World’s largest news media companies If a merger between Warner Bros. Discovery and Paramount Global is agreed, and allowed to pass by federal regulators, it would create the world’s third largest news media company SIZE COMPARISON (by market capitalisation, $ billions) Comcast 177.18 HQ: Philadelphia Thomson Reuters 65.00 Toronto Warner-Paramount* 37.68 New York Naspers 33.44 Cape Town Warner Bros. Discovery 27.65 New York Fox Corp. 13.97 New York News Corp. 13.70 New York Paramount Global 10.03 New York New York Times 7.54 New York Nexstar 5.40 Irving IACI 4.54 New York *Combined market cap if merger goes ahead Sources: Bloomberg, Investopedia, CompaniesMarketcap.com © GRAPHIC NEWS