Business
Early Burning

Early Burning

2/20/24 7:00PM

Early burning

Authorities in the Canadian province of Alberta have declared an early start to wildfire season — even sooner than last year’s March 1st start date — as the government looks to get a head start on the blazes that blight the area, after 2023’s record burning rates. 

The declaration is said to stem from warmer temperatures in the province, drought, a dry and mild winter, as well as the fact that some fires hanging over from 2023 have been burning “pretty much all winter”, according to firefighting experts

Crews will be hoping that the precautionary measures that are introduced when wildfire season officially begins, such as the requirement for fire permits when starting blazes in Alberta’s Forest Protection Area, will help their fight against the flames this year.

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Paramount Skydance reportedly preparing an Ellison-backed Warner Bros. Discovery takeover bid, sending shares soaring

Paramount Skydance is preparing a majority cash bid for Warner Bros. Discovery, The Wall Street Journal reported, sending shares of both companies surging. The Journal’s sources say the deal is backed by the Ellison family, led by David Ellison.

WBD shares were up 30% on the report, while Paramount Skydance jumped 8%.

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

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