<div id="readability-page-1"><div><p>Communications-services companies fell, but not by as much as the broad market, as deal intrigue persisted.</p><p>    Warner Bros. Discovery shares fell after the company's board recommended shareholders reject Paramount's unsolicited all-cash bid, saying it believes a Netflix offer for its studios and HBO Max streaming service is still superior, partly due to concerns about Paramount Skydance Chief Executive David Ellison's deal financing plans. Shares of Paramount fell, while Netflix rose. </p><p>    Video platform YouTube struck a multiyear deal with the Academy of Motion Picture Arts and Sciences, which will run the Hollywood awards show from 2029 through 2033, after decades airing on Disney's ABC. ABC will continue to broadcast the Oscars through 2028. </p><p>   Write to Rob Curran at rob.curran@dowjones.com </p><p>    (END) Dow Jones Newswires</p><p>12-17-25 1735ET</p></div></div>

派拉蒙環球

奈飛

<p>通信服務公司在持續的交易懸念中小幅下跌。華納兄弟探索公司的董事會拒絕了派拉蒙的全現金收購要約，傾向於潛在的奈飛報價。派拉蒙的股價下跌，而奈飛的股價上漲。YouTube 與美國電影藝術與科學學院簽署了一項多年協議，將於 2029 年至 2033 年播出奧斯卡頒獎典禮，取代迪士尼的 ABC，後者將繼續播出該獎項至 2028 年</p>

Communications Services Down, but Not by Much, Amid Deal Intrigue -- Communications Services Roundup

- 通信服務公司股價下跌，但跌幅小於整體市場。  
- 華納兄弟發現公司建議股東拒絕派拉蒙現金收購要約。  
- YouTube 與電影藝術與科學學院簽署長期協議，將從 2029 年至 2033 年轉播奧斯卡獎。

通信服務有所下降，但幅度不大，交易疑雲籠罩 -- 通信服務綜述