The looming ownership of the network by David Ellison has caused anxiety in its newsroom for months.
The deal includes an agreement to produce 30 films a year, or Paramount will be forced to sell off parts of its company.
Verizon, which owns the cable, says it is working to repair it "as quickly as possible".
The move was an escalation of President Trump’s showdown with the White House press corps after he moved to bar journalists from CNN, MS NOW and Politico.
Paramount Skydance has settled a lawsuit with a dozen US states that sought to block its acquisition of Warner Brothers, as well as with the Writers Guild of America. California's Attorney General said that while the settlement addressed concerns over competition and protection, it did not mean a vote of support for the deal.
By resolving a lawsuit filed by a group of states, the media mogul David Ellison removed the last major hurdle he faced in buying Warner Bros. Discovery.
By barring CNN, the White House has thrown a staple of TV news coverage into disarray.
Prime Minister Andy Burnham said further issues today "cause even greater concern" about the UK's air traffic control and the head of the organisation that runs it.
Several companies tied to the data center industry have delayed their initial public offerings amid the increasing public backlash to these energy guzzling facilities.
In a joint statement, CNN, MS NOW and Politico argued that President Trump’s decision to bar them from the White House grounds violates their First Amendment rights.
A national survey has found that key mental health measures for teenagers have significantly improved from their worst levels during the pandemic.
The ruling clears a path for a land swap deal that would expand Elon Musk’s Starbase launch site in South Texas.