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Media M&A in 2025: Table Set for More Deal Activity This Year
After last year’s dealmaking driven by the media biz’s shifting winds, more M&A reconfigurations may come in 2025.
The reorg, expected to be complete by midyear, will “create opportunities as we evaluate all avenues to deliver significant shareholder value,” he said — prompting speculation that the company could sell or spin off CNN, TBS, TNT and other nets. Zaslav told analysts on Warner Bros. Discovery’s Q3 earnings call that the new administration “may offer a pace of change and an opportunity for consolidation that may be quite different, that would provide a real positive and accelerated impact on this industry that’s needed.” For Skydance, headed by David Ellison, the imperative is to scale up Paramount’s streaming biz and boost investment in original content, while slashing costs in the linear TV side of the house.
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