMES (Michael M. Grynbaum and John Koblin) - For CNN, a Takeover by Paramount Means a Suddenly Uncertain Future
Paramount’s apparent victory over Netflix in securing Warner Bros. Discovery has led to concerns within the CNN newsroom.