Paramount plans significant layoffs in early November.
Thanksgiving is shaping up to be a challenging time for many at Paramount. The media company is preparing for what some insiders are calling a significant “Bloodbath” in early November. Reports indicate this follows the merger with Skydance Media, resulting in a massive round of layoffs. Jeff Shell, the former NBCUniversal executive chosen by Skydance […]
Democrats are against the $8 billion merger between Skydance and Paramount due to connections to Trump.
Democrats Express Concerns Over $8 Billion Merger Top Democrats are expressing unease regarding the recent $8 billion merger between Skydance Media and Paramount Global. They allege potential political interference, questionable financial transactions, and threats to press freedom. The Federal Communications Commission (FCC) gave the green light to this significant merger earlier this month, establishing a […]
Midday stock movements: Coty, Paramount Skydance, Walmart, and others
Midday Trading Highlights Here’s a quick look at some companies making news during midday trading: Coty Shares of this beauty retailer dropped over 20% after its latest quarterly results. Although it reported revenues of $1.25 billion—surpassing the $12 billion forecast by analysts—the earnings fell short by more than 2 cents per share. The company expects […]
House Democrats begin investigation into Paramount and Skydance merger
Two prominent Democrats in the House are starting to look into the circumstances surrounding Paramount’s $7 billion merger with Skydance, as well as the Trump administration’s approval of the deal. Frank Pallone Jr. (D-N.J.), ranking member of the Energy and Commerce Committee, and Rep. Jamie Raskin (D-MD.), ranking member of the Judiciary Committee, sent a […]
Shari Redstone describes the Paramount Trump settlement as an obvious choice and expressed her hope that his ’60 Minutes’ lawsuit would eliminate CBS’s bias against Israel.
Settlement between Paramount and Trump Shari Redstone, a former stakeholder in Paramount, referred to the $16 million settlement with Trump as “a simple thing.” In July, Paramount settled Trump’s lawsuit against CBS by agreeing to pay $16 million. This was in relation to an interview featuring former presidential candidate Kamala Harris. The settlement also accounted […]
‘Mission Impossible The Final Reckoning’ Is Available Digitally, But When Will It Stream on Paramount+?
New Release: Mission: Impossible – Final Calculation If you’re up for it, the latest installment in the Mission Impossible series, Mission: Impossible – Final Calculation, is set to hit digital platforms tomorrow for purchase or rental. This marks the eighth film in the franchise, and there’s a Part 2 scheduled for 2023, titled Mission: Impossible […]
Mario Gabelli files a lawsuit against Shari Redstone for supposedly undervaluing Paramount investors.
Gabelli’s Fund Files Lawsuit Over Paramount Merger Billionaire investor Mario Gabelli’s investment fund has taken legal action, filing a class-action lawsuit on behalf of Paramount Global shareholders. They claim that Shari Redstone, the company’s controlling shareholder, received unfair advantages during the $8.4 billion merger with Skydance Media. The Gabelli Value 25 funds and its affiliates […]
New Paramount leader supports CBS choice to end Colbert’s ‘Late Show’
Colbert’s “Late Show” Canceled Amid Criticism The new Paramount Chief has backed the previous administration’s choice to cancel “The Late Show with Stephen Colbert,” citing significant issues with the current late-night landscape. Jeff Shell, who became president of Paramount following its merger with Skydance, addressed CBS’s decision to end the late-night staple in May 2026. […]
Midday stock movements: Miami International, Paramount Skydance, Advance Auto Parts, and others
Market Overview Miami International Holdings, which is the parent company of the Miami-based exchange operator MIAX, saw its stock surge over 43% in its debut on the New York Stock Exchange. They priced their initial public offering at $23 per share, and it was last traded for more than $31. In contrast, media companies like […]
UFC rights acquired by Paramount in surprising $7.7 billion agreement
UFC Partners with Paramount for Major Broadcast Deal Say farewell to pay-per-view events. Paramount has announced a historic $7.7 billion agreement to acquire UFC broadcasting rights over the next seven years, beginning in 2026. This means UFC events will be available exclusively through Paramount+ subscriptions, with select events also airing on CBS. UFC president Dana […]