"Warner Bros. Discovery CEO David Zaslav met with his Paramount Global counterpart Bob Bakish on Tuesday to discuss a potential merger of the companies, Axios reported Wednesday. Such a move would, among other things, put CBS Sports and the Turner Sports networks under the same umbrella for the first time. Though it is sometimes assumed that CBS and Turner are corporate siblings due to their existing relationship on the NCAA men’s basketball tournament — and a prior partnership on the Winter Olympics — they have always been separate entities.
In addition to the sports implications, a combination of the two companies would result in CBS News and CNN being under the same umbrella, to say nothing of entertainment properties MTV, TBS, TNT, Comedy Central. It would also presumably result in the combination of streaming services Max and Paramount+."