As CBS' parent company considers settlement of President Donald Trump's lawsuit against “60 Minutes,” America’s storied newsmagazine is pulling no punches in its coverage of the new administration.

The merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar Bronfman Jr. withdrew a competing offer.

The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape.

National Amusements, which owns a majority voting stake in the embattled entertainment giant Paramount Global, says it has ended talks on a possible merger of Paramount with movie production company Skydance Media.

Wikimedia(CNN) - CBS and Viacom are merging to become ViacomCBS Inc., they announced Tuesday. Those brands include CBS' broadcast network, the streaming service CBS All Access, movie studio Paramount and cable networks like Showtime, MTV, Nickelodeon, BET and Comedy Central. The merger is a reunion for CBS and Viacom. Disney, WarnerMedia and other legacy media companies are also debuting new streaming services in the coming months in part to compete with Netflix and Amazon. The announcement comes after weeks of media reports and rumors regarding negotiations between CBS and Viacom.