Should Paramount prevail in its bid to buy the entire company, Warner Bros. Discovery would abandon its efforts to create a stand-alone streaming and studios entity called Warner Bros., and a second publicly traded firm, Discovery Global, comprised of CNN, HGTV, TLC and other basic cable channels.

Father-and-son tech billionaires flash cash to overcome rivals Netflix and Comcast as they pursue a Hollywood empire

A breakdown of the news Warner Bros. Discovery is planning to sell, including interest from Comcast, Netflix, and Paramount.

Warner Bros. Discovery is expected to decide whether to accept an acquisition offer or proceed with its plan to break up the company by some time in December, according to news reports. So investors don't have long to wait before the famed studio closes the latest chapter in its storied 100-year history.

Larry Ellison discussed with one White House official possibly axing CNN hosts Erin Burnett and Brianna Keilar should David Ellison’s Paramount Skydance purchase CNN parent Warner Bros. Discovery, according to a report in the Guardian.

Methinks there’s plenty of smoke to the notion. Deadline reported a visit and pledge of $1 trillion from controversial Saudi Arabia Crown Prince Mohamad Bin Salman and Comcast CEO Brian Roberts coincidentally recently (wink wink) visited Saudi Arabia, according to the New York Post.