Alex Sherman

Alex Sherman

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CNBC media and sports reporter; covers streaming, M&A, and media business strategy.

Triple Win: Netflix, WBD, and Paramount All Profit
SocialFeb 26, 2026

Triple Win: Netflix, WBD, and Paramount All Profit

As I wrote months ago, there was only one “win win win” here … 1) Netflix gets the break fee 2) WBD gets even more money from Para 3) Para gets the bone it wants

By Alex Sherman
Netflix Rejects Paramount Offer, Cites Brand Stewardship
SocialFeb 26, 2026

Netflix Rejects Paramount Offer, Cites Brand Stewardship

Netflix declines to match Paramount offer for WBD: We believe we would have been strong stewards of Warner Bros.’ iconic brands, and that our deal would have strengthened the entertainment industry and preserved and created more production jobs in the U.S.

By Alex Sherman
Investors Question Netflix's Push for WBD Amid Skepticism
SocialFeb 26, 2026

Investors Question Netflix's Push for WBD Amid Skepticism

Netflix CEO Ted Sarandos will say he looks long term, but if Netflix ups its bid for WBD, investors who clearly are skeptical about the deal — even as is — may get even more concerned: why does Netflix want...

By Alex Sherman
Paramount's $31 per Share Bid Not Final, WBD Says
SocialFeb 24, 2026

Paramount's $31 per Share Bid Not Final, WBD Says

Clearly, WBD has been told or is inferring Paramount's $31/shr offer is still not the company's "best and final" offer -- and ongoing saga that still hasn't ended.

By Alex Sherman
Disney's Comm Chief Kristina Schake Exits with Iger
SocialFeb 24, 2026

Disney's Comm Chief Kristina Schake Exits with Iger

And.... some big Disney news too. Chief of comms Kristina Schake will leave on March 18 to coincide with Bob Iger's CEO departure. No replacement named.

By Alex Sherman
WBD Board Holds Off Decision on PSKY vs Netflix
SocialFeb 24, 2026

WBD Board Holds Off Decision on PSKY vs Netflix

“The Board has not made a determination as to whether the revised PSKY proposal is superior to the merger with Netflix. WBD will engage further with PSKY to determine if a proposal that constitutes a “Company Superior Proposal,” as defined...

By Alex Sherman
WBD Board Says Para Offer May Prompt Superior Bid
SocialFeb 24, 2026

WBD Board Says Para Offer May Prompt Superior Bid

Para offer —> $31/shr with $0.25 ticking fee…. WBD board says “Could Reasonably Be Expected to Lead to a “Company Superior Proposal””

By Alex Sherman