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Richardson, H. C. (2026, October 7). Politics Chat, October 6, 2026. Letters from an American. https://heathercoxrichardson.substack.com/p/politics-chat-october-6-2026-a2b
Richardson, Heather Cox. “Politics Chat, October 6, 2026.” Letters from an American, 7 Oct. 2026, https://heathercoxrichardson.substack.com/p/politics-chat-october-6-2026-a2b.
Richardson, Heather Cox. “Politics Chat, October 6, 2026.” Letters from an American, October 7, 2026. https://heathercoxrichardson.substack.com/p/politics-chat-october-6-2026-a2b.
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On Tuesday, Paramount completed its $81 billion acquisition of Warner Bros. Discovery, creating a new Hollywood conglomerate named Skydance Corporation. The merger, spearheaded by billionaire David Ellison, combines two of America's oldest film studios along with streaming services like HBO Max and Paramount+, CNN, CBS News, and live sports channels including TNT Sports and CBS Sports. Despite facing months of legal challenges and public protests over concerns about reduced competition and higher consumer costs, the deal was finalized after Ellison agreed to create an independent oversight board to protect editorial independence at CNN. The new entity will be led by Ellison and co-CEO Ynon Kreiz, marking a significant shift in power within the entertainment industry.