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Mario Gabelli files a lawsuit against Shari Redstone for supposedly undervaluing Paramount investors.

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’

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. […]

UFC rights acquired by Paramount in surprising $7.7 billion agreement

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 […]

New Paramount CEO David Ellison visits CBS News as his first stop after the takeover

New Paramount CEO David Ellison visits CBS News as his first stop after the takeover

CBS News Staff Express Cautious Optimism with New Leadership CBS News employees are feeling “cautiously optimistic” about their future following the arrival of new Paramount CEO David Ellison. He made his first visit to the CBS headquarters after the company’s recent merger, now referred to as Skydance Corporation, which manages a range of media assets, […]

Earnings call from Paramount Group disclosed a major new lease, followed by another one.

Earnings call from Paramount Group disclosed a major new lease, followed by another one.

Paramount Group’s Second Quarter Revenue Insights During a recent earnings call, Paramount Group discussed significant leases that weren’t previously reported, alongside a new lease that was signed after the quarter closed. CEO Albert Beller shared with analysts that 1301 Sixth Ave., a key asset in Midtown, successfully signed a lease with investment bank Piper Sandler […]

Skydance and Paramount Combination Finalizes

Skydance and Paramount Combination Finalizes

Skydance Media and Paramount Global have successfully merged, forming a new media conglomerate and putting an end to ongoing confusion surrounding a contract that included corruption allegations against the Trump administration. Skydance Corporation’s new entity, Paramount, officially began trading on Nasdaq under the ticker symbol PSKY on the day the merger was finalized. “This is […]

Skydance CEO David Ellison leads a ‘new Paramount’ following the merger story.

Skydance CEO David Ellison leads a 'new Paramount' following the merger story.

Skydance Media Takes Over Paramount Global On Thursday, Skydance Media officially took control of Paramount Global, wrapping up a lengthy and tumultuous merger process valued at $8 billion, which had been threatened by political scrutiny and shareholder worries. A new entity, Skydance Paramount Corp, merges Skydance’s production and technical prowess with Paramount’s established brands that […]

Skydance’s David Ellison announces leadership team prior to merger with Paramount

Skydance's David Ellison announces leadership team prior to merger with Paramount

Skydance Media Announces New Leadership Team Ahead of Major Merger On Monday, Skydance Media revealed a new executive leadership team as it prepares for an $8 billion merger this week, coinciding with Paramount Global’s own merger plans. David Ellison, the CEO of Skydance and the son of Oracle co-founder Larry Ellison, will lead a new […]