Lisa Mateo

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Warner Brothers Discovery CEO David Zaslav there discussing the progress of deal talks.

An increased offer from Paramount has renewed the takeover tension and it comes as Warner Brothers posted a 6% decline in revenue during the fourth quarter.

Paramount, Skydance also came out with these numbers.

Let's bring in Bloomberg Media reporter Hannah Miller.

And all of this speaks to still profitable cable companies where they're trying to subsidize basically revenue or profits not showing up in streaming thus far, but subscriber growth is there.

There's also this idea of like what's happening with the bottom line and we can't get away from what's happening in the background.

You know, it's awkward when you have company earnings and all the players involved are in a kind of bidding war.

Did they explain any of that, Hannah?

Bloomberg's Hannah Miller, who's been across all of this in real time.

Thank you very much.

Let's move on to another big media name, Paramount.

It posted $8.15 billion in revenue in the shares.

Again, it's kind of interesting.

They're reacting significantly.

We're up 11%.

Are we up 11% because of the health of the business and the content of earnings, or are we up for another reason?

Let's discuss with Laura Martin, Senior Entertainment and Internet Analyst at Needham & Company.

Laura, you're recommending Fundamental Investors.

Hello, remain on the sidelines.