Oct 17, 2026 · 2 min · 6 segments
Iowa Business Report Thursday Edition October 15, 2026 National financial journalist Jordan Goodman on a major media consolidation which became official last week.
Jeff SteinHostFinally closed, the, uh, Paramount Skydance, and actually they're just calling it Skydance, took over Warner Brothers Discovery for $111 billion.
The company has $82 billion in debt because of this deal, and so it's just a massive consolidation in the media, uh, business.
Paramount Studio and Warner Brothers TV and movie studios are under one banner.
There are a whole bunch of cable channels and sports rights now part of this colossus.
There's gonna be a lot of layoffs because there's a lot of duplication between the two companies and the overlapping functions.
This was very hard fought.
The investment bankers are getting very rich, rich on this one for sure.
Paramount, which is now Skydance, is, uh, triumphant and feeling very good about this, and I think a lot of the employees are gonna get laid off are probably not feeling so good about it.
Finally closed, the, uh, Paramount Skydance, and actually they're just calling it Skydance, took over Warner Brothers Discovery for $111 billion.
The company has $82 billion in debt because of this deal, and so it's just a massive consolidation in the media, uh, business.
Paramount Studio and Warner Brothers TV and movie studios are under one banner.
There are a whole bunch of cable channels and sports rights now part of this colossus.
There's gonna be a lot of layoffs because there's a lot of duplication between the two companies and the overlapping functions.
This was very hard fought.
The investment bankers are getting very rich, rich on this one for sure.
Paramount, which is now Skydance, is, uh, triumphant and feeling very good about this, and I think a lot of the employees are gonna get laid off are probably not feeling so good about it.
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