Communications Services Up, But Not by Much, on Rotation Out of '25 Leaders -- Communications Services Roundup

Communications-services companies rose, but not by as much as the broad market, as traders rotated from 2025 leaders such as tech and media into industrial and materials sectors.

Paramount Skydance continued pushing its $77.9 billion bid for Warner Bros. Discovery, a day after Warner said it plans to stick to its existing deal with Netflix.

Paramount claimed the Netflix deal was inferior, arguing that the value Warner shareholders would retain from cable-television properties excluded from the Netflix deal was nonexistent.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

01-08-26 1912ET