Buy WBD by Dec 13, 2026.

For those that are interested in PSKY - WBD merger arbitrage, absent a legal settlement, I expect Paramount to win at the trial on lack of evidence of a probable antitrust injury. Most of the coverage on this merger has been one-sided showing its negative impact. I published this op-ed to show that the antitrust case against Paramount-Warner is weak based on industry data and that the theaters are not at the mercy of studios’ pricing; they have an equal …