Cara Swisher

We're going to take a quick break.

We'll come back.

Maybe I'll point a new term.

Bills and my favorite topic, Warner Brothers rebuffs.

Paramount, again, no surprise.

This podcast is brought to you by Netflix, presenting Jay Kelly, co-written by Noah Baumbach and Emily Mortimer.

Golden Globe nominee George Clooney stars as Jay Kelly, a famous movie actor on a journey of self-discovery as he reflects on his career and the relationships with his father, his daughters, and his devoted team, led by his manager, played by Golden Globe nominee Adam Sandler.

The LA Times raves it's a fully formed knockout and the Wall Street Journal hails Jay Kelly the best picture of the year.

I just saw it.

I agree.

It's a really terrific watch and George Clooney is fantastic in it for your awards consideration.

I'm back with Audie Cornish and Bill Cohen.

Warner Bros.

Discovery has rejected Paramount's latest buyout offer, urging its shareholders to stick with Netflix.

Warner Bros.

said Paramount's bid was not superior to the $72 billion Netflix offer for its studios and streaming businesses.

The board also flagged the uncertainty risk around Paramount's offer, saying it would effectively be a leveraged buyout, the largest in history.

This comes after Larry Ellison stepped in to personally backstop Paramount's offer with a $40 billion equity guarantee.

And just a little while ago, Paramount reaffirmed its $30 share all-cash offer for Warner Brothers.

No more, Bill.