MIC Ride Home: Google Launches New Ad Formats In AI Mode; OpenAI Preps IPO; Paramount Targets July to Close WBD Deal - Rpt; Snap, Reddit Announce Ad Measurement/Attribution Updates

Research evidence excerpt

MIC Ride Home: Google Launches New Ad Formats In AI Mode; OpenAI Preps IPO; Paramount Targets July to Close WBD Deal - Rpt; Snap, Reddit Announce Ad Measurement/Attribution Updates

Media, Internet & Communications Daily May 20, 2026

TMT Research Guggenheim

GSTMTResearch@guggenheimpartners.com MIC Ride Home: Google Launches New Ad Formats

Michael Morris, CFA In AI Mode; OpenAI Preps IPO; Paramount Targets michael.morris@guggenheimpartners.com

804 253 8025 July to Close WBD Deal - Rpt; Snap, Reddit

Curry Baker Announce Ad Measurement/Attribution Updates curry.baker@guggenheimpartners.com

804 253 8029

Charles Wilber RELEVANT, TIMELY OPINION, ANALYSIS AND NEWS FLOW FOR TMT

charles.wilber@guggenheimpartners.com INVESTING

804 335 3977

Latest Research: Taylor Manley

taylor.manley@guggenheimpartners.com MSGE: Baker highlights DOT selection of Penn Station transformation developer with 804 253 1336 plan appearing favorable.

Grayson Glenn

grayson.glenn@guggenheimpartners.com Key News Flow: GOOG/L, MSFT, PSKY, WBD, SPGI, SNAP, RDDT, APPL, AMZN,

804 253 8053 META, DIS, UMG.AS, WMG, GTN, NXST

Upcoming Events:

Ticker Price Rating May 26-27: Media Bus Tour (Los Angeles, CA) - Guggenheim Analysts Michael Morris

MSGE 68.81 Buy and Curry Baker will be hosting a series of meetings with company management and

thought leaders.

Please contact your Guggenheim Sales Representative for additional details.

LATEST RESEARCH - SNAPSHOT

MSGE: Baker - DOT Picks Penn Station Master Developer; Plan Appears Favorable

to MSGE, Shareholders (link) - The DOT announced the selection of Penn Transformation

Partners (Halmar) as the private Master Developer team to lead the transformation of New

York Penn Station (link). The selected Master Developer's plan has a few key aspects which