David Ellison’s Media Takeover Just Got Greenlit
episodePreviously titled “Pod Title: David Ellison’s Media Takeover Just Got Greenlit” — renamed by the publisher on Sep 22, 2026
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What is the main topic discussed in this episode?
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We dive deep into his football career, his decision to protest, the work he's been doing with Know Your Rights Camp, and his new memoir. Check out the latest episode of Why Are You Like This wherever you get your podcasts and on YouTube. Hey, it's me, Will Anderson, host of the new music history podcast, Monday Music Club. And on this week's episode, we're talking about pop music with the boys from one of my favorite podcasts, Switched on Pop. Charlie Harding and Nate Sloan are two of the smartest and sharpest minds chatting about music right now. And we got into how they got their start, what they love about pop music, and some recommendations on what we should be listening to. It's a great conversation.
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Welcome to
Profiteer Markets. I'm Ed Elson. It is September 22nd. Let's check in on yesterday's market vitals. The major indices all rose as oil prices fell and optimism grew ahead of talks between Xi Jinping and Trump. The Nasdaq hit its first record since June. Oil posted its longest losing streak since June. That also sent treasury yields down. And finally, AMD hit an all-time high and became the seventh chip stock to reach a trillion dollar market cap as renewed excitement around AI demand lifted semiconductor stocks. OK, what else is happening? The Paramount Warner Bros. Discovery saga may finally be coming to an end. It has now been over a year since Paramount made its first bid for Warner Bros. Discovery, but a lawsuit filed jointly by 12 state attorneys general has been holding up the transaction.
Today, that lawsuit was settled. Despite the wishes of the state AGs that brought the suit, Paramount will not have to sell off any of its cable assets. Instead, the company has reportedly agreed that it won't leave California, committing to keep its studio lots in place and put $1.5 billion into local production. Paramount will also need to set up independent editorial boards for its news properties. Paramount stock popped 7% on the news, but end of the day down 3%. Warner Brothers Discovery stock increased 11%. So for latest on this never ending Paramount WBD deal, we are speaking with Rohan Goswami, business reporter at Semaphore. Rohan, thank you for joining us on Prof G Markets. It looks as though this is finally going through.
You predicted that it would go through on this show. Seems like you're gonna be right. What do you make of what's happened here?
I'm terribly sad that we're gonna have to find a new reason for us to hang out, but I am happy that my prediction was vindicated. Look, this is an unmitigated victory for David Ellison, and it's being seen as such on the left, which, of course, fought really aggressively to stop this, and on the right. And I think, actually, the fact that Paramount's stock is down 3% is a reflection that, yes, the states have secured, in the short term, some guarantees that will take away some of the synergies that Ellison and co. had been hoping for, but if you look at what the states actually got, as you pointed out, nothing structural. The most onerous thing they're gonna have to deal with is a $30 million penalty if they come up short of the 30-film production guarantee that they've agreed to with the states.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:01–10:00
2
What were today’s market vitals and how did they set the stage for the episode?
10:00–13:44
3
Why did the Paramount‑Warner Bros. Discovery merger finally get approved?
13:44–17:42
4
How did Rohan Goswami explain the political and financial concessions behind the deal?
17:42–31:40
Speakers
4 identifiedMore from Prof G Markets
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