Paramount Won’t Sell Cable Networks After WBD Merger, Touts “Incredible Footprint” Of Combined Linear Business

Paramount executives stressed today that once merged with Warner Bros. Discovery, the company combined has no plans to unload any legacy cable networks.   CEO David Ellison and COO and Chief Strategy Officer Andy Gordon were asked about that several times by analysts on a call. They have spoken frequently already about the logic of […] Getty Images Paramount executives stressed today that once merged with Warner Bros. Discovery, the company combined has no plans to unload any legacy cable networks. CEO David Ellison and COO and Chief Strategy Officer Andy Gordon were asked about that several times by analysts on a call. They have spoken frequently already about the logic of retaining cable after Ellison’s Skydance acquired Paramount in August. “We believe in the assets we’re buying, and there’s no plans to divest or spin off a package of cable assets at this time. And, in particular, we actually think, given the brands that Warner Bros. is bringing to Paramount, there are a lot of opportunities to think about all the different aspects of what they can do, both on the linear side and the digital side … So that’s our plan right now,” said Gordon. Related Stories News David Ellison Says 'Top Gun: Maverick' A Pivotal Event For Him As Paramount CEO Commits To 30 Theatrical Releases A Year Post-Merger - "Movies Should Be Seen In Theaters"