Multiple state attorneys general are expected to file a lawsuit challenging the merger between Paramount Skydance and Warner Bros. Discovery, David Faber reports.

The deal for Full Swing will expand Versant’s nontraditional media assets in an effort to diversify revenue from cable television.

Comcast plans to separate its cable and media divisions over the next year. This could set each company up for M&A, but there might not be any good options.

Fox’s stock dropped following its announcement that it will acquire Roku for $22 billion. Analysts still think it’s a good deal.

Fox, the owner of the news and sports networks, said it has reached a deal to acquire Roku for about $22 billion in enterprise value.

The DOJ approval is an important milestone for the roughly $110 billion deal, though it could still face legal challenges from state attorneys general.

Disney is selling ads for the Super Bowl, Oscars and Grammys in 2027, all major advertising revenue drivers. Global ad president Rita Ferro is leading the charge.

Disney said it filed renewals for eight broadcast station licenses “under protest,” after the FCC launched an early review years ahead of schedule.