Why Paramount was determined to buy Warner Bros. Discovery

Warner Bros. in Burbank (Eric Thayer/Los Angeles Times) As Paramount Skydance's bid for Warner Bros. Discovery stretched into the stratosphere, a painful truth emerged. Paramount's core television business, which includes CBS, Comedy Central and MTV, is rapidly shrinking and its Melrose Avenue movie studio lost money. Paramount this week reported a $339-million operating loss in last year's fourth quarter, which included a half-billion dollars in restructuring costs following Paramount's August takeover ...