Paramount Skydance reportedly preparing takeover bid for Warner Bros Discovery

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Paramount Skydance is reportedly preparing a takeover offer for Warner Bros Discovery, in a bid to pull together two of the largest US legacy media conglomerates and Hollywood movie studios.Less than a month after Skydance, a production firm run by David Ellison, son of the billionaire tech mogul Larry Ellison, closed its merger with Paramount, the firm is considering other blockbuster deals.Combining Paramount with WBD would reshape the US entertainment and media industry, shifting prominent brands in TV, cinema and news – from South Park and Superman to CNN and 60 Minutes – together for the first time.Paramount is preparing a majority cash bid for WBD that would be backed by the Ellison family, according to the Wall Street Journal, which cited unnamed sources familiar with the situation.Paramount and WBD did not immediately respond to requests for comment.

Shares in WBD surged by as much as 34% following the report, and closed up 29% on Thursday.The firm owns an array of media assets, including the Warner Bros movie studios; CNN, the news network; the DC Comics franchise; and a string of TV networks, including HBO.Paramount also owns the storied Paramount Pictures studios, as well as TV broadcasters including CBS in the US, Channel 5 in the UK, Comedy Central and MTV.David Ellison has moved quickly since sealing control of the conglomerate in August, striking a $7.7bn (£5.

7bn) deal to become the exclusive US broadcaster of the Ultimate Fighting Championship; signing an exclusive contract with the Duffer brothers, who created Stranger Things; and agreeing a deal with the video games publisher Activision to produce a movie based on the Call of Duty franchise,Decisions made under Ellison around the future of CBS News – one of the biggest news operations in the US, which is behind 60 Minutes, the most watched news program on network television – have attracted intense scrutiny,CBS News became a flashpoint as Ellison sought approval for his deal for Paramount,Shortly before the deal closed this summer, it reached a controversial settlement with Donald Trump over what he claimed was misleading editing of a pre-election 60 Minutes interview with the Democratic candidate for president, Kamala Harris,Earlier this week, Paramount announced that Kenneth Weinstein – a conservative policy veteran who Trump nominated to be US ambassador to Japan in 2020 – would become ombudsman for CBS News, monitoring allegations of bias and audience complaints.

Ellison is widely reported to be on the verge of acquiring the Free Press, an online publication co-founded by Bari Weiss and noted for its “anti-woke” politics, with the New York Times reporting this week that Weiss, its former columnist, had been lined up for a senior role at CBS News.Any deal for WBD would raise questions over the implications for CNN, which has also faced heavy criticism from Trump over coverage he has not liked.WBD was formed by the merger of Warner Media and Discovery in April 2022.After a tough few years, its CEO, David Zaslav – who put together the initial merger – announced plans to split the company into two in June.Mike Proulx, vice-president at Forrester Research, suggested a takeover of WBD by Paramount would “redefine the streaming landscape” were it to materialize.

“This could be good for consumers in the form of cost savings, but it also would reduce marketplace choice,” he said,“What’s clear is that as the streaming market matures, it’s looking a whole lot like the OG television industry – all the way back to when there were just a few big networks and studios,”Robert Weissman, co-president of the consumer advocacy group Public Citizen, argued any attempt by Paramount to acquire WBD “should plainly be struck down” by regulators on antitrust grounds,“But there’s grave reason to worry that the Trump administration would rubber-stamp such a merger, giving a pass to a corporate marriage that would advance its ideological agenda,” he said,Approving a Paramount-WBD tie-up “would confirm that, for all its tough talk on antitrust, the Trump regime is intent simply on using antitrust as another weaponized tool: a means to punish perceived opponents and reward ideological allies”, Weissman added.

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Children detained under Mental Health Act held for hours in A&E departments

Children as young as nine detained under the Mental Health Act are spending hours in NHS accident and emergency departments under police control rather than in specialist mental health assessment suites.The detention under the act of children in England and Wales in police cells was banned in 2017 but a lack of suitable options has led to the use of A&E departments.Research to be presented at a British Sociological Association conference at Northumbria University on Friday found that 187 nine-to-18-year-olds were detained under the act in a single constituency in the north of England between 2017 and 2021. Three-quarters were taken to A&E, where legally they could wait for up to 24 hours, accompanied by police officers, until they were assessed.It was mainly children aged 16 and over who were able to access adult facilities who were taken to specialist suites under the care of trained mental health staff

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Hospices ‘on the brink’ financially if assisted dying is legalised

Hospices are “on the brink” and two in five are making cuts this year despite the importance of end-of-life care if assisted dying becomes legal, the sector has warned before the first House of Lords debate on the legislation.Hospice UK, which represents the sector, said many were financially struggling and still “in the dark” about how funding for end-of-life care will be improved when assisted dying legislation is passed.The terminally ill adults (end of life) legislation is due to have its second reading in the House of Lords on Friday, with Charlie Falconer, a Labour peer and the co-sponsor of the bill, taking over from the MP Kim Leadbeater.Before the debate, in which 190 peers have put their name down to speak, Falconer expressed optimism that it will pass through the Lords in time for it to become law by the spring.“There is more than enough time for the Lords to scrutinise the bill and return it to the Commons before the end of the parliamentary session,” he said

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Cost of place in children’s care homes in England hits almost £320,000 a year

The cost of a single place in a residential children’s care home in England has nearly doubled in five years to an average £318,000 a year, with private firms racking up huge profits as a result of market failure, according to the public spending watchdog.The £3bn children’s homes market, which is increasingly dominated by private firms, some funded by private equity, is “dysfunctional” and too often fails to deliver a good service for youngsters or value for money, a National Audit Office (NAO) report said.In the most extreme instances – likely to involve children with complex needs who require 24-hour supervision by multiple staff – councils had been charged up to £63,000 a week (£3.3m a year) for a single placement, the NAO said.Privately owned care firms ramped up fees above the rate of inflation, with the biggest providers enjoying average annual profit rates of 22

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Girls who play after-school sport in UK 50% more likely to later get top jobs, study finds

Girls who play after-school sport in the UK are 50% more likely to get top jobs later in life, according to research, which reveals that the boost is equivalent to a university degree.Despite this benefit, girls are far less likely to play sport than boys, with 11- to 18-year-olds each missing out on 1.4 hours a week, or 280m hours annually, with 340,000 more girls excluded due to cost and lack of local access, according to the research. One in three girls surveyed for the report said boys had access to a wider range of sports.The research found that women who played extracurricular sport as children were much more likely to reach senior professional roles

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Boom times and total burnout: three days at Europe’s biggest pornography conference

The crowd that gathers in Amsterdam is exuberant. Pornography use is more common than ever, so earnings for many here are through the roof. But there is trouble afoot, from AI to chronic illness …Brittany Andrews, a cheerful American porn star, cuts to the chase in her workshop on how to succeed in the adult industry.“Do you think about how much money you’re going to make before you make a clip? Do you know what stuff sells the best? Or do you just follow your creative spark?” she asks. She points to a young Ukrainian model in a gold sequined bra and denim shorts

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More than half of UK births now involve medical intervention, audit finds

More than half of women having a baby in Britain now do so with the help of medical intervention, an audit of NHS maternity care has revealed.Of the 592,594 births that took place in 2023, 50.6% involved either a caesarean section or the use of instruments such as forceps or a ventouse suction cup.Experts said the rise in medically assisted deliveries represented a “major shift” driven by births becoming more complicated in recent years, partly because more older or obese women are having babies.The increasing regularity of medical intervention is largely down to the sharp rise in caesarean births, in which the baby is delivered during an operation