LOS ANGELES and NEW YORK, June 12, 2026 /PRNewswire/ — PARAMOUNT SKYDANCE CORPORATION (NASDAQ: PSKY) (“Paramount”) today announced the extension of the Expiration Dates in connection with the previously announced (i) offers to purchase (the “Tender Offers” and each, a “Tender Offer”) for cash, upon the terms and subject to the conditions set forth in the related offer to purchase (the “Offer to Purchase”), any and all of the identified notes in each series of the Existing Tender Offer Notes (defined by reference to the table set forth below) issued by Discovery Global Holdings, Inc. (formerly WarnerMedia Holdings, Inc.) (the “DGH Issuer”) and Discovery Communications, LLC (the “DCL Issuer” and together with the DGH Issuer, each a “WBD Issuer” and collectively the “WBD Issuers”), as applicable, and (ii) offers to exchange (the “Exchange Offers” and each, an “Exchange Offer” and, together with the Tender Offers, the “Offers” and each, an “Offer”), upon the terms and subject to the conditions set forth in the related exchange offer memorandum (the “Offering Memorandum”), any and all of the identified notes in each series of the Existing Exchange Offer Notes (defined by reference to the table set forth below) (together with the Existing Tender Offer Notes, the “Offer Notes”) issued by the applicable WBD Issuer for notes to be newly issued by Paramount.

The Expiration Dates for the Tender Offers and Exchange Offers (as defined in each of the Offer to Purchase and Offering Memorandum, respectively) have been extended to 5:00 p.m., New York City time, on July 1, 2026, unless further extended. The Settlement Dates for the Tender Offers and Exchange Offers (as defined in each of the Offer to Purchase and Offering Memorandum, respectively) will occur promptly after the Expiration Date and are currently anticipated to occur in the third quarter of 2026. Paramount anticipates extending the Expiration Date for such Tender Offers and Exchange Offers until such time that would result in the Settlement Dates occurring on the closing date of the proposed acquisition (the “Acquisition”) by Paramount of Warner Bros. Discovery, Inc. (“WBD”) or within one business day thereof. Tenders of the Offer Notes in the Offers may be withdrawn at any time prior to the Expiration Date.

As of 5:00 p.m., New York City time, on June 11, 2026, approximately 11.12% and 16.30% of the aggregate principal amount of the Existing Tender Offer Notes and Existing Exchange Offer Notes, respectively, have been validly tendered in the applicable Offers. As Paramount previously announced that it anticipates extending the Offers to align with the closing date of the Acquisition, Paramount does not view these figures to be representative of the final results of the applicable Offers.

Information about each series of Offer Notes eligible to participate in the Offers is summarized below.

The Exchange Offers are being made pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and the rules and regulations of the Securities and Exchange Commission (the “SEC”) promulgated thereunder, and are also not being registered under any state or foreign securities laws. Any securities offered pursuant to the Exchange Offers may not be offered or sold in the United States or to any U.S. persons (as defined below) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Exchange Offers will only be made, and the securities offered pursuant to the Exchange Offers are only being offered and issued, to holders of applicable Existing Exchange Offer Notes who are (a) reasonably believed to be “qualified institutional buyers” as defined in Rule 144A under the Securities Act or (b) not “U.S. persons,” as defined in Rule 902 of Regulation S under the Securities Act (such holders, “Eligible Holders”), and only Eligible Holders who have completed and returned the eligibility certification are authorized to receive or review the Offering Memorandum or to participate in the Exchange Offers. The eligibility certification is available electronically at: https://gbsc-usa.com/eligibility/paramount.

General

Each Offer is a separate offer, and each may be individually consummated, amended, extended, terminated, or withdrawn, subject to certain conditions and applicable law, at any time in Paramount’s sole discretion, and without also consummating, amending, extending, terminating, or withdrawing any other Offer with respect to any other series of Offer Notes. Paramount may terminate an Offer if any of the conditions of such Offer described in the Offer to Purchase or Offering Memorandum, as applicable, are not satisfied or waived by the applicable Expiration Date, subject to applicable law. In addition, Paramount may waive the conditions to an Offer without extending such Offer in accordance with applicable law.

The Offers are being made solely by Paramount and are not being made by WBD or the WBD Issuers. None of Paramount, WBD, the WBD Issuers, the Dealer Managers, the Exchange Agent (as defined below), the Information Agent (as defined below), the trustees under each of the indentures governing the Offer Notes, the trustee or collateral agent under the indenture that will govern the notes to be issued in the Exchange Offers, or any affiliate of any of them makes any recommendation as to whether any holder of Offer Notes should tender or refrain from tendering all or any portion of the principal amount of such holder’s Offer Notes for cash or notes to be issued in the Exchange Offers. No one has been authorized by any of them to make such a recommendation. Holders must make their own decision whether to tender Offer Notes in any Offer and, if so, the amount of Offer Notes to tender.

Only Eligible Holders may receive a copy of the Offering Memorandum and participate in the Exchange Offers. Paramount has engaged Global Bondholder Services Corporation to act as the exchange agent (in such capacity, the “Exchange Agent”) and information agent (in such capacity, the “Information Agent”) for the Offers. Questions concerning the Offers, or requests for additional copies of the Offer to Purchase or Offering Memorandum or other related documents, may be directed to Corporate Actions by telephone at (855) 654-2014 (U.S. toll-free) or (212) 430-3774 (banks and brokers) or by email at contact@gbsc-usa.com. Holders should also consult their broker, dealer, commercial bank, trust company or other institution for assistance concerning the Offers. The Exchange Offer documents and the Tender Offer documents can be accessed at the following link: https://gbsc-usa.com/paramount.

Paramount has engaged BofA Securities and Citigroup as dealer managers (in such capacity, the “Dealer Managers”) for the Offers. Holders with questions regarding the Offers should contact BofA Securities, Inc. at +1 (888) 292-0070 (toll-free) or +1 (980) 388-3646 (collect) or debt_advisory@bofa.com or Citigroup Global Markets Inc. at +1 (800) 558-3745 (toll-free) or +1 (212) 723-6106 or ny.liabilitymanagement@citi.com. Latham & Watkins LLP is serving as legal counsel to Paramount and Cahill Gordon & Reindel LLP is serving as legal counsel to the Dealer Managers.

This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security, and does not constitute an offer, solicitation, or sale of any security in any jurisdiction in which such offer, solicitation, or sale would be unlawful.

About Paramount, a Skydance Corporation

Paramount, a Skydance Corporation is a next-generation global media and entertainment company, comprised of three business segments: Studios, Direct-to-Consumer, and TV Media. PSKY’s portfolio unites legendary brands, including Paramount Pictures, Paramount Television, CBS, CBS News, CBS Sports, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Pluto TV, and Skydance Animation, Film, Television, Interactive/Games, and Paramount Sports Entertainment.

PSKY-IR

Cautionary Note Concerning Forward-Looking Statements

This communication contains “forward-looking statements” regarding the Acquisition and the other transactions referred to herein. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of Paramount. Risks and uncertainties include, but are not limited to: the risk that the closing conditions for the Acquisition will not be satisfied, including the risk that clearances under applicable antitrust or regulatory laws will not be obtained or will be obtained subject to conditions that are not anticipated; the possibility that the transactions described herein will not be completed in the expected timeframe or at all; the occurrence of any event, change or other circumstances that could give rise to the termination of the Acquisition; potential adverse effects to the businesses of Paramount or WBD during the pendency of the Acquisition, such as employee departures or distraction of management from business operations; negative effects of the announcement or the consummation of the Acquisition on the market price of WBD or Paramount stock; the risk of stockholder litigation relating to the Acquisition, including resulting expense or delay; the potential that the expected benefits and opportunities of the Acquisition, if completed, may not be realized or may take longer to realize than expected; risks related to the streaming business of the post-Acquisition combined business (the “Combined Company”); the adverse impact on the Combined Company’s advertising revenues as a result of changes in consumer behavior, advertising market conditions, and deficiencies in audience measurement; risks related to operating in highly competitive and dynamic industries; the unpredictable nature of consumer behavior, as well as evolving technologies and distribution models; risks related to the Combined Company’s decision to invest in new businesses, products, services, and technologies, and the evolution of the Combined Company’s business strategy; the potential for loss of carriage or other reduction in, or the impact of negotiations for, the distribution of the Combined Company’s content; damage to the Combined Company’s reputation or brands; losses due to asset impairment charges for goodwill, content and long-lived assets, including finite-lived intangible assets; liabilities related to discontinued operations and former businesses; increasing scrutiny of, and evolving expectations for, sustainability initiatives; evolving business continuity, cybersecurity, privacy and data protection and similar risks; challenges in protecting and maintaining the Combined Company’s intellectual property rights; domestic and global political, economic and regulatory factors affecting the Combined Company’s business generally or the Acquisition; the inability to hire or retain key employees or secure creative talent; disruptions to the Combined Company’s operations as a result of labor disputes; risks and costs associated with the integration of, and Paramount’s ability to integrate, the businesses of Paramount Global, Skydance Media, LLC, and WBD successfully and to achieve anticipated synergies, including in the amounts or on the timelines anticipated to realize such synergies; litigation related to the Acquisition and other matters or transactions; risks associated with the Combined Company’s holding company structure, including its dependence on distributions from its subsidiaries to meet tax obligations and other cash requirements; risks related to our indebtedness, including our substantial outstanding debt obligations, our ability to incur substantially more debt and our ability to meet the financial and other covenants contained in the agreements governing the indebtedness of Paramount, WBD, or the Combined Company. A further list and description of these risks, uncertainties and other factors and the general risks associated with the respective businesses of Paramount and WBD can be found in Paramount’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 25, 2026, including in the sections captioned “Cautionary Note Concerning Forward-Looking Statements” and “Item 1A. Risk Factors,” Paramount’s most recently filed Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, including in the sections captioned “Cautionary Note Concerning Forward-Looking Statements” and “Item 1A. Risk Factors,” and Paramount’s subsequent filings with the SEC, and in WBD’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 27, 2026, including in the section captioned “Item 1A. Risk Factors,” WBD’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the SEC on May 6, 2026, and WBD’s subsequent filings with the SEC. Neither Paramount nor WBD undertakes to update any forward-looking statement as a result of new information or future events or developments, except as required by law.

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SOURCE Paramount Skydance Corporation

Establishes Fact-Based Account on Influential Social Platforms Amid Rising Hate and Misinformation

NEW YORK, June 12, 2026 /PRNewswire/ — Anne Frank Center USA, an organization dedicated to transformative education honoring the legacy of Anne Frank, today announced the launch of @AnneFrankLifeStory, a new social media initiative bringing Holocaust education to younger generations.

Live on TikTok and Instagram, @AnneFrankLifeStory is designed to serve as a trusted resource for Holocaust education online. The initiative aims to foster dialogue, deepen understanding, and combat hate and misinformation where they spread most rapidly. The account will feature short-form animated videos inspired by Anne Frank’s diary, moderated Q&As, and interactive educational content that encourages engagement. The project was developed in partnership with Luc Bernard, creator of Voices of the Forgotten, the Holocaust museum inside the video game Fortnite, who is directing the videos. It emerged through the Eradicate Hate Global Summit, a multi-disciplinary forum dedicated to advancing solutions that address hate-fueled violence.  

The launch marks what would have been Anne Frank’s 97th birthday. On her 13th birthday in 1942, Anne Frank received the diary that would become one of the most powerful first-person accounts of the Holocaust and an enduring testament to the humanity, courage and promise of young people.

“Anne Frank’s diary continues to challenge each generation to confront hatred with moral courage, empathy and resilience. Today, that challenge is unfolding on the digital platforms where young people are learning and interacting,” said Dr. Lauren Bairnsfather, Chief Executive Officer of Anne Frank Center USA. “With @AnneFrankLifeStory, we are creating a credible and accessible destination for audiences to explore Anne Frank’s legacy and turn awareness into action against intolerance. Luc’s uniquely creative approach to interpreting the Holocaust through a modern lens has made him an invaluable collaborator, and we look forward to our continued partnership.”

“Social media has become one of the most influential spaces for education and conversation, and it’s critical that Holocaust education exists on these platforms,” said Mr. Bernard. “As fewer survivors are able to tell their stories firsthand, accounts like @AnneFrankLifeStory help ensure young people can continue engaging with history in a meaningful way, while actively countering rising antisemitism online. Anne Frank Center USA has played an important role in evolving how Anne Frank’s story is shared and experienced today, and I’m proud to partner with the organization to bring this initiative to life.”

Anne Frank Center USA continues to raise funds to support the initiative. To learn more or contribute, visit: www.annefrank.com/donate/.

About Anne Frank Center USA
The Anne Frank Center USA traces its roots to the efforts of Otto Frank in the 1950s to raise funds to support the restoration of Anne Frank House in Amsterdam. He established the Anne Frank Foundation in New York as a fundraising organization dedicated to this purpose. The Anne Frank Foundation evolved into the Anne Frank Center USA, securing official 501(c)(3) nonprofit status in New York in 1977. AFC USA, which is still based in New York, functions as a decentralized organization. This makes it possible for the organization to remain nimble and responsive in a rapidly changing world. Over the past year, programs of AFC USA have reached hundreds of thousands of students in twenty-two states and the District of Columbia.

About Anne Frank
Born on June 12, 1929, Anne Frank was a Jewish teenager from Frankfurt, Germany who was forced to go into hiding during the Holocaust. She and her family, along with four others, spent over two years during World War II hiding in an annex of rooms on Prinsengracht in Amsterdam, today known as the Anne Frank House. After being betrayed to the Nazis, Anne, her family, and the others living with them were arrested and deported to Nazi concentration camps. In March of 1945, seven months after she was arrested, Anne Frank died of typhus at the Bergen-Belsen concentration camp. She was fifteen years old.

About The Diary of a Young Girl
Since it was first published in 1947, Anne Frank’s diary has become one of the most powerful memoirs of the Holocaust. Its message of courage and hope in the face of adversity has reached millions. The diary has been translated into more than 70 languages with over 30 million copies sold. Anne Frank’s story is especially meaningful to young people today. For many she is their first, if not their only exposure to the history of the Holocaust.

Contact:
Meaghan Repko / Chloe Karp
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

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SOURCE Anne Frank Center USA

PATCHOGUE, N.Y., June 12, 2026 /PRNewswire/ — Do buyers really need 20 percent down to qualify for a home loan? A recent HelloNation article featuring Matt Nieves of Contour Mortgage Patchogue Branch explains why this long-standing belief is more myth than fact. The article shows that while 20 percent down can be helpful, today’s lending options provide multiple paths to homeownership with far smaller down payment requirements.

The HelloNation feature explains that the 20 percent figure comes from traditional lending standards. Larger down payments lowered risk for lenders and allowed borrowers to avoid mortgage insurance. While these benefits still exist, the home buying process has changed. Many loan programs now allow buyers to qualify with just 3 to 5 percent down, depending on their credit score, income, and loan type.

For first-time buyers in particular, saving 20 percent can feel impossible. Rising home prices outpace wages in many markets, making the number seem out of reach. The HelloNation article makes clear that believing in the 20 percent down myth discourages buyers unnecessarily, even when they already qualify for a home loan with far less.

Several loan programs support smaller down payment options. Conventional loans may accept as little as 3 percent for qualified buyers with strong credit scores. FHA loans, backed by the Federal Housing Administration, typically require 3.5 percent down and are widely used by buyers with moderate credit. VA loans for veterans and USDA loans for rural buyers may even offer zero down payment options. Each program has eligibility requirements, but all demonstrate that 20 percent down is not a rule across the home buying process.

Of course, smaller down payments usually involve mortgage insurance. The HelloNation article notes that while this adds cost to the monthly payment, it also allows buyers to begin building equity much sooner. Instead of waiting years to save for 20 percent down, borrowers can enter the market earlier and start gaining long-term financial benefits from homeownership.

A strong credit score remains important. Buyers with higher scores generally receive better interest rates and more flexible terms. Those with lower scores may still qualify but may face higher costs. Checking the credit report for errors and making improvements before applying can make a significant difference. A lender review can also help identify which low down payment programs a buyer may qualify for based on their financial profile.

Income and debt levels also matter. Lenders use the debt-to-income ratio to measure how much of a buyer’s monthly income is already committed to debts. A manageable ratio reassures lenders that the buyer can handle a new home loan payment. The article points out that even if a buyer does not have 20 percent saved, strong income and steady financial habits can lead to approval.

The HelloNation article also explains how a real estate agent can support buyers who are considering their down payment options. Agents regularly work with clients using FHA, VA, USDA, and conventional loans. Their experience shows that many successful homebuyers move forward without reaching the 20 percent mark. This guidance helps reduce doubt and encourages buyers to explore all available paths.

The article does not dismiss the benefits of a larger down payment. Putting 20 percent down can lower monthly payments, reduce total interest, and eliminate mortgage insurance. It may also provide an advantage in competitive bidding situations. However, the article emphasizes that the key is recognizing that 20 percent down is one option, not the only option.

The persistence of the 20 percent myth is rooted in outdated standards. In today’s lending environment, flexibility exists to meet different financial circumstances. Buyers should not let old assumptions stop them from pursuing a home loan. Whether by saving longer or using low down payment programs, both strategies can lead to successful ownership when matched with a buyer’s goals and budget.

Ultimately, the HelloNation article concludes that homeownership is about balance. Some buyers may wait until they comfortably have 20 percent down, while others may take advantage of programs designed to reduce barriers. Separating myth from fact allows buyers to make informed decisions that fit their financial path.

The full article, titled Myth vs. Fact: You Need 20% Down, can be read on HelloNation. In the feature, Matt Nieves, Mortgage Loan Expert of Patchogue, NY, provides insights into how different down payment strategies impact the home buying process and how buyers can move forward with confidence.

About HelloNation
HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content and storytelling, HelloNation delivers expert-driven articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.

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SOURCE HelloNation