Warner Bros. Discovery on Friday agreed to be acquired by Paramount Skydance in a deal worth $110 billion, Reuters and Deadline reported, citing remarks by Warner Bros. executive. Bruce Campbell, Warner Bros' chief revenue and strategy officer, made the announcement at a morning town hall, according to Reuters.
Trey Sherman was traveling to work on the New York subway when he received an email from David Reiter, a CBS News executive, about an imminent meeting on 29 October. Sherman, an associate producer of CBS Evening News Plus at the time, suspected that he would be laid off. CBS News's parent company, Paramount, had closed a merger with the Hollywood studio Skydance in August, and planned to slash more than 2,000 jobs as part of corporate restructuring.