As CBS's parent company makes a final play for Warner Bros. Discovery, CBS faces scrutiny over claims it blocked a Stephen Colbert interview while Anderson Cooper stepped down from 60 Minutes.

Warner Bros. Discovery (NASDAQ:WBD) on Tuesday rejected the latest hostile takeover bid from Paramount Skydance (NASDAQ:PSKY), giving the David Ellison-led company until February 23 to submit its "best and final offer.

Feb 20 (Reuters) - Paramount said on Friday the U.S. antitrust waiting period for its $108.4 billion all-cash bid for Warner Bros Discovery expired on February 19, marking a milestone on the road to a potential deal to acquire the owner of HBO Max.

"Dealmaking was about quality, not quantity" last year, consulting firm KPMG finds, pointing out "fewer deals but far bigger swings."

The Justice Department is reportedly probing how a sale of Warner Bros. Discovery could impact moviegoers – and potentially lead to fewer new film releases — as Netflix pushes ahead with its winning bid after WBD restarted talks with rival Paramount Skydance.

Fan-created TikTok AI videos of Superman, Batman, and other Warner Bros.-owned characters have been flooding the internet recently, drawing a reaction from the production company. ByteDance’s launch of Seedance 2.

David Ellison's team will put the government on a time crunch in the event Paramount knocks out Netflix and wins the bidding war for Warner Bros. Discovery.

On today's episode of “Daily Variety” podcast, we'll hear from Variety's Todd Spangler on the latest developments in the three-way M&A love triangle between Warner Bros. Discovery, Netflix and Paramount Skydance.