Instagram/David Ellison Celebrity Paramount & Warner Bros. Discovery will keep cable networks post-merger. Executives see "incredible" strategic value in the combined linear TV portfolio. March 22, 2026 AceShowbiz - Paramount executives confirmed on Monday that following the merger with Warner Bros. Discovery, the combined entity will retain its existing cable networks rather than selling them off. During an analyst call, CEO David Ellison and COO and Chief Strategy Officer Andy Gordon were repeatedly asked about the future of their linear cable assets.