--- title: "Paramount's Takeover of Warner Bros. Discovery Nears Completion" url: https://noti.group/paramount-s-takeover-of-warner-bros-discovery-nears-completion/ language: en publisher: "Noti Group" section: "Entertainment" published: 2026-10-05T18:52:48.000Z updated: 2026-10-05T19:24:21.521Z id: e67bc716-7f49-4728-970e-38367a43958a source: "The Hollywood Reporter https://www.hollywoodreporter.com/business/business-news/luis-silberwasser-leaving-tnt-sports-skydance-merger-1236722624/" attribution: "Link to https://noti.group/paramount-s-takeover-of-warner-bros-discovery-nears-completion/ and name Noti Group when you quote or summarize this story." --- # Paramount's Takeover of Warner Bros. Discovery Nears Completion Luis Silberwasser, chairman and CEO of TNT Sports, has announced his departure from the company in a memo to staff on Monday. The news comes as Paramount's takeover of Warner Bros. Discovery nears completion. The $111 billion merger between Paramount and Warner Bros. Discovery is set to be finalized on Tuesday, October 6, creating an entertainment, sports, and news giant under the Skydance name. Silberwasser will step down after the deal closes, bringing an end to his tenure at TNT Sports. In a statement to staff, Silberwasser reflected on his time at TNT Sports, noting that the company was entering a period of transformation when he joined in 2022. He said that despite significant challenges, the company has charted a new strategy and grown stronger under his leadership. TNT Sports will be integrated into a combined sports operation led by CBS Sports president and CEO David Berson. The merged entity will hold extensive rights packages, including Major League Baseball, the NHL, U.S. Soccer, and more. The addition of TNT Sports to the CBS Sports portfolio brings a significant expansion of premium sports rights and distribution platforms. Key assets include the NFL, college football, PGA Tour, WNBA, and men's March Madness rights. TNT Sports will also operate NBA digital properties through the 2029-30 season as part of Warner Bros. Discovery's settlement with the league. The move marks a major shift in the sports media landscape, with significant implications for fans and industry stakeholders alike. As the merger between Paramount and Warner Bros. comes to fruition, Luis Silberwasser is stepping down as head of TNT Sports, marking a significant change in the sports media landscape. Silberwasser's departure follows the creation of a new combined sports organization, which he believes has enormous potential for success. The company boasts an impressive portfolio of brands and a talented team that will drive its future growth. This optimism is also reflected in his past collaborations with CBS Sports on high-profile events like the NCAA Tournament. The partnership between CBS Sports and TNT Sports was hailed as one of the most successful in sports media history, demonstrating the potential for collaboration and innovation in the industry. Silberwasser's respect for leadership at both companies is evident in his statement, highlighting a spirit of cooperation that will be crucial to the new organization's success. Silberwasser returned to Discovery in 2022 when he took on the role of head of TNT Sports, which includes its Eurosport subsidiary. This marked a return to a familiar fold for Silberwasser, who had previously held positions at Telemundo and Univision as executive vp and chief content officer for Discovery International. The transition will be smooth, with Silberwasser committed to supporting the new leadership team during this period. His confidence in their ability to drive success is based on his faith in the people involved, rather than any specific strategy or plan. A formal announcement about Berson's role leading sports at Skydance is imminent, with a reveal expected within the next couple of days. This development follows closely on the heels of David Ellison's Monday announcement naming C-suite executives for the merged company. More details about the combined entity are likely to emerge from a company event scheduled for Tuesday. --- Source: [The Hollywood Reporter](https://www.hollywoodreporter.com/business/business-news/luis-silberwasser-leaving-tnt-sports-skydance-merger-1236722624/) Published by Noti Group: https://noti.group/paramount-s-takeover-of-warner-bros-discovery-nears-completion/