BUZZ - Paramount and Warner Bros. shares rise after reaching settlement agreements with several U.S. states

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September 21 - ** Media giants Paramount Skydance (PSKY.O) and Warner Bros. Discovery (WBD.O) saw their stock prices rise; PSKY rose 8.3% to $11.1; WBD rose 10% to $30.6

** An informed source told Reuters (link) that PSKY has reached a settlement with 12 states, after these states had filed lawsuits seeking to block its $110 billion acquisition of WBD

**Sources said the settlement agreement includes establishing independent editorial boards for CNN and CBS and committing to releasing 30 movies per year, removing a significant hurdle for the deal

** The settlement agreement allows PSKY to avoid paying a $7 million daily penalty to Warner Bros. shareholders if the deal was not completed by September 30

** Year to date, including volatility from this trading day, PSKY stock price is down 17%, while WBD stock price is up 6.1%

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