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Comcast Eyeing Warner Bros. Discovery Amid Paramount Layoffs
30 Oct
Summary
- Comcast interested in M&A deals, but has "high bar" for acquisitions
- Paramount cancels streaming shows, plans overhaul of Saturday morning programming
- Comcast sees potential in WBD's streaming and studio assets post-spinoff
On October 30th, 2025, Comcast's co-CEO Mike Cavanagh revealed that the company is closely monitoring the media landscape for potential acquisition targets, but maintains a "high bar" for any deals. This comes as Paramount, a subsidiary of Comcast's rival Paramount Global, is undergoing significant changes, including layoffs and the cancellation of several streaming shows.
Cavanagh hinted that Comcast is particularly interested in Warner Bros. Discovery's (WBD) streaming and studio assets, should the company proceed with its planned spinoff. He noted that with NBC, theme parks, and Peacock remaining as Comcast's core media businesses, any potential acquisitions would need to complement these existing operations.
While Cavanagh acknowledged regulatory concerns, he suggested that Comcast is less worried about such issues than some observers might expect. The executive emphasized that the company will only pursue deals that truly add value to its portfolio and strategies, rather than engaging in M&A for the sake of it.
Paramount's recent moves, including the overhaul of its Saturday morning programming, underscore the ongoing shifts in the media industry. As Comcast evaluates its options, the potential acquisition of WBD's assets could have far-reaching implications for the competitive landscape.
