Joe Flint

On Thursday, the 26th, was when the Warner board came out and said that Paramount's offer for the entire company was superior to Netflix's bid for just the studios and HBO Max streaming service.

And that's how we got here right now.

I don't think that's going to happen.

Done deal, though, we don't know yet, because there does still have to be a regulatory process here.

So we'll see what happens.

But yeah, no, Netflix is...

pretty sure they're officially out of it now.

And their shareholders have been rejoicing because we've seen their stock shoot up once it was clear they weren't going to stay in the chase for Warner.

Well, Paramount has already said they're going to combine the streaming services.

Now, let's be clear by what we mean by combine.

What it really means for now, until we get more clarity, is certainly they're going to combine a lot of the operations of the two streaming services.

Obviously, there's going to be a lot of crossover in tech and other business jobs there that will be reduced.

They've also said, we're going to protect HBO.

We're going to let HBO be HBO.

And, you know, they also have more sports now.

Assuming the deal goes through, TNT, Warner's TNT, they have March Madness, they have some college football, they have some baseball.

It's very complementary to CBS Sports, which has the NFL.

Well, that's getting a lot of attention, certainly in media circles, what this deal will mean for CNN.

When the Ellisons were first pitching the deal to the White House, we reported that they promised sweeping changes at CNN.

We don't know what sweeping changes means, so there's a lot of unrest at CNN the last few days.