Shari Redstone, the main shareholder of Paramount, has been diagnosed with thyroid cancer.
Shari Redstone, the managing shareholder of CBS’s parent company Paramount, has been diagnosed with thyroid cancer. Her diagnosis came earlier this spring, and, while it has been a challenging time for her, she continues to balance her professional and charitable commitments throughout her treatment. Her family remains thankful for her positive prognosis. At 71, Redstone […]
Conflict behind the scenes between CBS and its affiliates complicates the Paramount deal further
Paramount’s $8 billion sale to Skydance faces increasing challenges, largely due to complications with CBS, often referred to as the Tiffany Network. Another significant obstacle arises from the ongoing conflict between CBS, Paramount’s news and entertainment arm, and its approximately 70 affiliates. CBS is pushing for higher fees for the programming it broadcasts, leading to […]
60 Minutes team criticizes Trump’s ‘bulls—‘ lawsuit while Paramount considers a settlement
Trump’s $20 Billion Lawsuit Against CBS News and Paramount Global The sound of ticking, perhaps a metaphor for mounting pressure, resonates not just for CBS’s “60 Minutes,” but for its parent company, Paramount Global, as they deal with a billion-dollar lawsuit from former President Donald Trump. This legal battle appears to be evolving, with ongoing […]
CBS News reduces staff in anticipation of widespread job cuts at Paramount Global, according to sources.
CBS News has recently made some quiet cuts, letting go of three key positions ahead of significant layoffs expected at its parent company, Paramount Global, this summer. The network, which has seen its ratings decline for both its morning show and evening news, is also facing a hefty $20 billion lawsuit from former President Trump […]
Paramount under increasing pressure regarding Trump lawsuit
Paramount Global is facing significant pressure, both from internal stakeholders and outside forces, due to a major lawsuit instigated by former President Donald Trump. Recently, Trump and Paramount’s legal teams engaged in mediation, hinting at the company’s willingness to negotiate a massive $2 billion lawsuit. This suit accuses CBS News over a “60 Minutes” interview […]
Paramount and Skydance need to eliminate DEI to meet the FCC’s ‘public interest’ requirements, according to sources.
The Federal Communications Commission (FCC) has been reviewing mergers and acquisitions in media for many years, focusing on whether these deals serve the “public interest.” Skydance’s purchase of Paramount and its CBS News arm for $8 billion might meet the FCC’s public interest criteria, but only under certain vague guidelines regarding broadcast fairness. The situation […]
Paramount faces pressure from CBS stars and Democrats while considering a settlement for the Trump lawsuit.
Paramount Global is facing both internal and external pressure regarding the high-profile lawsuit initiated by former President Donald Trump. Last week, Trump along with Paramount’s legal representatives entered mediation, indicating the company’s possible openness to settling the massive $20 billion lawsuit. This suit accuses the network of election interference stemming from a “60 Minutes” interview […]
Sanders and Democrats ask Paramount to avoid settling Trump’s lawsuit against ’60 Minutes’
A group of senators, led by Bernie Sanders (I-Vt.), is calling on major media companies to resist settling a lawsuit filed by President Trump. This lawsuit, connected to a “60 Minutes” segment featuring an interview with former President Kamala Harris, is described as “a blatant attempt to intimidate the media and those who oppose him.” […]
CBS Anchor Scott Pelley Accuses Paramount Of Meddling With ’60 Minutes’ Independence
CBS anchor Scott Perry blows up network and parent company Paramount on Sunday over the resignation of former “60 Minutes” producer Bill Owens. Owens resigned on Tuesday, citing the loss of independence reportedly. Perry made a similar comment on Sunday. Planned Merger Between Paramount and Skydance Media. “Parent company Paramount is about to complete the […]
‘60 Minutes’ Scott Pelley Rebukes Paramount for Executive Producer’s Exit in Rare On-Air Call Out
(AP) – “60 Minutes” correspondent Scott Perry paid tribute to the show’s executive producer, Bill Owens on Sunday. Someone who resigned last weekabout the extra supervision imposed by corporate leaders, saying, “None of us is happy.” Perry commented at the end of the evening’s CBS News TV broadcast, saying that quitting proved he was the […]