If it feels like it was only a month ago when we had our last major bit of corporate media consolidation, there’s a good reason for that. It literally was just over a month ago when billionaire David Ellison’s Skydance Media closed its merger with Paramount Global , forming the titanic Paramount Skydance.

Now, before Stephen Colbert’s body is even cold , the newly-formed mega corporation is on the prowl for more competitors to eat and, according to multiple reports , it has found its target. Paramount Skydance has engaged with investment banks as it prepares an offer for Warner Bros. Discovery, with a bid set to arrive as early as next week.

From a business perspective, it certainly makes sense that Warner Bros. Discovery would be amenable to an acquisition. Under the David Zaslav

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