Paramount, Warner Bros gain after WSJ report says merger settlement talks advance

Warner Bros. Discovery

21/09/2026 10:20

** Shares of media giants Paramount Skydance PSKY.O and Warner Bros Discovery WBD.O rise after Wall Street Journal reports that PSKY is in advanced settlement talks with California's AG to clear their proposed merger
** PSKY up 6.3% at $10.9; WBD gains 8.1% to $30 in premarket trading 
** WSJ reports concessions under discussion include a $1.5 bln investment in production in California and a commitment not to sell either studio lot
** Other measures being considered include selling some cable channels and creating a board to help ensure CNN's editorial independence, the report added
** As of last close, PSKY stock down 23.8% YTD while WBD had fallen 3.5%

 (Reporting by Anand Gopal in Bengaluru)
 ((AnandGopal.R@thomsonreuters.com))