The Daily Buyout
5 newspaper titlesDivestiture / carve-outMedia & Telecom

Lee Enterprises and USA TODAY Co. swap local newspaper assets

Lee Enterprises will acquire the Sioux Falls Argus Leader, Aberdeen American News, Watertown Public Opinion and Great Falls Tribune, while USA TODAY Co. takes full ownership of the Arizona Daily Star, ending their TNI Partners joint venture.

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More Media & Telecom deals

$110BStrategic acquisitionMedia & TelecomCompletedOct 7, 2026

Paramount closes $110B Warner Bros. Discovery takeover, becomes Skydance

Paramount completed its $110 billion acquisition of Warner Bros. Discovery on October 6, forming a combined company called Skydance under David Ellison. The deal unites Paramount+ and HBO Max with CBS, CNN, TBS and franchises like Game of Thrones and the DC Universe. It closed after settlements with a coalition of U.S. states and a Hollywood writers' union cleared the main legal hurdles.