Communications-services companies ticked up amid optimism about merger activity.
Warner Bros Discovery's second-quarter profit and revenue dropped. Warner Chief Executive David Zaslav said he was confident the merger with Paramount Skydance would close despite regulatory opposition. Shares of Warner rose.
The Federal Communications Commission voted to repeal the national cap on television-station ownership Thursday, potentially clearing the way for further consolidation of broadcasters.
Shares of News Corp., the publisher of this newswire, rose after it logged fiscal fourth-quarter revenue growth.
Write to Rob Curran at rob.curran@dowjones.com
