President Donald Trump and Defense Secretary Pete Hegseth endorsed Paramount Skydance’s $110 billion acquisition of Warner Bros. Discovery.
The public endorsements for the Ellison family's media expansion occurred on March 17, 2026.
The Justice Department is actively reviewing the deal to consolidate major Hollywood studios and news outlets including CNN and CBS News.
Warner Bros. Discovery CEO David Zaslav will receive a $667 million payout package upon the merger's completion.
The compensation includes cash severance, vested stock awards, share awards, and a significant tax reimbursement.