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News you can trust from the U.S. and around the world. Critical information and insight. We cover the stories that others don’t. NTD News Today airs Monday–Friday at 11 a.m. ET.

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Stefania Cox is an NTD News anchor and national correspondent based at the network's global headquarters in New York City. Stefania anchors "NTD Newsroom," and co-anchors "NTD News Today" weekdays at 10:00 am ET.

Stefania Cox

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Melina Wisecup is NTD's congressional correspondent based in Washington, covering Capitol Hill and campaign politics.

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Jason Blair is a national correspondent for NTD News based in California. 

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Paul Greaney is an NTD news anchor and producer. Since joining the company in 2018, he has anchored the station’s flagship Evening News broadcast, launched the NTD Business show, and produced documentary reports on pointed issues. 

The highlight of Paul’s time in the field was his coverage of the Hong Kong pro-democracy protests in 2019.

Paul Greaney

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Kevin Hogan is an NTD News data reporter and national correspondent based at the network's global headquarters in New York City. Kevin covers breaking news, as well as U.S. and global current events. He conveys the news through data visualizations and investigates pressing issues.

Kevin Hogan

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Fast, compelling, first-hand news from China. China in Focus airs Monday–Friday at 8 p.m. ET.

China in Focus

China Sends Warships to Pacific Drill as Tensions With Japan Rise

Reuters is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages.

Reuters

We present news that is truthful and based on facts, outside of the political fog. Instead of focusing on the negative things happening around us, our mission is to give our viewers a good morning with empathetic and uplifting stories. Our aim is to provide an antidote to negativity by shining a light on the best side of people. We speak to inspiring people who positively impact communities, pursue topics that represent our common human values, and will never miss an opportunity to bring you heartwarming stories.

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The Associated Press is an American not-for-profit news agency headquartered in New York City. 

The Associated Press

US News

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Flora Hua is a reporter based at NTD's global headquarters in New York City, where she covers China news, U.S.-China relations, and human rights issues. Flora primarily contributes to NTD's "China in Focus."  

Flora Hua

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Joseph Lord is a congressional reporter for The Epoch Times.


Joseph Lord

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Juliet Song

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Ryan Morgan is a reporter for The Epoch Times focusing on military and foreign affairs. He was previously a news writer for NTD. 


Ryan Morgan

Mari Otsu is NTD's White House correspondent based in Washington. 

Mari Otsu

World News

Middle East

Iran

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Evgenia Filimianova is a UK-based journalist covering a wide range of national stories, with a particular interest in UK politics, parliamentary proceedings and socioeconomic issues.


Evgenia Filimianova

Paramount Skydance is suing Warner Bros. Discovery (WBD) after it turned down Paramount's hostile takeover bid and chose to move ahead with a deal with Netflix instead.

Paramount <a href="https://ir.paramount.com/news-releases/news-release-details/paramount-provides-update-warner-bros-discovery-shareholders">said</a> on Jan. 12 that WBD failed to provide shareholders with sufficient financial disclosure about its proposed $72 billion transaction with Netflix.

In a lawsuit filed in the Delaware Chancery Court, Paramount is requesting that WBD disclose details about its sale process and the valuation underpinning its pending deal with Netflix.

“WBD has failed to include any disclosure about how it valued the Global Networks stub equity, how it valued the overall Netflix transaction, how the purchase price reduction for debt works in the Netflix transaction, or even what the basis is for its ‘risk adjustment’ of our $30 per share all-cash offer,” Paramount Skydance CEO David Ellison said in a company-wide letter.

The legal move comes after WBD <a href="https://www.theepochtimes.com/business/warner-bros-again-rejects-latest-paramount-hostile-takeover-bid-5967350">advised</a> its shareholders to again rebuff Paramount Skydance’s all-cash, $30-per-share takeover bid offer on Jan. 7 and instead back a competing offer from Netflix.

Paramount has made three hostile bids to acquire all of WBD, including its television networks, but these have been <a href="https://www.theepochtimes.com/business/warner-bros-again-rejects-latest-paramount-hostile-takeover-bid-5967350">rejected</a> by the WBD board.

WBD has told its shareholders that Paramount’s offer represents “insufficient value” compared with the Netflix agreement.

Last month, Netflix <a href="https://www.theepochtimes.com/business/netflix-to-acquire-warner-bros-entertainment-assets-in-72-billion-deal-5954189">announced</a> that it had agreed to acquire WBD’s film studio and streaming platform, HBO Max, concluding what it described as an intensive bidding process for the assets. The transaction values WBD at $27.75 per share, representing an equity value of about $72 billion and an enterprise value of nearly $83 billion.

Shareholders are set to receive $23.25 in cash and $4.50 in Netflix stock for each share of WBD, in addition to shares in the spun-off Global Networks business.
<h2>Direct Appeal</h2>
In his Jan. 12 letter to shareholders, Ellison said Paramount’s $30-per-share cash offer exceeded the value of the Netflix consideration once market movements and the Global Networks spinoff were taken into account.

Paramount also questioned how debt transferred to the spun-off Global Networks business would reduce the cash and stock consideration payable to shareholders, saying WBD has not explained the mechanism.

“WBD shareholders need this information to make an informed investment decision on our offer—and, importantly, Delaware law has consistently required that such information be provided to shareholders,” Ellison said.

On Jan. 8, Paramount <a href="https://www.theepochtimes.com/business/paramount-takes-30-per-share-all-cash-bid-for-warner-bros-discovery-to-shareholders-after-board-rejects-talks-5968020">took</a> its bid directly to WBD shareholders after the board declined further talks. Paramount urged WBD investors to tender their shares into its offer by a Jan. 21 deadline and bypass the company’s board.

In its statement on Jan. 12, Paramount has signaled it is preparing for a prolonged proxy fight if the board does not engage.
<h2>Proxy Fight</h2>
Ellison said Paramount plans to nominate a slate of directors at WBD’s next shareholder meeting who would, if elected, seek to engage with Paramount under the terms of the Netflix agreement.

Paramount also said it would propose a bylaw amendment requiring shareholder approval for any separation of Global Networks and would solicit proxies against the Netflix transaction if WBD calls a special meeting to approve the deal.

Despite the litigation and takeover tactics, Ellison said Paramount’s preference remained a negotiated transaction.

“Make no mistake, our goal remains to have constructive discussions with WBD’s board to reach an agreement that is in the best interests of WBD shareholders,” he said.

The Epoch Times requested commentary from Netflix and WBD, but did not receive a response by the time of publication.

<em>From <a href="https://www.theepochtimes.com/business/paramount-skydance-sues-warner-bros-discovery-over-netflix-deal-disclosures-5969668">The Epoch Times</a></em>

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